07/06/2015
The country is still reeling in shock after it was reported that a former city hall official who is suspected of corruption stashed the proceeds of his alleged crooked dealings in local banks and the local property market.
07/06/2015
Profit shifting is a perfectly legal way of moving the earnings of an MNC to a low-tax destination to avoid the clutches of a high-tax regime.
07/06/2015
The Obama administration quietly handed a victory to U.S. companies that avoid taxes by claiming a foreign address
07/06/2015
Monica Bhatia, Head of the Secretariat of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes said: "I am very surprised that Guernsey has been included in a list of non-cooperative jurisdictions. We are very pleased wi
07/03/2015
The Guernsey Income Tax Office have announced they will not impose penalties on local Financial Institutions which did not meet the 2014 US FATCA reporting deadline of 30 June 2015 providing filings are made by 8 July 2015.
07/03/2015
When the Jamaican authorities introduced a 15% withholding tax on insurance premiums paid by residents to the non-residents abroad, they indicated the move was aimed at tackling tax avoidance whereby local firms were establishing offshore captive insuranc
07/02/2015
The next step for all Irish entities which are classified as Financial Institutions for FATCA purposes is to submit a return to Irish Revenue setting out details of any US reportable accounts they may have maintained during the 2014 calendar year, or to
07/02/2015
HM Revenue & Customs has dropped thousands of QROPS schemes from its recognised overseas pension schemes (ROPS) list, with Australian schemes fairing the worst.
07/01/2015
A taskforce was launched by HM Revenue and Customs yesterday targeting wealthy tax dodgers living beyond their means in Northern Ireland
07/01/2015
The Best’s Briefing, titled, “A.M. Best Comments on Proposed U.S. Tax Changes of Offshore (Re)Insurers, states that companies would likely seek operating alternatives to ensure capital efficiency if the tax benefits for offshore companies are
07/01/2015
The Foreign Account Tax Compliance Act (FATCA) does not get most expatriate Americans’ vote, according to a new survey of Americans living abroad conducted by deVere Group, a financial consulting firm.
06/30/2015
The U.S. Department of Justice Tax Division and the Internal Revenue Service have been ramping up an intense crackdown on offshore tax evasion
06/30/2015
The Baltic republic of Latvia has pulled Bermuda off its blacklist of uncooperative tax jurisdictions supplied to the European Commission
06/26/2015
The Isle of Man ratified the agreement at the November 2013 sitting of Tynwald
06/26/2015
Greek Finance Minister Yanis Varoufakis has taken a swipe at Switzerland for providing only limited information about wealthy tax evaders from cash-strapped Greece who are believed to have stashed billions of euros in Swiss banks.
06/26/2015
"Tax avoidance practices therefore are responsible for a significant leakage of development finance and resources," UNCTAD Secretary-General Mukhisa Kituyi told a news conference.
06/26/2015
Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”
06/26/2015
The Government of Jersey has signed a Double Tax Agreement with the Republic of Rwanda.
06/26/2015
The current transparency agenda and the harmful tax practices initiative date all the way back to 1998, the year the OECD published its seminal paper ‘Harmful Tax Competition’ an Emerging Global Issue
06/25/2015
While the term “tax haven” has taken on pejorative qualities in modern times, the actual truth about these essential locales is very bullish