07/03/2014
Australia is to chair the G20 leader's summit in Brisbane in November and Prime Minister Tony Abbott and Treasurer Joe Hockey have put on the agenda discussion of tax evasion and profit shifting.
07/02/2014
A global crackdown on offshore tax havens following the financial crisis and a 2008 wrangle with Germany over stolen bank data have forced the principality to come clean over its tax policies
07/02/2014
FACTA imposes due diligence, information reporting and control obligations on non-US financial institutions for certain US persons who maintain relationships with these institutions.
07/01/2014
Offshore Crackdown Kicks Off With 30 Percent Penalties for Banks
The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector.
07/01/2014
FATCA will provide an effective framework for our institutions and regulators
07/01/2014
The BVI Government released a statement (30 June 2014) confirming that it has signed a Model 1B (non-reciprocal) Intergovernmental Agreement (IGA) in relation to the US Foreign Account Tax Compliance Act (FATCA).
07/01/2014
The BVI Government has signed a Model 1B (non-reciprocal) Intergovernmental Agreement (IGA) in relation to the US Foreign Account Tax Compliance Act (FATCA), it was announced on 30 June 2014.
06/30/2014
Bermuda to France: What’s the problem?
06/30/2014
The ATO is targeting families whose predecessors may have shifted money offshore years ago
06/30/2014
The US Treasury has spent much of the past several years pressing the issue on some of the world's most powerful and secret banking centers with threats of punitive action if they do not join in.
06/29/2014
Around 160 individuals have already come forward as part of the amnesty program
06/29/2014
As shown by recent headlines, the pressure is mounting on individuals who have yet to come into compliance with their reporting obligations concerning undisclosed offshore accounts.
06/27/2014
The Non-Resident Landlords Scheme is a scheme for dealing with the UK taxation of UK rental income of individuals, companies and trusts that are not resident in the UK.
06/27/2014
Struggling to emerge from an almost decade-long economic slump, the Puerto Rican government signed a law in early 2012 that creates a tax haven for U.S. citizens.
06/26/2014
The Government hopes to keep expenditure stable
06/26/2014
The bill now passes from the upper house of parliament to President Vladimir Putin
06/25/2014
It does not apply to tolls, duties or similar payments upon crossing the Panama Canal
06/25/2014
FATCA has served as a catalyst for other developments in the area of transparency and exchange of information
06/24/2014
Isle of Jersey Eyes Bitcoin, But Will it be Perverted for Tax Evasion?
Tiny UK island wants to take advantage of increasingly popular cryptocurrency
06/24/2014
An Offshore Tax Haven Plans to Become the World's First Bitcoin Island
While many places around the world want nothing to do with Bitcoin, some locales are trying hard to make the cryptocurrency happen, not just in the murky international waters of cyberspace or the confines of a student-fuelled experiment, but as a real loc