09/28/2015
Germany raids premises linked to Maple Bank in tax probe
German authorities have searched premises linked to Maple Bank as part of a probe into alleged tax evasion and money laundering.
Tax
09/28/2015
Regulators catching up to Ferrari tax dodgers
The regulators are in the position of police on a freeway without a speed limit using bicycles to stop Ferraris.
09/27/2015
Tax office asks Swiss banks about Dutch savers
A tax office spokesman told Nos that two other banks are being approached but did not give further details.
09/25/2015
U.S. Tax Laws Could Snag “Accidental Americans”
Accidental Americans can include individuals like this future daughter-in-law who never thought of herself as American, as well as Green Card holders who let this authorization to live and work in the U.S. lapse.
09/25/2015
Leading offshore law firm Hosts Another Successful Global Tax Enforcement Conference
The conference was aimed at senior management of Isle of Man’s financial services businesses and yet again was fully subscribed.
09/25/2015
Hungary Joins Call For Greater EU Cooperation On Tax Avoidance
Tax revenues in Hungary last year increased by HUF650bn (USD2.3bn) compared with the year before, he said.
09/25/2015
Leaving Australia for work? Beware of your tax residency status
Thousands of Australians head offshore each year to expand their horizons and a lucky few will fund their adventure by working overseas.
09/25/2015
Common Rules (Not Rates) Should Be The Answer To Tax Competition In The EU
The creativity of rich individuals and their tax advisors to hide private wealth in tax havens such as Switzerland or the Isle of Man knows hardly any bounds
09/25/2015
Invitation: AEOI Webinar
With the Common Reporting Standard ("CRS") being implemented on 1 January 2016, Deloitte are pleased to host a Crown Dependency specific webinar to discuss the key requirements and the steps that FIs need to take in order to prepare for its intr
09/25/2015
The Common Reporting Standard: Automatic Information Exchange Goes Global
Traditionally, information about an individual or business has been sent from one tax authority to another on request
09/24/2015
And the winner of the 2015 Rugby World Cup is …HMRC
If you consider the VAT on ticket sales and receipts from hospitality and travel, HMRC does very well out of sporting events such as the Rugby World Cup. But if the Chancellor really wants to help deliver similar events in the future and even increase muc
09/24/2015
IRS Targets Secret Offshore Bank Accounts
US taxpayers with secret bank accounts in Belize are about to feel the full force of the Internal Revenue Service.
09/24/2015
UK plugs contractor tax loophole
Those high income individuals using offshore trusts will have to pay up by month end
09/24/2015
Challenges facing companies in the face of intense scrutiny
Dozens of island companies are facing challenges from unprecedented scrutiny by global tax authorities, a leading legal expert has told Business News.
09/24/2015
Swiss Banks Outline Stance On AEOI
In a recent speech, Odier noted that Switzerland has taken the necessary domestic legislative measures
09/23/2015
IOM: Chief Minister rejects Washington DC’s tax haven slur
Washington DC released the list of 39 ‘tax havens’ as part of its Budget Support Act, which was signed by the Mayor in August.
09/23/2015
St. Kitts and Nevis: Amory dismisses concerns about FACTA's impact on the offshore financial sector
Financial institutions in the federation will under FATCA, be expected to fulfill a requirement to report on US persons income to facilitate US collection of taxes.
09/23/2015
Isle of Man signs Tax Information Exchange Agreement with the Cayman Islands
The Isle of Man has continued its programme of developing closer economic and taxation co-operation with other countries by concluding a Tax Information Exchange Agreement with the Cayman Islands.
09/22/2015
Tax Reform Summit: Community buy-in crucial for efficient tax system
We also need the tax system to be fair, and to incentivise desirable outcomes like high-tech innovation and greater workforce participation by women and older Australians.
09/21/2015
Draft AEOI Guidance Released
HMRC have released their draft Automatic Exchange of Financial Account Information Guidance notes.