08/15/2017
SA banks may soon be able to hold onto your money if they suspect you’re dodging taxes
It was also necessary for banks to only use this power if their suspicions in this regard are truly reasonable.
Tax
08/10/2017
US Think Tank Says Earning Stripping Regs Should Be Retained
The Internal Revenue Service would be allowed to re-characterize certain debt instruments as equity under Section 385 of the Internal Revenue Code.
08/10/2017
Banks now collecting information about non-resident customers to hand to tax authorities around the world
Australian residents with bank accounts overseas will need to ensure they are reporting the income from those accounts in their assessable income.
08/10/2017
Are you a Taxpayer identified by IRS for not Reporting Offshore Financial Assets?
The US has information exchange agreements with other tax jurisdictions that govern the exchange of information for tax purposes.
08/10/2017
Talking Taxes: How to Bring Offshore Profits Home
Explaining the knotty subject of U.S. funds abroad, and efforts to repatriate the money
08/10/2017
€16.8 million recovered from Panama Papers, Swiss Leaks
96 individuals or firms undergoing full tax investigation
08/09/2017
DNA Edit: Tax evaders fall in line
On top of that, the money parked in Swiss banks came down by 50 per cent in 2016 in the face of a progressive crackdown by the government.
08/09/2017
Brazil Says Offshore Assets Amnesty Yielded Billions
The 120-day amnesty had to pay a 15 percent income tax charge.
08/09/2017
HMRC’s Trusts Registration Service: Up and running
The question this prompted was, of course, what HMRC meant by the term “UK tax consequence”.
08/09/2017
NZ to strengthen tax agreements with India, San Marino
The new TIEA with San Marino allows that requirement to be implemented.
08/08/2017
QROPS Transfers Slow But Cash Values Hit New High
The number was down 4,000 from 13,700 the year before.
08/07/2017
Moscow Musings: The Future of Offshore
We are very unlikely to see a return to the volumes of corporate business involving Russia seen by offshore finance centres in the past.
08/07/2017
Hong kong singapore and china get tough tax havens
In an effort to create a ‘level playing field’, Asian economies are committing to new standards of transparency
08/07/2017
Tax panel backs HMRC drive against salaries paid in gold
Ruling follows company’s offshore tax avoidance scheme
08/04/2017
CRS/FATCA Deadline in the Cayman Islands: Final Extension
Deadline for new Notification (Registration) and Variation of Reporting (Notification) Obligations for US FATCA/CRS
08/03/2017
The Panama Papers and privacy
How can the law balance the greater push for transparency with tackling offshore tax evasion?
08/03/2017
Sars will now find you and tax you, no matter where in the world you hide
“Naturalisation is not required to be subject to tax in South Africa."
08/03/2017
Unsuspecting advisers face £3k HMRC penalty
The tax world is becoming more transparent.
08/02/2017
Costa Rica: Tax reform is needed to ensure inclusive growth
OECD Tax Policy Reviews: Costa Rica 2017 provides an in-depth assessment of Costa Rica’s tax system and underlines the key tax policy challenges facing the country.
08/02/2017
SA taxpayers with offshore cash, assets given deadline to disclose info
The deadline for the Special Voluntary Disclosure Programme is August 31, 2017.