08/04/2015
Hiding money overseas to avoid taxes has been the long-established practice of some taxpayers. Offshore tax havens (i.e., countries that have low or no taxes and lack of transparency) still exist, making it possible for individuals to evade taxes by not r
08/04/2015
The definition of victory for this paper is to review and improve upon existing estimates of the size, growth and distribution of untaxed private wealth protected and serviced by the global offshore industry.
08/03/2015
The islands were recently embroiled in a huge tax evasion scandal
08/03/2015
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor
08/03/2015
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
08/01/2015
The Government of Jersey has signed a double tax agreement with the Republic of Seychelles.
07/31/2015
HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.
07/31/2015
Sark, a picturesque island 80 miles south of England, was until recently the last feudal state in Europe.
07/31/2015
Beginning with the 2012 tax year, this reporting is satisfied by filing Form 8938 with the Internal Revenue Service (IRS).
07/31/2015
FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.
07/30/2015
CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.
07/30/2015
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
07/30/2015
Both actions have a sharp, short-lived impact, leaving behind a trail of conspiracy theories.
07/29/2015
The U.S. tax system compels U.S. companies to devote as much attention to tax avoidance
07/29/2015
The Cyprus Government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment.
07/27/2015
The Organisation for Economic Cooperation and Development - the leading international standards-setter for tax transparency and cooperation - has underlined Guernsey's reputation as a cooperative jurisdiction.
07/27/2015
The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.
07/27/2015
The risk is that if a taxpayer cannot meet the burden of proof for documenting of a receipt of money or a transaction, the Commissioner successfully argues amounts received can be income.
07/27/2015
As banking secrecy comes to an end, taxpayers with overseas assets should ensure they are on the right side of what can be draconian law.
07/26/2015
The Online Tax Administration System will provide businesses with a simple, user-friendly, online application and payment system.