08/20/2015
International finance centers play a significant role in Russian foreign direct investment (FDI). For example, in 2012 it was observed that 11 of the 40 main recipients of Russian FDI were IFCs. Of these finance centers, the largest recipients were the BV
08/20/2015
The critical underlying justification for FATCA as a substantial revenue offset ultimately rested on a single statement and its footnote in that 2008 Report
08/20/2015
Ian Huskisson from Travers Thorp Alberga in the Cayman Islands discusses the recent demise of the Caledonian offshore banking group as a result of "incredible government overreach" by the Securities and Exchange Commission.
08/19/2015
Since its inception in September 2009, more than 6,500 people have registered to participate in the Liechtenstein Disclosure Facility. More than 5,900 disclosures have been received by HM Revenue and Customs, with over £1.6bn raised so far.
08/18/2015
Thirty major multi-national companies will be targeted by the Abbott Government under a new assault on tax evading firms that has already brought in an extra $400 million in revenue.
08/14/2015
The CRS represents a significant step towards the global automatic exchange of information ("AEOI") for tax purposes and there are currently more than 90 countries that have committed to its implementation.
08/14/2015
The new 'Implementation Handbook' is designed to assist countries with their implementation of the CRS.
08/13/2015
The agreement must now be approved by the Swiss parliament and may be subjected to a referendum before it can enter into force.
08/13/2015
Each professional included on the list has been recommended by their directors, senior peers and clients.
08/13/2015
These obligations include filing tax returns and paying the assessed taxes.
08/13/2015
Isle of Man removed from Italian blacklist
08/12/2015
A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.
08/12/2015
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/11/2015
The Bahamas is a well-established, well regulated, fully compliant jurisdiction.
08/11/2015
HMRC have been increasing their focus on offshore and tax structuring arrangements for some time now and there has been a noticeable shift in their approach towards such arrangements.
08/11/2015
The facility is available under the Black Money Act’s compliance window, which ends on 30 September
08/11/2015
Trustee and fiduciary service providers are subject to FATCA compliance requirements
08/11/2015
The South African Institute of Professional Accountants is urging local tax dodgers to come clean in the wake of the HSBC scandal.
08/10/2015
Key point: all qualifying non-residents will have to file a tax return within 30 days of a disposal of a UK residential property
08/10/2015
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information