07/31/2015
Think FATCA Requirements Only Apply to Foreign Entities? Think Again
Beginning with the 2012 tax year, this reporting is satisfied by filing Form 8938 with the Internal Revenue Service (IRS).
Tax
07/31/2015
Mauritius introduces new form for tax residency with more disclosure
FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.
07/30/2015
CSIRO chief silent on tax haven
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
Why do off-shore tax havens still exist?
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
07/30/2015
Mauritius & P-notes: Any proposed change in rules may spook Dalal Street
Both actions have a sharp, short-lived impact, leaving behind a trail of conspiracy theories.
07/29/2015
Demonizing Foreign Investors For The Sins Of U.S. Tax Policy Is As Dangerous As It Is Absurd
The U.S. tax system compels U.S. companies to devote as much attention to tax avoidance
07/29/2015
Cyprus's New Package Of Tax Incentives And Technical Amendments
The Cyprus Government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment.
07/27/2015
Guernsey: OECD Backs Guernsey As A Cooperative Jurisdiction
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
Liechtenstein Disclosure Facility To Close In December
The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.
07/27/2015
The importance of recording sources of money received from offshore transactions
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
The future is transparent
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
Bahamas Department of Inland Revenue Introduces Business License Online Registration
The Online Tax Administration System will provide businesses with a simple, user-friendly, online application and payment system.
07/24/2015
Turkey, US agree to cooperate against tax evasion
Turkey's tax system draws more than two-thirds of its revenue from indirect taxes
07/24/2015
Tax avoidance ‘sham’ defeated in tribunal by HMRC
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
Jersey Tax Bulletin July 2015 - Deliotte
Non-UK Domiciliaries and UK Residential Property: Upcoming Changes
07/22/2015
Jamaica: FATCA Takes Effect Next Month
This development comes in the wake of the passage yesterday of the Revenue Administration Act with two amendments.
07/21/2015
Leading realtor warns against additional real estate tax
Urges incentives to boost jobs, ownership, 3rd pillar of economy
07/20/2015
'India Has Shared Protocol to Tackle Black Money Abroad'
The Black Money Act, for the first time, allows levy of tax in India on assets kept abroad.
07/20/2015
US authorities investigating Singapore asset manager in offshore tax evasion crackdown, says WSJ
In its online report on Sunday, the Journal said the investigation marks an expansion east of the US crackdown on undeclared offshore accounts that began in Switzerland in 2009.
07/20/2015
Liechtenstein Disclosure update - July 2015
No liability for any period before 6 April 1999