Managers of Wealth Offshore

OECD leading multilateral efforts to address tax challenges from digitalisation of the economy

The new OECD proposal brings together common elements of three competing proposals from member countries

ED can withhold names of tax evaders in Panama Papers: Central Information Commission

The Enforcement Directorate also reiterated exemption given to it under the law and argued that the matter is sub-judice hence details cannot be shared at this stage.

Why the fight for tax justice is a global struggle

After declining for several decades, social inequalities have risen again in the majority of industrialised countries following the neoliberal shift of the 1980s.

Thinking beyond tax: a Mauritius perspective

The FA 2019 has introduced a partial exemption regime similar to that existing in many other developed countries.

RUSSIA: Update on beneficial ownership status for holding companies

To claim tax treaty benefits, such as reduced withholding tax rates on dividends and certain other income, foreign recipients of Russian-source income must meet the Russian BO requirements and provide comprehensive documentation supporting their BO status

How four trends are driving changes to accounting and tax worldwide

International accounting and tax principles are increasingly standardising but it won’t be a smooth ride for multinationals.

The ‘Panama Papers’ drew shady tax dealings into the light – but nothing has changed since

The Paradise Papers consist of 13.4 million pages that reveal the global rich avoiding tax payments by using offshore tax havens and secrecy jurisdictions.

More beneficial ownership loopholes to plug: circular ownership, fragmented control and companies as parties to the trust

Some countries already provide public online access for free and in open data format.

Superyachts and private jets: examining the effects of withholding tax on the charter industry

To date, the aviation charter brokerage sector has avoided the spotlight, but aviation charter brokers undertake a very similar activity to yacht charter brokers.

Malta against removal of tax exemption on aviation and shipping fuels

Finance Minister Edward Scicluna said that while changes are required to the Energy Taxation Directive removing the tax exemption would have negative repercussions on Malta

£125m QROPS Tax Windfall Plan Flops For HMRC

The overseas transfer charge is paid by expats moving money into an offshore QROPS pension when the scheme is based outside the European Economic Area in a place other than the country where they live.

UK: Taxpayer Victory In UK Corporate Residence Case Involving Offshore SPVs

The boards of the three Jersey companies were comprised of three Jersey resident professional directors, and the secretary of Development Securities Ltd, who was UK resident.

Cayman Islands prepare for next round with Caribbean Financial Action Task Force

Minister Rivers discusses financial services legislation

Italian Tax Authorities Request Information From Switzerland On UBS Bank Customers

The purpose of the publication in the official Swiss Journal is to give to persons concerned the possibility to object to the disclosure of details on their personal account and receive a final decree ("Schlussverfügung") from the FTA inste

HSBC Expat wins EMMA innovation award

The awards were presented at the Forum for Expatriate Management Summit for the Asia-Pacific region, held in Singapore this week.

Tax avoidance drives nearly 40% of global FDI: report

The billions attracted by tax havens do harm to sending and receiving nations alike

As the pace of tax reform slows, countries are urged to take bolder action

The report covers the latest tax policy reforms in all OECD countries

Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact

The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters.

Report assesses 116 nations’ implementation of country-by-country reporting

The standards were later adopted by the “Inclusive Framework on BEPS,” which is now comprised of 134 countries.

Cyprus And Tax Treaties

A bilateral tax agreement or Double Tax Treaty, is an agreement between two countries.