Managers of Wealth Offshore

FIU blocks US tax evasion

The FIU had also shared information to its foreign counterparts in 38 other instances.

Italy now trying to entice taxpayers to declare hidden cash

Now the state is trying again with a “Voluntary Disclosure 2.0” that got underway at the start of the year.

VAT exemptions for Baha Mar trigger outrage in the Bahamas

It further urged subcontractors, suppliers and service providers to submit invoices for goods or services to recover any VAT already paid.

What does the 'automatic exchange of financial account information' between Australia and Greece mean?

Tony Anamourlis delves into the agreement's impact on dual citizens

St. Lucia wants joint OECS initiative on CIP

He said that there are a number of legitimate reasons why people want a ‘secondary’ passport

Irish tax authorities tighten offshore disclosure regime

Revenue guidance states that where there are liabilities arising within Ireland as well as liabilities relating to offshore matters.

Prominent South Asian Business Family Accused Of Stashing Money In Offshore Tax Havens

Three Canada Revenue Agency offices — in Calgary, Edmonton and Montreal — were sold in 2007 in a controversial sale

UK-Swiss Terminate Savings Tax Deal For Automatic Info Exchange

UK taxpayers will no longer be able to pay a withholding tax to stop their information being shared with HM Revenue and Customs

Revenue battle against tax evasion yields €555m for exchequer

Tax authority says evaders can expect ‘robust response’ in 2017

Baha Mar Finish 100% ‘Vat Free’

This is at what cost to the long-term welfare of the economy and the Bahamian people?

Financial firms in Singapore must now establish tax residency status of customers: Iras

It aims to enhance tax transparency to detect and deter tax evasion through the use of offshore bank accounts.

Amended tax treaty with the Isle of Man comes into force

The amendments concern a reciprocal agreement with the Isle of Man relating to the European Union Directive.

Will 2017 be the year the world got serious about bank account secrecy?

The OECD recently announced that there are 1300 relationships in place for the automatic exchange of account information between countries.

Switzerland: Regularization Of Undisclosed Assets In Switzerland And South Africa – Transparency On The Horizon

Switzerland will exchange information from 2018, meaning that Swiss banks will be obliged to com- mence compiling financial information about the captured accounts as from the beginning of 2017.

New Filing Requirements for Foreign-Owned Disregarded Entities

Attempt to combat offshore tax evasion.

Penalties for lawyers who enable tax evasion come into force

The UK is one of the first countries in the world to introduce this power, which was originally announced at Budget 2015 and legislated for in the Finance Bill 2016.

Panama looks to talks with France to get off tax haven list

Panama's president, Juan Carlos Varela, in November warned France of reprisals if his country was maintained on the blacklist.

Colombia’s tax reform fails to tackle tax evasion: chief prosecutor

Colombia’s lawmakers approved the bill last week

Accountants face tough new penalties in tax crackdown

The new law means that for the first time, HMRC will be able to charge civil penalties on the facilitators of tax evasion, who provide planning, advice or other professional services or physically move funds offshore.

Offshore myth: How Africa lost $1 trillion to tax havens

The modern offshore business world appears pure Potemkin everywhere and nowhere.