Managers of Wealth Offshore

The tax avoidance superhighway

This article explores that highway – but not to the extent of following it to see if it leads to Nkandla.

Ireland on tax haven list, algorithm blunders and a stout for non-stout people

Business Today: the best news, analysis and comment from The Irish Times business desk

European banks active in tax havens despite scandals

Europe's leading banks each year book 20 billion euros ($24 billion), or 14 percent of their total profits, in 17 territories with particularly favourable tax regimes

Indian Swiss tycoon could owe $137m amid Isle of Man trust tax probe

A prosecutor then told tax authorities that Hinduja still resided in Geneva, despite claims of residency in Monaco since 2007.

Too early to say how minimum tax will affect captives

“The impact of the global minimum tax should be more easily determined once there is more guidance on its implementation and rollout.”

Corporate tax reforms on the horizon

All regulated financial services are excluded from this.

Cyprus Tax Department publishes updated XML Schema for DAC 6 reporting

Once the XML files are completed they should be submitted on the CTD’s electronic government gateway portal (known as Ariadni).

Expert slams independent taxation proposals as “discriminatory”

There will be a voluntary opt-in period from 2023 but, at some point in the future which is yet to be determined, all married couples and civil partners will have to move to independent taxation.

Proposals to ease impact of tax changes

ALLOWANCES to protect thousands of low-income couples from being left worse off by changes to the Island’s tax system will be introduced, the Treasury Minister has said.

Tax change and spending cuts to be debated by Guernsey States

Such a move is among various ways of saving government money being considered, alongside proposals to help the island raise revenue through taxes.

Senator Drakes Gives Take On Taxation Of Corporations

How many of your senior managers, if it is an international company, how many of them are Barbadians?”

Government ready to counter global corporate tax dictates

The OECD said in pillar one it was aiming to achieve a “fairer distribution of profits and taxing rights among countries with respect to the largest multinational enterprises, including digital companies”.

Tax amendments proposed for those taking pension funds offshore

Axelson, however, said this was different to individuals who stay as South African tax residents, who can access their money only once they are aged 55 or more.

Globally taxing times ahead

The OECDs proposals gained widespread media coverage following the G7 Summit in June 2021, with the G7 pushing for the global minimum corporation tax rate of 15%.

UK taxpayer prevented from challenging validity of tax enquiry

The Supreme Court, in its judgment, found that the legal concept of ‘estoppel by convention’ applied in this case.

Timeframes for prosecution of tax crimes set to be extended

At present, tax offences have a two-year prescription period

Call for Bermuda to move on global tax plan

There were several more targeted responses, but Mr. Lowther was the last to speak.

Barbados finally joins global tax plan

The island joined 132 other countries and jurisdictions participating in the agreement to establish international tax reforms based on a two-pillar package.

Tax havens meet monopoly power: why national competitiveness harms competition

There is more than one possible answer, but in many countries a “Competitiveness Agenda” holds sway.

Aberdeen Asian Income trust eyes switch from Jersey to UK tax residency

The change of tax residence would "increase the revenue of the company available for distribution to shareholders and there should be no material disruption to the company's operations," according to the board.