09/24/2015
IRS Targets Secret Offshore Bank Accounts
US taxpayers with secret bank accounts in Belize are about to feel the full force of the Internal Revenue Service.
Tax
09/24/2015
UK plugs contractor tax loophole
Those high income individuals using offshore trusts will have to pay up by month end
09/24/2015
Challenges facing companies in the face of intense scrutiny
Dozens of island companies are facing challenges from unprecedented scrutiny by global tax authorities, a leading legal expert has told Business News.
09/24/2015
Swiss Banks Outline Stance On AEOI
In a recent speech, Odier noted that Switzerland has taken the necessary domestic legislative measures
09/23/2015
IOM: Chief Minister rejects Washington DC’s tax haven slur
Washington DC released the list of 39 ‘tax havens’ as part of its Budget Support Act, which was signed by the Mayor in August.
09/23/2015
St. Kitts and Nevis: Amory dismisses concerns about FACTA's impact on the offshore financial sector
Financial institutions in the federation will under FATCA, be expected to fulfill a requirement to report on US persons income to facilitate US collection of taxes.
09/23/2015
Isle of Man signs Tax Information Exchange Agreement with the Cayman Islands
The Isle of Man has continued its programme of developing closer economic and taxation co-operation with other countries by concluding a Tax Information Exchange Agreement with the Cayman Islands.
09/22/2015
Tax Reform Summit: Community buy-in crucial for efficient tax system
We also need the tax system to be fair, and to incentivise desirable outcomes like high-tech innovation and greater workforce participation by women and older Australians.
09/21/2015
Draft AEOI Guidance Released
HMRC have released their draft Automatic Exchange of Financial Account Information Guidance notes.
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.