07/02/2018
There has recently been an increased investment in the Island's financial intelligence and enforcement agencies, while the submission also draws attention to the publication of the Financial Crime Strategy.
06/29/2018
“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.
06/29/2018
The new signatures and the imminent entry into force of this landmark agreement underlines governments’ commitment to update the international tax rules and ensure they are fit for purpose in the 21st Century
06/28/2018
The Tax Act creates additional incentives to shift income offshore for purposes of tax avoidance, and what is worse, it creates incentives to shift actual jobs.
06/27/2018
CIOT also points out that ‘non-compliance’ is the same if tax avoidance or evasion happens on or offshore, which makes punishing expats and offshore taxpayers unfair.
06/27/2018
ATAD I is the answer of the EU to the recommendations formulated under the base erosion profit shifting (BEPS) initiative
06/26/2018
The briefing sugguested that some parent companies are now considering alternative captive strategies because of the changes.
06/25/2018
The bill was tabled with a note of urgency from the Head of State.
06/25/2018
Strawman companies are registered in tax haven companies, but consist of nothing more than a postbox address.
06/25/2018
Tough penalties will force those who don’t file to consider the consequences of staying in the shadows.
06/22/2018
The budget would increase tax rates for both corporations and individuals
06/19/2018
The Swiss government said it expects to send 109 country-by-country reports to 35 countries by the end of this month. The reports relate to the groups’ 2016 tax period.
06/18/2018
Offshore funds want relaxed rules, tax sops to trade in Gift City
Offshore funds also want simpler customer identification norms that can protect client confidentiality
06/18/2018
Shell facing €7bn bill for ‘anti-competitive’ tax avoidance deal
The deal dates back to 2005, when Shell, previously an Anglo-Dutch concern, merged its two branches to establish a single headquarters in The Hague.
06/14/2018
As more investment capital is allocated across a diverse range of jurisdictions from investors around the world, the potential for multiple taxation increases.
06/13/2018
Under the tax scheme, clients shuttled millions of dollars offshore through a colourful cast of characters, including a Bahamas-based businessman later accused of stealing $20 million, and his former partner, who was shot outside his office.
06/13/2018
UK plan to impose public registers of share ownership sparked protests and calls for constitutional separation
06/13/2018
A Cayman financial institution is required to determine the residence of not only its direct account holders but also, in the case of passive non-financial entities (NFEs), the residence of the ‘controlling persons’ of the entity.
06/12/2018
Former Greek finance minister says Ireland remains deeply divided since crash
06/12/2018
Bitfinex has outlined a new KYC policy, in an email issued to a portion of its user.