Managers of Wealth Offshore

Bahamas recommended for removal from EU tax blacklist

The Bahamas, along with three other jurisdictions was added to the EU’s controversial blacklist on 13 March.

OECD addresses the misuse of residence/citizenship by investment schemes

The substantial amount of input received in response to the consultation further underlines the importance of the OECD's actions in this field.

Softbank failed to report Bermuda earnings

The US companies had arrangements to divert part of the money they paid for business purposes to their subsidiaries in Bermuda so as to maximise profits, according to the newspaper.

UK government tackles tax avoidance involving profit fragmentation

The schemes involve skilled individuals, for example entertainers or asset managers, whose profits from earnings are moved to an offshore company that is often owned by an offshore trust.

SoftBank fixes tax filings for unreported earnings

The amendments come amid increased scrutiny of the use of tax havens by technology giants such as Google Inc., Apple Inc. and Amazon.com Inc.

Irish angle in audacious $230m Russian tax fraud

Among those who travelled were Artem Kuznetsov, then a lieutenant colonel in the ministry, and Dmitry Klyuev, a convicted fraudster and owner of the Russian bank, Universal Savings Bank.

Undisclosed income in Panama Papers now over Rs 1,000 crore: I-T

The Central Board of Direct Taxes (CBDT) has also informed Das that investigations into the Paradise Papers are at a preliminary stage.

New ITR forms make it difficult to evade tax on HRA: Here's why

The Government's focus on e-assessments is another endeavour to use information technology to effectively assess tax returns and plug tax avoidance.

Overtaxed Saffas flock to Portugal as swallows

Tax-battered wealthy South Africans, hoping to protect their retirement income are retiring to Portugal for six months a year on the country’s Non-Habitual Residence programme, with its attractive 10-year tax break.

Revisiting Panama: Pakistan’s tryst with tax havens

This colossal data leak, the first of its kind, was analysed for a year and compiled into what is now known as the Panama Papers.

Cyprus – UK Double Tax Treaty

The New Treaty updates the one signed by the two countries in June 1974 which came into effect in March 1975

Global Forum issues tax transparency compliance ratings for nine jurisdictions

The Global Forum now includes 150 members on an equal footing

Global network for the automatic exchange of offshore account information continues to grow

Changes reflected in this second edition of the Handbook offer further guidance on the features of the legal framework of the CRS

Pilatus auditor KPMG says it acted professionally in dealings with private bank

Audit firm whose partner also attended Pilatus chairman’s wedding says it has acted professionally and ethically

Financial secrecy Philippine style

Granted, most of the money was simply being hidden from current or ex wives, boyfriends, business partners and taxing authorities, in a few cases the funds were exceedingly dirty.

Accountants on Bermuda will merge into umbrella representative body

CPA Bermuda is very pleased to welcome these individuals as CPA Bermuda members who upon membership, can use their home designation in the Bermuda market.

Owning UK homes through offshore companies falls 22%

Holding properties in foreign structures loses allure since tax crackdown

Australia Provides Update On International Tax Enforcement

Next he discussed the transfer of intellectual property offshore, describing it as a growing concern for the ATO

TV star facing huge bill after investing in £500 million offshore tax avoidance scheme

The actor, who plays Ken Barlow, invested in Twofold First Services LLP, owned by a company in the Cayman Islands

Offshore UK jurisdictions react to latest tax avoidance inquiry

Awareness of the inquiry was heightened by the publication in the UK’s Guardian newspaper, also last week, of comments on the matter by John Mann, a Labour party MP who is chairman of the Sub-Committee overseeing it.