Managers of Wealth Offshore

MNCs park profit in Singapore, Hong Kong

Profit shifting is a perfectly legal way of moving the earnings of an MNC to a low-tax destination to avoid the clutches of a high-tax regime.

U.S. Sided With Tax-Avoiding Companies Over Contracting Ban

The Obama administration quietly handed a victory to U.S. companies that avoid taxes by claiming a foreign address

OECD backs Guernsey as a cooperative jurisdiction

Monica Bhatia, Head of the Secretariat of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes said: "I am very surprised that Guernsey has been included in a list of non-cooperative jurisdictions. We are very pleased wi

Guernsey FATCA reporting update - Deloitte

The Guernsey Income Tax Office have announced they will not impose penalties on local Financial Institutions which did not meet the 2014 US FATCA reporting deadline of 30 June 2015 providing filings are made by 8 July 2015.

The Mist Is Clearing Around Jamaica's IPT Withholding Tax

When the Jamaican authorities introduced a 15% withholding tax on insurance premiums paid by residents to the non-residents abroad, they indicated the move was aimed at tackling tax avoidance whereby local firms were establishing offshore captive insuranc

FATCA and CRS Ireland Update – Are you Ready to Report?

The next step for all Irish entities which are classified as Financial Institutions for FATCA purposes is to submit a return to Irish Revenue setting out details of any US reportable accounts they may have maintained during the 2014 calendar year, or to

HMRC scraps thousands of QROPS from overseas pensions list

HM Revenue & Customs has dropped thousands of QROPS schemes from its recognised overseas pension schemes (ROPS) list, with Australian schemes fairing the worst.

New taskforce chasing tax cheats living above their means with bling mansions and boats

A taskforce was launched by HM Revenue and Customs yesterday targeting wealthy tax dodgers living beyond their means in Northern Ireland

A.M. Best Comments on Proposed U.S. Tax Changes for Offshore (Re)Insurers

The Best’s Briefing, titled, “A.M. Best Comments on Proposed U.S. Tax Changes of Offshore (Re)Insurers, states that companies would likely seek operating alternatives to ensure capital efficiency if the tax benefits for offshore companies are

Many Expats Oppose Foreign Tax Law

The Foreign Account Tax Compliance Act (FATCA) does not get most expatriate Americans’ vote, according to a new survey of Americans living abroad conducted by deVere Group, a financial consulting firm.

Crackdown on Offshore Tax Evasion Not Slowing Down

The U.S. Department of Justice Tax Division and the Internal Revenue Service have been ramping up an intense crackdown on offshore tax evasion

Bermuda : Take us off blacklist now

The Baltic republic of Latvia has pulled Bermuda off its blacklist of uncooperative tax jurisdictions supplied to the European Commission

Isle of Man's TIEA with Italy now in force

The Isle of Man ratified the agreement at the November 2013 sitting of Tynwald

Greek minister slams Swiss over tax evasion

Greek Finance Minister Yanis Varoufakis has taken a swipe at Switzerland for providing only limited information about wealthy tax evaders from cash-strapped Greece who are believed to have stashed billions of euros in Swiss banks.

Offshore tax zones cost developing countries $100 bln a year - UNCTAD

"Tax avoidance practices therefore are responsible for a significant leakage of development finance and resources," UNCTAD Secretary-General Mukhisa Kituyi told a news conference.

Senate Introduces Bill to End Offshore Reinsurance Tax Break

Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”

Jersey signs tax agreement with Rwanda

The Government of Jersey has signed a Double Tax Agreement with the Republic of Rwanda.

No gold at the end of the transparency rainbow by Geoff Cook

The current transparency agenda and the harmful tax practices initiative date all the way back to 1998, the year the OECD published its seminal paper ‘Harmful Tax Competition’ an Emerging Global Issue

The Global Implications Of Corruption In The Caymans

While the term “tax haven” has taken on pejorative qualities in modern times, the actual truth about these essential locales is very bullish

Saffery Champness shortlisted for STEP Trust Company of the Year

STEP reports a particularly high number of international entries for this year’s awards, with the judges shortlisting only the most outstanding in each category.