Managers of Wealth Offshore

France confirms removal of Jersey from list of non-cooperative jurisdictions

Since August, Jersey has demonstrated to the French authorities that the Island is fully committed to cooperative exchange of information under Tax Information Exchange Agreements (TIEAs), including the Jersey/France agreement.

China 'FATCA' obliges mainland residents to declare offshore assets

China’s new reporting offshore asset reporting requirements affect individuals residing in the country for more than a year, and corporations registered in China.

HMRC looks to extend its reach to Cayman Islands

HM Revenue & Customs has sent out another batch of ‘enabling’ letters to Cayman Island bank accounts holders in the UK to warn them about tax evasion.

Cayman on track for FATCA

CEO of Cayman Finance, Gonzalo Jalles, says Cayman is on track to meet the requirements of the US tax information exchange agreement.

Offshore assets of China's elite revealed in leaked records

Files shed light on more than 20,000 tax haven clients, including relatives of president

Revealed: Countries With The Highest Income Tax Rates

European countries feature high on the list of the nations with the world’s highest income tax rates

United States: Federal Court Rejects Efforts To Diminish Measures Aimed At Reducing Offshore Tax Avoidance

As of January 1, 2013, United States banks were required to report to the IRS interest earned by nonresident aliens who are residents of certain foreign countries.

BVI Signs Tax Information Exchange Agreement with Poland - Harneys

The British Virgin Islands’ (BVI) government entered into its twenty-fifth tax information exchange agreement (TIEA) with the Republic of Poland on 29 November 2013. The BVIPoland TIEA supplements similar treaties entered into by the BVI in 2013 wit

HMRC issues letters to Cayman Islands evaders

UK residents with assets concealed on the island will have until September 2016 to disclose details to the taxman and pay any tax owed to HMRC

Trinidad and Tobago: We’ll benefit from tax treaty with Germany

Finance Minister Larry Howai says the successful re-negotiation of the Double Tax Treaty Agreement between Trinidad and Tobago and Germany is expected to deliver benefits.

Amnesty in the offing for offshore tax dodgers

The Australian Taxation Office confirms it is likely to implement such an initiative.

France clears Bermuda, Jersey on tax fraud cooperation

France has removed Bermuda and Jersey from a list of states that are uncooperative in efforts to combat tax fraud

Liechtenstein, Austria Hail Tax Deal "A Success"

Liechtenstein's Prime Minister and Finance Minister Adrian Hasler has recently held talks in Vienna with Austria's Vice Chancellor and Finance Minister Michael Spindelegger

Meretz petitions Tax Authority on PM's offshore account

Opposition MKs took action in response to reports that Prime Minister Binyamin Netanyahu maintained an offshore account in Jersey, a tax haven, while he was finance minister.

Russia may reach for offshore assets with help of OECD

Russia could see a windfall of up to $6 billion in extra taxes if the government passes a bill to ratify OECD tax convention.

PwC launches Intergovernmental agreement monitor

The expected wave of intergovernmental agreements (IGAs) implementing the tax reporting and withholding procedures commonly associated with the Foreign Account Tax Compliance Act (FATCA) has begun.

US banks’ challenge to tax info exchange fails

Judge: Reciprocity needed to fight offshore tax evasion

US Court upholds offshore tax avoidance rules

The DOJ said on Jan. 13 that the Florida Bankers Association and Texas Bankers Association had challenged the 2012 amendments to the Department of the Treasury’s interest-reporting regulations.

France says 11,000 declare hidden bank accounts

Cazaneuve told lawmakers today that 11,000 people had applied to take advantage of the offer and this represents "potential revenue of more than one billion euros" for the French state.

Revenue clampdown on offshore trusts pays off

HMRC stepped up its attack on banks and other businesses that paid salaries and bonuses through trusts, ratcheting up an extra compliance bill for the 770 companies in the large business sector by 160 per cent to £533m in the year to April 2013.