Managers of Wealth Offshore

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.”

Information on expats opening offshore accounts to be shared with HMRC

The UK signed its agreement with the US in 2012

Macau, Guernsey to sign tax agreement

The number of jurisdictions that have a TIEA or Double Taxation Conventions (DTC) with Macau will increase to 19 once Guernsey has signed on the dotted line.

British Virgin Islands, United States Sign FATCA Agreement

The FATCA law requires, among other provisions, US citizens living outside the US to report their foreign bank accounts to the Internal Revenue Service.

Cayman mostly FATCA compliant

The Cayman Islands Banking Association says almost 15,000 of Cayman’s financial institution have registered with the Internal Revenue Service in the United States.

EU widens tax investigation into multinationals

Luxembourg is used by many multinationals including online retailer Amazon

States of Guernsey STEPs up

The Income Tax Office introduced a Compliance and Investigation Unit in the late 1980s to address domestic tax evasion and tax avoidance.

Bahamas : Bank Braces For $2.4m Tax Impact

Bank of the Bahamas incurred a further $2.311 million in loan loss provisions during the quarter to end-March 2014, and Mr McWeeney hinted that more were to come.

Russian authorities to offer tax amnesty for offshore companies

The Finance Ministry is pushing ahead with its program to entice Russian-owned offshore firms to repatriate capital.

Spain Agrees With Dominican Republic to Stop Double Taxation

Spain taxes the worldwide income of residents and the Spanish income of non-resident

Tax exchange agreements are ‘redundant’, says IoM’s Allan Bell

They’ve served their purpose by stimulating FATCA, and that period of work was absolutely essential to lay the groundwork for the new global structure of tax information.”

Turnbull investment in tax haven criticised

Australia is to chair the G20 leader's summit in Brisbane in November and Prime Minister Tony Abbott and Treasurer Joe Hockey have put on the agenda discussion of tax evasion and profit shifting.

Liechtenstein moves to shed tax-haven image

A global crackdown on offshore tax havens following the financial crisis and a 2008 wrangle with Germany over stolen bank data have forced the principality to come clean over its tax policies

Butterfield Bank CEO On FATCA Implementation

FACTA imposes due diligence, information reporting and control obligations on non-US financial institutions for certain US persons who maintain relationships with these institutions.

Offshore Crackdown Kicks Off With 30 Percent Penalties for Banks

The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector.