09/11/2014
FATCA responsible officer function obsolete for Cayman funds
Outsourcing the responsible officer (RO) function under the Foreign Account Tax Compliance Act (FATCA) offers limited value to Cayman-Islands’ domiciled fund managers.
09/11/2014
US tax haven Delaware under pressure
That has now put Delaware, and other states that permit shell companies, in the sights of the US authorities, after they have campaigned against international tax havens like Switzerland to fight tax dodging and money laundering.
09/11/2014
Minister’s offshore business to be re-investigated
The finance department has asked the FTA for support in the process.
09/10/2014
Biggest tax inverters ‘have $21bn offshore’
The tax benefits include lower-cost access to existing offshore cash and to future non-US earnings.
09/09/2014
The DTA between Cyprus and United Arab Emirates took effect on 1 January 2014
09/08/2014
The Al Franken campaign released a new TV ad entitled “Bermuda”, with Democratic Senator Al Franken accusing his Republican opponent Mike McFadden’ business of “exploiting a Bermuda tax haven to avoid paying millions in U.S. taxes.
09/08/2014
The Commodity Futures Trading Commission is wary of banks invoking guarantees on foreign swap deals, and is taking steps to scrutinize such activity
09/08/2014
Mayberry Investments Ltd (MIL) is seeking to educate its clients about the recently introduced FATCA legislation.
09/07/2014
It also has committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list.
09/07/2014
Cayman Islands may be widely known as a 'tax haven' and a major route for overseas investment flows, but India has surprisingly emerged as a top destination of 'worker remittances' from that British Overseas Territory.
09/05/2014
Under current rules, expats are able to offset income earned in Britain against tax.
09/05/2014
Dutch bank ABN AMRO has criticized a new report, The Fair Banking Guide, published by the Dutch BankWiser after an investigation into international tax avoidance in the Dutch banking sector.
09/05/2014
The Government of the Republic of Mauritius (Government of Mauritius) has ratified double taxation agreements (DTA) with Guernsey and several African countries.
09/05/2014
The Isle of Man has now signed 42 agreements which meet OECD standards
09/04/2014
The country becomes the 46th jurisdiction to join the initiative launched by the G5.
09/04/2014
The Indian government’s bid to unearth black money stashed away in hidden offshore accounts is starting to pay off.
09/04/2014
G20 must halt global game of tax avoidance by fighting anonymous shell companies and tax havens
Mention financial secrecy at the dinner table ten years ago and you would most likely have been greeted with a blank stare.
09/04/2014
Seven Dutch financial institutions may be involved in evading taxes and are ‘extremely vague’ about what they do to ensure this does not happen, the Dutch Fair Bank Guide said on Wednesday.
09/04/2014
Treasurer Joe Hockey has said the Australian government will look to the G20 group of nations and the OECD to join the hunt for multinational businesses engaging in transfer pricing and other tax reduction schemes.
09/03/2014
Finnish tax authorities were taken aback last spring when dozens of Finns with assets stored in Swiss bank accounts requested corrections to their tax data to reflect undeclared income.