Managers of Wealth Offshore

Caines addresses OECD digital asset roundtable

Bermuda has captured the attention of global leaders in blockchain technology and the field of fintech

Tax residency and the UHNW nomad

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.

Requirement to Correct tax due on offshore assets by SMP Partners

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.

UK tax treaty anti tax avoidance changes to apply from 2019

Changes to many of the UK's double tax treaties will come into force next year in order to comply with internationally agreed measures to prevent tax avoidance.

Jersey signs double tax agreement with UK

This new Double Taxation Agreement (DTA) replaces an existing agreement from 1952.

Jersey trust company forms joint venture in Cyprus

The agreement reached between the business founders Don Wijsmuller and Demos Demou, will allow Whitmill to add a seventh jurisdiction to their international offering

Cyprus – Luxembourg double tax treaty entered into force

This treaty is based on the latest international standards in terms of avoidance of double non-taxation and exchange of information. I

Higher offshore tax evasion penalties explained

Each type of infraction is sub-divided into three categories: non-deliberate, deliberate, and deliberate and concealed.

IOM: 'Double taxation arrangement' renegotiated

It's also designed to comply with the OECD's inclusive framework on Base Erosion and Profit Shifting.

International fight against tax fraud steps up a gear

HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime.

Guy Wildenstein cleared of tax evasion for a second time in Paris

Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities

Isle of Man reiterates zero-tolerance tax evasion stance

There has recently been an increased investment in the Island's financial intelligence and enforcement agencies, while the submission also draws attention to the publication of the Financial Crime Strategy.

OECD launches database with comparable tax revenue for 80 countries

“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.

Landmark tax agreement to strengthen tax treaties enters into force with additional countries joining

The new signatures and the imminent entry into force of this landmark agreement underlines governments’ commitment to update the international tax rules and ensure they are fit for purpose in the 21st Century

The Tax Act Actually Promotes Off-Shore Tax Tricks

The Tax Act creates additional incentives to shift income offshore for purposes of tax avoidance, and what is worse, it creates incentives to shift actual jobs.

HMRC Needs To Do More To Stem Tax Avoidance

CIOT also points out that ‘non-compliance’ is the same if tax avoidance or evasion happens on or offshore, which makes punishing expats and offshore taxpayers unfair.

Bill of law transposing ATAD I submitted to Luxembourg Parliament

ATAD I is the answer of the EU to the recommendations formulated under the base erosion profit shifting (BEPS) initiative

Tax reform positive for US captives but mixed bag for offshore

The briefing sugguested that some parent companies are now considering alternative captive strategies because of the changes.

Govt. moves to protect Samoa from “dirty money”

The bill was tabled with a note of urgency from the Head of State.

ING Belgium accused of helping Russian oligarchs avoid tax

Strawman companies are registered in tax haven companies, but consist of nothing more than a postbox address.