Managers of Wealth Offshore

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

Grant Thornton Channel Islands maintains its position

These exams involve two papers; personal Insolvency and corporate insolvency.

Tax havens: there’s a chance now to apply conditions to bail outs

One piece of research found 40% of all corporate tax revenues are parked in tax havens, leading to a tax loss for global society of US$700 billion in 2017 alone.

Wealthy Move Their Money To Tax Havens

"This has been a resounding success that has far exceeded our plans," said Sergio Ermotti, the bank's CEO, addressing asset management inflows.

Tax Exiles Risk Being Marooned When Europe Gives Virus Aid

Denmark, France and Poland to ban tax blacklist firms from aid

No COVID-19 bailouts for firms that use tax havens, Prime Minister Justin Trudeau says

Last week, under repeated questioning from both the BQ and NDP, Trudeau had refused to make the same commitment, saying that his government would not withhold wage subsidies from a worker just because of the behaviour of their employer.

Virgin Atlantic seeks new investors amid Richard Branson tax row

Branson’s tax affairs and past comments mean his bid for taxpayer cash has already sparked a backlash.

Coronavirus crisis shows our collective failure to tackle tax evasion

Bolstering our public services starts with fighting tax evasion more promptly and rigidly.

Bridging loans and Switzerland’s fiscal support package for entrepreneurs and corporate entities

The main argument was that the cost of the entity can come at a premium compared to locations like Cyprus the Netherlands and Luxembourg.

IRS Rules Make Nonprofits’ Offshore Tax Strategy ‘Bullet-Proof’

Many nonprofits invest cash in offshore intermediaries

Tax avoidance products ‘in decline’ across the UK

But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’