Managers of Wealth Offshore

The OECD Forum of Harmful Tax Practices grants 11 offshore jurisdictions ‘not harmful’ status

The overall intent was to create a ‘more even playing field’ between highly-attractive regimes and countries with more modest fiscal advantages.

Italian tax authorities ask for information on UBS clients

The bank is facing two separate investigations in Italy and a court case in France over allegations it enabled cross-border tax cheats to hide assets in Switzerland.

HSBC agrees to 300 million euro settlement of Belgian tax case - prosecutors

The prosecutors also said that the bank had made and committed to a significant overhaul of its practices to counter financial crime risks following the allegations.

More South Africans exploring moving money offshore - tax expert

"Many mentioned that discussions regarding land expropriation without compensation has led them to feel that their investments in South Africa are no longer secure."

Unwinding Tax Consequences- Still just for Trusts...Just

In the latter case, the Court will scrutinise with great care exactly what it is asked to do bearing in mind that it is no part of the Court’s function to facilitate foreign tax avoidance'.

Former users of US offshore disclosure programme now at risk of follow-up examinations

Now the IRS intends to find taxpayers who used OVDP, but have since fallen out of compliance, and will use its audit-based tools in order to bring them back into compliance.

Global Forum on tax transparency reveals new compliance ratings for nine jurisdictions

These reports are part of the second round of Global Forum reviews, which assess jurisdictions against the updated standard

Tax Haven Crackdown Catches Asia Hedge Funds in Its Crosshairs

Funds that use Cayman investment managers will be impacted

Hong Kong Hedge Funds Caught in Tax Haven Clampdown

Hong Kong hedge funds are particularly affected because they use Cayman investment managers, while offshore management companies have been less popular among European managers in recent years, according to Bloomberg.

Luxembourg’s government formerly approves new Double Tax Treaty with France

The treaty had been signed by both countries in the spring of 2018

Tax laws of 12 low-tax countries ‘don’t harm other countries’, says OECD-led 131 country coalition

The premier encouraged tax administrators to share their respective experiences and try to come up with a regional collaborative framework to address these challenges.

Grand Theft Tender? How €56bn went to tax havens

Countries officially blacklisted or greylisted as tax havens by the EU.

Jeffrey Epstein Wealth Boosted by Virgin Island Tax Breaks

By, possibly, 90%.

Jersey’s Domestic Legal Framework and Tax Regime Receives OECD Support

This latest endorsement follows the introduction of new substance legislation by the Jersey authorities last year which successfully met the requirements of the EU Code of Conduct Group.

Tax Treaty Updates: New treaty protocols ratified by Senate - Deloitte

The new treaties/protocols address various topics, including withholding taxes on transactions between US and foreign companies, and taxation of both individual and corporate taxpayers to avoid double tax situations.

Tax Treatment Of Investment Funds In Ireland - IFA 2019 National Reports (Cahiers)

Andrew Quinn, Head of Tax, and Lynn Cramer, Tax Partner, of the Maples Tax Group are Irish National Reporters for the prestigious and long running International Fiscal Association (IFA) 2019 Reports (Cahiers) and Annual Congress 2019.

Mauritius Leaks Explained: How archaic tax treaty allowed island nation-based offshore firms avoid taxation in India

The modus operandi — which may arguably be by the book — thrived on Mauritius' opaque financial laws devised to facilitate the State turning into a haven for offshore firms, the large amount of one-sided "tax treaties" the count

Tax laws of 12 low-tax countries including BVI, Bermuda, Cayman don’t harm other countries, 131-country group concludes

The standard requires that for certain highly mobile sectors of business activity other than IP, the core income generating activities must be conducted with qualified employees and operating expenditure in the jurisdiction.

U.S. Companies Repatriated Offshore Profits in Record Numbers Last Year

Ireland was the third largest source of repatriated cash, but the value is suppressed because of confidentiality rules in the country, according to the report.

HMRC awards £22m of contracts to an arm of Amazon based in tax haven Luxembourg

HMRC said the contracts were with a UK arm of the Luxembourg-based company but refused to comment on Amazon's tax affairs.