Managers of Wealth Offshore

Moore Stephens named in the Citywealth Leaders List

Moore Stephens, Chartered Accountants in the Island, has once again been listed in the prestigious wealth management network Citywealth Leaders List.

EU releases world tax havens blacklist

The European Union published its first list of international tax havens on Wednesday as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc.

Updated Jersey FATCA Guidance Notes

On 11th June 2015, the Jersey Tax Office released an updated version of the Jersey FATCA Guidance Notes

Switzerland Reportedly Eliminates VAT For Bitcoin Transactions

The news was delivered following a formal inquiry to the Swiss Federal Tax Administration (FTA) by three members of Bitcoin Association Switzerland, submitted in Feb 2014. FTA’s answer clarified that bitcoin is not seen as a good or service, and is

Upper Tribunal holds offshore structure which created a VAT advantage not abusive

Those engaged in wholly or largely VAT exempt activities suffer irrecoverable VAT on the costs of bought in services such as advertising. Individual businesses or sectors may therefore need to consider the most VAT efficient structure to use.

BAHAMAS: New Gov’T Debt Security Targets $200m ‘Finish Line’

The first piece carries a 4 per cent interest rate and three-year principal maturity

The IRS Turns Up The Heat On Hedge Fund-Backed Reinsurance

What is a hedge fund investor to do?

Vatican to share tax info with US

THE Vatican has agreed to share tax information with the United States in its latest move to improve the reputation of its scandal-marred bank and crack down on tax cheats.

IRS Deadlines Loom for Taxpayers With Offshore Accounts

IRS reminds taxpayers of important June deadlines for FATCA and FBAR filings

Putin signs law on offshore assets amnesty

“turn the offshore page of the economy and start living from scratch not thinking that either racketeers or law enforcement will come after you.”

Hedge Funds Face $5 Billion Tax as Iceland Unveils New Law

Iceland presented legislation that will let it tax bank creditors trying to exit the $15 billion economy as the government unveils an historic bill to end capital controls.

OSC seeks to beef up whistleblower program with cash rewards up to $1.5M

The Canada Revenue Agency began an offshore tax informant program in January 2014, offering up to 15 per cent of funds recovered in cases that see the CRA recoup more than $100,000.

Recent Tax Treaty Developments In Cyprus by Philippos Aristotelous, Andreas Neocleous & Co

The proposed provisions are similar to existing provisions relating to information exchange except in one important regard.

OECD releases Implementation Package for BEPS country-by-country reporting

Pushing forward efforts to boost transparency in international tax matters, the OECD today released a package of measures for the implementation of a new Country-by-Country Reporting plan developed under the OECD/G20 BEPS Project.

Finance minister advocates domestic tax amnesty

Switzerland’s participation in agreements over the automatic exchange of information means that tax amnesty within the country's borders should be considered for a fair playing field

Strengthening the international community’s fight against offshore tax evasion

Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information

Extension of FATCA Deadlines for BVI Financial Institutions - Conyers

This update supplements our previous alert of 3 November 2014 entitled “Impact of FATCA on BVI entities” and our alert of 23 April 2015 entitled “FATCA – Impending Deadlines for BVI Financial Institutions”.

SMP Accounting & Tax - UK Property -The Non-Resident Landlords Scheme 2015

The Non-Resident Landlords Scheme is a scheme for dealing with the UK taxation of UK rental income of individuals, companies and trusts that are not resident in the UK.

Ocean Finance Upper Tribunal Judgment - Deloitte

Webcast: 8 June 2015, 4pm

deVere Group launches tax consultancy

One of the world’s largest independent financial advisory organisations has today launched its standalone tax consultancy division.