Managers of Wealth Offshore

Threat to tax break for expats under consultation

Plans to disallow UK non-residents from benefiting from the personal allowance could mean those who work abroad for their companies are “significantly worse off

Billionaire investor Threatens To Dump Companies That Move Offshore

The Mavericks owner is known for his loud and sometimes distasteful comments.

Singapore becomes the fourth signatory of double taxation agreement with Seychelles this year

According to the Seychelles foreign affairs ministry the agreement was signed in New York between the Seychelles Ambassador to the United Nations, Marie-Louise Potter and her Singaporean counterpart, Karen Tan on July 9.

Obama blasts US firms for 'magically becoming Irish' in controversial tax switches

US President Barack Obama has blasted American multinationals that move to Ireland to cut their tax bill.

Jamaica: Heat on tax dodgers

Finance Minister Peter Phillips yesterday blamed tax avoidance and evasion as major contributors to Jamaica's debt problems.

BVI publishes draft FATCA Guidance Notes

In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.

Using Offshore Tax Havens

Taxes charged by governments are a lot like consumer prices charged by retailers.

VAT Will Help Bahamas

The VAT was proposed by the government last month

Standard for Automatic Exchange of Financial Information in Tax Matters

New single global standard for the automatic exchange of information between key authorities worldwide

BEPS – Risks and opportunities for the Financial Services sector

Fundamental changes to the international tax environment are set to provide both challenges and opportunities to businesses in the financial services sector.

Black Money: India making all efforts to get Swiss banks a/c holders' list

The Finance Minister said the list of 700 illegal Indian Swiss bank account holders was received from the French government which it had received from the HSBC bank data.

Failure to Disclose Offshore Accounts Could Cost U.S. Taxpayers 50% of Their Accounts' Value

The IRS has identified at least ten banks whose accountholders face this penalty

UK FATCA and Cayman Funds by Maples & Calder

The UK IGA provides a framework for the implementation in the Cayman Islands of a UK tax residents reporting regime ("UK FATCA") which is similar in scope to the US Foreign Account Tax Compliance Act ("US FATCA").

Obama Administration Seeks Curbs on Offshore Tax Deal

In inversions, U.S.-based businesses purchase a foreign company, then switch the legal address to take advantage of the foreign jurisdiction’s favorable tax rules

New decision on wording of Cyprus-India double tax agreement

Cyprus company Glendive Enterprises Limited entered into an agreement with Arabian Resources FZC to provide a ship to transport bauxite ore

Bruised and grumbling, foreign banks bend to U.S. rules

Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.

Revenue Canada's offshore tax cheat snitch line flooded with calls

Cash reward system gives tipsters up to 15 per cent of the amount in taxes collected

Tycoons Bruce Gyngell and Edward Lumley set up offshore tax empires

The families of two Australian tycoons figure prominently in a leaked list of clients belonging to the offshore “wealth management” firm Kleinwort Benson, the Guardian can reveal.

US to see changes to offshore amnesty tax programmes

Expats should know that if they need to file under OVDP, the deadline is 04 August. After this date, OVDP penalties will rise from 27.5% to 50% if your account is held in one of the 10 banks who are cooperating with, or are identified in, a US court filin

More than 20,000 client names of Jersey tax haven bank leaked

The group says that George Osborne, UK chancellor, announced in April: “If you’re evading tax offshore, there is no safe haven and we will find you.”