Managers of Wealth Offshore

Ex-States economist condemns income tax hike move

The proposals to increase income tax for two years while looking to introduce GST will be voted on when the entire 2025 budget is put to deputies.

Corporate tax reform plans defeated again

Currently under the zero-ten corporate tax regime most companies are not taxed on the profits they make, whilst the biggest firms pay 10% tax.

KPMG Learning Academy expands professional offerings with ADIT courses

Registrations are now open

UK tax plan for wealthy foreigners risks turning London into ‘bigger version of Bahamas’

Advisers warn British government’s proposal to replace non-dom scheme will attract those seeking short-term tax holidays

Business heads say income tax an 'inadequate tool'

"Income tax does not capture revenue from wealth that remains untaxed under the current system," said the GIBA.

Few Guernsey States members back income tax hike

BBC Guernsey asked members for their views on some of the proposed amendments to the budget, which will be discussed at the States meeting starting on 5 November.

Guernsey Companies: UK tax residence considerations

The articles of incorporation of a company will be a factor taken into account in determining who exercises CMC.

Imbert heads to Paris to sign tax treaty

It aims to promote co-operation among signatory countries in the fight against tax evasion and avoidance by facilitating the exchange of tax-related information.

Search for lower taxes spike from wealthy ahead of UK Budget

Rachel Reeves, Chancellor of the Exchequer, outlined her Budget today which may contain various tax rises for UK residents which Canaccord say has been causing concern for their wealthy clients.

Total tax revenue up by €436.3 million in 2023

Tax burden stood at 27.1 per cent of GDP

Small business owners ‘seriously concerned’ by prospect of Budget tax rises

One said he may need to cut his workforce if the Government increases employer national insurance contributions.

'Governments should raise tax like Isle of Man'

It comes as plans to increase personal income tax from 20 to 22% for two years, have been proposed by Guernsey States as a way to stabilise public finances.

P&R warns of impact if income tax rise defeated

The committee's plans face a challenge from Deputy Peter Roffey who has proposed a package of tax reforms including a 5% GST and lower income tax rates.

Exit tax would not stop flight of wealthy

With the Budget set to hit wealth creators, high net worth individuals and non doms, there are concerns the Chancellor could be eyeing up an exit tax

Luxembourg: new tax measures introduced by the 2025 draft Budget law

To stimulate the housing market, the Draft Law proposes to reduce by half the taxable base for registration and transcription duties on real estate.

DNA director says “Guernsey business is thriving and healthy” as the company sees growth

The company says this supports “DNA’s status as the only Channel Island Xero Platinum firm”.

China is now enforcing offshore income tax. Should private bankers be worried?

“Offshore income has largely been ignored by the tax authorities, but, obviously, that is changing,” a Hong Kong-based wealth advisor told APB.

Minister sets out arguments against pension tax exemption

She said exempting the old-age pension was “unaffordable”, with an estimated cost of at least £21 million per year based on a 2022 assessment.

‘Tread carefully’ on taxing the rich, warns Wealth Club

Ultra-wealthy individuals might move abroad if the tax system in the UK becomes too burdensome

Tax defensive measures against non-cooperative jurisdictions

The latest developments related to the EU List and its impact.