Managers of Wealth Offshore

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.

ITAT ruling gives a boost to black money fight

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.

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.

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.

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.

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.

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.

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

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.

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.

India: Absence of treaties with tax havens blocking black money fight

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.

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

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.

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.

Impact of FATCA on Cayman Islands Entities

This publication provides a brief overview of the expected impact on entities incorporated in the Cayman Islands

PE Panorama: Name and shame time

The Luxembourg officials and advisers quoted insist that such deals are fully legal

Tax probe judge had account with offshore scandal bank - claim

Ex-ministers among figures named in Ansbacher dossier

Singapore will implement a global agreement on swapping tax information

Singapore will implement a global agreement on swapping tax information, aimed at ending offshore tax evasion, by 2018, provided certain conditions are met

Deloitte Guernsey Tax Bulletin: Common Reporting Standard

The Global Forum on Transparency and Exchange of Information for Tax Purposes, where the Multilateral Competent Authority Agreement (‘MCAA’) was signed, was attended by 39 ministers, constituting the largest gathering of ministers to take join

Swiss authorities agree to hand over non-HSBC details

Over the past few years, the Indian government has been dispatching a number of requests to the Swiss authorities arising from either search operations done by the Income Tax department or information received on holdings of Indians in Switzerland from th