Managers of Wealth Offshore

CRS Update and Impending FATCA Return Deadline

As outlined in our prior updates, the FATCA Return is submitted through the TIA's Automatic Exchange of Information Portal and needs to be submitted on or before 26 June 2015.

Maltese shell company helped launder millions in embezzled Spanish public funds

A Malta-based shell company was used by a Spanish embezzler arrested last week after five years on the run to help siphon off millions of public funds through a publicly-owned wastewater treatment company which operated in and around the city of Valencia.

Banks in tax havens like Switzerland and Mauritius to run checks on Indians looking to open black money account

Banks in tax havens such as Switzerland and Mauritius are seeking to put in place rigorous checks to ensure that they keep out Indians looking to open black money accounts

Proposed U.S. Model Treaty Provisions May Dramatically Alter International Tax Landscape

The U.S. Model Income Tax Treaty generally represents the United States’ opening position in treaty negotiations

Banks in tax havens like Switzerland and Mauritius to run checks on Indians looking to open black money account

This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.

EU "Blacklist": Guernsey included by error

The Chief Executive Officer of the States of Guernsey, Paul Whitfield, has expressed his surprise that Guernsey has been included on the blacklist and has explained that the error is most likely due to "a lack of understanding about Guernsey's c

Cayman Finance statement on EU Blacklisting

It is not clear what standards have been used by these 11 countries to come to such a conclusion, in particular when the Cayman Islands has exchange of information mechanisms in place with all but one of these countries.

Cayman on new EU blacklist

Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax evasion.

Guernsey placed on EU tax 'black list'

The list, which includes 30 non-EU non-cooperative third countries, features jurisdictions that appear on 10 or more national 'black lists'.

Guernsey Responds to EC’s list of So-Called Non EU "Non Cooperative Jurisdictions"

Guernsey’s Chief Minister and Commerce & Employment Minister have expressed their astonishment further to an announcement of the European Commission yesterday that Guernsey has been included on a list of 30 so-called non-co-operative jurisdictio

New tax treaty with Mauritius may affect cross-border investment

THE new double-tax treaty between SA and Mauritius is set to come into force in January next year, following a controversial renegotiation to better protect the South African tax base.

Cyprus And South Africa Protocol On The Double Tax Treaty Raises Optimism On Bilateral Relations

This Protocol paves the way for growth and enhanced business opportunities between both countries

'Surprise' at Guernsey inclusion on EU 'non-cooperative' blacklist

The list consolidates national tax 'blacklists' as they stood six months ago, and includes any jurisdiction on 10 or more Member States' lists.

Moore Stephens named in the Citywealth Leaders List

Moore Stephens, Chartered Accountants in the Island, has once again been listed in the prestigious wealth management network Citywealth Leaders List.

EU releases world tax havens blacklist

The European Union published its first list of international tax havens on Wednesday as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc.

Updated Jersey FATCA Guidance Notes

On 11th June 2015, the Jersey Tax Office released an updated version of the Jersey FATCA Guidance Notes

Switzerland Reportedly Eliminates VAT For Bitcoin Transactions

The news was delivered following a formal inquiry to the Swiss Federal Tax Administration (FTA) by three members of Bitcoin Association Switzerland, submitted in Feb 2014. FTA’s answer clarified that bitcoin is not seen as a good or service, and is

Upper Tribunal holds offshore structure which created a VAT advantage not abusive

Those engaged in wholly or largely VAT exempt activities suffer irrecoverable VAT on the costs of bought in services such as advertising. Individual businesses or sectors may therefore need to consider the most VAT efficient structure to use.

BAHAMAS: New Gov’T Debt Security Targets $200m ‘Finish Line’

The first piece carries a 4 per cent interest rate and three-year principal maturity

The IRS Turns Up The Heat On Hedge Fund-Backed Reinsurance

What is a hedge fund investor to do?