Managers of Wealth Offshore

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.

HMRC moves to crack down on offshore tax evasion

HM Revenue & Customs is consulting on a raft of new measures to clamp down on offshore tax evasion.

Congress Wants to Reward Corporate Tax Dodgers with Lower Taxes

But instead of taking steps to halt this brazen tax dodging, lawmakers have floated various misguided “reform” proposals that would actually reward these companies’ bad behavior.

Big changes to India-Mauritius DTAA?

Mauritius’ former finance minister claims that his country has given up the right to tax capital gains.

Australia Warns MNCs Against Using Offshore Marketing Hubs To Reduce Tax Burden

This follows allegations that offshore subsidiaries are being used by MNCs to shift out profits for reducing their tax bills.

India, US sign FATCA to fight offshore tax evasion

Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.

BPM Grows Alternative Investment Practice with Cayman Islands Office

Finnegan and his team help clients manage the full range of issues that affect global businesses and investors

House of Lords to grill ex-HSBC chairman in tax evasion row

Global bank’s Swiss operation helped wealthy customers evade tax during Stephen Green’s tenure

Swiss banks agree US tax evasion deal with Justice Department

Two more Swiss banks have agreed deals with the US Justice Department over tax evasion by Americans.

Guernsey Tax Bulletin - Deloitte

Summer Budget 2015

OECD backs Guernsey as cooperative jurisdiction

Following Guernsey being placed on an EU tax 'black list' as a non-cooperative' jurisdiction, the OECD has come out in support of the island.

South Africa: Revenue Service On Voluntary Disclosure Programme for Locals With Accounts in Foreign Tax Jurisdictions

This matching confirms that some accoun-tholders may have used their accounts to evade South African tax liabilities.

Summer Budget 2015: what non-doms need to know

For non-UK domiciled clients, there are two key sets of changes.

Canada Life comments on the Summer Budget’s impact on wealth management

This is a Budget explicitly aimed at middle Britain but a big beneficiary will be the wealth management industry.