Managers of Wealth Offshore

The Irish Tonnage Tax Regime for Shipping Companies

Ireland is a highly attractive country for locating international shipping operations.

Allocating tax risks in private M&A transactions: non-resident capital gains tax

Taxing non-residents on OITs of foreign companies is not new.

Capital controls, emigration, and the biggest threat to your retirement

Finance Minister Tito Mboweni noted in the emergency budget announced in June, that he expected debt to GDP to exceed 100% by 2024 and reach 114% by 2028.

Austin billionaire Robert Smith faces U.S. probe into potential tax crimes involving Caribbean entities

Smith hasn’t been charged, and prosecutors may conclude he owes no taxes on those assets.

Belgium Launches Tax Evasion, Money Laundering Probe into Credit Suisse

The object of the operation was to hide the money in the Credit Suisse accounts from the Belgian tax authorities – a practice that better international cooperation is making more and more difficult, though still not impossible.

Hong Kong-Macao tax arrangement in force

For Macao residents, double taxation will be avoided by way of exemption of the income taxed in Hong Kong from the Macao tax, or by crediting the Hong Kong tax paid against the Macao tax payable in respect of the same income.

Tax evasion: 25% increase in amount collected in UK deals

HMRC receives information automatically under the Common Reporting Standard about financial accounts held by UK residents in more than 100 jurisdictions.

Tax Rules for the Super-Rich Make the Isle of Man a Haven for Private Jets

While Tinkov has been accused of tax fraud in the U.S., he’s been able to save millions legally in a European tax haven.

Guernsey Revenue Service updates guidance on investment management tax and investor reporting

The guidance on what does not constitute a disposal aims to provide a relief similar to that introduced by HMRC in the UK a few years ago in light of changes in fee charging structures that came about from the Retail Distribution Review.

Should personal financial data be sent to foreign tax authorities?

Activists argue current rules favour transparency over privacy

California wealth tax could become first of its kind in US under new proposal

California’s top rate today, at 13.3%, is already the highest in the nation.

Taxman reaps rewards from evaders

Failure to do so could result in a criminal investigation that would be costly to the public purse and the individuals involved.

UK creative industries an “economic success story”

UK film and television is an international success story, employing over 125,000 full time earners.

The Modern Tax Haven

As wealth is being accumulated in a smaller percentage of the population, that might suggest the rich will have an even greater base from which to be taxed.

Trump adviser brands Ireland a 'tax haven'

And so you see a country like Ireland punching very, very high above its weight simply because of its tax advantages.

Cyprus: EU anti-tax avoidance directive provisions adopted

These measures are expected to impact companies and groups of companies with international activities.

Trade Groups Awaiting Final Anti-Abuse Tax Rules

The tax aims to discourage companies from transferring income offshore through excessive deductible payments that minimize tax bills.

Tax haven residents hold $5.7 billion of cash in Australia

Residents of the Marshall Island and other tax havens hold $5.7 billion worth of deposits in Australia.

OECD assesses Cayman’s process to resolve double-taxation disputes

Not surprisingly, the report found that Cayman has no dispute-resolution experience because it has not been involved in any cases.

The local impact of any rise in Capital Gains Tax

Guernsey does not have Capital Gains Tax.