08/05/2014
With the release of the latest batch of reviews, the Global Forum has now completed 143 peer reviews and assigned compliance ratings to 64 jurisdictions that have undergone Phase 2 reviews.
08/05/2014
The provisions of the conventions are the same as for most similar documents, which are that a company affiliate’s profits are subject to taxation in the country of location.
08/05/2014
The attraction to the contractor in using an offshore payment intermediary is easy to understand
08/04/2014
Republican gubernatorial candidate Bruce Rauner funneled part of his wealth to a Caribbean territory long considered a tax haven, a business practice the venture capitalist defended on Sunday, stressing there was no impact on his personal tax rate.
08/03/2014
The Foreign Account Tax Compliance Act (“FATCA”) was enacted in response to concerns that US taxpayers were avoiding US tax by using offshore financial institutions to hide assets and avoid reporting income.
08/01/2014
On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.
07/31/2014
Another significant reason is that ownership remains confidential
07/31/2014
Ray McCann, partner (non-lawyer) at Pinsent Masons, said HMRC was allowing anxieties to “swell up” over how far it would go, adding that it was possible the body could eventually target offshore bonds.
07/30/2014
The country - which consists of more than 700 tiny islands - offers an excellent standard of living as well as 0 per cent tax on personal earnings.
07/30/2014
While the Budget attempts to operate under the guise of flexibility, there will be a couple of inevitable terms that could potentially make the idea of drawing the whole fund in one go a lot less appealing.
07/29/2014
Plans to disallow UK non-residents from benefiting from the personal allowance could mean those who work abroad for their companies are “significantly worse off
07/27/2014
Billionaire investor Threatens To Dump Companies That Move Offshore
The Mavericks owner is known for his loud and sometimes distasteful comments.
07/27/2014
According to the Seychelles foreign affairs ministry the agreement was signed in New York between the Seychelles Ambassador to the United Nations, Marie-Louise Potter and her Singaporean counterpart, Karen Tan on July 9.
07/25/2014
Obama blasts US firms for 'magically becoming Irish' in controversial tax switches
US President Barack Obama has blasted American multinationals that move to Ireland to cut their tax bill.
07/25/2014
Finance Minister Peter Phillips yesterday blamed tax avoidance and evasion as major contributors to Jamaica's debt problems.
07/23/2014
BVI publishes draft FATCA Guidance Notes
In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.
07/23/2014
Taxes charged by governments are a lot like consumer prices charged by retailers.
07/21/2014
The VAT was proposed by the government last month
07/21/2014
New single global standard for the automatic exchange of information between key authorities worldwide
07/20/2014
Fundamental changes to the international tax environment are set to provide both challenges and opportunities to businesses in the financial services sector.