Managers of Wealth Offshore

CIT winners and losers emerge

Clarien Bank and Bermuda Commercial Bank do not fall in scope since they are not part of international groups.

Rising tax compliance demands create opportunity for financial transformation

“The investment will need to be made, the approach will define whether the outcome is a cost or a benefit,” Cassar Torregiani said.

Revealed: Millions in taxpayer dollars sent offshore to Big Tech

The totals and graphs throughout this article have been updated.

Small businesses behind two-thirds of Britain’s £59 billion tax shortfall

HMRC says tax evasion accounted for 12 per cent of last year’s tax gap

Sark considers tax cuts for local homes and tighter recovery rules

If approved, the new rules would make it easier for authorities to recover tax owed.

Details of Greens ‘super-rich tax’ revealed online ahead of announcement

Under the proposal, a 2.5% tax would be introduced on the net assets of the super-rich above $10 million, excluding family homes.

Cayman government advances review of tax reporting framework

The latest disclosures provide additional detail on a tender first announced earlier this month

AO World boss blames Labour job tax hike for move to offshore jobs overseas

AO World said it had also taken “targeted pricing” action amid efforts to offset cost pressures

“Positive” Alderney tax reform discussions demonstrated “strong interest”, says P&F Chair

Representatives from the States of Guernsey travelled to the Bailiwick’s most-northerly island to provide an update on the proposed 2026 Tax Reform Package.

Report: Taxes, fees from financial services sector up $15M

The report further states: “According to preliminary data, the financial sector sustained its contribution to the government’s direct revenue during the review year.

Hidden US Estate Tax Risks for Bermuda-Based Individuals and Families

For Bermuda-based individuals and families with international investments, the key priority should be the early identification of potential US estate tax exposure

Sark plans to reform tax system to make it fairer

Sark is looking to radically reform its tax system to make it fairer, and to meet the escalating costs of running the island.

Treasury counters on offshore tax havens

"The rationale … was not simply 'we want havens,' the issues were US sovereignty, compliance burden and foreign [tax] application to US-parented groups already subject to US minimum-tax systems."

Fears QROPS could become subject to UK inheritance tax

Concerns have been raised that pensions caught under the Qualifying Recognised Overseas Pension Schemes could be subject to the UK’s inheritance tax.

Hidden US Estate Tax Risks for Bermuda-Based Individuals and Families

For Bermuda-based individuals and families with even a modest allocation to US equities or real property, this disparity can give rise to material and unintended exposure within a globally managed portfolio.

Innovate Guernsey proposes raising tax cap for newcomers

Guernsey currently has two tax cap mechanisms in place that are aimed at new open market residents

Sloan calls P&R’s tax plan ‘a damp squib’

A deputy who has always been in favour of bringing in a GST has criticised Policy & Resource’s latest tax package for being a damp squib, which won’t cure the island’s long-term funding needs.

European firms gain access to African tax-havens, as EU seals first-ever offshore trade pact

Although trade with the four African island states is relatively modest at a combined €9.7bn in 2024, Mauritius and Seychelles have two of the continent’s largest offshore financial services sectors.

Explained: The ‘PIT’ plan

Owners who continue holding Guernsey property as passive wealth storage would be required to make a substantial financial contribution through a high levy on such properties.

Halkitis defends VAT cut on food, says policy will ease cost pressures not raise prices

According to Halkitis, this stability is not accidental but reflects deliberate economic management aimed at shielding households from the worst of global inflationary shocks.