Managers of Wealth Offshore

FCA Pulls List; Commits to Thorough Review of Methodology

It also has committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list.

India among top recipients of remittances from Cayman Islands

Cayman Islands may be widely known as a 'tax haven' and a major route for overseas investment flows, but India has surprisingly emerged as a top destination of 'worker remittances' from that British Overseas Territory.

Expats could cut UK financial ties

Under current rules, expats are able to offset income earned in Britain against tax.

Dutch Banking Tax Study Flawed, Says ABN AMRO

Dutch bank ABN AMRO has criticized a new report, The Fair Banking Guide, published by the Dutch BankWiser after an investigation into international tax avoidance in the Dutch banking sector.

Mauritius Further Enhances its Position as an Offshore Jurisdiction of Choice with Four Double Taxation Agreements - Appleby

The Government of the Republic of Mauritius (Government of Mauritius) has ratified double taxation agreements (DTA) with Guernsey and several African countries.

Isle of Man signs tax agreement with Swaziland

The Isle of Man has now signed 42 agreements which meet OECD standards

No place to hide from the taxman – Seychelles signs automatic tax information sharing agreement

The country becomes the 46th jurisdiction to join the initiative launched by the G5.

India Eyes Tax On £350 Billion Cash Hidden Offshore

The Indian government’s bid to unearth black money stashed away in hidden offshore accounts is starting to pay off.

G20 must halt global game of tax avoidance by fighting anonymous shell companies and tax havens

Mention financial secrecy at the dinner table ten years ago and you would most likely have been greeted with a blank stare.

Most Dutch banks are 'vague' about tax avoidance

Seven Dutch financial institutions may be involved in evading taxes and are ‘extremely vague’ about what they do to ensure this does not happen, the Dutch Fair Bank Guide said on Wednesday.

Australia back in the ring to fight transnational tax evaders

Treasurer Joe Hockey has said the Australian government will look to the G20 group of nations and the OECD to join the hunt for multinational businesses engaging in transfer pricing and other tax reduction schemes.

Wealthy Finns reveal hidden assets as Swiss bank secrecy comes to an end

Finnish tax authorities were taken aback last spring when dozens of Finns with assets stored in Swiss bank accounts requested corrections to their tax data to reflect undeclared income.

Time running out to own up to tax avoidance

Expats who have failed to pay their taxes may find the attractive option of using the Liechtenstein Disclosure Facility blocked, thanks to changes made to it recently.

Companies find other ways to move offshore and avoid U.S. taxes

Some firms have left the U.S. system not through inversions but through buyouts by investment funds

Tax change could see expats sever ties with UK, expert warns

In this year’s budget, the government announced it would consult on whether entitlement to the UK personal allowance should be restricted for non-residents and how this might be done.

Expatriate Tax Sense or Broad-Brush Overreach: The U.S. Foreign Account Tax Compliance Act

An effort to control tax havens for those hiding their assets overseas has resulted in broad brush impacts on hard-working expatriate Americans living and working out of country.

United States: FATCA’s Impact On Preparing Trusts With Offshore Business or Investment Activities

Its purpose was designed to prevent U.S. taxpayers from "hiding" under the cover of a foreign based entity or trust in evading U.S. income tax and possiblly evading U.S. transfer tax.

Extra $40m disclosed following ATO amnesty on income and assets overseas

A tax amnesty for Australians with income and assets overseas has added almost $40 million in income into the tax system.

Bahamas Confirms Charities To Be VAT Exempt

The Bahamas' Ministry of Finance has clarified that local charities and non-government organizations will be exempt from VAT, and refunds will provide some relief against VAT incurred on inputs in relation to their charitable activities.

UK To Clamp Down On Non- Disclosure Jurisdictions

Investors who move money to non-disclosure jurisdictions will be kept in check by new rules from the UK tax authorities, which plan to make it a criminal offence to evade offshore tax.