02/17/2014
Cracking down on alleged wealth stashed by Indians abroad, the government has initiated enquiries in several cases while information has been received in 67 such cases and prosecution for wilful tax evasion has been launched in 17 other cases.
02/13/2014
Bahamas Gov't Continues To Push VAT Positives
The Bahamas Government has taken to the social media platform Facebook in a bid to win support from taxpayers over the introduction of a value-added tax in the territory.
02/13/2014
OECD delivers new global standard on automatic exchange of information between tax authorities
The standard contained in this report and released in preparation for that meeting calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis.
02/13/2014
India: Taxmen fail to get information on offshore money
The income tax department has not been able to make any headway in detecting the offshore investments by Indians, including 20 big names from Andhra Pradesh, in the safe havens abroad.
02/13/2014
OECD proposes agreement on sharing details of offshore accounts
42 countries have already committed to sharing tax details
02/12/2014
DMS Offshore Investment Services Expands FATCA Task Force
Heading off Legislation that Allows IRS Access to Tax Information Related to Offshore Accounts
02/11/2014
In a strong criticism that is similar to how many residents of Turks and Caicos Islands feel about the Special Investigation and Prosecution Team, the Public Accounts Commitee of Britain’s House of Commons has accused Helen Garlick’s former wo
02/10/2014
Local commercial banks and near banks regulated by the Bank of Jamaica, as well as other entities regulated by the Financial Services Commission, which are counted as Foreign Financial Institutions under US law, should now be engaged in registering online
02/07/2014
U.S. charges Swiss asset manager in offshore tax fraud case
U.S. prosecutors on Thursday announced they indicted Peter Amrein, a Swiss asset manager, on charges that he assisted U.S. taxpayers in evading millions in taxes by hiding money in offshore trusts at multiple Swiss banks.
02/06/2014
Guernsey: The Changing Role Of Family Office Offshore
Lisa Vizia of Saffery Champness in Guernsey examines the changing roles of offshore family offices in Guernsey and what the implications will be.
02/06/2014
The treasurer for Chancellor Angela Merkel's party said he would give up his position in April, after facing criticism for transferring money into a Bahamas-registered trust in 1997 and as a widespread debate on tax evasion continues to simmer here.
02/05/2014
US lawyer Suzanne Reisman will tell Guernsey trust professionals how the FATCA net is tightening at STEP's evening lecture this month.
02/04/2014
Attracted by the Netherlands’ policies and extensive network of tax treaties, IBM joins companies such as Yahoo! Inc., Google Inc. and Cisco Systems Inc. that have used Dutch subsidiaries to cut taxes.
02/04/2014
Kendrick Christie, president of the Association of Certified Fraud Examiners Bahamas Chapter, asserted that “Value Added Tax is viable in the Bahamas”.
02/03/2014
Three Bermuda Microsoft subsidiaries or affiliates are being investigated by another country for their various tax dealings on the island.
02/03/2014
Many participating banks have sent letters to their U.S. customers encouraging them to make voluntary disclosures and/or are closing their accounts
02/03/2014
Reforms to Australia's Offshore Banking Unit regime will enter into force from July 1, 2015.
01/31/2014
The Berne tax authority said it was investigating bank accounts, lease contracts, work contracts and commercial registers of a now liquidated Ammann-Group subsidiary company in Jersey, a British Crown dependency.
01/31/2014
Government of India and the government of Fiji on 30 January 2014 signed a Double Taxation Avoidance Agreement for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
01/31/2014
Liechtenstein's Foreign Affairs Office Director, Martin Frick, and China's Consular General in Zurich, Liang Jianquan, have recently signed in Vaduz a Tax Information Exchange Agreement (TIEA) between the two countries.