Managers of Wealth Offshore

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

OECD releases 2017 global mutual agreement procedure statistics

Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Actio

Panama shares financial accounts data with 31 countries

The objective of the process is to comply with transparency of the exchanges of financial entities in the country, as well as to determine and identify specific areas of taxation at the local level.

The ATO is reportedly coming after the big four accountancy firms for tax schemes

The ATO has been looking at thousands of emails and documents that were part of the Paradise Papers as they relate to Australia.

Ireland Budget 2019 adds tax on assets shifted offshore

Both measures are anti-abuse rules that aim to tax multinational firms that transfer assets offshore.

Tax havens refuse to cooperate with FBR

Pakistan is currently investigating data of three leaks about Pakistani offshore investments and — two leaks related to tax havens — Panama and Bahamas — which did not offer to share automatic information with Pakistan under the new tax

UBS Accused of Bond Movie Tactics in Paris Tax-Dodging Trial

They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.

Just six jurisdictions left on EU tax haven blacklist

Liechtenstein and Peru removed from the greylist

Liechtenstein, Peru removed from “grey” list of noncooperative jurisdictions

The listing process is part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation, within the EU and globally

Tax Inspectors Without Borders making significant progress

Audits cover a cross-section of industry sectors including agriculture, construction, financial services, information technology and communications, hospitality, manufacturing and mining.

55% of FTSE100 currently fail to publicly mention tax evasion

Failure to comply with the new law could result in unlimited financial penalties, ancillary orders such as confiscation orders or serious crime prevention orders, and serious reputational damage.

U.S. Takes on Russia’s Favorite Money Haven: Cyprus

Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe

UK introduces new penalties for overseas investors dodging tax

Any individuals who have paid the incorrect amount of tax on overseas income in previous years must have corrected their tax returns by the deadline, or the potential fine will double to 200% of tax owed.

Singapore, Mauritius fight for relevance after DTAA amendments in 2016

Some may move to Singapore from Mauritius as the former is looking to introduce regulations that could help funds better structure their pooling vehicles

Can Taxpayers Rely On Guidance From HMRC?

Despite HM Revenue & Customs bragging about winning eight out of 10 cases that go to court, tax inspector decisions based on their manuals are regularly overturned.

Falcone's Harbinger settles with New York on tax evasion

Offshore Manager's investment activities were led by Philip Falcone.

How the United Arab Emirates became an oasis for tax evaders

The enterprising and tax-shy can still exploit loopholes in the system

Swiss Parliament approves corporate tax reform

Under Tax Proposal 17, Switzerland will repeal the existing special corporate tax regimes