03/14/2016
Stamp Duty controversy referred to Auditor General
As was reported in The Cayman Reporter on 7 March, the emails were also copied to Deputy Governor Hon Franz Manderson and Minister of Finance Hon Marco Archer.
Tax
03/11/2016
Cayman Islands trust firms helped hide US$130m offshore
IRS: More than US$130M ‘hidden’ in Cayman
03/10/2016
2 Cayman Islands firms plead guilty to U.S. tax evasion
First Conviction of Non-Swiss Financial Institution For Tax Evasion Conspiracy
03/10/2016
Credit Suisse probed in Italy in tax evasion case: sources
Credit Suisse offices in Milan were searched by Italian police in December 2014 as part of an investigation by Milan prosecutors.
03/10/2016
Why the CRA’s ‘secret deal’ with KPMG’s clients in the Isle of Man scheme might actually be a good thing
It has all the makings of an Agatha Christie novel — except in this case the allegations aren’t murder, but tax evasion.
03/10/2016
National News: Statement from the Canada Revenue Agency on KPMG Investigation
The CRA wants Canadians to have complete and accurate information on these issues.
03/09/2016
Canada, OECD countries inch toward closing tax loopholes for the rich
Efforts begin to tighten banking rules that cost governments and taxpayers billions every year
03/08/2016
Canada Revenue offered amnesty to wealthy KPMG clients in offshore tax 'sham'
The Canada Revenue Agency offered amnesty to multi-millionaire clients caught using what's been called an offshore tax "sham" on the Isle of Man
03/07/2016
Facebook is set to pay millions more in UK tax after dumping ploy of funnelling sales through Ireland
Facebook avoids tax by sending money to Ireland then to Cayman Islands
03/07/2016
UK Annual Tax on Enveloped Dwellings (ATED) Changes to the Taxation of UK residential properties
The 2014 Finance Act increased the scope of the annual ATED charge so that from 1 April 2016 ATED applies also to UK residential properties with a market value as at 1 April 2012 (or at acquisition, if later) in excess of £500,000, where the propert
03/07/2016
OECD hosted two important events for the international tax community
The Task Force on Tax and Development was held on 1 March 2016, and brought together over 180 participants from government, international and regional organisations, business and civil society.
03/04/2016
Common Reporting Standard (CRS) Draft Guidance Notes Published
The guidance notes do not cover all the obligations of Isle of Man businesses under the CRS but outline the options taken by the Isle of Man Government in their implementation of the CRS where choices were allowed within the CRS and the penalties that wi
03/04/2016
FATCA exceptions agreed by Swiss and US authorities
Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act following the signing of an agreement by the countries’ authorities in February.
03/04/2016
States of Jersey Common Reporting Standard (CRS)
Draft Guidance Notes - 2nd Edition
03/03/2016
MPs deny holding offshore trusts, companies
Opposition MPs issue joint statement in reply to individual questions
03/03/2016
Labour MP Caroline Flint tells Zac Goldsmith to ‘come clean’ over Cayman Islands tax deal
The Standard understands that he and his wife have a high street mortgage for their family homes in Barnes.
03/02/2016
Konrad Mizzi to close down Panama company after tax audit, retain New Zealand trust
There will be full disclosure on the dissolution process
03/02/2016
Guernsey Tax Bulletin - Deloitte
UK Residential Property Tax - Deadline Approaching
03/01/2016
No Double Taxation Agreement With Panama; Maltese Domicile Subject To Tax On Worldwide Income
Maltese individuals resident and domiciled for tax purposes, that is people whose permanent residence is in Malta, are required to pay tax in Malta on their worldwide income
02/29/2016
Chance to come clean on offshore stashes
The Special Voluntary Disclosure Programme is a joint initiative of the South African Revenue Service and the South African Reserve Bank.