Managers of Wealth Offshore

Cayman AEOI Portal Now Open

Within moments of the circulation of Appleby’s eAlert entitled, “Cayman AEOI Portal Almost Open,” the Cayman Islands Tax Information Authority followed through: the Portal is now indeed open.

Greece, Switzerland Resume Talks On Untaxed Money

Greece and Switzerland were to hold a new round of talks Thursday on a deal designed to help the cash-strapped Mediterranean country recover billions of euros in unpaid taxes.

British Virgin Islands issues updated FATCA Guidance Notes

The update reflects a number of developments since issue of the first version.

Guernsey: Will Guernsey Crack The Enigma Code?

Michael Betley, group chairman of Trust Corporation International looks at how Guernsey has coped in an increasingly transparent and regulated world and how it can adapt to further change in the future.

Hodge calls for change to ‘non-dom’ rules

The meeting, which took evidence from Dave Hartnett, HMRC’s former permanent secretary for tax and Edward Troup, HMRC’s tax assurance commissioner, shed little additional light on the tax evasion scandal involving HSBC Suisse.

Cayman Islands: FATCA Reporting And International Tax Compliance: Next Steps

The following alert has been updated to reflect the Mar 19, 2015 announcement of the opening of the Cayman AEOI Portal and the removal of the mandatory requirement for a NIL return to be submitted.

Mauritius promises India full-cooperation on tax treaty issues

Mauritius has promised full cooperation with India to address outstanding issues relating to their bilateral tax treaty

Cayman Islands FATCA portal for TIA notification now open

The Cayman Islands Department for International Tax Cooperation has launched its Automatic Exchange of Information portal and released an accompanying user guide.

Virgin Care among firms with lucrative NHS deals and a tax haven status

Tax Research UK, has found 13 holding companies, some of them offshore, between Virgin Care and its ultimate parent company, based in the British Virgin Islands.

HMRC introduces new strict liability offence for offshore tax evasion

Danny Alexander, chief secretary to the Treasury, said: “If people help a burglar, they are accomplices too. Now it will be the same for those that help tax evaders”.

Switzerland, EU tag team tax evasion

Bern and Brussels have clinched a deal to exhange bank account data in an effort to tackle tax fraud.

HSBC declines to comment on Manx accounts

International bank HSBC has declined to comment on whether they are cracking down on Isle of Man accounts held by UK residents

Tackling evasion: Government set to create strict liability for offshore tax evasion despite Law Society concerns

The government has announced today (19 March) it is to establish a strict liability offence for offshore tax evasion

Names of Argentines with HSBC offshore accounts in Switzerland to be made public

Argentina will move forward with its investigation of the HSBC offshore accounts in Switzerland

Isle of Man Tax Bulletin - Deloitte

Please find links below to Deloitte’s UK Budget 2015 Briefings.

Secrets ending for Swiss bank accounts

The Alpine nation was long reluctant to change its banking privacy laws

Fund Distribution Increasingly Impacted By Regulation

How has Guernsey responded to the inevitable challenges presented by this phalanx of regulation? Sinéad Leddy, Head of Technical at Guernsey Finance, outlines the strategy.

Budget 2015: 'Google tax' to launch next month - targeting multinational companies who don't pay their fair share

George Osborne announced the Diverted Profits Tax will come into effect on April 1

Combatting corporate tax avoidance: Commission presents Tax Transparency Package

A key element of this Tax Transparency Package is a proposal to introduce the automatic exchange of information between Member States on their tax rulings.

Liechtenstein Disclosure Facility to face early closure

The UK Government has announced in today’s Budget that it will close the Liechtenstein Disclosure Facility (LDF) half a year earlier than expected