06/30/2014
Australian Tax Office chases offshore old money
The ATO is targeting families whose predecessors may have shifted money offshore years ago
Tax
06/30/2014
US offshore tax evaders beware: FATCA starts July 1
The US Treasury has spent much of the past several years pressing the issue on some of the world's most powerful and secret banking centers with threats of punitive action if they do not join in.
06/29/2014
ATO raises pressure on offshore tax dodgers
Around 160 individuals have already come forward as part of the amnesty program
06/29/2014
U.S. Prosecutions of Foreign Financial Institutions Create Extreme Risk of Disclosure for Offshore Account Holders by Greenberg Traurig
As shown by recent headlines, the pressure is mounting on individuals who have yet to come into compliance with their reporting obligations concerning undisclosed offshore accounts.
06/27/2014
The Non-Resident Landlords Scheme
The Non-Resident Landlords Scheme is a scheme for dealing with the UK taxation of UK rental income of individuals, companies and trusts that are not resident in the UK.
06/27/2014
Paulson’s Puerto Rico Paradise Lures Rich Fleeing Taxes
Struggling to emerge from an almost decade-long economic slump, the Puerto Rican government signed a law in early 2012 that creates a tax haven for U.S. citizens.
06/26/2014
Bahamas Endorses VAT In 2014/15 Budget
The Government hopes to keep expenditure stable
06/26/2014
Russian lawmakers approve bill allowing compliance with US tax law
The bill now passes from the upper house of parliament to President Vladimir Putin
06/25/2014
Israel to sign tax treaty with Panama
It does not apply to tolls, duties or similar payments upon crossing the Panama Canal
06/25/2014
Cayman Islands: FATCA And IGAs: What It Means For The Cayman Islands Financial Services Industry
FATCA has served as a catalyst for other developments in the area of transparency and exchange of information
06/24/2014
Isle of Jersey Eyes Bitcoin, But Will it be Perverted for Tax Evasion?
Tiny UK island wants to take advantage of increasingly popular cryptocurrency
06/24/2014
An Offshore Tax Haven Plans to Become the World's First Bitcoin Island
While many places around the world want nothing to do with Bitcoin, some locales are trying hard to make the cryptocurrency happen, not just in the murky international waters of cyberspace or the confines of a student-fuelled experiment, but as a real loc
06/24/2014
Andorra's Marti Rules Out Taxes On Wealth And Inheritances
Andorran Prime Minister Antoni Marti has made clear that the Government has no plans to introduce a tax on wealth or inheritances.
06/24/2014
Axa offshore bond change offers entire tax free entitlement
All advice relating solely to the investments of the company’s Isle of Man based Evolution and Estate Planning Bonds, and its Axa Life Europe’s Selection bonds will now be considered as advice to the life company and not the policyholder.
06/23/2014
Russian authorities eye information on offshore accounts
As a result, experts say, the new document will be part of an ambitious program to "de-offshorize" the Russian economy
06/23/2014
India: Amnesty scheme mooted to lure offshore black money
The industry body paper states that the government should not use the revenue for bridging its budget deficit
06/23/2014
Cayman bank records seized
Some coming from a branch of private bank Coutts
06/23/2014
Last Call To Dodge the IRS's Crusade Against 'Offshore' Accounts?
Agents at the IRS have been quietly rubbing their hands together in anticipation of July 1.
06/20/2014
Cayman Issues FATCA Guidance Notes, Awaits Industry Feedback
Cayman Islands and the UK signed their 'Agreement to Improve International Tax Compliance'
06/20/2014
US announces changes to the Offshore Voluntary Disclosures Programs
On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US.