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.
08/15/2014
The Embassy of the Grand Duchy of Luxembourg in London, has now confirmed that Luxembourg has completed its own ratification procedures.
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.