Managers of Wealth Offshore

Tax office launches probes into offshore tax evasion

Offshore tax evasion has been on the rise in recent years

International Client - A round-up of the tax issues affecting international clients

Our article looks at the economic substance requirements.

Labor's Cayman Islands adventure ignites the base, but business is worried

This time, the shadow treasurer's target was tax havens.

TMF Group named a ‘Major Contender’ in finance and accounting outsourcing

Finance and accounting are key to international expansion, and bookkeeping, reporting and associated areas can vary widely from jurisdiction to jurisdiction.

No tax shelter for Brookfield's Multiplex Group

Financial accounts filed with ASIC for Multiplex Pty Ltd report that the construction group paid income tax totalling $26 million for the year ending December 31, 2018 on a profit before tax of $72 million.

'Grand Theft Europe' — tax fraudsters reportedly stealing millions from governments

The "VAT carousel" rackets enable criminal gangs to steal millions from the state.

Middle class can no longer pay the costs of tax avoidance, says SDP

It is in Finland’s interest that the EU makes a majority decision to combat harmful tax competition and aggressive tax planning.

Shareholders snub UBS leadership over French tax conviction

A French court in February found UBS guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.

IRS office and field audit priority areas

In mail audits, the IRS has a 90% change rate- meaning many taxpayers owe as a result of IRS audit selection process.

Why substance matters by Rachel de Souza

The change applies to certain tax debts paid by employees and customers

Does the tax system favour big businesses over the interests of SMEs?

Most small and medium business owners are responsible and do their level best to follow the rules, but this snapshot reveals a deeply-held perception among SMEs that our tax system is fundamentally unfair and slanted towards the interests of big business.

More than 500 properties in Croydon owned by tax haven companies

Of these, 575 are owned by companies based in so-called secrecy jurisdictions, or tax havens – countries whose laws allow them to keep their financial activities private or to pay a low amount of tax.

Moore Stephens Jersey retains STEP Platinum Employment Partner accreditation

Employers must evidence a range of standards including a strong learning culture championed from the very top of the organisation

Ireland is a tax haven — and that’s becoming controversial at home

For a long time, Ireland has used taxes to aggressively attract incoming investment. Now this strategy is being questioned.

VAT update: China confirms rate cuts and OECD sets out proposals for online selling

South African legislation which came into effect on 1 April 2019 is likely to have a major impact on foreign companies supplying electronic services to South African consumers and businesses.

Hafeez Sheikh disallows PTI’s tax amnesty scheme

It is unclear if Sheikh has formally joined PTI or not but it is very clear that he has rejected the design of the proposed tax amnesty scheme.

CRA steps up the fight

The Canada Revenue Agency has increased its enforcement on many fronts

If you are a resident Indian, you need to report all foreign assets in your ITR

Residential status in India is determined based on one’s physical presence in India in the current financial year and the preceding 10 FYs

Withholding Tax Changes For Swiss Debt Issuance

While many industrialised countries have abolished WHTs on bonds issued to international investors (ultimately maintaining the competitiveness of their domestic issuers), Switzerland still levies a 35% federal interest WHT on certain types of collective d

Tax hope

This resulted in the OECD’s FHTP announcing at the end of January that Barbados was no longer under threat of a negative listing.