Managers of Wealth Offshore

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.

Tax evaders to feel full force of the law

New legislation brings the possibility of jail sentences for those who aren’t upfront with HMRC about assets held overseas

India, Switzerland improve cooperation on tax matters

Switzerland and India have been working closely together in the field of mutual administrative assistance over the past few months

BARBADOS: Tax Bite

Sinckler issues fresh warning to delinquents

Luxembourg Vows To Fight EU Ruling On Fiat Tax Deal Observer Union

Luxembourg's legislature said it would "completely collaborate" with the examination

Canadians with Swiss bank accounts have until December 31, 2015 to file a voluntary disclosure

Most large Swiss banks have already requested from their Canadian clients evidence that their Swiss accounts are reported in Canada or that a voluntary disclosure has been initiated.

George Osborne 'had heard Wispas over Cadbury tax loophole'

The chancellor was reportedly warned about the loophole used by the chocolate giant to dodge paying millions in UK corporation tax

Overseas Territories head off UK’s demand for central registers

The communiqué issued after the meeting was equivocal