Managers of Wealth Offshore

Brits have £570bn in offshore accounts

But not-for-profit claims HMRC has no idea how much is tax evasion

Kenyan firm fined for elaborate tax evasion scheme routed through Mauritius

Afrigo, a real estate firm with ties to a Chinese construction giant, disguised more than $200 million using fake loans, fictional imports, phantom entities and more with the help of bankers and other enablers, according to a government audit.

HMRC says it has no idea how much of £570bn offshore is evasion

Dan Neidle, who founded TPA to provide “expert and impartial” tax policy advice, said: “This should be a bonanza for HMRC.

HMRC says it has no idea how much of £570bn offshore is evasion

The figures come from financial data that has been shared with HM Revenue and Customs by more than 100 countries since 2017, under international rules known as the Common Reporting Standard.

Deloitte promotes across islands

In tax, Guernsey’s Marielle Fritsch has risen to Associate Director.

65 promoted across Deloitte in the islands and Gibraltar

“We congratulate everyone who has reached a new stage in their careers with Deloitte."

Guernsey marchers demand Goods and Services Tax is ditched

Corporate Tax In The UAE

This is a question on many people's lips and the answer is simple, to ensure the UAE develops and transforms.

Top 10 expat tax havens according to data crunched by anti-money laundering expert

It looked at the numbers around taxes, rent cost, weather/beaches rating and the quality of bars and restaurants in the tax haven.

‘Historic’ global tax deal on multinationals delayed until 2024

Some doubt the OECD-brokered agreement, which would levy more tax on the world’s largest firms, will ever be implemented

BDO Guernsey promotes six

"Supporting the career progression of our people is core to BDOs continued business growth and it’s a privilege to work with a talented team who have all made a real difference to our clients during these challenging times."

Britain is officially the biggest tax evasion enabler on the planet

The UK itself loses $25 billion a year to offshore tax evasion by wealthy individuals enabled by other countries.

G7 countries cost the world $115 billion in lost tax – African finance ministers call for a UN tax convention

Three G7 countries ranked among the top 10, with the US in 1st, Japan in 6th and Germany in 7th.7

Germany climbs back into top 10 in global financial secrecy ranking

Each country is given a score according to how much each country’s financial and legal system allows individuals to hide

'Tax haven' companies may be less risky than investors think

Tax havens are countries with very low tax rates and laws that are conducive to corporate secrecy.

Guernsey Tax Alert: Are you ready for Economic Substance for partnerships and Revenue Service enquiries into Economic Substance for companies?

Guernsey Partnerships are also now required to file a tax return for the first time, and the relevant timings for both Economic Substance compliance and tax return filings are aligned, as detailed below.

‘Ghost dom’ tax loophole hampering efforts to stop sanctioned Russian money flowing into UK

One official working on British sanctions policy told The Independent that the UK’s tax system, and specifically “ghost doms” and non-doms, “severely limited” their ability to track and trace individuals’ income streams

Revealed: Barclays avoids almost £2bn in tax via Luxembourg scheme

Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years

NO SUPRISES: Government not eyeing any new tax initiatives within the next year says minister

Halkitis said officials are contemplating the creation of a “large taxpayer unit” within the Department of Inland Revenue in an effort to improve service to that segment, noting

Labor promises crackdown on multinational tax avoidance would bring almost $2 billion in revenue

Australians have been paying more tax and losing out on funds that should be available for vital services like Medicare, aged care and child care while multinationals have been using tax havens and tax avoidance schemes to avoid paying tax in Australia.