Managers of Wealth Offshore

New G7 tax standard will have “very little effect on Guernsey”

The Pillar One Blueprint is a piece of international work done to define an inclusive tax framework, reflecting an increasingly digitalised economy.

Nothing to fear from tax changes

Guernsey has nothing to fear from a more ‘level playing field’ after the G7 backed an international tax overhaul – but it is too early to tell what it could mean for the island’s zero-10 regime.

Financial Services sector responds to G7 minimum tax announcement

“The G7 Finance Ministers have made a significant, unprecedented commitment today that provides tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%"

The global tax agreement is ‘historic’ – but for all the wrong reasons

The idea of a minimum corporation tax has been knocking around for quite some time, not least in the EU.

'Treasure Island' tax havens face a tempest

The world loses out on $427 billion a year due to corporate and personal tax evasion, according to Tax Justice Network estimates.

G7 Pact on Tax – What does it mean?

The proposals aimed to apportion taxing rights more evenly between countries and discourage profit shifting.

British 'Treasure Island' Tax Havens Face a Tempest

As British power collapsed, some of its possessions became self-governing territories that were not part of the United Kingdom but which came under British defence agreements and preserved strong links with London.

Ex-Ag: ‘No Cause To Panic’ Over 15% Tax

The Bahamas has traditionally focused on private wealth management, catering to high net worth individuals and their families, and Mr Delaney said the G-7 initiative should not discourage companies from relocating or domiciling to this nation because tax

'Too early to know' G7 tax agreement impact on Guernsey

‘It’s aimed at this stage principally at large multinationals so it’s difficult to know whether it’s the end or just the beginning of the end for the zero-10 corporate regime we’ve had since 2008.’

G7 leaders strike deal to tax Google, Amazon and other tech giants

Part of the agreement agreed upon on Saturday is that other countries would repeal their unilateral digital taxes in favour of a global agreement.

Saffery Champness’ Lisa Vizia double win at Magic Circle Awards

Nick Batiste, Managing Director, Saffery Champness Registered Fiduciaries, said: “On behalf of everyone at the firm I would like to congratulate Lisa and thank her for her continued contribution to our clients and to our business.

A&M Taxand 2021 Global Guide to M&A Tax

The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.

Crown dependencies risk blacklist as EU debuts tax abuse observatory

‘This is in line with the EU's existing approach to use the listing process to promote internationally agreed good practices.'

There is a ‘deal to be had’ on global tech tax reform, Sunak says

Chancellor Rishi Sunak said he wanted to ensure a level playing field between high street firms and online giants.

PwC: impact of European Commission taxation plans

In particular, the Commission notes that Pillar 2 participation may become a criterion for assessing third countries in the EU listing process identifying non-cooperative jurisdictions for tax purposes.

Is the end of corporate tax evasion and tax havens finally in sight?

This evasion amounts to billions of dollars annually and disproportionately affects lower-income nations.

MPs braced for battle with global accounting firm over naming wealthy Canadians behind offshore tax shelters

Global accounting firms have mostly managed to keep their clients' names secret by arguing that their codes of conduct prevent them from publicly naming the multimillionaires behind the shell companies they helped to set up.

EU says hefty Irish royalty flows show ‘aggressive’ tax moves

Such indicators are not in themselves conclusive proof that a country is being used for tax avoidance purposes, but they can contribute to a body of evidence that indicates that [aggressive tax planning] is occurring in a specific country.

No tax deal with Charles Polidano, government says in denial of reports

Government denies claims €40 million tax bill for Charles Polidano had been reduced to €10 million

The continuing double taxation of Jersey old-age pensions has to stop

The reason being that in these very difficult times Jersey pensioners are finding life very difficult