Managers of Wealth Offshore

Lawmakers Re-introduce Bill to Curb Offshore Tax Havens

A pair of Democratic lawmakers in the House and Senate have re-introduced legislation aimed at preventing the abuse of offshore tax havens by multinational companies.

Billionaire water boss in the spotlight

Northumbrian Water bosses have defended the company against allegations its billionaire foreign owner has used a legal tax loophole to boost profits.

Swiss citizens come clean on tax cheats

A total of 15,039 Swiss residents have filed voluntary disclosures since the government introduced an amnesty

Switzerland, Italy Treaty Announcement 'Imminent'

The program also establishes a deadline of 60 days from its entry into force on March 2, 2015, for countries that have not yet signed tax treaties with Italy to do so, to enable the exchange of tax information, or risk inclusion on its "black list.&a

Pensions – is the lure of distant shores fading? by Gary Heynes & Lesley Fidler

British expatriates have always been able to enjoy additional pensions freedom by moving their pension funds out of the UK under the Qualifying Recognised Overseas Pension Schemes (QROPS). But now HMRC is reviewing QROPS as a result of the 2014 pensions c

Cyprus: 3 more tax treaties as of January 1, 2015

It is worth noting that each treaty contains an article providing for the exchange of information

Legal twist to info exchange

Barbados appears to be moving into full financial information-sharing mode as the world’s most powerful countries put their foot down on tax evasion.

HMRC Confirms QROPS Changes Are On The Way

HM Revenue & Customs has indicated a review is under way of the complicated rules that an offshore pension has to meet to become a QROPS.

There is at least $21tn stashed away in tax havens

Mr Henry said his $21tn is actually a conservative figure and the true scale could be $32tn. A trillion is 1,000 billion.

Taxing times

Businesses in the island’s vital financial services are gearing up for ‘substantial changes’ dealing with tax.

Cyprus and US sign FATCA IGA

Cyprus has signed a Model 1 IGA containing a most favoured nation provision which provides that any more favourable terms negotiated under another country's IGA will automatically be applicable to Cyprus.

Vatican Bank Joins 100 Nations In FATCA Offshore Account Hunt

In his annual Christmas messages to more than one billion Catholics, the Pope may have left out something: offshore account compliance.

South Africa urged to finalise renegotation of Mauritius tax treaty

South African investors have used Mauritius as a vehicle for investing in other countries with which Mauritius has beneficial double taxation treaties.

Netherlands, Curacao To Avoid Double Taxation From 2016

The Dutch Ministry of Finance announced that a new regulation for the avoidance of double taxation between the Netherlands and Curacao is expected to be effective beginning 1 January 2016.

Jersey Tax Bulletin December 2014 - Deloitte

Updated Crown Dependency FATCA Guidance Notes

German state buys tax CD containing Swiss bank client data - paper

The clients each have accounts containing up to 5 million euros at the unidentified bank, the newspaper said, adding that NRW tax investigators were currently analysing the data.

IRS Issues John Doe Summons To FedEx, DHL, UPS, HSBC In Massive Offshore Account Hunt

They include Western Union Financial Services Inc., the Federal Reserve Bank of New York, Clearing House Payments Company LLC, and HSBC USA.cc

Seminar advises on raft of UK tax changes

More than 200 financial services professionals filled the Sanderson Suite of the Claremont Hotel to hear of substantial changes in the local and international tax environment.

Cyprus signs agreement with United States under FATCA

On December 2 2014 the Cypriot finance minister and the US ambassador to Cyprus formally signed the intergovernmental agreement between Cyprus and the United States under the Foreign Account Tax Compliance Act.

Govt renegotiating tax treaties to curb illicit wealth flows

The comments come at a time when the Supreme Court- constituted Special Investigation Team (SIT) has detected funds