05/28/2014
Foreign Account Tax Compliance Act (FATCA) Enforcement Delayed
This period is being called a “transition period” as it will ease the anxiety that the law has caused to the foreign institutions and take the pressure off
05/28/2014
The Swiss Government is poised to pass HMRC a "hit list" of ten nations where holders of Swiss bank accounts siphon their money to.
05/27/2014
The question remains if any other Swiss bank will suffer the same fate as Wegelin, that was forced to dissolve after being convicted by a criminal court at the beginning of 2013.
05/26/2014
The study was extremely blunt on this issue
05/26/2014
Those negotiation exercises have since been completed leading to the creation of draft agreements waiting to be signed
05/26/2014
Those negotiation exercises have since been completed leading to the creation of draft agreements waiting to be signed
05/26/2014
The event, entitled 'A World of Opportunity', drew an audience of around 300 private client lawyers, accountants and advisor
05/23/2014
Wealthy Americans used to have no shortage of places to hide their assets from tax collectors
05/23/2014
Bahamian financial institutions had been invited to register with the IRS Portal to receive a Global Intermediary Identification Number by May 5, 2014
05/22/2014
The Prime Minister of the Bahamas, Perry Christie, has expressed cautious optimism about the future of the financial services sector's place in what he has called a new regulatory "world order" following the adoption of global tax transpare
05/22/2014
Seeking to promptly sort out tax-related issues with India, Cyprus today said it expects to closely co-operate with the Narendra Modi-led government to resolve the matter, which has created "immense obstacles" for investment activities between t
05/21/2014
Case strained Cayman-Australian tax information exchange relations
05/20/2014
Switzerland isn’t the only tax haven feeling the heat from countries that are trying to scrape more revenue by raking in taxes from citizens with undeclared offshore assets.
05/20/2014
Discretion is given to the trustees
05/20/2014
Top American companies including pharmaceutical giant Pfizer Inc. are saving at least $550 billion in taxes by holding profits in overseas tax havens
05/19/2014
In my opinion, the CEO as well as the chairman of the board must go in order to save the bank
05/19/2014
Spain’s onshore reputation and global network double taxation treaties provide Spain with an excellent platform from which to offer international onshore structures.
05/15/2014
This change will mean HMRC “only has to demonstrate the income was taxable and undeclared meaning it will be easier to secure successful prosecutions of offshore tax evaders
05/15/2014
Exempt schemes are private arrangements, which cannot be marketed to the general public and are restricted to having no more than 49 investors.
05/14/2014
SMP Partners - Automatic Exchange of Information
The legislation, regulations and guidance for both the US and UK regimes is complex and many areas of practical implementation are not yet totally clear.