Managers of Wealth Offshore

HMRC Confirms QROPS Changes Are On The Way

HM Revenue & Customs has indicated a review is under way of the complicated rules that an offshore pension has to meet to become a QROPS.

There is at least $21tn stashed away in tax havens

Mr Henry said his $21tn is actually a conservative figure and the true scale could be $32tn. A trillion is 1,000 billion.

Taxing times

Businesses in the island’s vital financial services are gearing up for ‘substantial changes’ dealing with tax.

Cyprus has signed a Model 1 IGA containing a most favoured nation provision which provides that any more favourable terms negotiated under another country's IGA will automatically be applicable to Cyprus.

Vatican Bank Joins 100 Nations In FATCA Offshore Account Hunt

In his annual Christmas messages to more than one billion Catholics, the Pope may have left out something: offshore account compliance.

South Africa urged to finalise renegotation of Mauritius tax treaty

South African investors have used Mauritius as a vehicle for investing in other countries with which Mauritius has beneficial double taxation treaties.

Netherlands, Curacao To Avoid Double Taxation From 2016

The Dutch Ministry of Finance announced that a new regulation for the avoidance of double taxation between the Netherlands and Curacao is expected to be effective beginning 1 January 2016.

Jersey Tax Bulletin December 2014 - Deloitte

Updated Crown Dependency FATCA Guidance Notes

German state buys tax CD containing Swiss bank client data - paper

The clients each have accounts containing up to 5 million euros at the unidentified bank, the newspaper said, adding that NRW tax investigators were currently analysing the data.

IRS Issues John Doe Summons To FedEx, DHL, UPS, HSBC In Massive Offshore Account Hunt

They include Western Union Financial Services Inc., the Federal Reserve Bank of New York, Clearing House Payments Company LLC, and HSBC USA.cc

Seminar advises on raft of UK tax changes

More than 200 financial services professionals filled the Sanderson Suite of the Claremont Hotel to hear of substantial changes in the local and international tax environment.

Cyprus signs agreement with United States under FATCA

On December 2 2014 the Cypriot finance minister and the US ambassador to Cyprus formally signed the intergovernmental agreement between Cyprus and the United States under the Foreign Account Tax Compliance Act.

Govt renegotiating tax treaties to curb illicit wealth flows

The comments come at a time when the Supreme Court- constituted Special Investigation Team (SIT) has detected funds

Two Swiss VAT Rule Changes From January 1

A second change deletes Article 16, paragraph 3 of the Value Added Tax Ordinance

UBS Loses Appeal in French Tax Evasion Probe

UBS to Challenge French Ruling at European Court of Human Rights

Swiss Bank exits FATCA programme

Barclays Bank’s Swiss operations is ending its cooperation with the Internal Revenue Service’s efforts to prevent investors from investing money in foreign countries with more amenable tax structures and policies.

How Google and Apple Make Their Taxes Disappear

The British government, after a search, says it knows how to tax the profits Google earns in the United Kingdom. Its solution is simple and elegant, and it probably won’t change a damn thing.

Gov't drops plans to make offshore tax evasion a criminal offence

In August HMRC said it was looking to make tax evasion a criminal offence.

Luxembourg tax files: can Jean-Claude Juncker weather the storm?

EU political elite will not make life difficult for commission chief, but fate will hinge on the evidence against him

Taxing New Rules Make Hiding Cash Harder

More paperwork as governments force wealthy to declare overseas assets.