08/07/2015
The new agreement closely follows the 2010 OECD Model Convention, with only minor modifications, and the Protocol to the agreement clarifies the information exchange provisions. Details of the DTA and Protocol are now available, and they are analyzed in t
08/06/2015
Tax evasion by Canadian companies using offshore havens promises to become election issue
08/06/2015
South Africans with unauthorised funds abroad better get their affairs in order because tighter regulation in tax havens will soon become a harsh reality, a tax expert has warned.
08/05/2015
HSBC has been asking all "politically exposed persons" having accounts with the bank to disclose their source of fund and income.
08/04/2015
As global efforts to close loopholes intensify.
08/04/2015
Hiding money overseas to avoid taxes has been the long-established practice of some taxpayers. Offshore tax havens (i.e., countries that have low or no taxes and lack of transparency) still exist, making it possible for individuals to evade taxes by not r
08/04/2015
The definition of victory for this paper is to review and improve upon existing estimates of the size, growth and distribution of untaxed private wealth protected and serviced by the global offshore industry.
08/03/2015
The islands were recently embroiled in a huge tax evasion scandal
08/03/2015
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor
08/03/2015
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
08/01/2015
The Government of Jersey has signed a double tax agreement with the Republic of Seychelles.
07/31/2015
HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.
07/31/2015
Sark, a picturesque island 80 miles south of England, was until recently the last feudal state in Europe.
07/31/2015
Beginning with the 2012 tax year, this reporting is satisfied by filing Form 8938 with the Internal Revenue Service (IRS).
07/31/2015
FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.
07/30/2015
CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.
07/30/2015
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
07/30/2015
Both actions have a sharp, short-lived impact, leaving behind a trail of conspiracy theories.
07/29/2015
The U.S. tax system compels U.S. companies to devote as much attention to tax avoidance
07/29/2015
The Cyprus Government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment.