Managers of Wealth Offshore

Tax Planning Challenges for Trustees

The Trust Litigation specialists also considered how to deal with problems when they arise

Colombia: Wide and ‘Patchwork’ Taxation of Offshore Indirect Transfers

The Treasury recently issued regulations in August 2020 (Decree 1103 of August 10, 2020).

Award for Deloitte's debt funds team

"It is fantastic to be celebrated for providing great service to our clients and remaining at the forefront of the sector."

We can’t afford tax havens in the age of Coronavirus

It’s almost impossible to predict the full scale of economic damage while most of the world is still fighting to contain the virus’s exponential spread, and while so much remains uncertain.

Federal Council adopts dispatch on Federal Act on Implementation of International Tax Agreements

Based on the consultation, the Federal Council clarified the bill from a content and linguistic viewpoint, ensuring in particular that the cantons are more involved in the preparation of mutual agreement procedures.

Billion Dollar Tax Haven Battle Heads to Canada’s Top Court

The appeal court’s decision provides a road map for companies seeking to avoid paying taxes by parking assets offshore, the agency’s application to the top court said.

Andersen Global Extends Coverage in St. Kitts and Nevis

This collaboration will allow us to take our client service to the next level and expand our reach more broadly.

Cyprus revises VAT for yacht leasing scheme

In all the other instances where the aforementioned do not apply, the leasing will be considered as a supply of services.

Deloitte’s Debt Funds Services Team Win Again

Deloitte’s Channel Island Debt Fund Services team has won the Best Audit Service Award at the annual Alt Credit Fund Intelligence European Awards for the second consecutive year.

Offshore tax evaders raided

The customers of Euro Pacific are advised to create accounts using front companies in other tax havens, creating a web of arrangements that are difficult to trace.

Pillar Two blueprint on a global minimum tax issued

Payments made to or by individuals are not within scope.

Pillar One blueprint on nexus, profit allocation challenges of digitalization issued

The Pillar One blueprint sets out “building blocks” for potential future international agreement on rules for taxable presence (nexus) in countries and profit allocation between countries to address tax challenges arising from digitalization.

U.S. Brings ‘Largest Ever Tax Charge’ Against Tech Executive

Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S.

Billionaire Robert Smith to Pay $140 Million Over Tax Probe

Smith to cooperate, admit misconduct but won’t be prosecuted

Centre weighs Voda tax row outcome

The row with Vodafone on its offshore deal acquiring Hutchison Essar has implications beyond the legality of retrospective taxes

OECD’s “tax haven lite” blueprint fails pandemic-gripped world

he OECD’s blueprints, which also lack political agreement to proceed, have drawn harsh criticism from leading economists and tax experts.

Updated Cyprus/Russia Double Tax Treaty

The amendments principally affect the minimum withholding tax rate on dividends and interest paid from Russia.

Private Equity - Acquisition Structures

A Jersey company may make a distribution from a wide range of sources, not merely from distributable profits.

UK urged to do more to open up tax havens to public scrutiny

The British Virgin Islands, considered by anti-corruption and anti-money laundering groups as one of the murkiest financial centres in the world, was the last to join, but has finally done so.

Ireland and Luxembourg: The Updated EU Annex I List

This update considers the impact on certain tax reporting and other tax measures in Ireland and Luxembourg.