Managers of Wealth Offshore

Update on changes to International Financial Reporting Standards by Grant Thornton

Advice on the latest changes to International Financial Reporting Standards has been issued by Grant Thornton.

FCA ends HSBC tax evasion inquiry

The conclusion of the FCA’s investigation were never announced to the public, but sources have said it was not obliged to inform the public because it was not a formal inquiry.

CISPA seeks legislation, plans conference

CISPA leadership currently registers and regulates individual accounting professionals but is now seeking to do the same for accounting firms as a way to ensure continued high quality services.

Panton: Tax dodgers beware

Cayman National has agreed to pay a US $6M settlement following the US tax evasion probe.

Strategic Relocation for Low Tax Living

Just as big corporations such as Pepsi, Pfizer and Citigroup do, it’s possible to strategically relocate and slash your own personal tax burden.

There's a secret, separate US tax system that rich people use to save billions

The fronts for the super-rich donate lavishly to both the Republicans and the Democrats, and the loopholes are exploited by everyone from the Kochs to Soros.

Really rich people are suddenly paying quite a bit more in taxes

The effect has been to create a kind of private tax system, catering to only several thousand Americans.

New school world, old school tax system

Yet, the U.S. corporate tax rate at 35 percent remains the highest in the developed world, and this country is one of only a handful of nations to tax its businesses on their foreign income.

Global dragnet puts pressure on tax evaders as year-end deadlines loom

“The vise continues to squeeze on people around the world with unreported offshore investments,” Mr. Novoselac said in an interview. “And this certainly includes Canadians.”

Ex-pat Kiwis get some tax certainty after Court of Appeal decision

Inland Revenue ruled that the man remained a New Zealand tax resident and therefore had to pay taxes here on his world-wide income.

The simple reason the rich will always be one-step ahead of the IRS

Among tax lawyers and accountants, “the best and brightest get a high from figuring out how to do tricky little deals,” said Karen L. Hawkins, who until recently headed the I.R.S. office that oversees tax practitioners.

Apple to pay 318 million euros in Italy tax fraud probe

The company was accused of transferring that €880 million ($962 million USD) of profit to its Irish subsidiary to benefit from the country's lower tax rate. Apple Italia did not immediately comment.

Measures to Control the Abuse of Offshore Tax Havens

Cash Booked Offshore for Tax Purposes by U.S. Multinationals Doubled between 2008 and 2014

Leaner, meaner and a darn sight keener – the taxman ups the fight against evasion in 2016 by Mike Down

HMRC has recently been criticised for being too soft on criminal tax investigations. But hold on to your hats because a leaner, meaner taxman is getting ready to take on the serious evaders in 2016…

States of Jersey Common Reporting Standard - Deloitte

Draft Guidance Notes Released

Bar Refaeli arrested in Israel for tax evasion

Bar Refaeli’s lawyers and Tax Authority representatives appeared at the Tel Aviv Magistrates Court today for a hearing on her release under restricting conditions.

India to Sign Agreements With Singapore, UAE and Hong Kong to Get Information on Illegal Bank Accounts

The CBDT spokesperson further revealed that AEOI will help create an environment of transparency between 75 countries that have signed the MCAA

Australia ramps up focus on offshore tax evasion

It has also compiled a list of 100 advisers and promoters operating globally that have a direct link with people who may have evaded taxes.

Common Reporting Standard Enters Into Effect For Investment Funds In The Cayman Islands on 1 January 2016

The Common Reporting Standard (CRS) will impact Cayman Islands domiciled investment funds with effect from 1 January 2016. The CRS framework represents a globally coordinated approach to the disclosure of income earned by individuals and organizations in

Cayman National subsidiaries in US tax evasion probe

The Cayman Reporter reached out to Cayman National Bank President Osmond Williams, who passed all queries to Cayman National CEO and President Stuart J Dack.