Managers of Wealth Offshore

Key tax arrears jump $230m to hit $1.13bn

The data, provided by the Department of Inland Revenue, and based on world tax systems

Brookfield faces allegations of tax avoidance ahead of AGM

Jason Ward, principal analyst at CICTAR in Sydney, questioned whether Brookfield can claim to be a responsible investor.

Opinion: A tax revolution requires caution

The industry has had sufficient obstacles to overcome over the past years

Top 15 Offshore Tax Havens in the World

These havens serve as attractive locations for non-residents who want to minimize or entirely evade tax liabilities without facing any legal complications.

Fiscal consequences of corporate tax avoidance

In principle, as multinationals shift profits to tax havens, this reduces the amount of corporate tax that they pay in their home countries.

Switzerland and Slovenia sign protocol of amendment to double taxation agreement

The protocol implements the minimum standards for double taxation agreements.

The woe of taxing offshore remittances using credit cards

LRS is a provision made by the Reserve Bank of India, allowing Indian residents to send or spend up to $250,000 in a financial year outside the country

Why taxing the world’s biggest companies at 15% won’t fix the gaping hole in global tax rules

Australia’s largest mining companies are notorious for shifting profits to avoid the 30% company tax rate.

BCCEC calls for comprehensive tax reform amid corporate income tax consultations

The current system does not take into account loss-making years and has exhausted cash flow to businesses while hampering their ability to grow and expand by reinvesting in the business.

Minnis blasts government’s “tax crusade”

“On behalf of all Bahamian businesses I am asking, have mercy,” Minnis said.

Real estate faces greatest corporate tax burden rise

It states that the increases will be highest among high-margin industries and businesses because, under a corporate income tax, they will taxed in bottom line earnings and profit margins rather than turnover.

Jersey and Guernsey response to Pillar Two Framework on global tax rates

The Islands will monitor implementation internationally and adapt their implementation of the tax rate accordingly to global developments.

Millions linked with tax evasion allowed to escape Guernsey

Both exposed Guernsey “to the risk of severe reputational damage as an international finance centre,” the GFSC said in a public statement announcing the penalties.

Irish Real Estate Loans - Recent Case Law

These may be Irish real estate loans or corporate loans of a multinational secured over the real estate of the group including Irish land or buildings.

Opposition, OPM clash over corporate income tax

Pintard also argued that the Green Paper puts forward four proposals

Crown Dependencies agree joint approach to global minimum tax rules

Although they will monitor implementation internationally and adapt accordingly to developments which may require adjustments to our own implementation plans.

Government releases Green Paper outlining corporate income tax options

The government aims to gather feedback from stakeholders on these proposals to enhance efficiency, equity, and alignment with global tax developments.

Tax amnesty extended to June 30

Imbert announced this in the Senate on Tuesday morning during the second reading of the Finance (Supplementation and Variation of Appropriation) (Financial Year 2023) Bill, 2023.

Jersey Government to update tax contribution scheme for new high value residents

The minimum tax paid by new high net worth residents will rise to £250,000 a year under the legislation proposed.

Tax refund error: Almost 1,000 people asked to return duplicate cheques

A total of 952 people in Marsaxlokk and 48 other people in Żebbuġ, have received two tax refund cheques