Managers of Wealth Offshore

An update regarding the new QI Agreement

On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.

British Virgin Islands: Continued Benefits Of Holding UK Property In A BVI Company

Another significant reason is that ownership remains confidential

Fears 'aggresive' HMRC may target offshore bonds

Ray McCann, partner (non-lawyer) at Pinsent Masons, said HMRC was allowing anxieties to “swell up” over how far it would go, adding that it was possible the body could eventually target offshore bonds.

The top ten tax-free destinations where expats and non-doms don't hand a single penny to the exchequer

The country - which consists of more than 700 tiny islands - offers an excellent standard of living as well as 0 per cent tax on personal earnings.

Expats Not Exempt From UK Pension Tax

While the Budget attempts to operate under the guise of flexibility, there will be a couple of inevitable terms that could potentially make the idea of drawing the whole fund in one go a lot less appealing.

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FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.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