Managers of Wealth Offshore

Puerto Rico Is Hiring 195 to Crack Down on Tax Evasion

The Puerto Rico Treasury is taking a variety of steps to crack down on tax evasion

Butterfield vows to cooperate with US tax evasion probe

The move came after US taxpayers admitted to 371 previously undisclosed accounts at ZKB and 81 accounts at the Butterfield Bank — a breach of US tax laws.

OECD Secretary-General welcomes Liechtenstein’s moves toward transparency

OECD Secretary-General Angel Gurria welcomed today Liechtenstein’s announcement of plans to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and take further steps to increase transparency and international co-oper

U.S. and France Agree to Cooperate More Intensively Against Tax Evasion

The agreement was signed in Paris by Finance Minister Pierre Moscovici and the United States ambassador, Charles H. Rivkin. It adds an important partner to the Foreign Account Tax Compliance Act

Singapore Nears FATCA Agreement With US

FATCA, enacted by Congress in 2010, is intended to ensure that the US obtains information on accounts held abroad at foreign financial institutions by US persons.

Cayman 4th in secrecy league

The Tax Justice Network is often dismissed by players here but it is a well-known international NGO which focuses on promoting transparency in international finance and opposes all secrecy. Opposing legal tax avoidance as well as illegal evasion

Five banks must divulge info on alleged tax dodgers -U.S. attorneys

The Internal Revenue Service has obtained court orders to force five U.S. banks to divulge information about U.S. account holders who allegedly hid money with banks based in Switzerland and Bermuda to evade taxes

OECD consults on transfer pricing matters

The meeting was attended by delegates from more than 35 countries and by more than 150 representatives of business, academia, civil society and the press.

Tax Justice Network Again Names Switzerland 'Most Secretive'

Switzerland has once again been named the world’s most secretive jurisdiction by the Tax Justice Network, a UK-based campaign group.

Citigroup, BNY Mellon Records Sought by IRS in ZKB Tax Probe (1)

ZKB, the biggest of Switzerland’s publicly owned regional banks, “conspired with U.S. taxpayers to help them conceal their foreign accounts,”

Cyprus to hold talks for removal of tax ‘non cooperation’ tag

The government of Cyprus has said it will hold talks with India's income tax department this month to help remove the tag of a tax-non-cooperating jurisdiction that India had given the tag to the Mediterranean island nation last week.

Malta expected to sign US agreement regarding FATCA

Failure to meet these new reporting obligations would result in a financial institution suffering a 30 per cent withholding tax on certain US source income.

Gibraltar QROPS Denial a Waste of Time and Effort

HMRC is wasting time and effort by continuing to deny Gibraltar as an acceptable Qualifying Recognised Overseas Pension Schemes jurisdiction

IMF Denies It Favors Wealth Tax

The International Monetary Fund issued a statement on November 05, 2013 denying that it favors a wealth tax

Portugal Gazettes Tax Regularization Decree

Jersey Finance welcomes progress in removing Jersey from French uncooperative jurisdictions list

Officials from Jersey met with senior officials from France’s Ministry of Finance last week (Thursday 31 October) and were told that Jersey’s significant efforts to ensure tax information requests are responded to swiftly and effectively are b

UPDATE 1-Britain says to sign tax agreement with Cayman Islands

"We will be signing this afternoon a tax information sharing agreement with the Cayman Islands, the first ever with an overseas territory," Osborne told parliament.

US to curtail offshore tax evasion in the Caribbean

The department said the FATCA is “rapidly becoming the global standard in the effort to curb offshore tax evasion

Watch out you Cayman Island sunbathers, UK’s Osborne is after you

UK chancellor George Osborne will be signing a tax agreement with the Cayman islands for the benefit of collecting tax information.

Argentina and Switzerland Agree to Push Through Tax Evasion Treaty

The deal is the latest step by Argentina--long famed for rampant tax evasion--to reach agreements with tax havens around the world to track down fiscal information on individuals and companies suspected of bilking the treasury.