Managers of Wealth Offshore

India, Switzerland agree on liberal terms for tax information exchange

There has been much debate on illegal offshore-accounts held by Indians

Former US Virgin Islands official charged with tax evasion

Both men are scheduled to be arraigned on Feb. 27

France Removes Bermuda from Tax Blacklist

Bermuda’s Minster of Finance, Bob Richards, commented, “We were confident that any entry on France’s list would be very short-lived as Bermuda is globally recognised as complying with the highest international standards on tax transparen

Govt continuing crackdown on wealth stashed by Indians abroad

Cracking down on alleged wealth stashed by Indians abroad, the government has initiated enquiries in several cases while information has been received in 67 such cases and prosecution for wilful tax evasion has been launched in 17 other cases.

Bahamas Gov't Continues To Push VAT Positives

The Bahamas Government has taken to the social media platform Facebook in a bid to win support from taxpayers over the introduction of a value-added tax in the territory.

OECD delivers new global standard on automatic exchange of information between tax authorities

The standard contained in this report and released in preparation for that meeting calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis.

India: Taxmen fail to get information on offshore money

The income tax department has not been able to make any headway in detecting the offshore investments by Indians, including 20 big names from Andhra Pradesh, in the safe havens abroad.

OECD proposes agreement on sharing details of offshore accounts

42 countries have already committed to sharing tax details

DMS Offshore Investment Services Expands FATCA Task Force

Heading off Legislation that Allows IRS Access to Tax Information Related to Offshore Accounts

Turks and Caicos Islands : British MPs accuse Helen Garlick’s former office of wasting and mismanaging taxpayers money

In a strong criticism that is similar to how many residents of Turks and Caicos Islands feel about the Special Investigation and Prosecution Team, the Public Accounts Commitee of Britain’s House of Commons has accused Helen Garlick’s former wo

Jamaica: FATCA Registration Delayed

Local commercial banks and near banks regulated by the Bank of Jamaica, as well as other entities regulated by the Financial Services Commission, which are counted as Foreign Financial Institutions under US law, should now be engaged in registering online

U.S. charges Swiss asset manager in offshore tax fraud case

U.S. prosecutors on Thursday announced they indicted Peter Amrein, a Swiss asset manager, on charges that he assisted U.S. taxpayers in evading millions in taxes by hiding money in offshore trusts at multiple Swiss banks.

Guernsey: The Changing Role Of Family Office Offshore

Lisa Vizia of Saffery Champness in Guernsey examines the changing roles of offshore family offices in Guernsey and what the implications will be.

Bahamas: Treasurer for Merkel's Party to Quit as Tax-Evasion Debate Simmers

The treasurer for Chancellor Angela Merkel's party said he would give up his position in April, after facing criticism for transferring money into a Bahamas-registered trust in 1997 and as a widespread debate on tax evasion continues to simmer here.

FATCA net is tightening - says US lawyer

US lawyer Suzanne Reisman will tell Guernsey trust professionals how the FATCA net is tightening at STEP's evening lecture this month.

IBM Uses Dutch Tax Haven to Boost Profits as Sales Slide

Attracted by the Netherlands’ policies and extensive network of tax treaties, IBM joins companies such as Yahoo! Inc., Google Inc. and Cisco Systems Inc. that have used Dutch subsidiaries to cut taxes.

Fraud Expert Says Vat Is Viable In The Bahamas

Kendrick Christie, president of the Association of Certified Fraud Examiners Bahamas Chapter, asserted that “Value Added Tax is viable in the Bahamas”.

Tax probe into Bermuda-based trio of Microsoft-linked entities

Three Bermuda Microsoft subsidiaries or affiliates are being investigated by another country for their various tax dealings on the island.

Department of Justice Program for Swiss Banks Can Mer Uan Trouble fo.S. Taxpayers with Undisclosed Offshore Accounts

Many participating banks have sent letters to their U.S. customers encouraging them to make voluntary disclosures and/or are closing their accounts

Australian Govt Announces Start Date For Offshore Banking Reforms

Reforms to Australia's Offshore Banking Unit regime will enter into force from July 1, 2015.