Managers of Wealth Offshore

EU says part of UK tax scheme was illegal aid for multinationals

The rules allow UK tax authorities to allocate all profits artificially diverted to an offshore subsidiary back to the UK parent company.

British Virgin Islands: A Solution To An Unusual Predicament

The BVI Commercial Court held that the scheme of the Business Companies Act was to require three conditions

Court nullifies Kenya’s tax deal with Mauritius

The continental initiative, which promotes accountable and progressive taxation systems said Kenya failed to subject the tax agreement to the due ratification process in line with the Treaty Making and Ratification Act.

European Investment Fund able to invest into Guernsey again

Confirmation earlier this month that the island’s legal substance requirements were considered compliant with EU requirements, has meant that the European Investment Fund is once again permitted to invest into Guernsey funds.

Guernsey to the rescue for in-deficit pension schemes

Defined benefit pension schemes are exposed to longevity risk as they guarantee lifetime benefits for members.

Government warned that corporate tax avoidance crackdown is ‘damaging Ireland’s competitiveness’

Big four accounting firm Deloitte warned that the government was going too far in its efforts to be seen to lead on international best practice.

Why is Ireland facilitating tax avoidance?

There is clear and growing evidence that Ireland is still acting as a “conduit”, facilitating large-scale tax avoidance.

Guernsey reopens investment talks with EIF

The EIF is a specialist provider of risk finance for small and medium-sized enterprises across Europe, backed by the European Investment Bank, European Union and a range of public and private banks and finance institutions.

European Investment Fund able to invest into Guernsey again

The move will be welcomed by the Guernsey funds industry.

BVI’s place in the corporate/M&A landscape of SE Asia

A significant increase on new incorporation numbers for the first three quarters of the two previous years.

EU demands members ‘phase out’ golden visas

The schemes jeopardise and pose security risks to the bloc, European Commission says EmailFacebookTwitterLinkedInPrint

Central Bank denies “disrupting” activities of Atlantic International

Atlantic International continues to fight a civil matter in the United States related to the Sanctuary Belize real estate scam busted by the U.S. Federal Trade Commission, in which it denies wrongdoing.

Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls

The accreditations are objective proof of our strong control environment.

Hong Kong removed from EU watchlist on tax cooperation

The EU list of noncooperative jurisdictions was initially released in December 2017 as part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation within the EU and globally.

‘Uneven’ Financial Access Is Hidden In The Bahamas

“On a per capita basis, The Bahamas has the third highest GDP in the Western Hemisphere.

CARICOM says EU blacklist of some member states is an “infringement of sovereign rights”

The EU also placed seven other CARICOM member states on a monitoring list as the governments committed to undertake reforms by December 2019.

£125m paid out to Harlequin resort investors

The companies dealt with the marketing, sale and construction of resorts on the Caribbean islands of St Vincent and Grenadines, St Lucia, Barbados, and the Cayman Islands.

European Parliament report accuses seven countries, including Cyprus, of acting as tax havens

Lawmakers said EU states should “phase out” as soon as possible all existing schemes to market citizenship and residency permits to wealthy foreigners. Currently 20 of the 28 EU states run these programmes.

Bermuda sending team to Europe to discuss removal from EU blacklist

The EU released its updated blacklist, which is part of its strategy to clamp down on tax evasion and avoidance, earlier this month, featuring a number of new additions including Bermuda.

Bahamas $750m Bond Missed Global Standard

The standard also includes a simpler, more efficient voting mechanism for creditors to vote their acceptance or rejection, meaning CACs are designed as a tool to make debt restructurings easier for all countries.

Regulation, Risk & Compliance