10/31/2014
Black money case fallout: India pulls out of multilateral information sharing agreement
Government sources said that India was unable to sign the pact as there was uncertainty about disclosures and lack of clarity
Tax
10/31/2014
Are offshore structures still advantageous in 2014?
Although in the past eight years or so, various UK Governments have introduced legislation which has withdrawn some of the previously available tax advantages of such structures, they remain valuable tax planning vehicles in the right circumstances.
10/30/2014
51 Nations Swap Offshore Account & Tax Data, FATCA On Steriods
A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.
10/30/2014
Jersey Finance welcomes Jersey’s participation in ‘early adopters’ signing ceremony in Berlin
Jersey’s participation in a signing ceremony involving leaders and finance ministers of 51 countries and jurisdictions reflects its ongoing commitment to international cooperation and the highest standards of transparency, according to Jersey Financ
10/30/2014
Channel Islands sign tax agreement
Guernsey and Jersey have signed a multilateral competent authority agreement, which takes a further step toward the implementation of a new single global standard for automatic exchange of taxpayer information.
10/29/2014
Switzerland, India Differ On Bank Account Disclosures
A Swiss official says there is a disagreement with the Indian government as to 'what exactly will have to be disclosed'
10/29/2014
Government of The Bahamas Selects Tyler Technologies’ iasWorld Appraisal and Tax Solution
The Bahamas conducted a competitive review looking for an efficient appraisal and tax solution that would support the government’s use of modern technology to improve its property tax administration and collection processes while reducing manual wor
10/29/2014
Gilbratar Joins Landmark Tax Transparency Drive
Gibraltar will today sign an international agreement with at least 45 other countries to swap tax information automatically with each other from 2017.
10/29/2014
Bank-Data Sharing Accord Expands Push to Find Tax Cheats
The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs
10/29/2014
Bank-Data Sharing Accord Expands Push to Find Tax Cheats
The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs
10/29/2014
Narendra Modi Government Submits 'Black Money' List With Over 600 Names To Top Indian Court
Several activists have alleged that the income derived from India’s flourishing black money economy is used to fund election campaigns of a number of politicians.
10/28/2014
Caribbean Tax Reform Discussed At IMF Forum
Participants of a recent International Monetary Fund (IMF) forum discussed how to make the Caribbean's tax regime more investment friendly.
10/27/2014
Heads of Tax Administration agree global actions
The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the move to automatic exchange of financial account information took centre stage when Heads of Tax Administration met on 23-24 October in Dublin, Ireland.
10/27/2014
Jersey 2015 Budget Stamp Duty Changes
The States of Jersey recently approved the 2015 Budget which contains some important changes in relation to stamp duty and Land Transaction Tax.
10/26/2014
U.S. Tax Update – Practical Aspects for Guernsey Service Providers
We are hosting a breakfast briefing on Thursday 20 November covering key US tax topics and developments of which investment managers and other corporate service providers should be aware, including the US political environment and other changes to which t
10/26/2014
U.S. Tax Update - Practical Aspects For Investment Funds
We are hosting a breakfast briefing on Friday 21 November covering key US tax topics and developments of which investment managers and other corporate service providers should be aware, including the US political environment and other changes to which the
10/24/2014
Swiss Banks Ask U.S. to Amend Proposed Tax Amnesty Deals
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
Key witness, Liechti, testifies in UBS tax evasion trial in Florida
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.