Managers of Wealth Offshore

Will Tax Havens Fall Prey to Global Momentum on Anti-Abuse Tax Initiatives?

Worldwide economies are struggling with tax revenues down sharply, and governments will turn over rocks to reduce deficits.

New UK register will expose British expats, overseas nationals to major inheritance tax hit

A property bought for £10m in 2010 is now worth £16.7m, which would incur a potential inheritance tax (IHT) liability of £6.7m on death.

Panama Papers tax haul tops $143 million

An Australian Taxation Office spokesman said the organisation had worked with the cross-government Serious Financial Crime Taskforce to analyse and cross-check data obtained by authorities in April 2016.

Luxembourg tax authorities issue a circular on interest deduction limitation

The purpose of the LTA's administrative circular 168bis/1 (the Circular) is to clarify some of the concepts and key aspects of this piece of legislation, through numerical examples.

KPMG announce new Crown Dependencies practice

KPMG in the Channel Islands and KPMG in the Isle of Man announce the merger of their businesses to form a single Crown Dependencies practice.

Carried interest in 2021: New guidance for tax on income associated with services provided to investment partnerships

Treasury made several significant changes in the rules, many of which are to the benefit of taxpayers.

Great Fortunes Tax imposed in Argentina

The new tax is expected to be one-time tax, payable by Argentinian individuals with personal wealth equal or above 200 million pesos

Bermuda to reform ‘unfair’ tax system

The premier questioned why workers with multiple jobs must pay tax, while property owners, who collect income from several properties, do not.

Belgium adopts multiple defensive tax measures towards EU blacklisted jurisdictions

The list includes non-EU countries and territories that do not comply with certain “tax good governance standards” relating to transparency, fair taxation and implementation of the minimum standards agreed at OECD level as part of the Base Ero

Kenya risks losing out on international tax treaties – experts

Last year, the government was also in pursuit of new DTA's with the government of Barbados and the Republic of Singapore.

New vehicle tax to boost funding for environment?

This, he said, could include a vehicle taxation system of £100 a year, which he said could generate as much as £15 million for the government to put into other environmental initiatives.

Cayman Finance Submission OECD Consultation: Pillar One and Pillar Two Blueprints

The Cayman Islands is a fully cooperating member of the Inclusive Framework.

UK Inheritance Tax Reform: rates, reliefs and responsibility

The OTS’s report has flagged that the effective rate for very large estates (i.e. estates over £7m) is, in fact, in the region of 10% once all relevant reliefs and exemptions are properly applied.

UK Inheritance Tax Reform: lessons from Europe

As for the connecting factors based on where to charge IHT, most European countries use either the situs of the assets or the residence of the donor (and more rarely the residence of the donee) as the connecting factor to charge succession or donation tax

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