Managers of Wealth Offshore

Revenue nabs 190 Irish residents for hidden offshore assets

Hunt for offshore evaders was announced last November as amnesty window closed

Canada Revenue Agency lauds its war on tax evasion

According to the CRA, “Canada is committed to combatting offshore tax evasion and aggressive tax avoidance."

Offshore Hedge Funds to Be Targeted by New IRS Rules Coming Soon

The soon-to-be-released rules will also likely encompass “quite a few other issues”

Consultation signals start of crackdown on tax-avoiders

The consultation period will run until January 18.

IRS Catches $10 Billion in Tax Fraud in 2018

The U.S., U.K., Canada, Australia, and the Netherlands formed the Joint Chiefs of Global Tax Enforcement earlier this year to share data, intelligence, technology, and methods to fight offshore tax crime.

U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens

Tax experts say the driving force behind the move away from the most flagrant tax havens is a series of requirements from the Organization for Economic Cooperation and Development intended to stop companies from shifting profits abroad.

Last chance for non-compliant taxpayers to come clean, says EY

He said it was crucial for them to disclose their source of funds before the IRB receives such information through exchange of information measures.

Netherlands to close tax avoidance loophole

Despite being the legal heart of Google’s intellectual wealth, Google Netherlands Holdings had no employees and paid a tax bill of €2.8 million.

Taxman To Tackle Wealthy Families With Trusts

Trusts set up as part of estate planning exercises to minimise inheritance tax are specific targets for the consultation.

The ex-wife, the offshore bank accounts and the $14 million tax bill

Now the fallout has spilled into public view after Ms Doyle applied for a stay in proceedings in the NSW Supreme Court where the tax office has lodged a statement of claim against her over a $14 million tax bill.

EU targets tax loopholes on Isle of Man and Italy

The Isle of Man and Italy have reportedly given illegal tax breaks to some of the world’s wealthiest people over their purchases of private jets and yachts. And now the European Commission has launched infringement proceedings.

UK renews crackdown on offshore tax evasion

This legislation is expected to come in the 2018-2019 finance bill, according to the budget.

Budget 2018 – Key highlights for international clients

We have pulled out a few of the key highlights for our international clients and their advisors, along with a recap of some of the major changes coming up in 2019 and 2020.

EU plan to tax Facebook, Amazon heads for Brussels showdown

Spearheaded by France, the plan has met resistance from countries such as Ireland and Sweden, which question the wisdom of the EU going it alone given the global nature of digital services.

Switzerland to amend definition in the CRS

This article discusses the change announced in the FAQ, details the jurisdictions affected and highlights the key obligations and considerations for Swiss FIs in complying with the amendment

Crown dependencies to comply with EU tax regulation

Guernsey and Isle of Man join Jersey to avoid EU tax haven blacklist

Japan lands trove of offshore asset data to fight tax evasion

Half a million overseas accounts identified through reporting program

Ecuador joins international efforts against tax evasion and avoidance

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

Labor plans crackdown on deductions for travel to tax havens

Anyone wanting to claim back costs of visiting a designated tax haven would have to convince the tax commissioner

Applying for China’s DTA Benefits in Profit Repatriation

Other details in the DTA must also be satisfied to determine whether the applicant is qualified, and whether the applied benefits are eligible to be enjoyed.