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.
09/02/2014
Time running out to own up to tax avoidance
Expats who have failed to pay their taxes may find the attractive option of using the Liechtenstein Disclosure Facility blocked, thanks to changes made to it recently.
08/31/2014
Some firms have left the U.S. system not through inversions but through buyouts by investment funds
08/28/2014
In this year’s budget, the government announced it would consult on whether entitlement to the UK personal allowance should be restricted for non-residents and how this might be done.
08/28/2014
An effort to control tax havens for those hiding their assets overseas has resulted in broad brush impacts on hard-working expatriate Americans living and working out of country.
08/26/2014
United States: FATCA’s Impact On Preparing Trusts With Offshore Business or Investment Activities
Its purpose was designed to prevent U.S. taxpayers from "hiding" under the cover of a foreign based entity or trust in evading U.S. income tax and possiblly evading U.S. transfer tax.
08/25/2014
A tax amnesty for Australians with income and assets overseas has added almost $40 million in income into the tax system.
08/25/2014
The Bahamas' Ministry of Finance has clarified that local charities and non-government organizations will be exempt from VAT, and refunds will provide some relief against VAT incurred on inputs in relation to their charitable activities.
08/21/2014
Investors who move money to non-disclosure jurisdictions will be kept in check by new rules from the UK tax authorities, which plan to make it a criminal offence to evade offshore tax.
08/21/2014
The original purpose of the LDF when it was launched back in 2009 was to allow individuals with assets in Liechtenstein and undisclosed tax liabilities to settle those liabilities with HMRC on exceptionally advantageous terms.
08/21/2014
UK expats are being encouraged to write to the Competition and Markets Authority over their treatment by onshore banks, which are refusing to allow them to open accounts – or switch existing accounts to those offering better rates.
08/19/2014
Some £1.5bn has been recovered from offshore tax evaders over the past two years.
08/19/2014
The planning issue for anyone with an offshore undeclared account is framed in the context of penalty avoidance or mitigation
08/19/2014
This will allow such not-for-profit entities to be treated the same way under UK FATCA as they are presently under US FATCA and US-Bermuda IGA Annex I VI B 4 j.
08/18/2014
Four bank accounts in Australia, Paris and Switzerland have also been frozen as part of the ATO’s investigations
08/17/2014
Property owners and pensioners who face losing their personal tax allowances can take steps now to protect themselves, say experts
08/15/2014
HMRC says offshore trusts cannot use settlement facility
HMRC announced on Thursday that users of offshore tax avoidance schemes were not eligible for the special rates aimed to encourage taxpayers to come clean over secret foreign bank accounts.