Managers of Wealth Offshore

ESG Tax reporting in Malta

Beate Orlova, ESG Tax Lead, KPMG in Malta

Corporate tax revenue could be large – but also inconsistent

The concept proposed by the Organisation for Economic Cooperation and Development delineates a more harmonious solution.

Tax Justice Network’s Cross-Border Tax Abuse Estimates Riddled With Old Errors

Its claim that private and corporate cross-border tax abuse amount to $4.7 trillion over the next decade remains almost unchanged compared to two years ago.

VAT’s $350m gap causes ‘challenge’

A repeat performance would take full-year VAT revenues to just over $1.242bn for the 2022-2023 full-year, some $170m short of target.

TMF Group strengthens its presence in Malta by acquiring Avanzia Taxand Limited

The acquisition marks a significant step for TMF Group, strengthening and widening its presence in Malta and southern Europe.

Tax collection, uncertain revenues among issues facing Government

This is because corporate taxes would be determined by companies’ profitability, not by payroll tax on employees’ salaries.

Bermuda tops no income tax list

The list follows on with Monaco at number two and Cayman Islands at number three.

UN squares off against OECD over global tax

It could mean a showdown between the two bodies for the reins of authority in international tax leadership.

Bermuda Considers Introducing Corporate Income Tax on Multi-National Enterprises

Bermuda’s proposed corporate income tax on MNEs signifies a transformative moment in its tax policy.

Tax: the homes, the companies and the offshore havens

In terms of tax havens where companies are currently buying up property, the Cayman Islands tops the list.

‘Don’t price ourselves out’ on corporate income tax

This, Mr Morley argued, means The Bahamas must be wary if it ultimately chooses to impose a corporate income tax on net profits

Government of Bermuda Consulting on Possible Introduction of Corporate Income Tax

Taxes paid under the proposed Bermuda corporate income tax regime would be those that would otherwise be payable to other jurisdictions under the OECD global minimum tax framework.

‘Burden cannot be heavier with corporate income tax’

The options detailed in the Government’s ‘green paper’ would eliminate the Business Licence fee for most, if not all, companies operating in the domestic economy

UK campaign group lists Jersey among 72 tax havens

Jersey, Guernsey, the Isle of Man and Ireland were included on the list, which considers factors such as ‘secrecy’, ‘harmful tax incentives’, and ‘unco-operative jurisdictions’.

Bermuda launches consultation to consider introduction of OECD's Pillar Two Framework

As part of an initial public consultation period, the Government has issued a public consultation paper to get public feedback on its current considerations in response to the OECD Pillar Two initiative, based on all of the advice received to date.

Tax planning for female football players

Clearly, the important thing is to allow the players to focus on what is important

VAT recovery on the disposal of shares

The focus on VAT recovery on deal fees is often on the buy-side, with the acquiring vehicle not always able to reclaim VAT on significant professional and legal fees incurred in making the purchase.

Bermuda corporation tax rate could be between 9% and 15%

The launch of a consultation on a corporate income tax was announced yesterday by Bermuda Premier David Burt.

BVI next? Bermuda explores new tax law for financial services sector

The Bermudan government is looking to implement the law in 2025 after it concludes a series of public consultations within its community.

Bermuda mulls hitting reinsurers with corporation tax

The taxes paid under the proposed Bermuda corporate income tax regime would be those which would be payable to other jurisdictions under the global minimum tax framework.