Managers of Wealth Offshore

Luxembourg Under International Scrutiny Following Tax Haven Accusations

Scandals like the Panama Papers, which connected European shell companies to criminal activities, tax fraud, and money laundering schemes around the world.

Congressional Democrats release bill targeting corporate tax loopholes

In a statement announcing the bill, they said the new legislation would also crack down on the type of illegal tax evasion revealed by the Panama Papers and Paradise Papers leaks.

BARBADOS: Check your tax information ahead of filing season

Lazare also indicated that to access this information, persons should log into their TAMIS account, and follow three steps.

Tax havens - a big challenge

Experts estimate annual global revenue loss of $200b as result of abuse of tax havens

Switzerland responsible for $13 billion in losses to tax evasion globally

The top five jurisdictions are responsible for half of the world’s corporate tax abuse risks.

Wealth Tax is Coming to America

The trillions of dollars spent in government stimulus plans during the pandemic have greatly swollen the federal deficit, and Republicans — who supported stimulus spending during the Trump administration — now warn that the deficits risk becom

Think-tank blasts States' 'home-grown' accounting principles

The GPEG report's authors say that, as far as priorities go, this should be number one, as it underpins all other financial decision-making.

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

The 2021 edition of the Tax Justice Network’s biennial Corporate Tax Haven Index sees OECD countries or their dependencies take up the top six spots on the ranking of the world’s greatest enablers of corporate tax abuse.

Credit Suisse tax whistle-blowers urge US to punish bank

A spokesperson for the bank declined to comment.

Tax Tips From Cooperating Witness In Record $2B Tax Evasion Case

The 39-count indictment are still unproven accusations, but most such cases do not end well for the accused.

UBS French tax evasion appeal: what's at stake

A main pillar of the bank’s defence is that it was complying with the tax regulations of the day – the European Union Savings Directive, which did not compel banks to hand over client data to other countries.

Cyprus Tax authorities extend the imposition of penalties for late submission on DAC 6

The Tax Department will not begin imposing administrative fines until 30 June 2021

Tax Planning Challenges for Trustees Webinar

With governments now working out how to replenish their coffers, the challenges faced by trustees in implementing and managing tax planning have never been greater.

BDO tax director Mark Savage explores what the UK’s Budget means for Guernsey

There was some good news for companies.

Channel Islands: Spring Budget 2021 - Deloitte

The government is spending £100m on an HMRC taskforce to clamp down on tax avoidance and evasion.

MEPs seek to strengthen list of tax havens

But what does this mean for advisers and their clients?

Isle of Man trio sets up international tax advice firm

It will work with private clients and advisers on IHT, complex estates and offshore trusts

Channel Island lawyer takes on ASOS in VAT battle

The lawyer says that at one point, ASOS’s customer services insisted no VAT had been charged.

Tax treaties and COVID-19

Concerns have been raised among employers as to whether this would result in the creation of a PE, which would in turn result in their businesses having to adhere to increased tax obligations and tax filing requirements.

Global care company under fire for alleged Guernsey-linked tax avoidance

The report by the Centre for International Corporate Tax Accountability and Research (CICTAR) says that, despite charging residents over £225 million in fees in 2019, Canada-based Revera’s three UK care home companies - Sunrise, Gracewell and