Managers of Wealth Offshore

Australia: Tax Avoidance Taskforce focuses on private groups

There also will be an assessment of whether there is an effective tax governance framework in place for the private group

EU Mandatory Reporting of “Tax Aggressive” Cross-Border Arrangements – DAC6

Any cross-border arrangements that are seen as “potentially tax aggressive” needs to be reported to the tax authorities.

BEPS Action 13: Latest country implementation update

Updated weekly, this summary report in table format offers a snapshot of implementation of country-by-country reporting and Master file / Local file documentation requirements around the world.

Global Forum on tax transparency reveals compliance ratings for further eight jurisdictions

These jurisdictions have demonstrated progress on the deficiencies identified in the first round of reviews, including improving access to information, developing broader EOI agreement networks, monitoring the handling of increasing incoming EOI requests.

Charity bequest under Jersey law entitled to UK tax relief

The Supreme Court so held in allowing the appeal of Peter Routier and Christine Ann Venables

House panel OKs bill seeking 5% tax on POGOs

A clear, definitive tax regime for POGOs will be a potent revenue source, as well as a means of placing these facilities under stricter oversight.

The great American tax haven: why the super-rich love South Dakota

It’s known for being the home of Mount Rushmore – and not much else. But thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.

Important tax considerations when de-enveloping UK property

The new rules seek to eliminate the longstanding advantages of this practise.

Nearly a million Canadian bank records sent to IRS

Number of government transfers of records of bank accounts held by Canadian residents to U.S. has been rising

Federal contractors to disclose tax haven links

The Commissioner of Taxation would be consulted on which countries are designated as tax havens.

Expat Americans Face Possible Account Freeze

Originally, the intention was to enforce this by applying a 30 per cent withholding tax on payments to any FFI that did not comply, but in practice all major countries enacted legislation forcing their financial institutions to comply with FATCA.

Which Countries Are Considered The Top Corporate Tax Havens?

Ireland has also been labeled a tax haven, with the taxation rate before deductions for companies as low as 12.5%.

Deloitte wins audit award

The Deloitte team was represented on the night by Partner Theo Brennand, Director Marc Cleeve and Manager Manik Ahmed Memon.

Surge in number of expats pushes need for international tax advice: deVere

This surge in demand for international tax advice has led deVere to recruit more experts and launch a tax apprenticeship scheme to meet the demands of its clients.

HMRC targets offshore fund holders

HMRC is chasing almost £2bn that is potentially owed in taxes by the UK's richest people, according to the public spending watchdog.

HMRC ‘doesn’t have time’ to investigate offshore account tip-offs

So much information is flowing into HMRC that it relies on speculative letters to taxpayers

Japan to tighten tax rules on wealthy people

Under the current rules, the government has obliged domestic residents to declare the types and amounts of their overseas assets if they total more than 50 million yen.

Grand Bahama and the Abacos tax free, VAT-free

VAT on fuel for generators in areas still without electricity will also be VAT-free.

Malta’s tax burden on the economy is sixth lowest in EU

The tax-to-GDP ratio for Malta stood at 32.7% in 2018, Eurostat figures show

Tax evasion issues continue in Malta

Part of the trouble with enforcing tax legislation comes from the increasing speed of the global economy.