08/14/2014
Nigel Green, deVere Group founder and chief executive, warned that should the government introduce these plans a growing number of British expats are likely to “sever financial ties with the UK”.
08/14/2014
The Organization for Economic Cooperation and Development issued compliance ratings for 10 jurisdictions as part of its ongoing ‘Phase Two Peer Review’ reports.
08/13/2014
The lawsuit is accompanied by a complaint to the United Nations that FATCA violates fundamental human rights
08/11/2014
Singapore has grown rapidly by assets under management as wealthy entrepreneurs from the region, especially southeast Asia, have started to use private banks.
08/11/2014
Australian authorities had made four requests for information to determine the beneficial owners of two Cayman-domiciled companies
08/10/2014
Two additional bills aimed at turning the sales tax (IVI) into a value-added tax and another bill to revamp the income tax scales will be delayed until 2016, ruling party lawmaker Otton Solis told Bloomberg.
08/08/2014
The reputation of many jurisdictions, or so called ‘tax havens’, has been attacked by other nations, most which fail to apply the same policies that they advocate for others.
08/05/2014
As many as eight major U.S. companies have recently announced deals that would see them merge with smaller companies overseas and use the transactions to reorganize as non-U.S. entities.
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.