Managers of Wealth Offshore

EU adding Bahamas to tax-haven blacklist

Meanwhile, nine more countries that were already designated are staying on the register, which is to be rubber-stamped by EU finance ministers without further discussion on 4 October.

Businesses with tax haven links ‘won one in six’ public procurement contracts

Labour says ‘Tory procurement racket’ results in ‘billions of taxpayers’ money handed to offshore cronies’

Truss vows ‘decade of dynamism’ in hint at more tax cuts

The Prime Minister and Chancellor Kwasi Kwarteng defended their controversial raft of tax cuts amid accusations they mainly benefit the rich.

Taxes and travel, a combination affecting Caribbean tourism

Fernandez made his position known as he participated in a panel on “Multi-Destination Tourism” as part of the Caribbean Tourism Organisation (CTO) Business Meetings and Caribbean Aviation Day conference held last week.

Ireland remains 'hub' of tax avoidance, says Dutch MEP ahead of visit to Dublin

Tang will lead a delegation of MEPs to Dublin this week to speak with senior civil servants on Ireland’s tax regime.

EU committee looks for renewed commitment from Ireland to 15% corporate tax rate

Dutch MEP Paul Tang and five other MEPs are due to arrive in Dublin tomorrow.

Offshore tax amnesty: People asked to disclose money to banks

The banks concerned will issue a certificate to the taxpayers stating the amount of paid tax and disclosed amount.

Barbados explains its aviation taxes amid warning about high fees in the Caribbean

Cummins said that Barbados has an airport service charge that goes towards marketing the destination internationally.

Gov’t: Inflation did not drive VAT revenue rise

Tribune Business calculations showed that the latter percentage was equal to an $84.15m revenue increase year-over-year

No word on tax cut for reinsurers

Rating analysts have reported they were told a corporate tax break may be a way of mitigating the effects of the proposed international tax requirement.

Law firms urged to pay almost $3m in unpaid taxes

As reported earlier on Bermuda Real, in a letter dated August 10, 2022, the Tax Commissioner said that 59 out of 82 — or 72 per cent of — registered taxpayers in the legal services sector had outstanding debt.

Tax avoidance is increasingly damaging developing economies, says TIPS

The tax has also been used by the State to finance research and development, as well as marketing of sugar, leading Mauritius to become one of the most efficient sugar producers globally.

Bermuda looks on as UK urged to rethink fast-tracking OECD tax deal

But the deal – which consists of a digital tax and a minimum 15 percent levy on corporate profits – is struggling to make progress at a domestic level despite 136 nations committing to it in October 2021.

Government may consider tax cuts for reinsurers

A hybrid re/insurance model has become a key strategy as Bermudians seek to diversify away from volatility in their underwriting books.

United States: International Tax Concepts: Dual-Status Taxpayers

Dual status, as used here, does not imply citizenship.

Tax Italy, tax evasion under 100 billion

Drones to envy phantom properties

Ireland suspends non-registration penalties for UK trustees until registration is simplified

The initial deadline date to register details of the beneficial ownership of a trust on the CRBOT was 23 October 2021 for trusts that were established on or before 23 April 2021.

Gov’t’s ‘precarious finances’ rule out tax offset to inflation

Mr Edwards pointed to the Government’s “difficulty in giving up taxes at this time” due to its own deficit and debt pressures

Our tax system is in urgent need of an overhaul

Tax rules are stacked in favour of the rich and unless there is meaningful change we could be heading for disaster

Is ATAD III on your radar?

Known as ATAD III, the draft Directive is aimed at EU-resident entities, including SMEs, partnerships, trusts and other legal arrangements which claim benefits under double tax treaties