Managers of Wealth Offshore

Repatriation Tax Confusion Leaves Companies ‘Fired Up’

The repatriation tax created a one-time 15.5 percent tax on cash and cash assets, and a 8 percent tax on illiquid assets

Credit Suisse warns of higher tax rate under new US rules

The rule applies to corporate taxpayers with gross receipts of more than US$500 million

Dubai Called Out for Being “Money-Laundering” Capital of the World

The United Arab Emirates, in contrast, was hailed by the group for being the "least corrupt" country among its Arabian neighbors and on the Northern African peninsula.

Stopping Corporate Tax Avoidance: Time For Real Changes

In 2012, G20 finance ministers recognised the problem and turned to the OECD to implement a process for reform of the international tax system.

Employee Benefit Trustees await developments as the 5th April 2019 deadline looms.

Furthermore many companies and employees which have used EBTs have been approached by HMRC regarding their tax position

Cayman Islands committed to aligning with global best practices

That The Netherlands has just decided to blacklist the Cayman Islands (along with 20 other jurisdictions) has understandably surprised people and one wonders what the problem is

European Commission president Jean-Claude Juncker must close tax loopholes at Luxembourg freeport, MEP says

German politician Wolf Klinz describes the art storage facility as “high risk” for money laundering and tax evasion

Canada Revenue Agency launches 100 audits after Paradise Papers leak

Tax authorities identified 3,000 people or corporations connected to Canada in the Paradise Papers leaks but have not yet recovered any money.

Tax service is focused on rich to help fair economy

The NTS said one of the focuses of its investigations will be tax evasion, including the running of affiliates under the names of others and the unfair awarding of contracts to subsidiaries.

International community makes important progress on the tax challenges of digitalisation

The Inclusive Framework will look at proposals based on the concepts of marketing intangibles, user contribution and significant economic presence

Britain's biggest taxpayers revealed - but which top earners DIDN'T make the list?

Lewis Hamilton, Roman Abramovich and JCB owner Lord Bamford all noted as conspicuous absentees from tax list

Switzerland Nets Billions From Tax Evaders

The Swiss state – federal, cantonal and local authorities taken together – received more than 3.8 billion francs in extra tax payments.

Overseas tax evaders face intense audits

Under the initiative led by the OECD, over 100 countries and jurisdictions are collaborating to implement measures to tackle this issue.

Tax implications of offshore investment income

The tax treatment of offshore investment income is dependent on the type of income received.

Plan to collect tax on offshore assets

Now the tax demands could be generated once this was approved by parliament

1.6 million Canadian banking records shared with IRS

CRA now transferring 600,000 banking records per year under controversial information sharing agreement

Tax Planning: Offshore account holders should come clean with the taxman

Take the British Virgin Islands, which is a tax-free jurisdiction.

10 Footballers Who Had Run-Ins With The Law For Tax Fraud

As a result, the five-time Ballon d'Or winner was handed a two-year suspended prison sentence for his transgressions.

Govt. targets tax evasion

“One of these standards is the Standard for Exchange of Information on Request (“EOIR Standard”).”

Updated UK-Guernsey tax treaty enters into force

In the UK, the agreement takes effect for income tax for any year of assessment beginning on or after April 6, 2019. For corporation tax, it takes effect on April 1, 2019.