01/31/2019
The island nation had to conform to international standards on tax matters in relation to the implementation of measures against tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax location
01/31/2019
This information will be regularly reviewed and updated as the outcome of the UK-EU negotiations becomes clearer in the coming weeks.
01/31/2019
This is unlikely to change under the AML/CFT regime, but CIMA will expect fund managers to check that the service provider’s AML measures are sound and robust.
01/30/2019
As part of the program, taxpayers would receive protection from criminal prosecution for failing to previously report their foreign accounts and the income from those foreign accounts
01/29/2019
The tax measure, first unveiled in the 2018-19 federal budget, was aimed at stopping some high-profile individuals creating sneaky structures to minimise the amount of tax they pay.
01/29/2019
Class B, C and D licensees totaled 703 — up from 696 in 2017 — with 21% of insurers in these groups were formed as segregated portfolio companies, according to the statement.
01/29/2019
Also at the seminar in London, lawyer Stephen Ozanne, Senior Associate at Walkers, provided a briefing on the impact and potential of the island’s recently-lodged ”smart contracts” and “electronic agents” legislation.
01/29/2019
The assessment of preferential tax regimes is part of ongoing implementation of Action 5 under the OECD/G20 BEPS Project.
01/28/2019
Tax reforms, including the lowered U.S. corporate tax rate of 21 percent from 35 percent and the base erosion and anti-abuse tax, have eroded Bermuda’s pricing advantage relative to the U.S.
01/28/2019
Mr Burt added that the new office had been set up because constant engagement with the EU was needed instead of “shuttle diplomacy”.
01/28/2019
'This makes previous money laundering cases look like child's play'
01/27/2019
The UB recently added more advanced courses in arbitration to its law programmes and is working to create a Centre of Excellence.
01/25/2019
This is particularly true of South Africans living in low tax jurisdictions like Dubai - where no income tax is levied - who may have built up substantial offshore assets with tax-free income.
01/25/2019
Premier Alden McLaughlin said the jurisdiction was doing all it could to meet the continuing challenges faced by the financial sector.
01/25/2019
Both issues are core principles of current tax systems, determining if a jurisdiction has the right to tax an event, and how the taxable basis should be determined.
01/25/2019
The provisions of the agreement will apply to amounts paid or credited on or after 1 January 2020
01/25/2019
Similar laws were introduced in other zero or low corporation tax jurisdictions such as Belize, Seychelles, Mauritius, Cayman Islands, Bermuda, Jersey, Guernsey and the Isle of Man.
01/24/2019
The threshold is $10,000, and you can meet it by holding $10,000 in a single bank or brokerage account offshore or by holding an aggregate of $10,000 spread among multiple bank or brokerage accounts outside the United States.
01/24/2019
Tax evaders who are an economic menace to the society
01/24/2019
Warnings were given that attempts by the UK parliament to legislate for the Crown Dependencies on domestic matters would run contrary to constitutional conventions.