Managers of Wealth Offshore

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.

Latest Developments in relation to the Market Abuse Regulation

ESMA has been asked to provide its contributions by no later than 31 December 2019.

RISA Bahamas to host Insolvency Roundtable – Legislative Reform

This event will bring together RISA Bahamas members and other experts in order to meet, discuss and learn in the company of experienced practitioners.

Ogier’s At a Glance Guide to BVI Wills for non-doms

BVI law distinguishes between movable or personal assets and immovable or real estate assets.

11 Indians get notices in a day as Switzerland steps up process to share banking information

In April also, some such notices were issued including to one Mrs. J N V, as also to Mr. Kuldip Singh Dhingra and Anil Bhardwaj, among others.

Mauritius amends country-by-country reporting rules to add penalties for noncompliance

Reasonable ground, in this case, does not include failure to carry out an act either due to insufficiency of funds or reliance upon another person, the new guidance states.

India-Marshall Islands tax information exchange agreement enters into effect

This information generally relates to the determination, assessment, and collection of taxes; the recovery and enforcement of tax claims; and investigations, including prosecutions.

Deadline approaches following amendments to Bermuda's funds regime

The amendments were adopted under the Economic Substance Act 2018

The Final Chapter? Winding Up The Z III Trust

In the latest instalment, all parties agreed that the Z III Trust should be wound up

EU removes Bermuda from 'blacklist' of non-cooperative tax jurisdictions

Premier Burt and finance minister Curtis Dickinson explained to European tax officials the reasons for which there was a technical omission in its Economic Substance Regulations submission

Barbados drops visa requirements for these 8 African countries

The new implementation affects countries including Cameroon, Ethiopia, Liberia, Morocco, Senegal, Rwanda, Burkina Faso and Ghana from which Barbados receives a lot of visitors and has several ties.

Central Bank Partners With Industry On Finance Literacy

This event is bringing together all of the clearing banks to give Bahamian consumers as much support as possible in building and maintaining a strong financial future for themselves and their families,”

Barbados Scraps Visa Requirements for Several African, Asian and Gulf States

In addition, Barbados has an honorary consul present in Monaco and visa requirements have also been lifted for that nation.

Kenyans wire back Sh1trn in offshore bank accounts

Wealthy Kenyans have traditionally stashed wealth abroad to either escape the taxman’s scrutiny or to spread their risks by investing in the more politically and economically stable Western democracies.

Henfield: Bahamas welcomes legitimate investments from any country

The report was circulated on social media platforms and was the topic of discussion on many radio talks shows.

Update On Economic Substance Rules For Guernsey Fund Managers

Guernsey tax resident fund managers, who are licensed to carry on controlled investment business in relation to collective investment schemes under the Protection of Investors

How Latin American trade with UAE will be enabled by Panama

Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America

Lawyers Warned Not to Help Break Law in Wake of Tax Scandals

The OECD said the report “shone a spotlight” on lawyers’ role.

Regulation, Risk & Compliance