Managers of Wealth Offshore

Belgium to tackle major international tax fraud

In his second action plan against fiscal and social fraud, Van Peteghem outlined 23 measures.

G20 ministers urged to use oligarch crackdown to tackle tax havens

Heavyweight economists demand a global register to stop the wealthiest depriving countries of what they owe

Cayman Finance Breaks Down The Characteristics Of Tax Havens

They have further been advanced by NGOs on a mission to eliminate international financial centres.

More South African taxpayers are moving to this centrally-located island near Europe

Additional recommendations that appear to be aimed at ensuring consistency with the HNWI Unit include provisional taxpayers with business interests now being required to submit their assets (at cost) and liabilities in their tax filings each year.

Update on international corporate tax framework development

These proposals seek to address issues linked to the increasing globalisation and digitalisation of the economy.

Jersey publishes paper on international tax

The paper, OECD Pillars 1&2 - Tax Policy Reflections, highlights current policy thinking on the recommendations made by the OECD.

Accountancy firms join forces

Founders Diane de Garis and Danielle Bennett said that their businesses shared values and that by joining forces they could take their services to clients to the next level.

‘Way could be found to tax businesses more’

The tax review already assumes that changes to these international corporate tax rules would mean an additional £10m. is raised

Tax Treaties and Exempt Income

A person is considered to have substantially complied with the visa requirements if they have not engaged in activities that are prohibited by U.S. immigration laws

Number of wealthy taxpayers admitting unpaid tax on offshore income to HMRC jumps 35% to 4,443 in a year

HMRC has sent out letters in the last 12 months asking taxpayers to sign a declaration asserting they do not owe any tax from offshore sources.

Renegotiations of double tax agreements take time

Our current international reputation does not help.

HMRC names avoidance scheme promoters for first time

HMRC uses new legal powers to name tax avoidance schemes and their promoters, for the first time.

Tax court rules on treatment of dividends paid to Luxembourg investment fund

In this respect, the Italian tax law has been recently amended to provide for a withholding tax exemption for dividends paid to certain EU and European Economic Area (EEA) investment funds as from 1 January 2021.

Jersey to introduce taxation for enveloped property transactions

Late payments incur a surcharge of 10%.

Double taxation relief for Indian IT companies operating in Australia

Both the trade deal and changes to domestic Australian tax laws will come into effect once the Australian Parliament ratifies the deal after the general elections due in May are completed in Australia

Ludlow Trust announces move into tax and advisory services, merges with the Charter Tax and Saffron Tax businesses

Saffron Tax Partners and Charter Tax, both long established and successful businesses

An overview of tax considerations for non-UK residents purchasing UK residential property

The purchase, ownership and sale of UK residential property by non-UK residents can result in complex UK tax considerations, which we explore in this article

New functionality available for FATCA reporting in BVIFARs portal

In a previous notice issued on 21 February 2022, the ITA provided detailed guidance on completing filings in these circumstances.

10 measures to expose sanctioned Russian oligarchs’ hidden assets

The Tax Justice Network has in response published a briefing detailing 10 transparency measures that the task forces can take to cut through financial secrecy

Tax haven firms double the number of Scottish properties they own

Companies based in major overseas tax havens have more than doubled the number of land and property titles they own in Scotland in just four years.