07/17/2018
As the International Consortium of Investigative Journalists and its partners have reported, the offshore financial services sector represents a major contributor to growing global inequality
07/16/2018
The move means renewed momentum for a years-long tussle between Swiss banks and American officials which began with a criminal investigation into a first group of banks including UBS, Credit Suisse, Pictet and others.
07/16/2018
A conviction for any of these offences can lead to a custodial sentence for up to 6 months and, an unlimited fine in England and Wales, or a fine not exceeding £5,000 in Scotland and Northern Ireland.
07/13/2018
They began their research by comparing the profits made within a country to the amount of corporate activity.
07/12/2018
Banks, asset managers, and trusts all fall under the financial entities required to report with the CRS
07/12/2018
On 6 July 2018, the UK Government published its response to the consultation (the Response), together with draft legislation covering certain aspects of the proposed changes.
07/11/2018
DAC 6 to give teeth to BEPS in the EU - New disclosure rules for advisers and clients on cross-border transactions
07/11/2018
Passive income held offshore may benefit from arcane provision
07/10/2018
The proposal intends to force corporations to pay tax where they generate profit, rather than shifting profits to tax havens, by requiring them to publish information on every country they operate in.
07/10/2018
The draft legislation contains the core provisions as laid out in the original consultation document, but with some changes following the consultation responses.
07/10/2018
The OVDP involves a formulaic deal where at least the penalties are capped.
07/09/2018
Apple, Google and other big multinational corporations often make the front page when it comes to tax avoidance, but similar practices are also used by smaller players.
07/09/2018
Established deadlines are noted along with appropriate measures to be implemented if the account holder does not respond in a timely and appropriate manner.
07/09/2018
The UK does still have one significant disadvantage namely the 20% withholding tax imposed by UK domestic law on “yearly interest” that arises in the UK is paid to persons whose “usual place of abode” is outside the UK.
07/09/2018
The FIs must then send this information to their local tax authority.
07/09/2018
Too many lines of communication inevitably add to bureaucracy, delay and costs
07/06/2018
The network will allow over 100 committed jurisdictions to exchange CRS information in September 2018 under more than 3200 bilateral relationships that are now in place, an increase of over 500 since April of this year.
07/06/2018
Bermuda has captured the attention of global leaders in blockchain technology and the field of fintech
07/05/2018
Geographical mobility for the wealthy has in recent years become common place, and brings with it both challenges and opportunities which arise from choices made by the tax nomad on tax residency.
07/05/2018
The RTC applies to people who pay tax in the UK and relates to Income Tax, Capital Gains Tax or Inheritance Tax for any period where HMRC could raise a review as at 6 April 2017.