Managers of Wealth Offshore

Brian Duperreault on corporate income tax

He did not think it would greatly impact Bermuda, capital formation or talent attraction.

Bermuda corporation tax implementation making strong progress

Other countries chose to impose an extra-terrestrial tax which would have enabled it to collect taxes from other countries which did not join the global minimum tax system.

Luxembourg Replaces Tax Treaty Benefits And UCI Residency Certificates Circular

The purpose of the Circular is to provide details on the issuance of residency certificates to UCIs.

Luxembourg Replaces Tax Treaty Benefits and UCI Residency Certificates Circular

Requests for tax residency certificates for RAIFs are to be requested either by the RAIF itself or its depositary.

Premier rejects ‘tax haven’ label amid heightened scrutiny

The report echoed broader international criticism, including calls from UK parliamentarians for public registers of beneficial ownership in British Overseas Territories.

Global Perspectives

Global Tax Update

Bracken Rothwell team moves to Moore Stephens’ St Helier office

The idea of being in a bigger, modern space is motivating and the new office will bring possibilities for better workspaces and better technology. It’s an exciting time for everyone.

Isle of Man Budget 2025 announced

Government revenue spending for 2025/26 is budgeted at £1.46 billion, representing £17,249 for every person on the Island.

Government launches third CIT consultation

In so doing, it has apparently cleared up some concern regarding the availability of mechanisms for disputes and appeals to agency decisions.

'Tax dodgers make it harder to tackle potholes and get bobbies on the beat'

That’s money that we could be using to fill potholes, fund schools and hospitals, improve access to the police and ensure GPs are accessible.

Recent developments in the attitude of the Jersey courts to onshore tax

No tax liability was currently due but would arise in the future, and debate arose as to whether HMRC ought to be notified.

The History of Tax Fraud Goes Back Millennia

An informant reported the scheme to Roman authorities, which isn’t too dissimilar from modern tax enforcement.

Cast your vote for Saffery at the Citywealth Magic Circle Awards 2025

This recognition highlights James’ exceptional contributions to Saffery and the Private Wealth sector.

Accountants honoured with FCPA designation

Their achievements inspire the next generation of accountants, reinforcing the importance of professionalism, mentorship and service.

Mauritius, Bermuda and the Cayman Islands: The trio of ‘tax havens’ fueling Duke’s endowment

The same goes for Bermuda and the Cayman Islands — British Overseas Territories of a similarly small size and little apparent relation to the institution’s educational or health care-related interests.

HMRC spends £785m a year on running digital tax systems

The NAO report said that three of its eight most costly tax-related digital programmes involved remediating legacy systems in 2023-24.

Chief Minister apologises over tax return issues

He said the service was now fully staffed and thanked employees for their hard work and resilience amid criticism.

Federal Courts Authorize IRS “John Doe” Summonses to Trident Trust Entities

The United States is not alleging that any of the entities engaged in wrongdoing. Rather, the IRS uses John Doe summonses to obtain information about possible violations of internal revenue laws by individuals whose identities are unknown.

People 'struggling' ahead of tax return deadline

This will be the first time islanders will be responsible for their own tax returns, regardless of their marital status.

Non-dom tax changes set to be softened following Government rethink

There’s been some concerns from countries that have double taxation conventions with the UK, including India, that they would be drawn into paying inheritance tax.