Managers of Wealth Offshore

States Should Be Doing More About Corporate Tax Avoidance. New Mexico’s Tax Conformity Law Shows How.

It is the somewhat reworked successor to GILTI, or Global Intangible Low-Taxed Income (GILTI), which was first enacted at the federal level in 2017.

Guernsey industry group urges alternatives to goods and services tax

Garin Dart, CGi Chair, said: “We have been unequivocal for many years in opposing GST as it is regressive."

Labour calls for tax investigation into Reform's Tice

Tax avoidance is different to tax evasion, which is a criminal offence.

Korea, Cambodia deepen tax cooperation amid rising offshore evasion

The NTS said both sides agreed that closer cooperation had become more important as offshore tax evasion grows more sophisticated

Revenue service opens 2025 returns despite backlog

Although some islanders are still waiting for an assessment or repayment, the Revenue Service encouraged people to complete their 2025 tax return.

P&R takes territorial tax idea off the table altogether

It is a move that is sure to please the island’s financial services industry

Raise taxes on super rich New Brunswickers instead of cutting services: open letter

Grassroots group calls for change in response to pre-budget consultations foreshadowing austerity measures

DPM: Government will be “watching the tills” to ensure VAT savings reach consumers

He noted that consumer protection authorities will closely monitor retailers to ensure that the benefits of the tax reduction reach the public and are not absorbed into private profit margins.

Tax on profits ruled out as too risky

Independent experts advised against it, and the sub-committee concluded that now was not the right moment to take the risk.

When switching offshore investments into an endowment stops making sense

Offshore endowments can offer estate planning advantages, but the upfront capital gains tax when switching only makes sense when embedded gains fall below a specific threshold.

CIIPA contributes to global talks on accountancy standards

“Collaboration at this level strengthens not only individual organisations, but the profession as a whole.”

Tax reform calculator launched in Guernsey

The calculator asked people to enter financial details, including their income, savings, benefits and expenditure, and no details were saved, bosses said.

Switzerland May Require More Tax Increases To Balance Budget

The Swiss Government earlier noted, "Without EP27, the federal Government would need to find ways to offset the unchecked growth in costs.

Politicians set to vote on postponing new tax

The treasury has argued this will mean most lower and middle earners will have more money to spend under this new package.

Abic: income tax could deter job creation

Abic represents more than 130 international companies with operations based in Bermuda.

Doubling of dividend tax exemption welcomed

“As always, we encourage business owners to review their individual circumstances with a qualified tax professional to understand how the changes may affect them.”

Irish Lessors fly free of Indian tax

The IATA's ruling resulted in greater certainty of application of the IIDTT to leasing arrangements between Irish companies and Indian lessees

Sars expands its reach: Offshore accounts and crypto now fully exposed

The Crypto-Asset Reporting Framework requires crypto-asset service providers to collect and transmit detailed user and transaction information in a standardised, internationally aligned format.

IoD seeks views on tax and digital finance

“In the current climate of rapid change and evolving challenges, your insights are more crucial than ever,” they added.

NCTI is an Important Part of the Federal Corporate Tax. States Should Adopt It Too.

NCTI, or Net Controlled-Foreign-Corporation Tested Income, is a sweeping definition of profits reported by the foreign subsidiaries of U.S. companies.