Managers of Wealth Offshore

Cantillon: Two sides to crack down on corporate tax

Ireland hoping to win business from tax havens but at risk of losing some tax too

A New Tax System For Managed Investment Trusts

The new regime will apply from 1 July 2016, although in certain circumstances a trustee of a managed investment trust can choose to apply the rules prior to this date.

Hervé Falciani: ‘HSBC Switzerland was a Tax Haven in Itself’

HSBC has acknowledged that its Swiss arm was guilty of advising customers on evading tax.

Swiss banks fined for helping U.S. citizens evade taxes

Crédit Agricole, Dreyfus Sons, Baumann avoid criminal charges after hiding assets from IRS

ATO to unveil large business hit list, clamps down on Singapore hubs

The recent Senate inquiry into corporate tax avoidance revealed that a number of companies (such as Google, Apple, Microsoft, BHP Billiton and Rio Tinto) were under ATO audit for using hubs.

Worldwide: Global FATCA: Let's Do It Again

The first reporting cycle for the US Foreign Account Tax Compliance Act was a learning curve for all participants throughout 2015.

China takes important step to boost international co-operation against tax evasion

The G20 Leaders have repeatedly stressed their commitment to automatic exchange of information, most recently at their November meeting in Antalya, Turkey.

Swiss bank hid clients’ assets for tax evasion

Dreyfus avoided US prosecution by agreeing to pay $24.2m and admitting it "did not implement strict enough controls" to ensure that its American clients paid their taxes

Soon, getting black money info from Swiss banks may be easy

Swiss Federal Council has initiated consultation proceedings on the revision of the Tax Administrative Assistance Act

Monaco confirms its commitment to implement Automatic Exchange of Financial Account Information

Many jurisdictions are now updating domestic legislation to ensure that financial institutions report information on financial assets held by non-residents. Financial information will be collected from 1 January 2016 in around 50 jurisdictions, for autom

Policing the tax frontier – family businesses in the firing line?

HMRC have got a predicament on their hands when it comes to policing the boundary between low corporation tax rates, capital gains tax for individuals, and income tax. This continuing trend away from taxing companies and instead taxing individuals means c

Global FATCA: Let's Do It Again

Fifty-three jurisdictions have agreed to automatic ex-change of tax information beginning in 2017, under the OECD's Common Reporting Standard.

Offshore tax evasion penalties could lead to double jeopardy and conflict of interest, warns expert

Corporate tax Tax Tax Disputes and Investigations Professional services Financial Services UK Europe

Greek prosecutors investigating tax evaders raid Swiss Private Bank office

The information concerned accounts held by private individuals and companies with assets estimated to be worth up to 4 billion Swiss francs ($3.92 billion).

How Microsoft moves profits offshore to cut its tax bill

Court documents in a case between Microsoft and the IRS provide a detailed look at how the company, like other multinational corporations, has created a complex structure that allows it to minimize its tax bill.

HMRC targeting HSBC Jersey clients for voluntary disclosure

Failure to respond may result in HMRC starting “a detailed investigation” into their tax affairs.

Singapore can afford to be more open in sharing data

Data openness - from space images to government budgets - sounds like a defensible cause. In the information age, citizens expect transparency, and degree of openness is an increasingly common benchmarking metric.

US Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the program.

What Makes Delaware an Onshore Tax Haven

What makes Delaware a tax haven? First, Delaware is one of the easiest places in the world to set up an anonymous shell corporation.

Cayman Islands Automatic Exchange of Information Update

The Cayman Islands Tax Information Authority has issued an advisory addressing several points of note regarding the Common Reporting Standard in the Cayman Islands.