Managers of Wealth Offshore

The Future of Tax Havens: How Global Reforms Are Shaping Offshore Jurisdictions in 2024

The global minimum tax of 15%, tax transparency measures, and the EU's blacklist are reshaping the role of offshore jurisdictions that once thrived on low or no tax rates.

Rediscovered US tax treaty finds new home in national archives

The treaty was a pivotal document, underpinning Bermuda's success as a premier insurance and reinsurance hub.

Guernsey Adopts OECD's Global Minimum Tax Rate of 15%

This 15% minimum rate is achieved through jurisdictions enacting the OECD's Global Anti-Base Erosion (GloBE) Rules.

The rule change that means you CAN avoid inheritance tax

Hundreds of thousands of Britons already abroad may now find themselves exempt from paying UK inheritance tax without realising it

P&R denies ‘chronic failure’ in tax system

POLICY & Resources has rejected the suggestion that there has been ‘chronic failure and inability to manage’ the at the revenue service.

Ministers urged to consider higher inheritance taxes in bid to tackle ‘big wealth’

A report by the IPPR think tank warned that widening wealth divides could lead to fewer life and career opportunities for the less well-off.

Moore Stephens announces acquisition of Bracken Rothwell

The two firms will continue to operate from their existing premises until January 2025 when the Bracken Rothwell team will move into Moore Stephens’ office in St Helier.

Malta Institute of Accountants welcomes 200 new members

Ceremony also recognised top-performing students

Principal Procedural Obligations of a Taxpayer in The Bahamas

The key regulators in the Bahamian tax system are the DIR and the Department of Customs.

FATCA and CRS reporting deadlines for 2025

The Cayman Islands Department for International Tax Cooperation (DITC) has stated that it will consider appropriate compliance and enforcement action

Jersey Adopts OECD's Global Minimum Tax Rate of 15%

These rules allocate taxing rights amongst certain jurisdictions that are relevant to the MNE group.

Guernsey has ‘one shot’ at wind farm

Progress on a wind farm off the coast of Guernsey is starting to move ‘at a pace’, one of the deputies behind it has said.

Govt to prepare incentives packages for top-up tax bill

The government anticipates that it can raise at least $150 million in new tax revenue through the DMTT.

Offshore tax critics cloud JMC meetings

The JMC forum is the first OT summit with the UK’s new Labour Government.

AG: Gov’t to introduce tax incentives under OECD/G20 Pillar II framework

Pillar One remains unimplemented, while this legislation focuses on Pillar Two, ensuring in-scope entities pay a minimum effective tax rate of 15 percent on profits in each jurisdiction.

UK politicians put ‘tax havens’ in the crosshairs as Premier leads talks in London

Labour’s Dame Margaret Hodge and the Conservative MP Andrew Mitchell, writing in the Guardian, criticised “dither and delay” over full public beneficial ownership registers.

Goods and Services Tax: What's the view in Jersey?

At the time critics called for food, children's clothes and school books to be excluded.

Global tax rises leave no one behind, including South Africa

Don’t be fooled by the country’s seemingly low taxes; they’ve gained at a brisk pace as a percentage of economic output.

Key changes in UK’s non-domicile regime overhaul

The headlines are that the remittance basis of taxation will be abolished and replaced with a new residence-based regime.

GST could be set at 8%, warns P&R vice-president

Proposals for a GST from 2027 are not expected to return for approval before the general election in June 2025, so will need to be approved by the next States Assembly.