Managers of Wealth Offshore

Trinidad and Tobago signs inter-governmental FATCA agreement with US

FATCA is part of US federal Law that requires American citizens and residents—both within and outside the US—to report on their non-United States financial accounts.

Liechtenstein strengthens international tax co-operation

The Convention will enter into force for Liechtenstein on 1 December 2016.

Switzerland: Exchange Of Information In Switzerland

Tax rulings issued after 31 December 2009 may fall within the scope if suspicion of undue tax savings are found.

Con doc published on taxation of UK non-doms and IHT for offshore companies holding UK residential property

A further consultation document was published on Friday 19 August 2016 providing more information on the proposed changes to the taxation of non-doms first announced in the Summer Budget 2015.

Proposed Changes to the Non-Dom Regime from April 2017

This briefing note focuses on the changes that will affect non-domiciled individuals who have been living in the UK for more than 15 years.

Panama Papers Hurt Latin America Corresponding Banking

Increased reluctance of international banks to conduct correspondent banking with Latin American counterparts.

U.S. Tax Enforcer: «This Are the Countries We Will Target Next»

The principal deputy assistant attorney of the U.S. didn't mince her words in her address.

Changes to the taxation of non-UK domiciles - Deloitte

further consultation on the proposed reforms to the taxation of non-UK domiciliaries and to the inheritance tax (IHT) position of UK residential property has now been publishe

Barbados Government Nudges Banks With Increased Tax

Delivering the 2016 Budget this week, Sinckler complained that although the April 1, 2015 removal of the minimum 2.5 per cent interest rate by the Central Bank of Barbados was intended to ultimately benefit consumers, that had not happened.

Gordon Ramsey’s business partner gets jail time for tax evasion scheme

The fact that you are a wealthy and successful businessman should not exclude you from a custodial sentence.

Treasury tightens squeeze on non-doms

Holding UK homes in foreign companies will cost more

Taiwan Probes Leading Bank Linked To Panama Papers

The US Department of Financial Services said it had identified "suspicious transactions" between Mega International's New York and Panama Branches.

Kuwait takes key steps towards improving tax transparency - OECD

By doing so, Kuwait is re-confirming its commitment to implement automatic exchange of financial account information in time to commence exchanges in 2018.

Trinidad and Tobago: Implementing FATCA requirements towards compliance

The US Treasury Department will assess the plan and determine whether TT will remain on the listing of countries that have an IGA in effect.

BARBADOS: ‘New tax could wipe out pension increase’

Private sector officials see this as counterproductive, expressing fear today that it would wipeout the increase in old age non-contributory pensions.

How Apple found a bigger tax loophole than the Double Irish

Specifically, Apple does not move its intellectual property into offshore tax havens and use it to sell products back into the US to avoid US tax, nor does it use revolving loans from CFCs to fund its domestic operations.

Accountancy firms back plans for greater clarity and transparency in tax system

KPMG has said it recognises the "need for responsible tax behaviour" following government proposals to clamp down on firms that sell tax avoidance schemes to businesses.

Advisers aiding tax avoidance face 100% fines

The move is part of the government’s clamp down on corruption following the ‘Panama Papers’ scandal.

Investigations against Indians named in Panama Papers’ expose at ‘preliminary stage’

This group consisted of the officers of investigation division of the Central Board of Direct Taxes.

Swiss HSBC account holders bent on cross-examining persons who shared their information with India

Several HSBC accountholders in their appeals to challenge the claims of the tax department have underscored the right to cross-examine.