Managers of Wealth Offshore

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.

U.K. Government Refreshes Its Crackdown on Offshore Tax Evasion

In addition, the Panama Papers cited almost 2,000 U.K.-based intermediaries that helped individuals or entities to evade tax.

Big banks and hedge funds face tax hit to their offshore banking units

The cost of the OBU tax break to the government has risen to $325 million a year, up from $200 million in 2013-14 and $160 million in 2006-07, according to Treasury figures.

Romania’s Chamber of Deputies votes offshore law with amendment on stable taxation

The taxation framework remains the one proposed by PSD earlier this year.

New IBC regime approved to replace existing HQ regimes

Thailand must implement the four minimum standards (i.e. countering harmful tax practices, preventing treaty abuse, transfer pricing documentation and enhancing dispute resolution).

Draft regulation addresses requirements under new “horizontal monitoring” procedure

Horizontal monitoring involves ongoing communications with the tax authorities to discuss and resolve issues in lieu of a standard tax audit, thus giving taxpayers more certainty.

Introduction of Country-by-Country reporting in Curaςao

Part of the new law concerns the master file and local file that needs to be available for the Curaςao Tax Department.

Chinese Film Companies Flee Desert Tax Haven

Official representatives of Khorgos and representative agencies were advocating the scheme.

Returning expats face property tax bombshell

Wales and Scotland have different rules on stamp duty.

Guernsey introduces new Revenue Service to integrate income tax and social insurance functions

Mrs Arstall said: "The launch of the combined service is to be welcomed as establishing a platform to deliver more efficient processes, reduce operating costs and enhance user satisfaction through the introduction of improved digital services and the

World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

Dubbed the Cumex Files, the investigation reviewed 180,000 secret documents from banks, stock traders and law firms over a period of more than a year.

OECD issues guidance on 'golden passport' tax abuse

Financial institutions need to ask additional questions to prevent residence and citizenship by investment schemes being used as tools to hide assets from the tax authorities, the Organisation for Economic Cooperation and Development has said.

Tax authorities update tax haven guide

Countries are deemed to be tax havens or to have a preferential tax regime if they apply a special beneficial tax regime to nonresidents (either companies or individuals) with a view to attracting capital and/or investment.

Santander is latest bank targeted in Germany's giant tax fraud probe

Santander's role in the scheme was to carry out trades, the prosecutors say, as one of many parties involved.

Haven’s above: How ‘no deal’ Brexit could bring tax hikes or tax haven status by Chris Etherington

The hope, presumably, is that by lowering income taxes, the UK economy will receive a shot in the arm by supporting existing wealth-creators and attracting new ones.

Upbeat Bankers Want To Pay Less Tax

The banks are also said to be collaborating to build out and secure digital banking channels to reduce long in-bank lines to ease customer pain and shave staff costs.

ASC 740 Insights

Tax and accounting highlights

Offshore wealth: loopholes found in EU anti-tax evasion rules

Foreign accounts can still be kept secret from tax authorities, says report

More than 160 celebrities nominated for honours have been secretly 'blacklisted' over tax dodging

Checks are carried out to ensure The Queen does not end up embarrassed by who she honours

Japan tax watchdog obtains data on 400,000 overseas accounts

Citizens reported only around 9,000 foreign accounts in 2016