Managers of Wealth Offshore

OECD pledges fresh offshore tax avoidance clampdown

A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog

New Double Tax Agreement Between Cyprus And Guernsey

This is the first comprehensive double tax agreement between the two jurisdictions and will come into force once it has been ratified in accordance with their domestic legal procedures.

OECD unveils new global plans to crack down on corporate tax dodgers

At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015

Bermuda is an ally, not a tax haven

As a small island nation, with a vibrant insurance sector and relatively low tax rates, Bermuda can be a target for political leaders and pundits in the United States.

Bermuda: Treasury Is Weighing Action on Hedge-Fund Tax ‘Loophole’

The Treasury, in an Aug. 9 letter obtained by Bloomberg News today, told Senate Finance Committee Chairman Ron Wyden that it’s concerned about such arrangements and is weighing legislative and administrative responses.

Expats Left Frustrated as Banks Cut Services Abroad

Americans living abroad are being cut off by banks and brokerages as financial institutions seek to steer clear of a U.S. crackdown on money laundering and tax evasion.

FATCA responsible officer function obsolete for Cayman funds

Outsourcing the responsible officer (RO) function under the Foreign Account Tax Compliance Act (FATCA) offers limited value to Cayman-Islands’ domiciled fund managers.

US tax haven Delaware under pressure

That has now put Delaware, and other states that permit shell companies, in the sights of the US authorities, after they have campaigned against international tax havens like Switzerland to fight tax dodging and money laundering.

Minister’s offshore business to be re-investigated

The finance department has asked the FTA for support in the process.

Biggest tax inverters ‘have $21bn offshore’

The tax benefits include lower-cost access to existing offshore cash and to future non-US earnings.

Double Tax Treaty Round Up

The DTA between Cyprus and United Arab Emirates took effect on 1 January 2014

Video: Political Ad Calls Bermuda ‘Tax Haven’

The Al Franken campaign released a new TV ad entitled “Bermuda”, with Democratic Senator Al Franken accusing his Republican opponent Mike McFadden’ business of “exploiting a Bermuda tax haven to avoid paying millions in U.S. taxes.

CFTC Concerned Over Big Banks Transferring Trading Operations Offshore

The Commodity Futures Trading Commission is wary of banks invoking guarantees on foreign swap deals, and is taking steps to scrutinize such activity

Jamaica: Mayberry advises clients about FATCA

Mayberry Investments Ltd (MIL) is seeking to educate its clients about the recently introduced FATCA legislation.

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