Managers of Wealth Offshore

Panama Papers: income-tax dept approaches dozen nations to widen probe

The income-tax department has contacted a dozen countries in order to obtain actionable evidence against Indian entities

Panama Papers: I-T dept approaches dozen nations to widen probe

The 'Panama Papers' leaks contain an unprecedented amount of information, including more than 11 million documents covering 2,10,000 companies in 21 offshore jurisdictions.

It’s time to get tough with the big boys

Lately things have changed, especially regarding his notion that tax should be compulsory.

Terrible Business Ethics SK Group in Crisis Due to Poor Corporate Ethics, Chairman’s Alleged Tax Evasion

By country, 35 of SK Group’s companies are located in Hong Kong and 27 on the Cayman Islands.

Tax avoidance masters revealed: EXCLUSIVE

The calls for a break-up come as Australian politicians look for ways to fight tax avoidance by multinational corporations like News Corp, Google and Apple.

Swiss Council Adopts Dispatch On 8 TIEAs

The Federal Council said that these jurisdictions fit the profile of the countries with which it wishes to introduce the automatic exchange of information.

Tax avoidance bigger than Barbados

Fearing the impact of a negative campaign against the island in the wake of the Panama Papers issue.

Sanders Applauds Proposed Tax Rules As Curbing 'Blatant Abuses'

"The proposed regulations focus only on the most blatant abuses in which the 'debt' is clearly an accounting gimmick or unsubstantiated," he wrote in comments to Treasury.

A Secure Offshore Port In Stormy Seas?

Having introduced legislation to introduce limited liability companies modelled on the Delaware format, and a further bill to enhance its partnership regime

Wealth Taxes Make Swiss Cheese of Declared Wealth

Taxing wealth leads declared wealth to disappear, says a new study based on experience in Switzerland

Tax litigators expect a fight as CRA boosts budget

Practice groups expect more work as changing rules lead to a more complex dispute-resolution environment

The New Double Tax Agreement Between Cyprus And Latvia

The key features of the DTA are as follows.

Tax Amnesty Program Indonesia Launched

According to President Widodo, the tax amnesty program is an important tool to resolve Indonesia's ongoing tax issues and to boost the economy as a whole as the government is able to generate much-needed funds that can be used to invest in the struct

EU Seeks to Fill Tax-Avoidance Gaps in Wake of Panama Leaks

The European Commission, alongside governments, is screening a draft list of countries.

UBS- Request For International Administrative Assistance In Tax Matters

UBS has largely completed a compliance program with clients based in Europe, including France. The bank was among the first in the industry to take this step requiring documentation of tax disclosure by its clients.

UBS Says Ordered To Provide Swiss Tax Agency With French Tax Information

"The request concerns a number of UBS account numbers pertaining to current and former French domiciled clients and is based on data from 2006 and 2008," UBS, Switzerland's biggest bank, said in a statement.

Panama Papers reveal yet another secretive aspect of hedge funds

The now-famous Panama Papers leak offers rare insight into the workings of this exclusive investment club.

At a glance – the Indonesia Tax Amnesty - Withers

The long-awaited Indonesia's tax amnesty bill was finally passed by the parliament on Tuesday, 28 June 2016.

Offshore Tax Bulletin - Deloitte

Welcome to Junes 2016 edition of Deloitte’s Offshore Tax Bulletin, which provides a round-up of local and international tax issues relevant to the Isle of Man, Guernsey and Jersey businesses and individuals.

Israel Tax Authority extends voluntary disclosure deadline

The Ministry of Justice's authorization for the Tax Authority to extend the voluntary disclosure proceeding was granted at the last minute before the previous deadline.