Managers of Wealth Offshore

20% of Malta’s GDP

The events of the last 15 months have confirmed my worst forebodings.

Canada proposes closing tax loopholes for country's wealthy

The government is also taking aim at passive investment income.

Non-resident Indians face tough new disclosure rules

To date, only resident Indians have been required to supply any bank account details held outside of India.

Switzerland hosts meeting on tax transparency

The working meeting will allow Switzerland to present its expertise in technical assistance to developing countries.

Guernsey Offshore Tax Bulletin - Deloitte

As part of its long term Digital Strategy and in line with the UK Government’s obligations under the Fourth Money Laundering Directive (4MLD), HM Revenue and Customs (HMRC) is introducing a new Trust Register

International deal designed to expose offshore tax cheats

Canada and dozens of other countries will automatically share banking information of non-residents

Anonymous Nigerians own, operate 200 private jets locally

A handful of rich Nigerians, including religious leaders, have been said to own private jets under such conditions.

ICELAND: Half a Billion Recovered due to Panama Papers

The names of the 376 individuals and entities that The Directorate of Tax Investigations did not investigate were sent to the Directorate of Internal Revenue.

Tax Briefing – Inheritance tax treatment of UK residential property update

The new rules extend the scope of IHT to interests in foreign entities which hold UK residential property, either directly or indirectly.

UK to bring in non-dom reforms ‘as soon as possible’

The UK government has announced it will introduce long-anticipated changes to the rules governing non-UK domiciles “as soon as possible”, after they were postponed earlier this year because of the snap election.

Comment: New Act targets facilitation of tax evasion

The new corporate criminal offence will attach to ‘relevant bodies’, including companies and partnerships, that fail to prevent the facilitation of UK and foreign tax evasion.

Mian Sharif’s wealth multiplied by 4 times in a year

The JIT report observed that his wealth started to increase in late 80’s and early 90’s.

New Money Laundering Legime Introduces Additional Compliance Duties For Pension Scheme Trustees?

There are three key duties which centre on record-keeping, the provision of information to third parties in certain circumstances and submitting information to HM Revenue & Customs for purposes of its register of beneficial ownership.

Swiss, French to resume tax data exchange after resolving concerns

Switzerland was waiting to clarify the situation before exchanging further information.

Indonesia to Look at Money Held in Singapore

The Indonesian Finance Minister estimates that the country's wealth parked overseas amounted to as much as $74.68 billion.

OECD releases the draft contents of the 2017 update to the OECD Model Tax Convention

As part of the 2017 update, a number of changes and additions will also be made to the observations, reservations and positions of OECD member countries and non-member economies.

New requirements will not imperil offshore formation

There may be an extended period for adjustments but that will be all

Why Is No–one Listening To Repeal FATCA Calls?

Since January, when he moved into the White House, the Trump administration has made several announcements about tax changes, but said nothing about FATCA.

As singapore executes on beps, expect heightened tax transparency

CbCR was introduced to improve transparency.

UK Corporate Offence of Failure to Prevent Tax Evasion

The second element is criminal facilitation of that evasion by an associated person of the relevant business.