11/24/2013
HM Treasury will receive the information on those residents in bulk form and will be able to issue group requests for information in relation to recalcitrant clients of Bermuda financial institutions.
11/22/2013
Luxembourg, Cyprus, the British Virgin Islands, Switzerland and the Seychelles do not meet international standards on tax transparency, potentially putting investments in the countries at risk.
11/21/2013
To understand the approach that will be taken in the Cayman Islands, it is helpful first to have a high level understanding of the FATCA regime.
11/21/2013
QMI currently holds a credit card in good standing, issued from a tiny Caribbean island, to hide money from Canadian tax authorities.
11/20/2013
ActionAid has slammed Barclays for claiming to be a "force of good" despite promoting the use of offshore tax havens to big companies operating in Africa
11/19/2013
The Confederation appears to be caught between a rock and a hard place.
11/18/2013
The UK IGA follows the signing of similar agreements between the UK and Jersey and Guernsey, respectively, on 22 October 2013, and the UK and Isle of Man on 10 October 2013.
11/17/2013
The problem of offshore zones was raised by Russian President Vladimir Putin in June, when he announced on the heels of the G8 summit that Russia would tackle the problem by drawing up a national plan to deal with such tax havens
11/17/2013
The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.
11/14/2013
The tax amnesty program currently being run by the government of the Netherlands has already proven to be a success, with more than 500 taxpayers coming forward to disclose information about undeclared offshore incomes and assets
11/14/2013
India's aggressive clampdown on possible tax evasion through the misuse of double tax avoidance treaties has taken its toll on the Mediterranean island nation.
11/14/2013
The Puerto Rico Treasury is taking a variety of steps to crack down on tax evasion
11/14/2013
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.
11/13/2013
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
11/13/2013
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
11/13/2013
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.
11/13/2013
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
11/12/2013
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
11/12/2013
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.
11/11/2013
Switzerland has once again been named the world’s most secretive jurisdiction by the Tax Justice Network, a UK-based campaign group.