Managers of Wealth Offshore

Taking offence offshore

On 16 July 2015, the Government issued four consultation documents on the topic of offshore tax, non-compliance and evasion.

Cyprus: The New Double Taxation Agreement Between Cyprus And Georgia

The new agreement closely follows the 2010 OECD Model Convention, with only minor modifications, and the Protocol to the agreement clarifies the information exchange provisions. Details of the DTA and Protocol are now available, and they are analyzed in t

CRA targeting mining-sector tax havens

Tax evasion by Canadian companies using offshore havens promises to become election issue

South Africa: Tax havens not safe for much longer

South Africans with unauthorised funds abroad better get their affairs in order because tighter regulation in tax havens will soon become a harsh reality, a tax expert has warned.

HSBC cautious on persons with political connections, refraining from opening accounts of US-based Indians

HSBC has been asking all "politically exposed persons" having accounts with the bank to disclose their source of fund and income.

‘Tax havens will chase out non-compliant taxpayers’

As global efforts to close loopholes intensify.

The impact of FATCA in the Philippines

Hiding money overseas to avoid taxes has been the long-established practice of some taxpayers. Offshore tax havens (i.e., countries that have low or no taxes and lack of transparency) still exist, making it possible for individuals to evade taxes by not r

A Staggering $12Tn In Assets Has Been Lost To Global Offshore Industry

The definition of victory for this paper is to review and improve upon existing estimates of the size, growth and distribution of untaxed private wealth protected and serviced by the global offshore industry.

Thousands of pieces of Scottish land owned by offshore companies

The islands were recently embroiled in a huge tax evasion scandal

The Global Forum releases new compliance ratings on tax transparency

The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor

Cooperating with Indian authorities on Swiss a/c probe: HSBC

Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.

Jersey signs tax agreement with Seychelles

The Government of Jersey has signed a double tax agreement with the Republic of Seychelles.

NewsAlert: Tackling tax evasion - new measures - July 2015

HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.

A taxing and complex Channel Islands tale

Sark, a picturesque island 80 miles south of England, was until recently the last feudal state in Europe.

Think FATCA Requirements Only Apply to Foreign Entities? Think Again

Beginning with the 2012 tax year, this reporting is satisfied by filing Form 8938 with the Internal Revenue Service (IRS).

Mauritius introduces new form for tax residency with more disclosure

FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.

CSIRO chief silent on tax haven

CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.

Why do off-shore tax havens still exist?

Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.

Mauritius & P-notes: Any proposed change in rules may spook Dalal Street

Both actions have a sharp, short-lived impact, leaving behind a trail of conspiracy theories.

Demonizing Foreign Investors For The Sins Of U.S. Tax Policy Is As Dangerous As It Is Absurd

The U.S. tax system compels U.S. companies to devote as much attention to tax avoidance