Managers of Wealth Offshore

Mexico more tax compliant than Jersey, says OECD

The Organization for Economic Cooperation and Development issued compliance ratings for 10 jurisdictions as part of its ongoing ‘Phase Two Peer Review’ reports.

Lawsuit claims FATCA “unconstitutional”

The lawsuit is accompanied by a complaint to the United Nations that FATCA violates fundamental human rights

No influx of European wealth for Singapore

Singapore has grown rapidly by assets under management as wealthy entrepreneurs from the region, especially southeast Asia, have started to use private banks.

Cayman Islands: Tax authority ordered to pay court costs

Australian authorities had made four requests for information to determine the beneficial owners of two Cayman-domiciled companies

Costa Rica: No tax hikes until 2017 as government sets sights on evaders instead

Two additional bills aimed at turning the sales tax (IVI) into a value-added tax and another bill to revamp the income tax scales will be delayed until 2016, ruling party lawmaker Otton Solis told Bloomberg.

The offshore world: Past, present and future? by Gabriel Tribaldos, Morgan & Morgan

The reputation of many jurisdictions, or so called ‘tax havens’, has been attacked by other nations, most which fail to apply the same policies that they advocate for others.

United States: Lawmakers Debate Options For Curbing Offshore Inversions

As many as eight major U.S. companies have recently announced deals that would see them merge with smaller companies overseas and use the transactions to reorganize as non-U.S. entities.

Global Forum releases new compliance ratings on tax transparency for 10 jurisdictions

With the release of the latest batch of reviews, the Global Forum has now completed 143 peer reviews and assigned compliance ratings to 64 jurisdictions that have undergone Phase 2 reviews.

Russian Finance Ministry to exclude Malta from offshore zones

The provisions of the conventions are the same as for most similar documents, which are that a company affiliate’s profits are subject to taxation in the country of location.

HMRC close the net on offshore payment intermediaries

The attraction to the contractor in using an offshore payment intermediary is easy to understand

Money channeled into Caribbean tax haven didn't affect his rate

Republican gubernatorial candidate Bruce Rauner funneled part of his wealth to a Caribbean territory long considered a tax haven, a business practice the venture capitalist defended on Sunday, stressing there was no impact on his personal tax rate.

FATCA Implications for Offshore Investment Funds and their US Investment Managers by Withers

The Foreign Account Tax Compliance Act (“FATCA”) was enacted in response to concerns that US taxpayers were avoiding US tax by using offshore financial institutions to hide assets and avoid reporting income.

An update regarding the new QI Agreement

On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.

British Virgin Islands: Continued Benefits Of Holding UK Property In A BVI Company

Another significant reason is that ownership remains confidential

Fears 'aggresive' HMRC may target offshore bonds

Ray McCann, partner (non-lawyer) at Pinsent Masons, said HMRC was allowing anxieties to “swell up” over how far it would go, adding that it was possible the body could eventually target offshore bonds.

The top ten tax-free destinations where expats and non-doms don't hand a single penny to the exchequer

The country - which consists of more than 700 tiny islands - offers an excellent standard of living as well as 0 per cent tax on personal earnings.

Expats Not Exempt From UK Pension Tax

While the Budget attempts to operate under the guise of flexibility, there will be a couple of inevitable terms that could potentially make the idea of drawing the whole fund in one go a lot less appealing.

Threat to tax break for expats under consultation

Plans to disallow UK non-residents from benefiting from the personal allowance could mean those who work abroad for their companies are “significantly worse off

Billionaire investor Threatens To Dump Companies That Move Offshore

The Mavericks owner is known for his loud and sometimes distasteful comments.

Singapore becomes the fourth signatory of double taxation agreement with Seychelles this year

According to the Seychelles foreign affairs ministry the agreement was signed in New York between the Seychelles Ambassador to the United Nations, Marie-Louise Potter and her Singaporean counterpart, Karen Tan on July 9.