Managers of Wealth Offshore

Yanis Varoufakis: Ireland a tax haven ‘free-riding’ on Europe

Former Greek finance minister says Ireland remains deeply divided since crash

Bitfinex Begins Sharing User Tax Data With Regulators

Bitfinex has outlined a new KYC policy, in an email issued to a portion of its user.

Are foreign trusts still relevant for South Africans?

More specifically, with the implementation on March 1 2017 of Section 7C of the Income Tax Act, which addresses low or no interest loans to trusts, the 2018 tax year marks the first year where South African taxpayers are subject to a Section 7C liability.

Why Tanzania is now haven for secret offshore accounts

Not signing MATM means Tanzania is not obliged to providing financial information on companies or individuals with funds in Tanzanian banks and financial institutions.

Offshore offence: HMRC’s tax evasion hunt has begun

For those with extensive offshore arrangements, it is particularly important to review these to make sure that they remain compliant.

Public sector pension funds put millions in tax haven-linked PFIs

Report traces nearly 30% of investments in Scottish schemes to offshore firms

How tax compliance in Luxembourg is changing

With global accountability the ‘new normal’, it’s more important than ever to understand your tax compliance obligations in Luxembourg.

Offshore links to Scottish private finance deals revealed

The Scottish Government accepted that it wasn’t possible to prevent offshoring “in the current open market economy” but pointed out that all SFT projects paid relevant UK taxes.

Should HMRC have more time to investigate offshore tax?

But, and as we all know, mistakes happen and the current legislation allows a 4, 6 and 20 window for HMRC to reopen tax returns.

Ansbacher providing seamless solutions for tax reporting

Client requests have reportedly led Ansbacher to outsource a better and seamless tax reporting practice.

$12 trillion ‘phantom’ corporate investment – it’s not just about tax avoidance by George Bull

Using the latest transparency data, a report from the International Monetary Fund estimates that multinational corporations have invested $12 trillion in empty shell companies. On top of that, around $7 trillion of personal wealth is held in tax havens. W

HMRC tax evasion investigations up by 20%

In 2015, HMRC was looking at 2,972 cases, which increased to 3,216 in2016-17 and 3,809 in 2017-18 – an 18% year-on-year increase.

Scrapping inheritance tax won’t make divorce easier

Proposals consider being able to gift up to £125,000 per person as a lifetime gift without payment of tax.

EU puts US on the clock for tax blacklist

If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.

Beware: executors are liable for inheritance tax

When that person dies, you, as executor, will be expected to deal with their estate, making sure that their will – if they had one – is respected.

Offshore tax measures behind UK evasion spike

HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.

Two Caribbean Countries Removed from EU Tax Haven Blacklist

“EU experts have assessed those commitments… [and] implementation of their commitments will be carefully monitored by the working group responsible for the listing process (code of conduct group),

Retail millionaire to bankroll hunt for wealthy tax avoiders

For business, reputation is everything. And Britain doesn’t like tax avoiders.

Paraguay joins international efforts against tax evasion and avoidance

The Convention is the key instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters.

New tax treaties with Singapore and Switzerland contain BEPS-related measures

The two treaties provide for the following withholding tax rates for source-country taxation on various types of income