06/13/2018
British overseas territories in talks to keep tax haven secrecy
UK plan to impose public registers of share ownership sparked protests and calls for constitutional separation
Tax
06/13/2018
Cayman Islands financial institutions to face new CRS reporting thresholds, self-cert requirements
A Cayman financial institution is required to determine the residence of not only its direct account holders but also, in the case of passive non-financial entities (NFEs), the residence of the ‘controlling persons’ of the entity.
06/12/2018
Yanis Varoufakis: Ireland a tax haven ‘free-riding’ on Europe
Former Greek finance minister says Ireland remains deeply divided since crash
06/12/2018
Bitfinex Begins Sharing User Tax Data With Regulators
Bitfinex has outlined a new KYC policy, in an email issued to a portion of its user.
06/11/2018
Are foreign trusts still relevant for South Africans?
More specifically, with the implementation on March 1 2017 of Section 7C of the Income Tax Act, which addresses low or no interest loans to trusts, the 2018 tax year marks the first year where South African taxpayers are subject to a Section 7C liability.
06/11/2018
Why Tanzania is now haven for secret offshore accounts
Not signing MATM means Tanzania is not obliged to providing financial information on companies or individuals with funds in Tanzanian banks and financial institutions.
06/11/2018
Offshore offence: HMRC’s tax evasion hunt has begun
For those with extensive offshore arrangements, it is particularly important to review these to make sure that they remain compliant.
06/08/2018
Public sector pension funds put millions in tax haven-linked PFIs
Report traces nearly 30% of investments in Scottish schemes to offshore firms
06/08/2018
How tax compliance in Luxembourg is changing
With global accountability the ‘new normal’, it’s more important than ever to understand your tax compliance obligations in Luxembourg.
06/08/2018
Offshore links to Scottish private finance deals revealed
The Scottish Government accepted that it wasn’t possible to prevent offshoring “in the current open market economy” but pointed out that all SFT projects paid relevant UK taxes.
06/08/2018
Should HMRC have more time to investigate offshore tax?
But, and as we all know, mistakes happen and the current legislation allows a 4, 6 and 20 window for HMRC to reopen tax returns.
06/08/2018
Ansbacher providing seamless solutions for tax reporting
Client requests have reportedly led Ansbacher to outsource a better and seamless tax reporting practice.
06/06/2018
$12 trillion ‘phantom’ corporate investment – it’s not just about tax avoidance by George Bull
Using the latest transparency data, a report from the International Monetary Fund estimates that multinational corporations have invested $12 trillion in empty shell companies. On top of that, around $7 trillion of personal wealth is held in tax havens. W
06/06/2018
HMRC tax evasion investigations up by 20%
In 2015, HMRC was looking at 2,972 cases, which increased to 3,216 in2016-17 and 3,809 in 2017-18 – an 18% year-on-year increase.
06/05/2018
Scrapping inheritance tax won’t make divorce easier
Proposals consider being able to gift up to £125,000 per person as a lifetime gift without payment of tax.
06/01/2018
EU puts US on the clock for tax blacklist
If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.
06/01/2018
Beware: executors are liable for inheritance tax
When that person dies, you, as executor, will be expected to deal with their estate, making sure that their will – if they had one – is respected.
06/01/2018
Offshore tax measures behind UK evasion spike
HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.
06/01/2018
Two Caribbean Countries Removed from EU Tax Haven Blacklist
“EU experts have assessed those commitments… [and] implementation of their commitments will be carefully monitored by the working group responsible for the listing process (code of conduct group),
05/29/2018
Retail millionaire to bankroll hunt for wealthy tax avoiders
For business, reputation is everything. And Britain doesn’t like tax avoiders.