05/13/2015
Updated Guernsey FATCA Guidance Notes - Deloitte
On 30 April 2015, the Guernsey Income Tax Office released the fifth revision of the Guernsey FATCA Guidance Note
Tax
05/13/2015
What should a new tax disclosure facility look like? by Mike Down, Baker Tilly
The Government has promised to introduce a new disclosure facility which will run from 2016, so what should it look like? Our finest tax brains have been on the case…
05/13/2015
Guernsey: New International Tax Rules – Where Now For Hedge Funds?
Current international tax rules are based on principles that have not kept up with globalisation and the rise of the digital economy.
05/12/2015
Tax: warm welcome for whistleblowers and investigative journalists
The “Luxleaks” journalists invited to Parliament to share their views and experiences and were warmly welcomed by MEPs, who complimented them on "their courageous work".
05/12/2015
Further senior endorsements for Jersey’s contribution to Europe’s economy
Comments made during meetings between the Chief Ministers of Jersey and Guernsey and senior EU representatives recently provide further endorsement of Jersey’s positive contribution to the European economy and build on previous recognition from seni
05/12/2015
The new UK Government: what is the future for non-doms? by: Russell Cohen and Nicola Pomfret
It is also very likely that the new government will at some point increase the charge which non-doms who have lived in the UK for at least 7 years must pay to enjoy the remittance basis.
05/11/2015
Puerto Rico – The Truth About This Tax Haven
Nobody likes to pay taxes, even if we grudgingly accept their role in making civilization possible.
05/11/2015
Invitation: FATCA Reporting Webinar
Wednesday 13th May: Midday
05/10/2015
The Aftermath Of A Leak: What's Next in the HSBC Suisse Tax Evasion Saga?
JURIST Guest Columnist Shu-Yi Oei of Tulane University Law School discusses tax evasion investigations and possible criminal charges against HSBC's Swiss private banking unit...
05/10/2015
Jersey warns of £125m budget shortfall
There are also likely to be personal tax increases. Alan Maclean, the island’s treasury minister, says 80 per cent of households may have to pay more tax next year.
05/08/2015
IRS expands use of legal tools against tax evaders
The U.S. Internal Revenue Service is planning to broaden the use of subpoenas of documents in cases where the name of a taxpayer under investigation is not known.
05/08/2015
Guernsey Chief Minister Meets EU Commissioner Moscovici
Guernsey's Chief Minister, Jonathan Le Tocq, has met with Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, Taxation and Customs
05/07/2015
Estimating the illicit funds in global tax havens
These illustrations show how the economic crisis of 2008 was a catalyst for going after tax havens by developed economies.
05/07/2015
Falciani: all banks help evade taxes
“The higher compensation people get for helping justice, the greater the pressure cheaters will have. It’s important to know people can gain a lot more by helping instead of cheating.”
05/05/2015
UK Supreme Court to hear HMRC case on bank bonuses
The UK’s highest court is to hear an appeal by HM Revenue & Customs over two offshore schemes designed to avoid paying tax on bankers’ bonuses
05/05/2015
FATCA Guidance Notes for Mauritius based Financial Institutions - TMF
The Guidance Note provides practical assistance to Mauritius-based financial institutions, businesses, their advisers, and officials dealing with the application of FATCA.
05/04/2015
Bermuda listed among the biggest tax havens
Bermuda is listed as 14th in a survey of the world’s biggest tax havens
05/01/2015
The proposed abolition of the non-dom tax regime – don’t panic! by Dominic Lawrance, Charles Russell Speechlys
As discussed in our previous briefing, Labour calls time on the remittance basis, Ed Miliband has announced a policy of abolishing what he called the “non-dom tax regime”, to be implemented in the event of a Labour victory in the coming electi
04/30/2015
Cayman Islands registration of local Financial Institutions for FATCA purposes
The Cayman Islands Tax Information Authority announced this week that registrations of local Financial Institutions (FIs) for FATCA purposes concluded between 1 May 2015 and 12 May 2015 will not attract any adverse compliance consequences or enforcement m
04/30/2015
Singapore's government says it's not a tax haven, it's a value-adding hub
Singapore is not a tax haven, it's a value-adding hub