Managers of Wealth Offshore

Tax havens: why urgent action is needed

The EIB countered that the country did not feature on the OECD black list of secretive jurisdictions when it closed the contract on the project in 2012

Capital Flight In Latin America

From 1970 to 2011, US$2 trillion from Latin America and the Caribbean have been funneled to offshore tax havens. It’s money that moves behind the scenes, in illicit financial flows (IFF).

Switzerland's First Tax Info Exchange Pacts To Take Effect

Switzerland's tax information exchange agreements (TIEAs) with Jersey, Guernsey, and the Isle of Man have entered into force and will be effective from January 1, 2015.

Offshore Voluntary Disclosures: To Certify or Not to Certify

Taxpayers with undisclosed foreign assets face an even greater risk of detection than ever before.

Labuan not fully exempted from GST

Labuan, which enjoys duty free status, will not be fully exempted from implementation of the Goods and Services Tax in April next year.

Tougher disclosure rules for offshore accounts held by 'non-doms' once single tax reporting standard in force

Jason Collins of Pinsent Masons, the law firm behind Out-Law.com, was commenting as 51 countries signed an agreement that will activate the Common Reporting Standard for automatic exchange of financial account information in tax matters

Russia approves law to clamp down on offshore tax sheltering

The new law would introduce modifications to the tax code that will force Russian owners of companies based abroad to pay taxes in Russia.

Swiss Financial Regulator Pledges Crackdown on Individuals

Switzerland’s financial services watchdog pledged to crack down on individuals suspected of misconduct, abandoning what the regulator has called a historical “reluctance” to target people rather than institutions.

Cameron vows to clamp down on companies that funnel billions into offshore tax havens

Companies which exploit loopholes to avoid paying tax in Britain will be made to ‘damn well pay

Black money case fallout: India pulls out of multilateral information sharing agreement

Government sources said that India was unable to sign the pact as there was uncertainty about disclosures and lack of clarity

Are offshore structures still advantageous in 2014?

Although in the past eight years or so, various UK Governments have introduced legislation which has withdrawn some of the previously available tax advantages of such structures, they remain valuable tax planning vehicles in the right circumstances.

51 Nations Swap Offshore Account & Tax Data, FATCA On Steriods

A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.

Jersey Finance welcomes Jersey’s participation in ‘early adopters’ signing ceremony in Berlin

Jersey’s participation in a signing ceremony involving leaders and finance ministers of 51 countries and jurisdictions reflects its ongoing commitment to international cooperation and the highest standards of transparency, according to Jersey Financ

Channel Islands sign tax agreement

Guernsey and Jersey have signed a multilateral competent authority agreement, which takes a further step toward the implementation of a new single global standard for automatic exchange of taxpayer information.

Switzerland, India Differ On Bank Account Disclosures

A Swiss official says there is a disagreement with the Indian government as to 'what exactly will have to be disclosed'

Government of The Bahamas Selects Tyler Technologies’ iasWorld Appraisal and Tax Solution

The Bahamas conducted a competitive review looking for an efficient appraisal and tax solution that would support the government’s use of modern technology to improve its property tax administration and collection processes while reducing manual wor

Gilbratar Joins Landmark Tax Transparency Drive

Gibraltar will today sign an international agreement with at least 45 other countries to swap tax information automatically with each other from 2017.

Bank-Data Sharing Accord Expands Push to Find Tax Cheats

The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs

Bank-Data Sharing Accord Expands Push to Find Tax Cheats

Narendra Modi Government Submits 'Black Money' List With Over 600 Names To Top Indian Court

Several activists have alleged that the income derived from India’s flourishing black money economy is used to fund election campaigns of a number of politicians.