Managers of Wealth Offshore

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

What is a hedge fund investor to do?

Vatican to share tax info with US

THE Vatican has agreed to share tax information with the United States in its latest move to improve the reputation of its scandal-marred bank and crack down on tax cheats.

IRS Deadlines Loom for Taxpayers With Offshore Accounts

IRS reminds taxpayers of important June deadlines for FATCA and FBAR filings

Putin signs law on offshore assets amnesty

“turn the offshore page of the economy and start living from scratch not thinking that either racketeers or law enforcement will come after you.”

Hedge Funds Face $5 Billion Tax as Iceland Unveils New Law

Iceland presented legislation that will let it tax bank creditors trying to exit the $15 billion economy as the government unveils an historic bill to end capital controls.

OSC seeks to beef up whistleblower program with cash rewards up to $1.5M

The Canada Revenue Agency began an offshore tax informant program in January 2014, offering up to 15 per cent of funds recovered in cases that see the CRA recoup more than $100,000.

Recent Tax Treaty Developments In Cyprus by Philippos Aristotelous, Andreas Neocleous & Co

The proposed provisions are similar to existing provisions relating to information exchange except in one important regard.

OECD releases Implementation Package for BEPS country-by-country reporting

Pushing forward efforts to boost transparency in international tax matters, the OECD today released a package of measures for the implementation of a new Country-by-Country Reporting plan developed under the OECD/G20 BEPS Project.

Finance minister advocates domestic tax amnesty

Switzerland’s participation in agreements over the automatic exchange of information means that tax amnesty within the country's borders should be considered for a fair playing field

Strengthening the international community’s fight against offshore tax evasion

Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information

Extension of FATCA Deadlines for BVI Financial Institutions - Conyers

This update supplements our previous alert of 3 November 2014 entitled “Impact of FATCA on BVI entities” and our alert of 23 April 2015 entitled “FATCA – Impending Deadlines for BVI Financial Institutions”.

SMP Accounting & Tax - UK Property -The Non-Resident Landlords Scheme 2015

The Non-Resident Landlords Scheme is a scheme for dealing with the UK taxation of UK rental income of individuals, companies and trusts that are not resident in the UK.

Ocean Finance Upper Tribunal Judgment - Deloitte

Webcast: 8 June 2015, 4pm

deVere Group launches tax consultancy

One of the world’s largest independent financial advisory organisations has today launched its standalone tax consultancy division.

Belgium targets low-tax wealth structures with its new “Cayman Tax”

Belgium has therefore decided to follow its Dutch neighbour's example and target income received from low-tax wealth structures.

Malaysia tax haven Labuan to position itself as Islamic finance hub

According to its 2014 report, the Labuan International Business and Financial Centre recorded a 12.3% growth in new companies registered in Labuan to 11,630 as per end-December

No safe havens… by Gary Heynes

Perhaps surprisingly, Switzerland is one the first to sign up to an automatic exchange agreement with the EU, with Andorra, Liechtenstein, Monaco and San Marino set to follow. This means that very soon there will be no safe haven for hidden funds…

The Mauritius Revenue Authority enters into Memorandum of Understanding with the South African Revenue Service

The understanding was reached in relation to the below factors to be considered when endeavouring to settle the question of dual residence

SMP Accounting & Tax - VAT Newsletter - May 2015

Welcome to the latest VAT newsletter that looks at the latest changes to the VAT systems in the UK, the Isle of Man and throughout the EU.

FATCA Reporting Bulletin - Deloitte

HMRC are aware that difficulties are being experienced in validating FATCA registrations in advance of the 31 May 2015 deadline.