Managers of Wealth Offshore

HMRC lacks staff to investigate over 5.7 million offshore tip-offs

HMRC has come under pressure to more actively investigate taxpayers with hidden offshore assets since the 2016 Panama Papers scandal.

Offshore fund investors to check tax reporting, before HMRC does

There are two types of offshore funds for UK tax purposes – ‘reporting’ and ‘non-reporting’. Income that is not distributed from reporting funds still needs to be declared to HMRC each year; this is called Excess Reportable I

12 EU states reject move to expose companies' tax avoidance

Proposal would have forced firms to reveal profits made and taxes paid in each EU country

9 expatriate tax considerations for employers

*Expatriate tax regulations differ country-to-country and this article is not intended to provide specific advice.

Global Forum marks success fighting tax evasion

At the heart of this shift are thousands of bilateral exchange relationships now in place

Gibraltar sets out tax transparency commitment in global forum

Gibraltar has been working with the OECD for more than a decade

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.