Managers of Wealth Offshore

Jersey Recognised for Tax Cooperation

Jersey has received the highest rating available in an assessment of its practical implementation of the Common Reporting Standard (CRS) in a report published.

Govt must reform inequitable tax regime

Besides VAT evasion, the revenue system is plagued with rampant direct tax evasion. About a third of the individuals who have a taxpayer’s identification number submit their income tax returns.

Higher payroll tax proposed for exempted companies

It proposes a separation of Bermuda’s exempted company employers, singled out for a higher contribution rate in the employer portion of payroll tax

Tax details are "being lost in the public debate"

The committee believes that "many people" will be better off as a result of this package of measures and it is also warning that "if we do nothing, we’re genuinely concerned that (providing essential services) won’t be possible.

Private sector encouraged to propose “workable alternative solutions” to tax review

Chamber believes that the constituent parts of the States’ shortfall have now been adequately bottomed-out in the most recent tax review policy letter

‘Don’t punish many for the few’ on Dorian tax breaks

In doing away with the former “blanket” exemptions structure, they have moved to a “case-by-case” system where the merits of tax break applications will be assessed individually.

Former Vice President reveals opposition to P&R tax plan

Speaking to Express this morning in her first interview since resigning last month, Deputy Soulsby revealed the frustrations which caused her to leave the States' senior committee two years after it was elected.

HMRC chases 5,500 offshore companies for missing property taxes

A further 1,500 companies will be targeted for unpaid capital gains tax on property sales between 2015 and 2019.

PwC Malta formally launches Salesforce practice in Malta

Company invests in technical resources, recruitment of key experienced talent

Social security changes help poorer families and 'middle Guernsey'

Contributions would be paid only on income above the personal allowance.

Tax proposals out today

The proposals will be published at 12:00 with a breakdown of the details and analysis provided by Express.

‘Tax the billionaires’

A quick wealth tax of 10 per cent on all billionaires would, based on the above numbers, raise at least £60 billion.

Tax plan includes 5% GST - but P&R says most families will be better off

The Committee estimates that its proposed changes would boost States' income by £55m a year.

Is corporate tax the answer?

Currently, taxes on corporate income make up 10% - approximately £50m - of Guernsey’s annual tax take, even considering the 0% headline rate applied to some enterprises under the zero-10 regime.

UK tax rises 'could make IoM more attractive'

Dr Allinson says this could make the Island more attractive to businesses and individuals

Grant Thornton moves into new Guernsey offices at St James Place

It actually took 24 due to interruptions caused by supply issues due firstly from Covid and then conflict in Ukraine. Whilst unavoidable, our client and the tenant were extremely understanding.

VAT’s ‘real’ 15% rise since January’s cut

Accounting for the 7.9 percentage change in inflation year-over-year, real VAT receipts grew 4 percent over the quarter and 15.1 percent over the nine months following the policy change.

Potential tax rises on the poorest ‘of profound concern’, says Sturgeon

The Chancellor’s autumn budget is due on Thursday.

OEUK: Raising windfall tax could put oil & gas investments at risk and undermine UK’s energy security

As a result, this has the potential to hinder the UK’s energy security along with its transition plans for a low-carbon future.

Jersey recognised for tax cooperation

The review examined whether jurisdictions have the necessary law, processes and systems in place to ensure that their financial institutions are complying with the standard.