Managers of Wealth Offshore

Tax Havens Feeling the Heat From Tax Collectors

Switzerland isn’t the only tax haven feeling the heat from countries that are trying to scrape more revenue by raking in taxes from citizens with undeclared offshore assets.

Offshore Discretionary Trusts: SC Clarifies Taxation Rules

Discretion is given to the trustees

Pfizer, other companies accused of dodging taxes

Top American companies including pharmaceutical giant Pfizer Inc. are saving at least $550 billion in taxes by holding profits in overseas tax havens

Credit Suisse CEO faces more calls to quit in U.S. tax dispute

In my opinion, the CEO as well as the chairman of the board must go in order to save the bank

The Spanish ETVE – New Zealand Trust Structure for investment in Latin America

Spain’s onshore reputation and global network double taxation treaties provide Spain with an excellent platform from which to offer international onshore structures.

UK Government to make offshore tax evasion a criminal offence

This change will mean HMRC “only has to demonstrate the income was taxable and undeclared meaning it will be easier to secure successful prosecutions of offshore tax evaders

Isle of Man : Private funds for high net worth individuals and family offices

Exempt schemes are private arrangements, which cannot be marketed to the general public and are restricted to having no more than 49 investors.

SMP Partners - Automatic Exchange of Information

The legislation, regulations and guidance for both the US and UK regimes is complex and many areas of practical implementation are not yet totally clear.

Hong Kong's tax system needs complete review, institute says

Hong Kong lacks adequate tax laws to handle measures to combat tax evasion implemented by G20 governments,

Gibraltar Signs Tax Agreement With US

The Minister with responsibility for Financial Services, Albert Isola, signed an Intergovernmental Agreement between the US Government and the Government of Gibraltar at a signing ceremony in the US Embassy in London on Thursday.

Charges over Cayman Islands tax haven dropped

The charges, which carried jail terms of up to 25 years, were withdrawn by the Commonwealth Director in Sydney Local Court on Tuesday morning.

Japan: New Reporting System For Offshore Assets

The 2012 tax reform, which was approved by the Diet in March 2012, introduced a reporting requirement for offshore assets.

Swiss bank pays $4.4mn to avoid US tax rap

The agreement is part of a US push to find tax dodgers and punish the banks that help them.

'Central Asia and Africa may take place of Switzerland and Singapore as offshore banking havens'

They have signed up 47 countries today. there are more to come

Switzerland pledges to lift veil on tax secrecy

The move is a big step forward for governments that have mounted a concerted attack on evasion in the wake of the global financial crisis and a series of tax scandals.

Irish tax haven activities rise in aftermath of 2013 Apple revelations

Switzerland has a low corporate tax rate to attract foreign firms and it been forced by the European Union to consider revising its corporate tax code

Swiss Banks Follow The Money To Panama

Swiss banks have also been casting their net in the Latin American state.

Russia Knows Europe Sanctions Ineffective With Tax Havens

Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe.

U.S. Firms With Irish Addresses Get Tax Breaks Derided as ‘Blarney’

They’re all chief executive officers who have given back to their communities. They oversee thousands of American workers. And they run companies that have opted out of the U.S. tax system.

Black money: India steps up pressure on Switzerland to share HSBC bank info

India has strongly objected to Switzerland’s denial of information about account details of certain Indians at HSBC’s Swiss bank branches, in whose cases “incriminating evidence of tax evasion” have been found here.