Managers of Wealth Offshore

France clears Bermuda, Jersey on tax fraud cooperation

France has removed Bermuda and Jersey from a list of states that are uncooperative in efforts to combat tax fraud

Liechtenstein, Austria Hail Tax Deal "A Success"

Liechtenstein's Prime Minister and Finance Minister Adrian Hasler has recently held talks in Vienna with Austria's Vice Chancellor and Finance Minister Michael Spindelegger

Meretz petitions Tax Authority on PM's offshore account

Opposition MKs took action in response to reports that Prime Minister Binyamin Netanyahu maintained an offshore account in Jersey, a tax haven, while he was finance minister.

Russia may reach for offshore assets with help of OECD

Russia could see a windfall of up to $6 billion in extra taxes if the government passes a bill to ratify OECD tax convention.

PwC launches Intergovernmental agreement monitor

The expected wave of intergovernmental agreements (IGAs) implementing the tax reporting and withholding procedures commonly associated with the Foreign Account Tax Compliance Act (FATCA) has begun.

US banks’ challenge to tax info exchange fails

Judge: Reciprocity needed to fight offshore tax evasion

US Court upholds offshore tax avoidance rules

The DOJ said on Jan. 13 that the Florida Bankers Association and Texas Bankers Association had challenged the 2012 amendments to the Department of the Treasury’s interest-reporting regulations.

France says 11,000 declare hidden bank accounts

Cazaneuve told lawmakers today that 11,000 people had applied to take advantage of the offer and this represents "potential revenue of more than one billion euros" for the French state.

Revenue clampdown on offshore trusts pays off

HMRC stepped up its attack on banks and other businesses that paid salaries and bonuses through trusts, ratcheting up an extra compliance bill for the 770 companies in the large business sector by 160 per cent to £533m in the year to April 2013.

Overseas Tax Havens Toppled By IRS

Some of the world’s most notorious secret account havens have agreed to give information about U.S. taxpayers to the Internal Revenue Service.

Offshore Act aims to tackle tax fraud in Bulgaria - report

Although this act is likely to further deteriorate FDI performance in the short term, it will undoubtedly improve Bulgaria's global investment climate in the long run, Global Risks Insights reports.

UK think tank: Bermuda still a tax haven

Bermuda has a “long way to go” before it cannot be considered a tax haven

Anguilla Signs 'FATCA-type' agreement on exchange of tax information with the UK

The agreement was signed on behalf of the Government of Anguilla by Honourable Chief Minister and Minister of Finance, Mr Hubert B. Hughes and UK’s Exchequer Secretary to the Treasury, David Gauke.

South Dakota Dubbed ‘Bermuda of the Prairies’

The state altered its tax laws to end the duration of a trust to the lifetime of a living heir

Gibraltar QROPS denial a waste of time and effort

The pension and investments specialist said the effort that HMRC is wasting on its delayed acceptance of the jurisdiction is to ‘no useful purpose’.

Firms 'use offshore trusts to pay huge bonuses'

Revenue launches crackdown on tax-free 'bullet loans' to staff

Cyprus may no longer be a tax haven for funds

New Delhi made clear its displeasure with Cyprus for not providing information on tax evaders under the agreement between the two countries for avoidance of double taxation of income and prevention of tax evasion in force since 1994.

France to remove Jersey, Bermuda from tax-haven blacklist

"As of today, Bermuda and Jersey have satisfied all of France's requests for information, which will enable them to avoid reprisals contained in the law," the ministry said in a statement on its website.

Tax Information Exchange – Where Are We Now? - Maples and Calder

Since the financial crisis there has been a marked acceleration in the number and scale of initiatives designed to enable states to get information about income its taxpayers earn abroad.

India, San Marino sign bilateral tax treaty

The agreement is based on international standard of transparency and exchange of information and provides for exchange of information that is relevant to the administration and enforcement of the domestic tax laws.