Managers of Wealth Offshore

Netherlands Plans Withholding Tax on Dividends to Tax Havens

Measure would apply to dividends paid to countries on blacklist or with tax rate below 9%

U.S. taxpayers' virus relief went to firms that avoided U.S. taxes

Zagg has booked much of its profit through small companies in far-off Ireland and the Cayman Islands, its filings show.

A clampdown on corporate tax avoidance is coming. Companies should embrace it

In the U.K., for instance, the forecasts already predict the national deficit could rise from 55 billion pounds to 337 billion pounds (around $67 billion to $410 billion) by the end of this year.

HMRC Sharply Increased Use of Account Freeze Orders in Latest Tax Year: FT

The total compares to HMRC’s use of 60 account freezing orders, covering £8 million, during the previous tax year.

Scotland bans Covid-19 support to firms based in tax havens

MSPs vote to prevent such businesses and individuals from using relief funds

Govt. making significant progress on tax residency legislation

Johnson also stressed the importance of tackling corruption in the Department of Immigration.

Mauritius: key taxation implications of the COVID-19 Act

Government has introduced a new COVID-19 Levy applicable for the years of assessment commencing on 1 July 2020, 1 July 2021 or 1 July 2022 for employers (individuals, sociétés and companies) who have benefited from the Government Wage Assist

Island expats cough up cash amid HMRC corona crackdown

Part of the rise has been attributed to reforms in recent years

Expats hit with tax planning complications due to lockdowns

This could impact your tax planning strategies which, in turn, could affect other personal finance matters including retirement planning, estate planning and trusts.

Will offshore structures stand up to close scrutiny by HMRC?

The real question is whether or not the planning undertaken in the 1970’s and 1980’s has stood the test of time?

Cayman Islands: Corporate tax reform agenda still set for end of the year

A small number of countries also advocate delaying the tax negotiations by a year.

New tax reporting deadlines for the Cayman Islands and BVI

The revised deadline moves from the original date of 30 September 2020 and aligns with the recently amended FATCA reporting deadline.

Should tax dodgers get taxpayer-funded COVID-19 bailout?

“Moreover, much of the $7.8 billion income or revenue EnergyAustralia collects from its customers was passed on to its parent company in the Caribbean, thence its Hong Kong parent company and the billionaire Michael Kadoorie who controls that,&r

International Tax Authority Maintains Functionality During Covid-19

The ITA is kindly asking all external service providers to confirm their coronavirus contingency plans and provide assurances of continuity of service.

Cayman firms asked for info in Danish tax fraud

Some of Cayman’s biggest names are now asked to provide documentary evidence of the work they did for the pension companies named in the suit.

Danish tax office seeks Cayman information in alleged fraud scheme

The suit aims to recover US$2.1 billion in dividend withholding-tax refunds claimed for shares the defendants said they owned in Danish stock market-listed companies.

EU loses over $27 billion in corporate tax a year to UK, Switzerland, Luxembourg and Netherlands

The findings come amid increasing urgency in the EU to address the risks corporate tax havens impose on measures to tackle both the health and economic fallout of the Covid-19 pandemic.

Boris under pressure to ban UK tax-dodging bosses from getting furlough bailouts

Labour leader Keir Starmer, Lib Dem MP Layla Moran and Archbishop of Canterbury Justin Welby have all supported a move to put a ban in place

Transfer Pricing In Malta

The importance of the TP rules lies on the need to counteract the tax challenges raised from globalisation, by avoiding distortion of governmental tax revenues.

Israel’s Largest Bank Pays $900 Million In Offshore Tax Evasion Scheme, Soccer Payoffs

As part of the tax-evasion settlement, Bank Hapoalim B.M. admitted the firm conspired with U.S. taxpayers