Managers of Wealth Offshore

Buffet of tax-evading secrecy revealed by US settlement with Swiss bank Rahn+Bodmer

This is a global ranking of the countries most complicit in helping wealthy individuals hide their wealth from the rule of law

CRA has found 35 cases of tax dodging in the Panama Papers leak, 5 years later

Agency said it has unearthed $21M in unpaid taxes filed

Tax transparency moves forward as no or only nominal tax jurisdictions first exchange information on the substance of entities

These new annual exchanges cover information on the identity, activities and ownership chain of entities established in no or only nominal tax jurisdictions that are either non-compliant with substance requirements or engage in intellectual property or ot

OECD releases new peer review results on the prevention of tax treaty shopping under the BEPS Action 6 minimum standard

To address this issue, all members of the Inclusive Framework have committed to implementing the Action 6 minimum standard and participate in annual peer reviews to monitor its accurate implementation.

Overcoming complexity and realising opportunity in luxury French property

Although the crisis itself has not directly boosted international demand, it is clear high-end French properties will rarely lose value and continue to be a safe investment option.

Tax haven ranking shows countries setting global tax rules do most to help firms bend them

Leading economists and campaigners from around the world are calling for OECD tax rules to be superseded by a more robust and globally inclusive process at the United Nations

VI again fires back at ‘tax haven’ index

Due to this bias, she claimed, countries whose financial sectors cater primarily for domestic clients — such as Germany, China and the United States, none of which were listed in the top 10 — escape scot-free.

The Greens Want To Bring In A 6% Wealth Tax On Australian Billionaires

The wealth tax is one of several key policies the Greens are planning on taking to an election either this year or next under its Fight for the Future campaign.

Taxes:Your Subscription to Democracy

Why tax avoidance can lead to democratic backsliding

The richest 1 percent dodge taxes on more than one-fifth of their income, U.S. study shows

The researchers say that years of IRS funding cuts, combined with the increased sophistication of tax evasion tactics available to the rich, have made shirking tax obligations easier than ever.

Real Property Tax Forgiveness Program

The purpose of this Program is to provide much needed relief to families and business owners adversely impacted by the economic effects of the COVID-19 pandemic

The shocking ways billionaires, highly profitable companies hide their money

With average condominiums selling for over $4 million, Millennium Tower is not only a wealthy residence for the rich, but also a ‘wealth storage unit’ for global capital looking to park itself and hold value.

Tax treaties: OECD publishes 30 country profiles applying Arbitration under the multilateral BEPS Convention

The Arbitration Profiles also allow those jurisdictions to make publicly available clarifications on their position on the MLI Arbitration.

Bahamas Real Property Tax Forgiveness Program

The purpose of this Program is to provide much needed relief to families and business owners adversely impacted by the economic effects of the COVID-19 pandemic

Client Alert: 30 Day Grace Period for 2019 Company Tax Filings

This means that for 2019 company tax returns, late filing penalties and surcharges will only be imposed where the tax return remains outstanding after 30 April 2021.

Canada’s tax treaty MAP inventory increased in 2019, new report shows

The MAP program began 2019 with 147 MAP cases. During the year, 75 new cases were opened, and 60 were closed.

Battle to Overcome Illicit Financial Flows

The magnitude of the resources the world stands to gain by creating financial integrity for sustainable development is enormous.

TCJA Is Not GILTI of Offshoring

Lawmakers also look at the 10 percent deduction for foreign assets that is part of the GILTI calculation and suggest that the deduction and the lower tax rate on GILTI provide incentives to offshore investment and jobs.

IRS chief says increase in enforcement budget would boost tax collection

Rettig said the IRS would be issuing a report on Monday showing that its enforcement efforts needed more than a “body-count” increase but also more specialized agents to go after sophisticated high-income tax filers and offshore accounts.

Australia: Government to close down offshore banking regime

The bill amends Australia’s Offshore Banking Unit (OBU) regime to remove the concessional tax treatment for OBUs