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.
09/05/2014
The Government of the Republic of Mauritius (Government of Mauritius) has ratified double taxation agreements (DTA) with Guernsey and several African countries.
09/05/2014
The Isle of Man has now signed 42 agreements which meet OECD standards
09/04/2014
The country becomes the 46th jurisdiction to join the initiative launched by the G5.
09/04/2014
The Indian government’s bid to unearth black money stashed away in hidden offshore accounts is starting to pay off.
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.