07/20/2015
The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation.
07/17/2015
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07/17/2015
People who evade tax, facilitate or turn a blind eye to tax evasion will now face powerful criminal and civil sanctions under our tough new regime,” he said.
07/17/2015
Under the current law a taxpayer can only be guilty of a criminal offence if HMRC can prove that the failure was deliberate.
07/16/2015
The deadline for FIs to submit FATCA data to the IRD has been moved forward to July 31, 2015.
07/16/2015
Ukraine and Cyprus have agreed to review bilateral agreements on taxation to prevent the withdrawal of capital to offshore zones, Finance Minister Natalie Jaresko wrote on Facebook.
07/16/2015
Mr Codrington was convinced that there would be an increase in individuals that would reconsider their options once the new regime came into force in April 2017.
07/16/2015
Other areas where we have seen strong growth include Gibraltar and the Isle of Man
07/16/2015
Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.
07/16/2015
Guernsey chief minister Jonathan Le Tocq has defended the island’s position as an “international leader” in tax cooperation after it was placed on the European Commission’s tax haven blacklist last month.
07/16/2015
HM Revenue & Customs is consulting on a raft of new measures to clamp down on offshore tax evasion.
07/15/2015
But instead of taking steps to halt this brazen tax dodging, lawmakers have floated various misguided “reform” proposals that would actually reward these companies’ bad behavior.
07/14/2015
Mauritius’ former finance minister claims that his country has given up the right to tax capital gains.
07/13/2015
This follows allegations that offshore subsidiaries are being used by MNCs to shift out profits for reducing their tax bills.
07/12/2015
Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.
07/12/2015
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07/10/2015
Global bank’s Swiss operation helped wealthy customers evade tax during Stephen Green’s tenure
07/10/2015
Swiss banks agree US tax evasion deal with Justice Department
Two more Swiss banks have agreed deals with the US Justice Department over tax evasion by Americans.
07/10/2015
Summer Budget 2015
07/10/2015
Following Guernsey being placed on an EU tax 'black list' as a non-cooperative' jurisdiction, the OECD has come out in support of the island.