Managers of Wealth Offshore

Guernsey Companies: UK tax residence considerations

The articles of incorporation of a company will be a factor taken into account in determining who exercises CMC.

Imbert heads to Paris to sign tax treaty

It aims to promote co-operation among signatory countries in the fight against tax evasion and avoidance by facilitating the exchange of tax-related information.

Search for lower taxes spike from wealthy ahead of UK Budget

Rachel Reeves, Chancellor of the Exchequer, outlined her Budget today which may contain various tax rises for UK residents which Canaccord say has been causing concern for their wealthy clients.

Total tax revenue up by €436.3 million in 2023

Tax burden stood at 27.1 per cent of GDP

Small business owners ‘seriously concerned’ by prospect of Budget tax rises

One said he may need to cut his workforce if the Government increases employer national insurance contributions.

'Governments should raise tax like Isle of Man'

It comes as plans to increase personal income tax from 20 to 22% for two years, have been proposed by Guernsey States as a way to stabilise public finances.

P&R warns of impact if income tax rise defeated

The committee's plans face a challenge from Deputy Peter Roffey who has proposed a package of tax reforms including a 5% GST and lower income tax rates.

Exit tax would not stop flight of wealthy

With the Budget set to hit wealth creators, high net worth individuals and non doms, there are concerns the Chancellor could be eyeing up an exit tax

Luxembourg: new tax measures introduced by the 2025 draft Budget law

To stimulate the housing market, the Draft Law proposes to reduce by half the taxable base for registration and transcription duties on real estate.

DNA director says “Guernsey business is thriving and healthy” as the company sees growth

The company says this supports “DNA’s status as the only Channel Island Xero Platinum firm”.

China is now enforcing offshore income tax. Should private bankers be worried?

“Offshore income has largely been ignored by the tax authorities, but, obviously, that is changing,” a Hong Kong-based wealth advisor told APB.

Minister sets out arguments against pension tax exemption

She said exempting the old-age pension was “unaffordable”, with an estimated cost of at least £21 million per year based on a 2022 assessment.

‘Tread carefully’ on taxing the rich, warns Wealth Club

Ultra-wealthy individuals might move abroad if the tax system in the UK becomes too burdensome

Tax defensive measures against non-cooperative jurisdictions

The latest developments related to the EU List and its impact.

Changes to UK inheritance tax laws could boost open market

Treasury analysis shows GST package would leave local households better off than income tax plan

Politicians are lining up alternatives, including a move led by Deputies Peter Roffey and former P&R President Peter Ferbrache to bring in the GST package that politicians rejected in February.

Corporate tax reform proposed over income tax rise

The island's senior political committee, Policy and Resources, has proposed a 2p in the pound hike in income tax for two years, which it said would ensure the future of its major projects portfolio.

Cryptocurrencies and digital assets holding strategies – tax considerations in Luxembourg

Cryptocurrencies introduce new concepts that challenge traditional tax norms.

Corporate income tax unlikely to affect Bermuda re/insurers

Bermuda is considered a reciprocal jurisdiction by the US National Association of Insurance Commissioners and has equivalency status under the European Union's Solvency II insurance capital regime.

Ultra wealthy to feel tax crunch on overseas gains

They added that some of the targeted Chinese had at least US$10 million (HK$78 million) in offshore assets