04/30/2014
Swiss Offshore Tax Evasion Enabler Pleads Guilty
Josef Dörig, 72, of Switzerland, pleaded guilty today to conspiring to defraud the Internal Revenue Service in connection with his work as the owner of a trust company in Switzerland.
Tax
04/29/2014
OECD clamps down on companies’ tax treaty abuse
The widespread prevalence of "tax treaty shopping" and treaty abuse has led to the introduction of stricter rules by the Organisation for Economic Cooperation and Development on the granting of treaty benefits
04/28/2014
A UK tax update for offshore trustees and professionals - Baker Tilly
It is clear the government still views offshore with suspicion and its agenda to raise tax from overseas interests is not waning as can be seen from the articles below.
04/28/2014
Singaporean DTA With Barbados In Force
The DTA is intended to boost cross-border trade and investment between Singapore and Barbados by providing greater clarity on both parties' taxing rights to ensure that double taxation does not occur.
04/25/2014
Bermuda: Brazil court rules in Vale's favor on foreign taxation
A Brazilian appeals court on Thursday gave mining company Vale SA a partial victory in its 22.3 billion real dispute with Brazil's government over the taxation of its foreign units.
04/23/2014
Irish Revenue nets $1 billion in offshore account probe
Any undeclared interest and income earnings or other capital gains will be subject to penalties and interest
04/23/2014
INDIA: Not naming Liechtenstein bank account holders contempt: Supreme Court to govt
Almost three years later, we find you have not complied with the orders to divulge the details of Liechtenstein bank account holders' names to the petitioner.
04/21/2014
Switzerland: You can dodge, but you can’t hide
As Swiss banks wait for the US authorities’ tax evasion spotlight to fall on them
04/17/2014
Taxman nets €1bn in offshore bank accounts investigation
The significant milestone was reached in recent weeks, the Revenue Commissioners has revealed.
04/17/2014
IRS Issues John Doe Summons For Hidden Accounts
The US Government's recent crackdown on offshore tax evasion shows no sign of slowing down and appears to be expanding to include new jurisdictions.
04/15/2014
UK Plan New Penalties For Offshore Tax Evasion
This change will mean HMRC only has to demonstrate the income
04/15/2014
Sebi lens on companies for stock tweak via Mauritius
The Securities and Exchange Board of India (Sebi) is collating data on these companies and the bank to zero in on the ones who could have used FII sub-accounts to channelize money into India through the Mauritius route to jack up their own stock prices
04/14/2014
George Osborne: 'If you are hiding your money offshore, we are coming to get you'
People who hide their money overseas to avoid paying tax face bigger fines and could be jailed more easily under government plans to fight tax evasion.
04/10/2014
BVI: Tax planning backfired?
The bitter marital split of aviation tycoon Clive Joy has highlighted the issue
04/10/2014
A UK tax update for offshore trustees and professionals - Baker Tilly
George Osborne, in last month’s UK Budget, mainly spoke of positive economic and tax changes in advance of next year’s UK elections. However, his brief reference to offshore was perhaps not so positive: “
04/07/2014
The Next Offshore Tax Target: Cayman Islands
Taxpayers are ineligible to participate in the IRS's limited-amnesty program
04/07/2014
Tax evaders face court action in crime blitz
This is a purely civil procedure, and can be carried out without the tax evader being publicly named.
04/07/2014
Credit Suisse Is Said to Be Facing Double-Barreled Inquiries
The subcommittee questioned bank executives
04/07/2014
Credit Suisse Faces Threat Of New US Probe For Offshore Tax Evasion
Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York state’s top financial regulator requested documents from the Swiss bank.
04/04/2014
Australian Taxation Office cracking down on offshore cash
WATCH out. The Australian Taxation Office is on an offshore treasure hunt, and it’s coming after you. That is, it’s coming after you if you happen to have earned some offshore income, or own foreign assets, which you have failed to report in p