04/07/2014
Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York state’s top financial regulator requested documents from the Swiss bank.
04/04/2014
WATCH out. The Australian Taxation Office is on an offshore treasure hunt, and it’s coming after you. That is, it’s coming after you if you happen to have earned some offshore income, or own foreign assets, which you have failed to report in p
04/02/2014
The Bahamas is aiming to finalise its Foreign Account Tax Compliance Act inter-governmental agreement with the US next week
03/31/2014
International efforts to combat tax avoidance got a boost today as OECD broadens dialogue with global partners
Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing.
03/27/2014
MPs tell Barclays' tax haven to get out of Africa
Thirteen MPs have tabled an early day motion condemning the "negative impact" of Barclays' offshore tax avoidance in Africa.
03/25/2014
As part of a plea agreement, an ex-Credit Suisse banker recently disclosed how U.S. customers avoided offshore account disclosure requirements.
03/25/2014
The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints
03/25/2014
The Department of Justice, confirmed it has charged 35 Swiss bankers and 25 financial advisors with helping U.S. Taxpayers hide their undisclosed overseas accounts, but has not yet sought their extradition to the United States.
03/25/2014
The Bahamas needs to position itself as a ‘low tax’ jurisdiction to access potential benefits from tax and investment treaties with other countries.
03/24/2014
A tax information exchange agreement is an agreement between two jurisdictions that sets the basis for co-operation between those jurisdictions by way of mutual exchange of information to assist both civil and criminal tax investigations.
03/24/2014
Three Caribbean-based men who helped Americans hide assets from U.S. tax authorities were charged in a sting operation with laundering what they were told was dirty money.
03/20/2014
The new agreement is based on the Organisation for Economic Cooperation and Development Model Tax Convention and provides for the exchange of information in accordance with the relevant articles thereof. The agreement will take effect once it has been rat
03/19/2014
A provision buried in the budget has lifted the threat that offshore funds will lose their favourable tax treatment.
03/18/2014
The deputy finance minister added Russia’s “reaction to the initiative will be positive, Russia will participate in the negotiations and will enter into agreements."
03/18/2014
Economiesuisse also said that limiting cash payments is both unnecessary and arbitrary
03/17/2014
As Canadians dutifully file personal income tax returns during the coming weeks, consider this: many profitable companies pay little or no tax.
03/17/2014
In her article, Stacy-Ann Maharaj discusses how financial institutions in Bermuda
03/17/2014
The BVI is now party to 25 TIEAs.
03/14/2014
Jersey and the Kingdom of Belgium signed a tax information exchange agreement at the Residence of the Ambassador for the Kingdom in London today
03/14/2014
$50K delivered to your door: a convenience of (illegal) offshore banking
The rich are not like the rest of us, and neither are their offshore bankers.