Managers of Wealth Offshore

Sark plans to reform tax system to make it fairer

Sark is looking to radically reform its tax system to make it fairer, and to meet the escalating costs of running the island.

Treasury counters on offshore tax havens

"The rationale … was not simply 'we want havens,' the issues were US sovereignty, compliance burden and foreign [tax] application to US-parented groups already subject to US minimum-tax systems."

Fears QROPS could become subject to UK inheritance tax

Concerns have been raised that pensions caught under the Qualifying Recognised Overseas Pension Schemes could be subject to the UK’s inheritance tax.

Hidden US Estate Tax Risks for Bermuda-Based Individuals and Families

For Bermuda-based individuals and families with even a modest allocation to US equities or real property, this disparity can give rise to material and unintended exposure within a globally managed portfolio.

Innovate Guernsey proposes raising tax cap for newcomers

Guernsey currently has two tax cap mechanisms in place that are aimed at new open market residents

Sloan calls P&R’s tax plan ‘a damp squib’

A deputy who has always been in favour of bringing in a GST has criticised Policy & Resource’s latest tax package for being a damp squib, which won’t cure the island’s long-term funding needs.

European firms gain access to African tax-havens, as EU seals first-ever offshore trade pact

Although trade with the four African island states is relatively modest at a combined €9.7bn in 2024, Mauritius and Seychelles have two of the continent’s largest offshore financial services sectors.

Explained: The ‘PIT’ plan

Owners who continue holding Guernsey property as passive wealth storage would be required to make a substantial financial contribution through a high levy on such properties.

Halkitis defends VAT cut on food, says policy will ease cost pressures not raise prices

According to Halkitis, this stability is not accidental but reflects deliberate economic management aimed at shielding households from the worst of global inflationary shocks.

Mixed reaction to Guernsey major tax reform plans

The proposals, announced on Monday, included reforms to corporate taxes, with the extension of a 10% rate paid by companies expected to raise an estimated £6m, senior politicians said.

Latest Tax Reform proposals published

The Chamber of Commerce also raised concerns over the changes proposed to social security contributions.

Call to raise £60k tax cap – and spend money on innovation

Currently, when wealthy people move to Guernsey and buy a qualifying Open Market house they can opt to cap their tax at £60,000 on of all their international earnings, for four years.

USTR proposal could impose 12.5% export tariff on The Bahamas

The USTR said The Bahamas was among 46 jurisdictions that participated in consultations with the USTR following the launch of the investigation in March.

80% of 2024 income tax take came from paid employment

Deputy Collins said he was pleased with the responses and getting these figures was helpful with States members about to debate the future tax strategy.

Proposed island GST to be set at 3%, says Treasury lead

The States accounts show that despite a £45m surplus in 2025, longer term there is a funding gap of around £50m.

Guernsey Royal Court blesses decision to onshore trusts to pay more tax

A lot has been written about the so-called "great wealth transfer" and with it a likely change in attitude to wealth holding.

Innovate Guernsey proposes innovation fund backed by revised tax contributions

The board is asking whether the current contribution levels remain calibrated appropriately, given that comparable jurisdictions charge materially more.

Taxpayers owed $500m by loss-making SOEs

Focusing on the nine’s collective debt-to-asset and debt-to-equity ratios, the Fiscal Strategy Report said: “In years 2020–2022, the ratios were relatively stable - debt-to-assets at 46–49 percent, and debt-to- equity at 0.85&n

Bernie Sanders slams system letting US firms use Malta as 'tax haven' for profit

Senator says companies are shifting profits offshore

Bermuda Mentioned In NY Times Tax Report

Often, corporations funneled the profits through subsidiaries in places where they had no employees, offices or customers.