Managers of Wealth Offshore

From Panama to the Pandora papers: what’s changed in offshore tax

The rich and powerful continue to evade and avoid tax despite progress in recent years

Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax

Former PM and his wife became owners of £6.5m office building by acquiring offshore company partially owned by Bahraini minister

Deputy calls for end to corporate tax "scam"

He lambasted the suggestion of introducing a GST until the corporate tax situation "has been sorted out", something he does not believe the States' senior politicians have the competence to do.

Tax Review lead bemoans "lack of understanding" ahead of key debate

Deputy Neil Inder spoke next, convinced that Guernsey has more to offer than just tax rises.

A global corporation tax rate: Understanding the OECD's proposal

This report provides a summary of the key parts of the proposals and the issues which should be monitored over the next 18 months

Panama to stay on EU tax-haven blacklist

The other countries or protectorates on the EU blacklist are American Samoa, Fiji, Guam, Palau, Samoa, Trinidad and Tobago, the US Virgin Islands, and Vanuatu.

Tax decision "must not drive working-class from the island"

“Only £33m of that expenditure is going to come along because of the provision for long term care."

BVI economic substance update – BVI ITA now auditing submitted reports

The questions include asking how the entity went about making the determination whether or not it was carrying on relevant activity.

IoD Guernsey statement on States of Guernsey Tax Review Green Paper

Whilst the IoD recognises the challenges faced, we would urge Deputies to ensure full consideration of actions that could stimulate economic growth and opportunities for increased efficiency via public service reform are given appropriate consideration as

Cayman Islands uncovers 'significant flaws' in financial secrecy index

The study identified "significant flaws in how TJN applied its own original methodology, which resulted in distorted final rankings, creating biased and misleading conclusions".

2021 Global Tax Survey: Beyond BEPS available

More than 130 tax and finance managers and executives from multinational companies across 28 countries responded to the 2021 survey.

Economic Development Board of Mauritius provides clarity over taxation of foreign investments

In the article, it is stated that among other things, the Mauritius Revenue Authority (MRA) is targeting foreign trusts no longer exempt from income taxes.

A Review of TJN's Financial Secrecy Index

This review seeks to understand better what led to Cayman being ranked first on the 2020 FSI

Any change in corporate tax rate would only affect ‘very large companies’ – Varadkar

Tánaiste says Ireland’s 12.5% rate would remain for businesses with turnover less than €750m

Bad news for South Africans with cash stashed in Mauritius

In response, the Mauritian government has assured that they will immediately remove themselves from the list by addressing the deficiencies in its AML-CFT Framework.

Non-doms probed by HMRC for suspected unpaid tax

The correspondence has been sent to those whom HMRC believes might have failed to declare and pay an annual levy known as the “remittance basis charge”

Secretive billionaire accused of one of biggest tax crimes in US history – and the ‘nobody’ he employed

Evatt Tamine was a lawyer in Bermuda for most of the last 20 years – but you’re unlikely to have heard about his legal work here.

Isle of Man labelled as tax haven

Island catches attention of European banks

Employment tax issues that not-for-profit organisations need to be aware of

There is no tax and NIC applied to purchases made by employees for home-office equipment until 5 April 2022 due to the Coronavirus pandemic.

Op-ed: The tax gap is a real problem but so, too, is the ‘reverse tax gap’

Given this phenomenon, while reducing the tax gap seems a laudable goal, reducing the reverse tax gap should also be prioritized.