Managers of Wealth Offshore

Companies find other ways to move offshore and avoid U.S. taxes

Some firms have left the U.S. system not through inversions but through buyouts by investment funds

Tax change could see expats sever ties with UK, expert warns

In this year’s budget, the government announced it would consult on whether entitlement to the UK personal allowance should be restricted for non-residents and how this might be done.

Expatriate Tax Sense or Broad-Brush Overreach: The U.S. Foreign Account Tax Compliance Act

An effort to control tax havens for those hiding their assets overseas has resulted in broad brush impacts on hard-working expatriate Americans living and working out of country.

United States: FATCA’s Impact On Preparing Trusts With Offshore Business or Investment Activities

Its purpose was designed to prevent U.S. taxpayers from "hiding" under the cover of a foreign based entity or trust in evading U.S. income tax and possiblly evading U.S. transfer tax.

Extra $40m disclosed following ATO amnesty on income and assets overseas

A tax amnesty for Australians with income and assets overseas has added almost $40 million in income into the tax system.

Bahamas Confirms Charities To Be VAT Exempt

The Bahamas' Ministry of Finance has clarified that local charities and non-government organizations will be exempt from VAT, and refunds will provide some relief against VAT incurred on inputs in relation to their charitable activities.

UK To Clamp Down On Non- Disclosure Jurisdictions

Investors who move money to non-disclosure jurisdictions will be kept in check by new rules from the UK tax authorities, which plan to make it a criminal offence to evade offshore tax.

HMRC removes some advantages of voluntary disclosure - Withers

The original purpose of the LDF when it was launched back in 2009 was to allow individuals with assets in Liechtenstein and undisclosed tax liabilities to settle those liabilities with HMRC on exceptionally advantageous terms.

Expat campaign over banking rules

UK expats are being encouraged to write to the Competition and Markets Authority over their treatment by onshore banks, which are refusing to allow them to open accounts – or switch existing accounts to those offering better rates.

Osborne goes after offshore evaders

Some £1.5bn has been recovered from offshore tax evaders over the past two years.

Forget About Hiding Money Offshore!

The planning issue for anyone with an offshore undeclared account is framed in the context of penalty avoidance or mitigation

FATCA Intergovernmental Agreement Update

This will allow such not-for-profit entities to be treated the same way under UK FATCA as they are presently under US FATCA and US-Bermuda IGA Annex I VI B 4 j.

Tax Office freezes assets of Perth investor

Four bank accounts in Australia, Paris and Switzerland have also been frozen as part of the ATO’s investigations

Expats urged to review sources of UK income amid tax raid plans

Property owners and pensioners who face losing their personal tax allowances can take steps now to protect themselves, say experts

HMRC says offshore trusts cannot use settlement facility

HMRC announced on Thursday that users of offshore tax avoidance schemes were not eligible for the special rates aimed to encourage taxpayers to come clean over secret foreign bank accounts.

Tax Agreement with Luxembourg comes into force

The Embassy of the Grand Duchy of Luxembourg in London, has now confirmed that Luxembourg has completed its own ratification procedures.

Expat tax changes to trigger rise in Qrops demand

Nigel Green, deVere Group founder and chief executive, warned that should the government introduce these plans a growing number of British expats are likely to “sever financial ties with the UK”.

Mexico more tax compliant than Jersey, says OECD

The Organization for Economic Cooperation and Development issued compliance ratings for 10 jurisdictions as part of its ongoing ‘Phase Two Peer Review’ reports.

Lawsuit claims FATCA “unconstitutional”

The lawsuit is accompanied by a complaint to the United Nations that FATCA violates fundamental human rights

No influx of European wealth for Singapore

Singapore has grown rapidly by assets under management as wealthy entrepreneurs from the region, especially southeast Asia, have started to use private banks.