Managers of Wealth Offshore

The future is transparent

As banking secrecy comes to an end, taxpayers with overseas assets should ensure they are on the right side of what can be draconian law.

Bahamas Department of Inland Revenue Introduces Business License Online Registration

The Online Tax Administration System will provide businesses with a simple, user-friendly, online application and payment system.

Turkey, US agree to cooperate against tax evasion

Turkey's tax system draws more than two-thirds of its revenue from indirect taxes

Tax avoidance ‘sham’ defeated in tribunal by HMRC

HM Revenue & Customs has won a legal battle against a £29m offshore tax avoidance scheme where money was supposed to fund research into brain disorders.

Jersey Tax Bulletin July 2015 - Deliotte

Non-UK Domiciliaries and UK Residential Property: Upcoming Changes

Jamaica: FATCA Takes Effect Next Month

This development comes in the wake of the passage yesterday of the Revenue Administration Act with two amendments.

Leading realtor warns against additional real estate tax

Urges incentives to boost jobs, ownership, 3rd pillar of economy

'India Has Shared Protocol to Tackle Black Money Abroad'

The Black Money Act, for the first time, allows levy of tax in India on assets kept abroad.

US authorities investigating Singapore asset manager in offshore tax evasion crackdown, says WSJ

In its online report on Sunday, the Journal said the investigation marks an expansion east of the US crackdown on undeclared offshore accounts that began in Switzerland in 2009.

Liechtenstein Disclosure update - July 2015

No liability for any period before 6 April 1999

New UK offshore tax laws must prove criminal intent - CIOT

The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation.

All Experiencing FATCA and CRS problems?

Developed by Webtech Limited in conjunction with leading corporate service provider SMP Partners, the solution is uniquely designed by users for users.

Criminal charges loom over facilitating tax evasion

People who evade tax, facilitate or turn a blind eye to tax evasion will now face powerful criminal and civil sanctions under our tough new regime,” he said.

Strict liability offence for offshore tax evasion will apply to all jurisdictions

Under the current law a taxpayer can only be guilty of a criminal offence if HMRC can prove that the failure was deliberate.

Malta Further Extends FATCA Reporting Deadline

The deadline for FIs to submit FATCA data to the IRD has been moved forward to July 31, 2015.

Ukraine, Cyprus agree to revise taxation agreement

Ukraine and Cyprus have agreed to review bilateral agreements on taxation to prevent the withdrawal of capital to offshore zones, Finance Minister Natalie Jaresko wrote on Facebook.

Switzerland stands to gain from UK tax changes

Mr Codrington was convinced that there would be an increase in individuals that would reconsider their options once the new regime came into force in April 2017.

DeMontford Bell Expands Malta Operations

Other areas where we have seen strong growth include Gibraltar and the Isle of Man

GAAR provision to make way into India-Mauritius treaty

Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.

Exclusive: Guernsey chief minister defends island’s tax credibility

Guernsey chief minister Jonathan Le Tocq has defended the island’s position as an “international leader” in tax cooperation after it was placed on the European Commission’s tax haven blacklist last month.