10/24/2014
Swiss banks seeking to avoid U.S. prosecution by disclosing how they helped Americans evade taxes asked the Justice Department this week to back off a dozen demands, including that they cooperate with other nations.
10/24/2014
The group has said that several offenders have since been arrested after the information was passed onto police, including in Australia, Poland and the United States.
10/23/2014
First 'deoffshorization' bill reaches Russian parliament
Requirements set in the bill could be toughened when it reaches the second reading, the lawmaker said.
10/23/2014
FATCA: practical compliance for non-US private trust companies and their trusts
Compliance for a foreign trust with a foreign professional trust company as trustee is relatively straightforward.
10/23/2014
The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals.
10/22/2014
Luxembourg Tax Deals Under Pressure
Confidential tax arrangements for multinational companies like Amazon and Fiat save taxes but now are under pressure from the EU
10/22/2014
Global Tax Transparency and the Future of the Cayman Islands
In the October 2 issue of Global Tax Weekly, DMS Director Peter Stafford and Executive Director Don Ebanks discuss the impact of international tax information exchange initiatives on the future of the Cayman Islands as a leading offshore financial center.
10/21/2014
Hong Kong, South Africa Sign DTA
The agreement guarantees that income should be subject to the tax rules of a single state.
10/20/2014
Clawback - the taxman’s growing reach
It was George Harrison’s astonishment at the amount of tax he was paying that prompted him to pen The Beatles’ song “Taxman” almost 50 years ago.
10/17/2014
Grant Thornton is to open a new office on the Isle of Man.
10/17/2014
Switzerland and member states of the European Union have signed a joint statement that reaffirms Switzerland's commitment to abolish contested corporation tax regimes and EU member states' pledge to lift countermeasures.
10/15/2014
The Irish have officially killed the much-loved corporate tax loophole known as the "Double Irish."
10/15/2014
Companies that will be invited to explain their persistently low tax contributions, according to the report, include shopping centre company Westfield
10/14/2014
The Principality of Monaco, a known tax haven, delighted its larger European neighbors when it announced its commitment to fight tax dodgers after becoming the 84th jurisdiction to participate in the Multilateral Convention on Mutual Administrative Assist
10/13/2014
Since 2009, the U.S. has had unprecedented success with ferreting out offshore accounts. It started in 2008 with key court victories against UBS.
10/12/2014
Controversial tax laws have brought Ireland the only prosperity it’s ever known
U2 singer says capitalism and commerce play a vital role in lifting people out of poverty and that Ireland’s tax policies benefit the country’s economy
10/12/2014
Chancellor George Osborne changed the rules earlier this year. - See more at: http://www.iexpats.com/luxury-home-buyers-hit-surprise-45-tax/#sthash.XRfNvX5p.dpuf
10/09/2014
As the law’s provisions have been phased in, some U.S. citizens who are living permanently abroad have given up their citizenship to avoid inadvertently triggering steep tax bills.
10/09/2014
The tax chief told the radio station that Panama would be taken off the list once it had provided the requested information to Colombian authorities.
10/09/2014
Long the bedrock of the Swiss financial sector, banking secrecy has come under mounting pressure since the global financial crisis.