Managers of Wealth Offshore

June revenue declines amidst tax payment extension

During the same period last yar, the government had collected a total of MVR 1.6 billion in taxes.

UK government offers amnesty to tax evaders named in Pandora Papers

Those who do not fully cooperate or fail to come forward face 200 percent penalties and potential jail time: it’s a heady incentive to come clean.

Bahamas to tax international businesses on foreign earnings

Business representatives in the country have told the local press that this could be the first step towards a full-fledged corporate income tax, though they say that could take a number of years.

Tax adviser to star DJs and models arrested for alleged $100 million tax evasion scam

Federal prosecutors in the U.S. say the scheme helped obscure over $100 million in revenue that would have been subject to U.S. tax in years where Butselaar's clients did extensive work in the United States.

Baker Tilly International named accounting Network of the Year

This award reflects the contribution and commitment by every member

‘Nothing to lose’ on 5% corporate tax

One potential complication for Mr Moss’ proposal is that The Bahamas is one of 140 nations that has already signed on to comply with the G-20/OECD initiative

Inland Revenue must be a ‘well oiled machine’ for corporate tax

Some accountants have suggested these demands are overly burdensome

UK Patent Box

Companies can benefit from an effective 10% corporation tax rate on relevant taxable profits arising from patented technology, medicinal and botanic innovation rights.

Income tax revenue eats away at deficit, as national debt tops €9 billion

NSO figures show 72% deficit drop in May when compared to 2022

'Most Bahamians can't evade their tax liability'

Raising the cap on real property tax affects owners of multi-million-dollar properties – which again, does not include most Bahamians.

Switzerland and France sign an additional agreement supplementing the bilateral double taxation agreement

The additional agreement also updates other provisions in the double taxation agreement between Switzerland and France.

Taxation of Luxembourg Reverse Hybrid Entities: Initial Administrative Circular and Compliance Guideline (Form 205)

Additional administrative guidelines are anticipated, particularly regarding the collective investment vehicle exemption and the hybrid mismatch rules.

Two Saffery Champness professionals recognised by STEP Guernsey

Matthew described Lily as “incredibly driven” and said that she was an excellent role model for the industry’s next generation.

HMRC contact UK residents named in leaked Pandora Papers

The letters, which started going out this month, warn recipients to report all their overseas income or gains that they owe UK tax on, or face penalties of up to 200% of any tax due or prosecution.

Fair Procedures in Irish Tax Appeals

The decision serves as another example of the Irish Courts' reluctance to interfere in the TAC's running of live tax appeals, and as a reminder to taxpayers to prepare and argue their full case before the TAC.

Two Saffery Champness professionals in ePrivateClient’s Next Gen Leaders list

Personable, experienced, highly qualified and adaptable, Matt and Simon each perfectly reflect what leadership should look like

Key tax arrears jump $230m to hit $1.13bn

The data, provided by the Department of Inland Revenue, and based on world tax systems

Brookfield faces allegations of tax avoidance ahead of AGM

Jason Ward, principal analyst at CICTAR in Sydney, questioned whether Brookfield can claim to be a responsible investor.

Opinion: A tax revolution requires caution

The industry has had sufficient obstacles to overcome over the past years

Top 15 Offshore Tax Havens in the World

These havens serve as attractive locations for non-residents who want to minimize or entirely evade tax liabilities without facing any legal complications.