08/14/2015
OECD publishes guidance on international standard for automatic exchange of tax information
The new 'Implementation Handbook' is designed to assist countries with their implementation of the CRS.
Tax
08/13/2015
Switzerland, Belize Sign TIEA
The agreement must now be approved by the Swiss parliament and may be subjected to a referendum before it can enter into force.
08/13/2015
Moore Stephens staff listed in Citywealth Future Leaders List
Each professional included on the list has been recommended by their directors, senior peers and clients.
08/13/2015
Bahamas Tax Compliance Certificate to Be Introduced
These obligations include filing tax returns and paying the assessed taxes.
08/13/2015
Isle of Man Tax Bulletin - Deloitte
Isle of Man removed from Italian blacklist
08/12/2015
Supreme Court decision could have implications for UK trusts by Joan Foster
A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.
08/12/2015
New report compares performance, best practices and trends in 56 tax administrations
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/11/2015
Bahamas set to comply with international FATCA standards
The Bahamas is a well-established, well regulated, fully compliant jurisdiction.
08/11/2015
Offshoring In The Current Tax Climate - Deloitte
HMRC have been increasing their focus on offshore and tax structuring arrangements for some time now and there has been a noticeable shift in their approach towards such arrangements.
08/11/2015
IT department not to disclose voluntary wealth disclosures
The facility is available under the Black Money Act’s compliance window, which ends on 30 September
08/11/2015
Foreign Account Tax Compliance Act
Trustee and fiduciary service providers are subject to FATCA compliance requirements
08/11/2015
Tax dodgers must come clean
The South African Institute of Professional Accountants is urging local tax dodgers to come clean in the wake of the HSBC scandal.
08/10/2015
Extension to the capital gains tax regime to non-UK residents owning UK residential property
Key point: all qualifying non-residents will have to file a tax return within 30 days of a disposal of a UK residential property
08/10/2015
The OECD takes further steps to putting an end to offshore tax evasion
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information
08/10/2015
Revenues surge as global crackdown on tax evasion gathers pace
The Paris-based OECD said last week that many transgressors were facing “the last window of opportunity” to disclose such information.
08/10/2015
Offshore Messenger: Budget changes significantly impact offshore world
In a bid to raise more tax, the UK Summer Budget introduced a number of changes which will significantly impact the offshore world.
08/07/2015
Cyprus aims to be premier destination of choice for HNWIs & businesses by Kevin Halouska
On July 9, 2015, the Parliament voted on the most significant changes in the Cyprus tax system since 2003.
08/07/2015
Brazil tax amnesty plan may struggle to lure back offshore assets
The bill, expected to go to a Senate vote this month, would allow beneficiaries to come clean on two conditions - that they disclose the origins of the funds and pay a 35 percent penalty
08/07/2015
Tax evasion: offshore wealth managers on Sebi’s radar.
Sebi seeking to scrutinize Indian funds held abroad; move could put off some banks looking to build India presence
08/07/2015
Soccer’s Romario Gets Apology After False Offshore Cash Claim
The timing of the Veja article coincided with the start of a parliamentary investigation into alleged corruption at Brazilian soccer’s governing body that Romario is leading.