Managers of Wealth Offshore

4 Chinese Tycoons Transfer $17B to Trusts as Taxes Loom

All of the four Hong Kong-listed companies but Sunac cited succession planning as the purpose of the transfers.

Cyprus: Tax treatment of non-returnable capital contributions

The Tax Department also pointed out that the deductible expenses in relation to the financing of the non-returnable capital contributions shall not be allowed.

Economic Substance: The Beginning Of The End Or A New Beginning For Offshore Financial Centres?

This has led to OFCs adopting economic substance legislation which will have a profound effect on OFCs and may dramatically alter the shape of their economies.

Corporate tax revenue remains high despite falling rates

The share of corporate tax revenues is even more significant in developing countries, representing 15.3 percent of all tax revenues in Africa and 15.4 percent in Latin America and the Caribbean.

Google South Africa’s tax mystery

The scheme used by Google, dubbed Double Irish, is a “base erosion and profit shifting” corporate tax tool used by US multinationals to avoid corporate taxation on their international profits.

Four Chinese tycoons just transferred US$17 billion of their wealth to trusts as government toughens up tax regime

Sunac’s founder Sun Hongbin, Longfor’s Chairwoman Wu Yajun, and the magnates of Dali Foods and Zhou Hei Ya all transferred their wealth to trusts

UK tax on offshore intangibles: 'serious' compliance issues

The new income tax charge on offshore receipts in respect of intangible property (ORIROIP) was announced in October's budget and is due to apply from 6 April 2019.

IRS Issues Final Tax Rules for Offshore Corporate Cash

The IRS, which is one of the agencies affected by the shutdown, has a separate budget to work on

Deutsche Bank prosecutors obtain client list during raid

List contains names of individuals and entities mostly located outside Germany

Everald Dewar | A Marriage Aimed At Combating Tax Avoidance, Evasion

Any company in Jamaica can utilise the opportunity of using legal loopholes to shift profits offshore, minimising its taxes by what is widely known as base erosion and profit shifting, or BEPS.

'Ireland needs to prepare for future and give US firms reasons to stay'

Predicting that "it won't last for another 20 years", he said Ireland needed to create "more value added" and give the multi-nationals "another reason to stay".

End To Tax Preferences ‘Bites’ Exchange Control

While there was no mystery about how the Government intended to bring IBCs and the other three named products into compliance with the EU’s demands, he added that “of lesser clarity is the intended effect of the fairly general language”

How tax reform in Costa Rica will affect your business

A 2% tax will be levied on medical products, raw materials and machinery used for production, insurance premiums, purchase and sale of university issued products. Basic food necessities from a specific list will be charged a 1% tax.

Seoul to crack down on offshore tax evasion

Under the change, holders of, or those who have de facto control over an overseas financial account with 500 million won ($446,000) or more in countries with which Korea has no tax treaties, will no longer be able to avoid regular tax filings.

TCI added to Dutch tax haven blacklist

The list will be used in relation to three measures to combat tax avoidance.

Many caught in tax avoidance scheme await final settlement

Around 60% of people affected yet to receive calculations from HMRC

Google stashed billions in offshore tax haven

Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close.

Jersey and Guernsey added to tax evasion blacklist

The ministry says it's just one of the tough measures the country is taking to tackle tax evasion.

Anguilla, other Caribbean islands on tax haven list

The black list will be used in a series of measures to combat tax evasion.

Barbadians given more time for tax amnesty

The ministry has agreed and the authority will be accepting applications until Friday, January 4, 2018.