11/20/2014
The U.S. Department of Justice has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans
11/19/2014
Bahamas Refines Guidance For New VAT Regime
The new regime will be introduced from January 1, 2015.
11/19/2014
Barbados, U.S. sign tax accord
The government of Barbados signed an agreement under the U.S. Foreign Account Tax Compliance Act, known as FATCA, to combat tax evasion by foreign residents in the island.
11/19/2014
Cyprus May No Longer Be A Tax Haven For Funds Or May It?
available to investors from the European tax haven under the bilateral tax treaty between the two countries.
11/18/2014
Jurisdictions worldwide may not yet have come up with their 'Esperanto' when it comes to exchanging information about taxpayers, but they are certainly less disconnected than they used to be.
11/17/2014
Black money trail goes much beyond Swiss Alps to many island nations
As India expands its probe into suspected black money stashed abroad, the trail appears to have gone much beyond the Alpine mountain ranges of Switzerland to various island nations and global financial centres like Dubai, Singapore, Luxembourg and Cyprus.
11/17/2014
In the first ever ruling relating to taxation of black money stashed in overseas tax havens, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has given the taxman a lot to cheer.
11/14/2014
ATO tightens the net on offshore tax evaders
The Australian Tax Office will soon end an initiative, which temporarily softened penalties for those who haven't declared offshore income, as part of a global crackdown on international tax evasion.
11/14/2014
EU’s Juncker speaks about Luxembourg tax avoidance
The new European Commission President took political responsibility yesterday for Luxembourg’s role in helping global companies to avoid taxes, and Germany urged swift action to fight tax evasion in Europe.
11/14/2014
Gold may be the new Swiss bank: $1 mn of black money = 25 kg of gold
The government is said to be mulling curbs on imports of gold after witnessing two consecutive months of surge in September and October.
11/13/2014
India signs tax info exchange pact with Saint Kitts & Nevis
The agreement was signed by India’s Permanent Representative to the UN Asoke Kumar Mukerji, and his counterpart from Saint Kitts and Nevis Ambassador Delano Frank Bart at the Indian mission here.
11/13/2014
Developing countries to play greater role in OECD/G20 efforts to curb corporate tax avoidance
The BEPS Project aims to create a coherent set of international tax rules to end the erosion of national tax bases and the artificial shifting of profits to jurisdictions solely to avoid paying tax.
11/13/2014
U.S. Tax Update - Practical Aspects For Investment Funds - Deloitte
We are hosting a breakfast briefing on Friday 21 November covering key US tax topics and developments of which investment managers and other corporate service providers should be aware, including the US political environment and other changes to which the
11/12/2014
Danes reveal plans for global crackdown on money laundering, corruption, and tax evasion
The Danish government has announced that it will create a public registry of beneficial ownership information for all Danish companies as part of the widening global crackdown on money laundering, corruption, and tax evasion.
11/12/2014
New Russian tax law to clamp down on offshore tax schemes by Andrew Evans, Field Fisher Waterhouse
Russia is aiming to clamp down on the use of foreign offshore tax shelters in a new tax policy as part of President Putin's "deoffshorisation" campaign which was launched in 2012.
11/12/2014
Absence of criminal legal treaties between India and tax haven nations have been cited by probe agencies working in the SIT on black money as one of the major impediments in initiating steps to bring back illegal funds stashed abroad by Indians.
11/11/2014
Offshore fraud cost likely to mount for Wyly
Mr Wyly, 80, who last appeared on Forbes’ list of the 400 richest Americans in 2010 with a net worth of $1bn, is responsible for about two-thirds of damages and has filed for bankruptcy, saying he cannot afford the SEC’s claim as well as poten
11/11/2014
PwC statement in response to media reports on tax advice in Luxembourg
The recent reports in the media on tax advice in Luxembourg co-ordinated by the International Consortium of Investigative Journalists (ICIJ) are based on partial, incomplete information dating back four years or more, which was illegally obtained.
11/11/2014
Crowe Clark Whitehill acquires businesses of the late Philip Thomas
Mr Thomas was a well-known figure among the Island’s business community and, with a view to his impending retirement, had concluded negotiations with Crowe Clark Whitehill but then sadly became very ill.
11/10/2014
Impact of FATCA on Cayman Islands Entities
This publication provides a brief overview of the expected impact on entities incorporated in the Cayman Islands