Managers of Wealth Offshore

HMRC publishes new guidance on offshore tax offences

New online guidance setting out taxpayers' responsibilities in respect of offshore income, assets and activities has been published by HM Revenue and Customs (HMRC).

US FATCA and CRS Update - Conyers

All Cayman Financial Institutions must remediate any affected accounts by 31 December 2018 so that they are in a position to report on Controlling Persons who are Reportable Persons under the CRS in 2019 based on the 10 per cent threshold.

Tax avoiders’ accountants may have to give evidence to MPs

Subcommittee of MPs to investigate facilitation of avoidance, in wake of Panama and Paradise Papers

Tax Reform Key To Get Bahamas To ‘Mid-Shore’

Acknowledging the concern and apprehension whenever ‘tax reform’ is mentioned, Mr Paton said it will have to be implemented in a way that broadens the base without increasing the burden on individual Bahamians and businesses.

EU tax committee to focus on Crown Dependencies

Move follows Paradise Papers revelations

Turks and Caicos : Financial institutions must file accounts reports

Financial institutions will be required to notify and report information to the ITA via Exchange of Information Unit (EOIU).

OECD issues interim report on tax challenges arising from digitalization

There is no consensus agreement among countries over the tax implications of scale without mass and a greater reliance on intangibles.

Cayman Islands AEOI portal reopens with new guidance

Cayman FIs with external service providers, such as administrators, undertaking their CRS due diligence should discuss this requirement with their service provider to ensure that it is being met.

Corporate Taxation On The Way For Bahamas

The new Bill also tackles another EU concern by eliminating ‘ring fencing’, or the existence of preferential tax regimes for foreigners/non-resident entities, by enabling IBCs and the other corporate entities to conduct business in the domesti

Revised Swiss corporate tax reform plan unveiled

Following a consultation period, the Swiss government released the final version of its latest reform proposal on Wednesday.

Offshore tax havens with a grip on multimillion pound Islington properties

The collective value of the properties comes to £773m. However, as only a fifth of properties within the data provide a sale price, the true figure could be as high as £3.5 billion.

No fines deducted through “Cayman Tax”

Sabrina Scarna, a tax lawyer with Tetra Law, also believes that the lack of fines is logical at this stage.

Cayman Maintains a Private Equity Pre-Eminence

Cayman continues to refine its laws and regulatory framework to ensure it meets the ever-increasing demands of the private equity industry and has proven its ability to respond and adapt to demands from around the world.

Malta endorses EU tax crackdown

The backing of the amendment follows the release of the EU blacklist in December, which has drawn criticism for not including any EU states.

Guernsey Companies: UK tax residence considerations

Whether CMC of a Guernsey company is exercised in the UK is question of fact.

Tax enforcement and compliance aspects of the UK Spring Statement

The paper is generally focussed on what platforms can do to educate users

Eu Warning To Bahamas: Tax System ‘Harmful’

This criterion was the one used to justify yesterday’s ‘blacklisting’ of the Bahamas.

Dodging Taxes Through Offshore Banks? You're Not Off the Hook

Offshore tax havens are providing more information to U.S. authorities than they have in the past, according to Jonathan Strouse

Spring Statement Tax Bulletin

This is not simply based on raw data but is intended to reflect the depth of user contribution to the profit model of the group.

UBO Register of Trusts The EU's 5th Anti-Money Laundering Directive

This article briefly sets out the changes we can expect, particularly in respect of trusts.