Managers of Wealth Offshore

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

Cadbury owner Mondelez tax-free in UK

Although the UK Treasury decided against making changes in 2012, the international focus on tackling “base erosion and profit-shifting” is likely to trigger fresh scrutiny.

Changes of PRC tax rules on offshore indirect transfers: Circular 698

On February 3, 2015, the China State Administration of Taxation issued the Announcement on Several Issues concerning the Corporate Income Tax on the Indirect Transfers of Assets by Non-Resident Enterprises

Private school fee records used to target offshore tax evasion

He said the ATO had 5000 client names from wealth management firms and a list of 100 advisers and promoters who had a "direct link with people who may have evaded taxes".

UK territories fail to open up about secretive companies

An agreement by all territories' leaders to keep central registers of company ownership comes more than a year after Prime Minister David Cameron encouraged them to create public registries.

Closing offshore subsidiaries boosts corporation tax

Developments driven by Base Erosion and Profit Shifting (Beps) boost Irish tax