Managers of Wealth Offshore

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.

Economist warns against using VAT as a short-term political tool

Turner-Jones noted that VAT was introduced in 2015 at a time when The Bahamas faced widening fiscal deficits and a narrow tax base.

Jersey ministers rule out Guernsey-style tax review

Andrews asked Millar if the treasury had any concerns around the reliance on Zero/10 in relation to personal income tax.

Land-based wealth tax better than net worth approach – think tank

The Philippines already imposes the real property tax, capital gains tax and documentary stamp tax.

14,858 tax residents failing to declare offshore accounts

It said this was to avoid penalties and legal action under the Income Tax Act 1967.

Nearly 45,000 UK properties worth £190bn lack ownership data

The analysis identifies several methods being used to obscure ownership. In some instances, overseas entities failed to register at all.

Experts warn undisclosed offshore accounts raise red flags despite legality

Analysts warn that the scale of undisclosed offshore wealth linked to Malaysians raises serious concerns over tax evasion, money laundering and governance failures

Foreign owners ‘hiding’ £190bn of UK property, claims tax think tank

Investigation reveals widespread hidden ownership is exposing estate agents to significant anti-money-laundering penalties.