Managers of Wealth Offshore

Inland Revenue must be a ‘well oiled machine’ for corporate tax

Some accountants have suggested these demands are overly burdensome

UK Patent Box

Companies can benefit from an effective 10% corporation tax rate on relevant taxable profits arising from patented technology, medicinal and botanic innovation rights.

Income tax revenue eats away at deficit, as national debt tops €9 billion

NSO figures show 72% deficit drop in May when compared to 2022

'Most Bahamians can't evade their tax liability'

Raising the cap on real property tax affects owners of multi-million-dollar properties – which again, does not include most Bahamians.

Switzerland and France sign an additional agreement supplementing the bilateral double taxation agreement

The additional agreement also updates other provisions in the double taxation agreement between Switzerland and France.

Taxation of Luxembourg Reverse Hybrid Entities: Initial Administrative Circular and Compliance Guideline (Form 205)

Additional administrative guidelines are anticipated, particularly regarding the collective investment vehicle exemption and the hybrid mismatch rules.

Two Saffery Champness professionals recognised by STEP Guernsey

Matthew described Lily as “incredibly driven” and said that she was an excellent role model for the industry’s next generation.

HMRC contact UK residents named in leaked Pandora Papers

The letters, which started going out this month, warn recipients to report all their overseas income or gains that they owe UK tax on, or face penalties of up to 200% of any tax due or prosecution.

Fair Procedures in Irish Tax Appeals

The decision serves as another example of the Irish Courts' reluctance to interfere in the TAC's running of live tax appeals, and as a reminder to taxpayers to prepare and argue their full case before the TAC.

Two Saffery Champness professionals in ePrivateClient’s Next Gen Leaders list

Personable, experienced, highly qualified and adaptable, Matt and Simon each perfectly reflect what leadership should look like

Key tax arrears jump $230m to hit $1.13bn

The data, provided by the Department of Inland Revenue, and based on world tax systems

Brookfield faces allegations of tax avoidance ahead of AGM

Jason Ward, principal analyst at CICTAR in Sydney, questioned whether Brookfield can claim to be a responsible investor.

Opinion: A tax revolution requires caution

The industry has had sufficient obstacles to overcome over the past years

Top 15 Offshore Tax Havens in the World

These havens serve as attractive locations for non-residents who want to minimize or entirely evade tax liabilities without facing any legal complications.

Fiscal consequences of corporate tax avoidance

In principle, as multinationals shift profits to tax havens, this reduces the amount of corporate tax that they pay in their home countries.

Switzerland and Slovenia sign protocol of amendment to double taxation agreement

The protocol implements the minimum standards for double taxation agreements.

The woe of taxing offshore remittances using credit cards

LRS is a provision made by the Reserve Bank of India, allowing Indian residents to send or spend up to $250,000 in a financial year outside the country

Why taxing the world’s biggest companies at 15% won’t fix the gaping hole in global tax rules

Australia’s largest mining companies are notorious for shifting profits to avoid the 30% company tax rate.

BCCEC calls for comprehensive tax reform amid corporate income tax consultations

The current system does not take into account loss-making years and has exhausted cash flow to businesses while hampering their ability to grow and expand by reinvesting in the business.

Minnis blasts government’s “tax crusade”

“On behalf of all Bahamian businesses I am asking, have mercy,” Minnis said.