Managers of Wealth Offshore

The plea deal of an ex-banker details tax-evasion schemes

As part of a plea agreement, an ex-Credit Suisse banker recently disclosed how U.S. customers avoided offshore account disclosure requirements.

IRS to Make Limited Use of Offshore Bank Data, Koskinen Says

The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints

U.S. Senate Urges the Department of Justice to Seek Extradition of Swiss Bankers Who Helped U.S. Taxpayers Maintain Undisclosed Bank Accounts

The Department of Justice, confirmed it has charged 35 Swiss bankers and 25 financial advisors with helping U.S. Taxpayers hide their undisclosed overseas accounts, but has not yet sought their extradition to the United States.

Tax Coalition Chief: Bahamas Must Be 'Low Tax'

The Bahamas needs to position itself as a ‘low tax’ jurisdiction to access potential benefits from tax and investment treaties with other countries.

Tax information exchange agreements in Jersey

A tax information exchange agreement is an agreement between two jurisdictions that sets the basis for co-operation between those jurisdictions by way of mutual exchange of information to assist both civil and criminal tax investigations.

American, Canadians Accused of Money Laundering in the Caribbean

Three Caribbean-based men who helped Americans hide assets from U.S. tax authorities were charged in a sting operation with laundering what they were told was dirty money.

Cyprus: Cyprus And Norway Sign Double Tax Avoidance Agreement

The new agreement is based on the Organisation for Economic Cooperation and Development Model Tax Convention and provides for the exchange of information in accordance with the relevant articles thereof. The agreement will take effect once it has been rat

Budget 2014: fund group relief at offshore tax clarification

A provision buried in the budget has lifted the threat that offshore funds will lose their favourable tax treatment.

Several offshore zones suggest exchanging tax information with Russia

The deputy finance minister added Russia’s “reaction to the initiative will be positive, Russia will participate in the negotiations and will enter into agreements."

Switzerland Passes Anti-Tax Evasion Bill

Economiesuisse also said that limiting cash payments is both unnecessary and arbitrary

Corporate tax avoidance 'scheme' hurting Canada, expert says

As Canadians dutifully file personal income tax returns during the coming weeks, consider this: many profitable companies pay little or no tax.

UK FATCA: Reporting requirements for bermuda trusts by Stacy-Ann Maharaj, Appleby

In her article, Stacy-Ann Maharaj discusses how financial institutions in Bermuda

BVI & Canada: Down to business – TIEA now effective - Appleby

The BVI is now party to 25 TIEAs.

Jersey signs tax agreement with Belgium

Jersey and the Kingdom of Belgium signed a tax information exchange agreement at the Residence of the Ambassador for the Kingdom in London today

$50K delivered to your door: a convenience of (illegal) offshore banking

The rich are not like the rest of us, and neither are their offshore bankers.

Mauritius at The Forefront of Tax Friendly Countries For High Net Worth Foreigners

From “Tiger of the Indian Ocean” to “Cyber island”, Mauritius has turned now into a “Safe and Reliable Investment Hub” in terms of good governance as well as ethical, economic, political and social stability.

BVI concludes negotiations with US on FATCA by Ross Munro, Harneys

The initialling of the agreement comes after several months of dialogue with the US Treasury. At this stage, the final text of the IGA has not been released.

Bank deal with Switzerland of no use catching former tax cheats: Treasury

Treasury officials have admitted an agreement with Switzerland to open up its secret bank accounts for scrutiny is powerless in netting tax cheats who have already closed their accounts

Cayman Islands: Banks ready for FATCA

President of the Cayman Islands Bankers’ Association Mike McWatt says banks operating locally are ready for the implementation of the U.S. Foreign Accounts Tax Compliance Act

Congress Urges Department of Justice to Use All Enforcement Tools Necessary to Go After U.S. Taxpayers with Undisclosed Offshore Accounts

Recently, the U.S. Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations held a hearing on the ongoing effort to collect unpaid taxes and penalties on offshore bank accounts.