05/10/2015
Jersey warns of £125m budget shortfall
There are also likely to be personal tax increases. Alan Maclean, the island’s treasury minister, says 80 per cent of households may have to pay more tax next year.
Tax
05/08/2015
IRS expands use of legal tools against tax evaders
The U.S. Internal Revenue Service is planning to broaden the use of subpoenas of documents in cases where the name of a taxpayer under investigation is not known.
05/08/2015
Guernsey Chief Minister Meets EU Commissioner Moscovici
Guernsey's Chief Minister, Jonathan Le Tocq, has met with Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, Taxation and Customs
05/07/2015
Estimating the illicit funds in global tax havens
These illustrations show how the economic crisis of 2008 was a catalyst for going after tax havens by developed economies.
05/07/2015
Falciani: all banks help evade taxes
“The higher compensation people get for helping justice, the greater the pressure cheaters will have. It’s important to know people can gain a lot more by helping instead of cheating.”
05/05/2015
UK Supreme Court to hear HMRC case on bank bonuses
The UK’s highest court is to hear an appeal by HM Revenue & Customs over two offshore schemes designed to avoid paying tax on bankers’ bonuses
05/05/2015
FATCA Guidance Notes for Mauritius based Financial Institutions - TMF
The Guidance Note provides practical assistance to Mauritius-based financial institutions, businesses, their advisers, and officials dealing with the application of FATCA.
05/04/2015
Bermuda listed among the biggest tax havens
Bermuda is listed as 14th in a survey of the world’s biggest tax havens
05/01/2015
The proposed abolition of the non-dom tax regime – don’t panic! by Dominic Lawrance, Charles Russell Speechlys
As discussed in our previous briefing, Labour calls time on the remittance basis, Ed Miliband has announced a policy of abolishing what he called the “non-dom tax regime”, to be implemented in the event of a Labour victory in the coming electi
04/30/2015
Cayman Islands registration of local Financial Institutions for FATCA purposes
The Cayman Islands Tax Information Authority announced this week that registrations of local Financial Institutions (FIs) for FATCA purposes concluded between 1 May 2015 and 12 May 2015 will not attract any adverse compliance consequences or enforcement m
04/30/2015
Singapore's government says it's not a tax haven, it's a value-adding hub
Singapore is not a tax haven, it's a value-adding hub
04/30/2015
Reminder Of Cayman FATCA Notification Deadline - Wlkers
The Department for International Tax Cooperation in the Cayman Islands announced yesterday that Financial Institutions should make every effort to complete their notification through the Automatic Exchange of Information Portal by Thursday, 30 April 2015
04/29/2015
Hodge accused of receiving £1.5m in shares from tax haven
The head of parliament's public accounts committee (PAC) has been accused of hypocrisy after it was claimed she received more than £1.5m in shares from the tax haven of Liechtenstein
04/27/2015
Lloyds Banking Group close to selling Isle of Man-based investment and tax planning business
To an offshore specialist funded by a private equity backer
04/24/2015
FATCA - Impending Deadlines for BVI Financial Institutions
This article provides a reminder of the impending deadlines and action that is required for those BVI entities that are classified as “Foreign Financial Institutions” for the purposes of FATCA.
04/24/2015
U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes
The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens
04/22/2015
BEPS.tax - new information portal
The website is free to access, does not require registration
04/22/2015
Urgent: Cayman Islands registration deadline approaching - Deloitte
FATCA Reporting Bulletin
04/22/2015
Madrid Tax Data Reveals Gib is No Haven for Spanish Money
Spanish law requires taxpayers to provide to the Spanish tax authorities information about offshore accounts
04/22/2015
Manx and UK tax update
Greg flagged up the possible removal of the UK Tax Return