09/16/2015
Court challenge of U.S. tax dragnet fails
The U.S. law aims to crack down on Americans using foreign bank accounts to evade U.S. taxes all around the world.
Tax
09/15/2015
Offshore tax product in spotlight
Accountancy firm KPMG has hit the headlines across the Atlantic amid allegations about an Isle of Man-based offshore tax product aimed at high net worth Canadian residents.
09/15/2015
Jersey Disclosure Facility - Update
The Government of Jersey has released a statement in relation to the closure of the UK Jersey Disclosure facility.
09/14/2015
FACTA: Expect the unexpected (and the worst)
FATCA is a mutual effort to combat tax evasion and it would be mutually beneficial for both the countries.
09/14/2015
Switzerland To Amend Withholding Tax Regime
The Federal Council has now confirmed that the existing exemptions for CoCos and write-off bonds will be maintained for a limited period.
09/13/2015
Malta remains against tax harmonization
‘Coordination, not harmonisation, is the way to go on tax matters,’ Finance Minister tells EU ministers
09/11/2015
US tax rules catch out UK investors, warns wealth manager
A range of commonly held tax-incentivised savings wrappers are not recognised by the US, which has led to many clients coming to Vestra US with tax inefficient portfolios.
09/11/2015
Sebi asks market entities to follow I-T Department norms for FATCA
A meeting of sub-committee of the Financial Stability and Development Council today also discussed issues regarding inter-regulatory co-ordination for reporting under FATCA,
09/10/2015
Our sweet deal for Apple leaves bitter taste for taxpayers
Some good news. Europe, which told Ireland to make payments to bondholders despite no legal obligation to do so, may be on the brink of giving us a financial break.
09/10/2015
Revenue & Customs 'winding down' inquiries into HSBC Swiss tax evaders
After reopening investigation into HSBC clients hiding money in Switzerland, HMRC admits it has still only prosecuted one tax cheat
09/10/2015
KPMG offshore 'sham' deceived tax authorities, CRA alleges
Multi-millionaire KPMG Canada clients paid virtually no tax in Isle of Man scheme, court documents show
09/09/2015
Tax avoidance and the law of unintended consequences by George Bull
From the perspective of tax authorities worldwide, tax avoidance is a massive example of the operation of the law of unintended consequences. At a time when tax authorities around the world are rushing to crack down on tax avoidance, it’s therefore
09/08/2015
New service line helping local businesses
Coaching, the latest service line to be added to Business Sense®, is headed up by 63 year old former US Navy submarine officer
09/08/2015
Greece Plans Property Tax Reforms
As part of the third bailout deal recently agreed with Greece's creditors, the tax must be restored.
09/07/2015
Black money trail exposed
According to some black money researchers, it is actually Indian black money routed back to India through foreign tax havens in the name of P Notes. Here is one such shocking example.
09/06/2015
QROPS – Back to Basics
But what happens if you decide to relocate during your retirement, or even move back home?
09/04/2015
Black money law: Beneficiaries in overseas discretionary trusts may face enquiry
he taxman will look through the trust and lift the veil with the basic presumption that the fund a trust holds belongs to the beneficiaries and not some foreigners or non-resident Indians.
09/03/2015
UK seems to relax pressure on Caymans over company register
Grant Shapps, Foreign Office minister, says on visit that Cayman Islands could use existing systems to help tax authorities
09/03/2015
Offshoring In The Current Tax Climate
Deloitte Jersey Tax Briefing
09/03/2015
Map reveals amount of land in the Cotswolds registered abroad
THE amount of land in the Cotswolds registered in foreign countries has been revealed in a stunning new map.