09/21/2015
Draft AEOI Guidance Released
HMRC have released their draft Automatic Exchange of Financial Account Information Guidance notes.
Tax
09/21/2015
Coke told it owes $US3.3 billion in taxes
The IRS wants the US company to pay taxes on some of the money earned from offshore licensees.
09/21/2015
Davis homes in on offshore tax evasion
The proposed legislation will allow foreign tax authorities to access details of their citizens’ accounts held in Switzerland
09/21/2015
St. Kitts and Nevis: Government Shoulders Responsibility in A Globalised World by Signing FATCA
FATCA is designed to achieve American purposes
09/21/2015
Tax Evaders Targeted in United States Using Belize Accounts
The approval to do so has been given on Wednesday by a Miami based federal court.
09/18/2015
FATCA Update - Deloitte
Jersey Tax Bulletin
09/18/2015
Nearly 1000 Multinational Cos to be scrutinized under new Tax Laws
These 1,000 companies will need to consider the new rules if they have economic activities in Australia, but book their Australian sales revenue offshore.
09/17/2015
Litigating FATCA: Rand Paul And Financial Privacy
Treaty-based information exchange isn’t very useful in efforts to detect offshore tax evasion.
09/17/2015
American Dream Relocates to Bermuda, Says Fishman, Blaming Taxes
U.S. money-management firms including Oaktree Capital Group LLC and BlackRock Inc. have worked with industry veterans to start insurers offshore in the past year.
09/17/2015
Allegations surround Wilson Security's link to HK bribes scandal and tax haven
Exclusive: company faces renewed questions over its fitness as security contractor at Australian detention centres on Manus Island and Nauru
09/17/2015
Guernsey Disclosure Facility - Update
The Government of Guernsey has released a statement in relation to the closure of the UK Guernsey Disclosure facility.
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.
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.