Managers of Wealth Offshore

Mission to promote islands financial brand

The Isle of Man is a stable, strong and secure environment coupled with a pride in the high levels of service it provides through its well established and reputable financial services businesses.

Award For Consumer Finance Outreach

The Awards, presented by TV personality Chris Hollins, were held in the newly renovated Painted Hall in the Royal Naval College in London.

Automatic exchange of information: What’s in it for the Philippines?

AEOI was conceptualized to promote tax transparency and curb tax evasion.

Sandpiper lists on TISE

Sandpiper has also entered TISE’s Channel Islands market segment, which is dedicated to trading companies operating from Guernsey or Jersey which issue equity that is listed on the Exchange.

European banking regulator worried about MFSA supervision

FIAU providing ‘regular updates’

Termination of Guernsey Discretionary Trusts

This case confirms that Section 53(3) of the Trusts Law creates a separate statutory mechanism in Guernsey

International Reporting Standards Tighten The Noose On Family Office Offshore Investments

The federal law also requires all U.S. citizens to self-report their non-U.S. financial assets annually to the Internal Revenue Service.

Financial Services Ministry Rejects Corporate Tax Haven index Ranking

It should also be noted that Cayman maintains a high level of international tax cooperation, which has been recognised and acknowledged by foreign competent authorities

Luxembourg imposes reporting requirements regarding blacklisted countries

The file should be kept at the registered office of the company and must be made available on request to the tax authorities as part of a review of the tax return or an on-site inspection.

Barbados Clashes With Creditors in Talks to Cut Greece-Like Debt

While both sides said they are open to continued negotiation, they appear far from consensus.

Insurers to consider marijuana position

For recreational use of the drug, Government said a referendum would have to be taken among the population.

International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy

The 129 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) adopted a Programme of Work laying out a process for reaching a new global agreement for taxing multinational enterprises.

Bahamas to give tax residency certificates to permanent residents

The OECD has suggested that residence-by-investment schemes could "offer a back door to money launderers and tax evaders" by circumventing the Common Reporting Standard

One in three tax advisers unregulated by professional bodies

Although HMRC has no regulatory powers over tax agents, a catch-all which includes accountants, bookkeepers and tax advisers, the government strongly recommends that tax agents adhere to the Professional Conduct in Relation to Taxation

New framework for funds recognition established by Dutch and Hong Kong regulators

“The new arrangements will lead to smoother operations in areas such as information exchange, regulatory cooperation and ultimately the authorisation of funds,” said ZEDRA Hong Kong Managing Director, John Ashwood.

Bahamas Central Bank Targets 2020 Launch for Its Digital Currency

The central bank has yet to announce on which Family Islands the pilot program will be run

Pensions Board makes Brac presence official

All PSPB Cayman Brac members are invited to the opening “to learn about their available on-island supports and provide input to the PSPB on how to continue to expand services and supports”, stated the release.

NGO blames territories for tax system failure

The Corporate Tax Haven Index ranks countries by their “complicity in global corporate tax havenry”, the tax advocates say.

Regulating the regulators: the importance of public law

For almost all company decisions, the decision-maker is governed by a simple requirement, that they have to act in the best interests of the company.

IRS Summons for Law Firm Client Data Is Enforceable

The IRS had previously examined an unidentified client of the Lohmeyer Law Firm, who admitted to failing to report $5 million in income in an undeclared offshore account.

Regulation, Risk & Compliance