Managers of Wealth Offshore

Bermuda Corporate Income Tax: Considerations for Captive Insurers

A Bermuda captive insurer that falls "in scope" will need to assess its tax liability under the CITA

Canadian government owns Scots property via tax haven

Aimco “invests globally on behalf of pension, endowment, insurance and government fund clients in Alberta” and manages £90bn in assets.

Deloitte welcomes 17 new recruits to the Jersey office

These seventeen new team members bring a diverse range of skills to strengthen the Audit and Assurance, Tax and Advisory teams.

New Luxembourg Tax Reforms Aim to Boost International Business and Investment Appeal

This update summarises specific proposed changes and what they could mean for overseas investors.

Luxembourg announces new tax measures to boost competitiveness

Luxembourg companies with taxable income exceeding €200,000 will benefit from a reduction in corporate income tax from 17 per cent to 16 per cent.

Tax regime 'could generate £90m annually'

"In Guernsey we expect the annual revenue from these companies to be in the region of £40m."

PwC Malta releases second Economic Outlook for 2024

Edition highlights moderation in economic activity in Malta and Gozo across various sectors

A practical guide to tax in commercial property transactions in Jersey

The rates of stamp duty payable on commercial and residential property vary slightly.

Fears over energy tax rises as business confidence falls

They pay 30% corporation tax on profits as well as a supplementary 10% rate.

Delhi HC overturns AAR ruling on Tiger Global-Flipkart transaction

In the 200 plus page order, the court held that TRC issued by a jurisdiction is “sacrosanct” sans tax fraud/sham transaction proof presented by the revenue department.

International Tax Review Ranks Maples Group’s Multi-Jurisdictional Tax Teams as Leading Tax Practices

Tax Consultant Ted O’Byrne in the firm’s Irish office was recognised as a “Rising Star”.

Laundered proceeds of alleged global tax fraud held with bank in the Isle of Man

The amount involved is said to be around $2bn

UK offshore sector warns of risks of further tax hikes

The government has committed to working in partnership with industry

Bahamas CIT to unlock $140m revenue stream

The Domestic Minimum Top-up Tax Bill 2024 is in draft form, promising the possibility of adding more than $140 million in new annual revenues to the country’s treasury.

15% Global Minimum Tax Rate: Draft Legislation lodged in Jersey

The draft legislation is expected to be debated in early October, with a view to the new rules coming into effect on 1 January 2025.

Bermuda launches consultation on income tax

The consultation states that a tax collection agency will be established to collect the tax, which will be done digitally.

Wealthy Indians Offshore Property Deals To Be Under The Tax Lens

For the first time, residents are being questioned about property acquisitions in countries that were previously not under the taxman’s radar for realty investments.

Global 15% corporate tax revenue estimates kept under wraps

That upgraded forecast was the foundation for political support which saw the multi-million-pound funding for the new post-16 education campus be approved after the project was initially sidelined.

Bermuda Corporate Income Tax and the Shipping Income Exclusion

These groups are defined as those operating in multiple jurisdictions with consolidated revenues of at least €750 million in two out of the previous four fiscal years.

Shipping and Bermuda’s Corporate Income Tax Act

The clue is in the name but take note of the international nature of the definition.