Managers of Wealth Offshore

‘Burden cannot be heavier with corporate income tax’

The options detailed in the Government’s ‘green paper’ would eliminate the Business Licence fee for most, if not all, companies operating in the domestic economy

UK campaign group lists Jersey among 72 tax havens

Jersey, Guernsey, the Isle of Man and Ireland were included on the list, which considers factors such as ‘secrecy’, ‘harmful tax incentives’, and ‘unco-operative jurisdictions’.

Bermuda launches consultation to consider introduction of OECD's Pillar Two Framework

As part of an initial public consultation period, the Government has issued a public consultation paper to get public feedback on its current considerations in response to the OECD Pillar Two initiative, based on all of the advice received to date.

Tax planning for female football players

Clearly, the important thing is to allow the players to focus on what is important

VAT recovery on the disposal of shares

The focus on VAT recovery on deal fees is often on the buy-side, with the acquiring vehicle not always able to reclaim VAT on significant professional and legal fees incurred in making the purchase.

Bermuda corporation tax rate could be between 9% and 15%

The launch of a consultation on a corporate income tax was announced yesterday by Bermuda Premier David Burt.

BVI next? Bermuda explores new tax law for financial services sector

The Bermudan government is looking to implement the law in 2025 after it concludes a series of public consultations within its community.

Bermuda mulls hitting reinsurers with corporation tax

The taxes paid under the proposed Bermuda corporate income tax regime would be those which would be payable to other jurisdictions under the global minimum tax framework.

International tax announcement expected

The organisation has published a statement of near-term desired outcomes, with the text of a multilateral convention needing just a few technical points to be resolved.

KPMG celebrates 40 years in the Isle of Man

The firm has also supported hundreds of Isle of Man students to achieve professional qualifications and pursue their careers locally and further afield.

Changes to IHT rules will impact APR and woodland relief

Agricultural Property Relief (APR) and woodland relief were extended to property located within the EEA in 2009 to ensure compatibility with EU law.

Has the crackdown on global tax dodging failed?

The U.S. loses around $176 billion a year to tax havens,“ said Mark Bou Mansour, TJN’s head of communications.

Cayman Islands exceed annual revenue target in six months

This means the level of revenue anticipated for the full year has already been collected within the first 6 months.

Half of Foreign Assets Held in Tax Havens, New Research Estimates

Foreign banks are obligated to report U.S. owned accounts to the IRS, which also extends to foreign financial income and assets.

Baker Tilly named accounting Network of the Year

This award reflects the contribution and commitment by every member firm to providing both exceptional client service and an environment

E-tax filing deadline now Thursday

The e-tax filing deadline for the second quarter of the year has been extended until Thursday

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.