Managers of Wealth Offshore

Impact of FATCA on Cayman Islands Entities

This publication provides a brief overview of the expected impact on entities incorporated in the Cayman Islands

PE Panorama: Name and shame time

The Luxembourg officials and advisers quoted insist that such deals are fully legal

Tax probe judge had account with offshore scandal bank - claim

Ex-ministers among figures named in Ansbacher dossier

Singapore will implement a global agreement on swapping tax information

Singapore will implement a global agreement on swapping tax information, aimed at ending offshore tax evasion, by 2018, provided certain conditions are met

Deloitte Guernsey Tax Bulletin: Common Reporting Standard

The Global Forum on Transparency and Exchange of Information for Tax Purposes, where the Multilateral Competent Authority Agreement (‘MCAA’) was signed, was attended by 39 ministers, constituting the largest gathering of ministers to take join

Swiss authorities agree to hand over non-HSBC details

Over the past few years, the Indian government has been dispatching a number of requests to the Swiss authorities arising from either search operations done by the Income Tax department or information received on holdings of Indians in Switzerland from th

A new report about Luxembourg again underscores the magnet working of low tax bases for corporate money streams

It Is Time To Tackle Corporate Tax Tarts

Luxembourg, the country where accountants outnumber police 4:1

Grand Duchy advertises itself as ‘business-friendly’ haven amid leak showing it helped multinationals save millions in tax

AUSTRALIA: Investors urged to disclose offshore assets

The Australian Taxation Office (ATO) has once again reminded investors to voluntarily disclose offshore assets or income under Project DO IT before the December 19 deadline.

UK FATCA Compliance for Investment Funds by Schulte Roth & Zabel

The United Kingdom has signed intergovernmental agreements (‘IGAs’) with its Crown Dependencies and Overseas Territories in order to improve compliance with UK tax laws, a regime often referred to as ‘UK FATCA’.

Tax havens: why urgent action is needed

The EIB countered that the country did not feature on the OECD black list of secretive jurisdictions when it closed the contract on the project in 2012

Capital Flight In Latin America

From 1970 to 2011, US$2 trillion from Latin America and the Caribbean have been funneled to offshore tax havens. It’s money that moves behind the scenes, in illicit financial flows (IFF).

Switzerland's First Tax Info Exchange Pacts To Take Effect

Switzerland's tax information exchange agreements (TIEAs) with Jersey, Guernsey, and the Isle of Man have entered into force and will be effective from January 1, 2015.

Offshore Voluntary Disclosures: To Certify or Not to Certify

Taxpayers with undisclosed foreign assets face an even greater risk of detection than ever before.

Labuan not fully exempted from GST

Labuan, which enjoys duty free status, will not be fully exempted from implementation of the Goods and Services Tax in April next year.

Tougher disclosure rules for offshore accounts held by 'non-doms' once single tax reporting standard in force

Jason Collins of Pinsent Masons, the law firm behind Out-Law.com, was commenting as 51 countries signed an agreement that will activate the Common Reporting Standard for automatic exchange of financial account information in tax matters

Russia approves law to clamp down on offshore tax sheltering

The new law would introduce modifications to the tax code that will force Russian owners of companies based abroad to pay taxes in Russia.

Swiss Financial Regulator Pledges Crackdown on Individuals

Switzerland’s financial services watchdog pledged to crack down on individuals suspected of misconduct, abandoning what the regulator has called a historical “reluctance” to target people rather than institutions.

Cameron vows to clamp down on companies that funnel billions into offshore tax havens

Companies which exploit loopholes to avoid paying tax in Britain will be made to ‘damn well pay

Black money case fallout: India pulls out of multilateral information sharing agreement

Government sources said that India was unable to sign the pact as there was uncertainty about disclosures and lack of clarity