Managers of Wealth Offshore

Remarkable international progress in fight against tax evasion and corporate avoidance

There has been remarkable progress in the fight against tax evasion and corporate avoidance in the past eighteen months.

U.K. Government Urged to Probe Alliance Boots Over Tax Affairs

They contend that the company avoided paying at least 1.12 billion pounds through interest deductions over six years, reducing its U.K. corporate tax bill by 95 percent.

Guernsey set to join OECD’s top club in fight against tax evasion

The OECD and the Council of Europe's Multilateral Convention on Mutual Administrative Assistance in Tax Matters will be effective in Guernsey from the start of August.

54% Of Offshore Profits Held In 12 Tax Havens, Study Says

A majority of American corporations’ offshore profits are held in 12 tax havens, according to a study published Tuesday.

Foreign Account Tax Compliance Act (FATCA) Enforcement Delayed

This period is being called a “transition period” as it will ease the anxiety that the law has caused to the foreign institutions and take the pressure off

Swiss to hand HMRC tax ‘hit list’

The Swiss Government is poised to pass HMRC a "hit list" of ten nations where holders of Swiss bank accounts siphon their money to.

Credit Suisse: Remaining ‘hit list’ banks sweat over US verdict

The question remains if any other Swiss bank will suffer the same fate as Wegelin, that was forced to dissolve after being convicted by a criminal court at the beginning of 2013.

Bahamas: 'Winners And Losers' Create Tax Dilemma

The study was extremely blunt on this issue

St Kitts and Nevis to Sign Tax Information Agreements With Ireland, South Africa

Those negotiation exercises have since been completed leading to the creation of draft agreements waiting to be signed

St Kitts and Nevis to Sign Tax Information Agreements With Ireland, South Africa

Those negotiation exercises have since been completed leading to the creation of draft agreements waiting to be signed

Strength of Jersey Foundation and Trust structures for philanthropy highlighted to London delegates

The event, entitled 'A World of Opportunity', drew an audience of around 300 private client lawyers, accountants and advisor

It is getting harder to hide money from Uncle Sam offshore

Wealthy Americans used to have no shortage of places to hide their assets from tax collectors

Bahamas Hopes For Fatca Nod This Week

Bahamian financial institutions had been invited to register with the IRS Portal to receive a Global Intermediary Identification Number by May 5, 2014

Bahamas Will Prosper In New Tax Transparency Environment

The Prime Minister of the Bahamas, Perry Christie, has expressed cautious optimism about the future of the financial services sector's place in what he has called a new regulatory "world order" following the adoption of global tax transpare

Cyprus pins hopes on new government for resolving tax issues

Seeking to promptly sort out tax-related issues with India, Cyprus today said it expects to closely co-operate with the Narendra Modi-led government to resolve the matter, which has created "immense obstacles" for investment activities between t

Australian authorities drop Cayman tax evasion charges

Case strained Cayman-Australian tax information exchange relations

Tax Havens Feeling the Heat From Tax Collectors

Switzerland isn’t the only tax haven feeling the heat from countries that are trying to scrape more revenue by raking in taxes from citizens with undeclared offshore assets.

Offshore Discretionary Trusts: SC Clarifies Taxation Rules

Discretion is given to the trustees

Pfizer, other companies accused of dodging taxes

Top American companies including pharmaceutical giant Pfizer Inc. are saving at least $550 billion in taxes by holding profits in overseas tax havens

Credit Suisse CEO faces more calls to quit in U.S. tax dispute

In my opinion, the CEO as well as the chairman of the board must go in order to save the bank