05/22/2014
The Prime Minister of the Bahamas, Perry Christie, has expressed cautious optimism about the future of the financial services sector's place in what he has called a new regulatory "world order" following the adoption of global tax transpare
05/22/2014
Seeking to promptly sort out tax-related issues with India, Cyprus today said it expects to closely co-operate with the Narendra Modi-led government to resolve the matter, which has created "immense obstacles" for investment activities between t
05/21/2014
Case strained Cayman-Australian tax information exchange relations
05/20/2014
Switzerland isn’t the only tax haven feeling the heat from countries that are trying to scrape more revenue by raking in taxes from citizens with undeclared offshore assets.
05/20/2014
Discretion is given to the trustees
05/20/2014
Top American companies including pharmaceutical giant Pfizer Inc. are saving at least $550 billion in taxes by holding profits in overseas tax havens
05/19/2014
In my opinion, the CEO as well as the chairman of the board must go in order to save the bank
05/19/2014
Spain’s onshore reputation and global network double taxation treaties provide Spain with an excellent platform from which to offer international onshore structures.
05/15/2014
This change will mean HMRC “only has to demonstrate the income was taxable and undeclared meaning it will be easier to secure successful prosecutions of offshore tax evaders
05/15/2014
Exempt schemes are private arrangements, which cannot be marketed to the general public and are restricted to having no more than 49 investors.
05/14/2014
SMP Partners - Automatic Exchange of Information
The legislation, regulations and guidance for both the US and UK regimes is complex and many areas of practical implementation are not yet totally clear.
05/14/2014
Hong Kong's tax system needs complete review, institute says
Hong Kong lacks adequate tax laws to handle measures to combat tax evasion implemented by G20 governments,
05/13/2014
Gibraltar Signs Tax Agreement With US
The Minister with responsibility for Financial Services, Albert Isola, signed an Intergovernmental Agreement between the US Government and the Government of Gibraltar at a signing ceremony in the US Embassy in London on Thursday.
05/13/2014
Charges over Cayman Islands tax haven dropped
The charges, which carried jail terms of up to 25 years, were withdrawn by the Commonwealth Director in Sydney Local Court on Tuesday morning.
05/13/2014
The 2012 tax reform, which was approved by the Diet in March 2012, introduced a reporting requirement for offshore assets.
05/12/2014
Swiss bank pays $4.4mn to avoid US tax rap
The agreement is part of a US push to find tax dodgers and punish the banks that help them.
05/09/2014
'Central Asia and Africa may take place of Switzerland and Singapore as offshore banking havens'
They have signed up 47 countries today. there are more to come
05/08/2014
The move is a big step forward for governments that have mounted a concerted attack on evasion in the wake of the global financial crisis and a series of tax scandals.
05/07/2014
Switzerland has a low corporate tax rate to attract foreign firms and it been forced by the European Union to consider revising its corporate tax code
05/05/2014
Swiss Banks Follow The Money To Panama
Swiss banks have also been casting their net in the Latin American state.