Managers of Wealth Offshore

UAE and Jersey sign agreement on avoidance of double taxation on income

The Financial Jersey regional office was established in Dubai in March 2011

Seychelles issues guidance to financial institutions on FATCA reporting

Seychelles is negotiating a Model 1B IGA with the US. On May 28, 2014

Hundreds of Americans named in Panama Papers are told to own up before being caught by officials as investigation into offshore activity continues

The Internal Revenue Service has now advised anyone using offshore accounts to contact them as the investigation gains momentum.

ABN AMRO Surfaces in Panama Papers with Controversial Loans

Trouw and Financieele Dagblad are the two Dutch newspapers involved in the investigation into the Panama Papers

Witch hunt: Industry warning as tax furore risks damaging financial planning

In the UK, the focus has centred on Prime Minister David Cameron, and his investments in the offshore Blairmore fund run by his late father.

Concrete actions needed to advance global tax transparency, OECD says

The international community should call time on all remaining holdouts who have yet to implement internationally agreed tax transparency standards, OECD Secretary-General Angel Gurría said in a new report to the G20.

Once A Tax Haven, Gibraltar Now Says It's Low-Tax

Gibraltar's leaders and residents are breathing a sigh of relief that they have not been drawn into the controversy, saying they have reformed their tax structure and are a proper place to conduct business.

Panama Papers leak will have negative impact on expat banking options

The banks in the main offshore centres are extremely nervous of taking on any clients who are not resident in their jurisdiction.

Swiss banking whistleblower claims the CIA behind the Panama Papers

Bradley Birkenfeld, who served 30 months in prison, but received more than $100 million for US tax authorities revealed the extent of tax fraud at the heart of the Swiss banking industry in 2008.

Top 50 U.S. companies dodge $111 billion in taxes each year by keeping $1.4 trillion in offshore tax havens

General Electric and Microsoft also store more than $100 billion each outside of the county.

Offshore Funds: Is investment via an offshore investment fund objectionable? - Herbert Smith Freehills

In this article we compare the different methods of investment following the abolition of exchange control in the early 1980s

Cayman eases into FATCA reporting

The move is in recognition of the first year of implementation for UK FATCA and also that the AEOI Portal has recently been unavailable.

Tax administrations meet on "Panama Papers"

Participants from a number of countries - including members of the OECD and the G20 - exchanged views on the Panama Papers and explored mechanisms for co-operation.

Shewan denies Labour Bahamas tax claim

Labour and New Zealand First say former PwC chair John Shewan is the wrong person the lead the inquiry because he is too involved in the industry which he is being asked to review.

Germany forwards Swiss bank account data to 27 countries for tax checks

We are facing an outright tax evasion industry

UK announces ‘full access’ to offshore info in BVI

He told his country’s parliament that the BVI and most other British Overseas Territories have agreed to allow full access to the information, starting in September.

EU seeks tougher tax rules after offshore accounts scandal

The Commission says it would affect some 6,000 companies but socialist legislators estimated it would affect less than 2,000 multinationals.

Tamper with tax havens at your peril

Global financial centres facilitate trade, investment and economic growth, writes Richard Hay

Offshore’ has become synonymous with murky dealings. That’s not fair - Nigel Green

The overwhelming majority of the offshore sector provides products and services that are entirely compliant and legal and are used by law-abiding people.

SocGen chief to testify to French senate on Panama Papers

French bank was a prolific creator of offshore companies