10/02/2018
Failure to comply with the new law could result in unlimited financial penalties, ancillary orders such as confiscation orders or serious crime prevention orders, and serious reputational damage.
10/02/2018
Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe
10/01/2018
Any individuals who have paid the incorrect amount of tax on overseas income in previous years must have corrected their tax returns by the deadline, or the potential fine will double to 200% of tax owed.
09/30/2018
Some may move to Singapore from Mauritius as the former is looking to introduce regulations that could help funds better structure their pooling vehicles
09/28/2018
Despite HM Revenue & Customs bragging about winning eight out of 10 cases that go to court, tax inspector decisions based on their manuals are regularly overturned.
09/28/2018
Offshore Manager's investment activities were led by Philip Falcone.
09/28/2018
The enterprising and tax-shy can still exploit loopholes in the system
09/28/2018
Under Tax Proposal 17, Switzerland will repeal the existing special corporate tax regimes
09/25/2018
UK non-dom strategies for 'resetting the clock' using alternative residence jurisdictions
Guernsey & the Isle of Man offer UK non-doms alternative tax residency jurisdictions that will ensure they continue to enjoy significant tax benefits while maximising days spent in the UK. Read this Dixcart article to find out more.
09/25/2018
EU tax haven blacklist blocks just 1% of financial secrecy services threatening EU economies
On average, EU member states have put in place treaties that give their tax authorities power to retrieve some information in respect of 82 per cent of the financial secrecy services facing their countries, according to the Tax Justice Network’s res
09/21/2018
HMRC has been issuing large numbers of warning letters both to taxpayers and their advisors
09/21/2018
Spain mulling tax breaks for financial services crossing the border
09/20/2018
A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman.
09/19/2018
While the socialist government does not want to use its veto, agreed during Brexit talks last year, to lay claim to the sovereignty of Gibraltar, it does want to secure concessions.
09/18/2018
The London law firm’s International Trust Advisory Group is headed by Jonathan Riley, Jennifer Ridgway and Sara Chisholm-Batten, who will all be in Cayman for the event.
09/16/2018
The Roadmap also confirms the expected timelines for the implementation of these changes.
09/13/2018
NTS to expand probe into offshore tax evasion
The NTS has so far not just targeted conglomerates and their owner family members, but has expanded its investigation into groups with high spending patterns whose revenue sources are unclear.
09/13/2018
Swiss parliament approves corporate tax overhaul
Business lobby group Economiesuisse welcomed the decision which it said would solve one of Switzerland’s most pressing problems.
09/13/2018
Canada, Others, Taking New Steps to Thwart Global Tax Evasion
The AEOI is designed to shine a new light on “offshore” investments and bank accounts, as it requires countries to automatically and annually exchange financial account information of non-residents with the account holder’s country of re
09/11/2018
Half of U.S. foreign profits booked in tax havens, especially Ireland: paper
The research was made possible by the U.S. tax cut in December 2017 that contained a mandatory repatriation of profits, which allowed researchers to calculate the final tax bill for the companies.