07/31/2015
HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.
07/31/2015
Sark, a picturesque island 80 miles south of England, was until recently the last feudal state in Europe.
07/31/2015
Beginning with the 2012 tax year, this reporting is satisfied by filing Form 8938 with the Internal Revenue Service (IRS).
07/31/2015
FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.
07/30/2015
CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.
07/30/2015
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
07/30/2015
Both actions have a sharp, short-lived impact, leaving behind a trail of conspiracy theories.
07/29/2015
The U.S. tax system compels U.S. companies to devote as much attention to tax avoidance
07/29/2015
The Cyprus Government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment.
07/27/2015
The Organisation for Economic Cooperation and Development - the leading international standards-setter for tax transparency and cooperation - has underlined Guernsey's reputation as a cooperative jurisdiction.
07/27/2015
The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.
07/27/2015
The risk is that if a taxpayer cannot meet the burden of proof for documenting of a receipt of money or a transaction, the Commissioner successfully argues amounts received can be income.
07/27/2015
As banking secrecy comes to an end, taxpayers with overseas assets should ensure they are on the right side of what can be draconian law.
07/26/2015
The Online Tax Administration System will provide businesses with a simple, user-friendly, online application and payment system.
07/24/2015
Turkey's tax system draws more than two-thirds of its revenue from indirect taxes
07/24/2015
HM Revenue & Customs has won a legal battle against a £29m offshore tax avoidance scheme where money was supposed to fund research into brain disorders.
07/24/2015
Non-UK Domiciliaries and UK Residential Property: Upcoming Changes
07/22/2015
This development comes in the wake of the passage yesterday of the Revenue Administration Act with two amendments.
07/21/2015
Urges incentives to boost jobs, ownership, 3rd pillar of economy
07/20/2015
The Black Money Act, for the first time, allows levy of tax in India on assets kept abroad.