Managers of Wealth Offshore

Did the EU’s attempt to name and shame tax havens into behaving better work?

But counting the number of boxes that the EU ticked to remove jurisdictions from its list doesn’t give us the full picture of the listing process’s impact.

Significant progress made in fighting tax evasion and illicit financial flows in Africa - OECD

The ongoing COVID-19 crisis will completely end any tolerance towards all forms of tax evasion,” said Maria José Garde, Chair of the Global Forum

Tax Haven Companies Own Billions Worth of Scottish Property

Ava Lee, from Global Witness – an organization that investigates corruption and financial secrecy – weighed in on these findings, suggesting that the anonymity of Scottish property has perpetuated illicit financial flows.

Revealed: Scottish property worth billions owned by tax haven firms

Further Ferret analysis shows that about 60 per cent of foreign owned property was bought by companies based in tax havens, allowing them to avoid paying tax.

What will Switzerland’s coronavirus debt mean for your tax bill?

Boosting businesses to funding freelancers: Here is how Switzerland is tackling its coronavirus-affected economy

Paradise Papers: Cox & Kings used offshore route to cut tax in Germany, UK

On June 8, the Enforcement Directorate (ED) searched the office of Cox & Kings, the residences of its promoter Ajay Ajit Peter Kerkar and other senior executives

VG launches Jersey Cash Box structuring solution

Jersey has become a jurisdiction of choice for Cash Box transactions amongst our established onshore and offshore legal and tax network as Jersey Companies Law makes redemption of preference shares a quick and simple process

‘Prickly pears’: Tax hikes expected to repay EU aid, finance recovery package loans

Finance Minister Edward Scicluna had a lukewarm reaction to the announcement, warning that this could spell trouble for Malta’s fight against tax harmonisation.

Tax system may move to ‘live’ payments next year

All taxpayers could be paying tax ‘live’ as they earn rather than a year in arrears by next year, the Treasury Minister has revealed as part of a new shake-up of personal taxation rules.

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.