09/21/2014
Fighting the $53 billion global tax dodging trends
OECD chief Angel Gurria Saturday handed the G20 recommendations on the biggest changes to international tax rules in more than a century in a bid to tackle corporate tax strategies that are costing countries billions.
09/21/2014
The UK is a 'tax haven', whether we like it or not
Archaic rules mean the world sees us as a tax haven
09/18/2014
OECD pledges fresh offshore tax avoidance clampdown
A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog
09/16/2014
New Double Tax Agreement Between Cyprus And Guernsey
This is the first comprehensive double tax agreement between the two jurisdictions and will come into force once it has been ratified in accordance with their domestic legal procedures.
09/16/2014
At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015
09/14/2014
Bermuda is an ally, not a tax haven
As a small island nation, with a vibrant insurance sector and relatively low tax rates, Bermuda can be a target for political leaders and pundits in the United States.
09/12/2014
Bermuda: Treasury Is Weighing Action on Hedge-Fund Tax ‘Loophole’
The Treasury, in an Aug. 9 letter obtained by Bloomberg News today, told Senate Finance Committee Chairman Ron Wyden that it’s concerned about such arrangements and is weighing legislative and administrative responses.
09/12/2014
Expats Left Frustrated as Banks Cut Services Abroad
Americans living abroad are being cut off by banks and brokerages as financial institutions seek to steer clear of a U.S. crackdown on money laundering and tax evasion.
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.