06/10/2022
Afrigo, a real estate firm with ties to a Chinese construction giant, disguised more than $200 million using fake loans, fictional imports, phantom entities and more with the help of bankers and other enablers, according to a government audit.
06/10/2022
Dan Neidle, who founded TPA to provide “expert and impartial” tax policy advice, said: “This should be a bonanza for HMRC.
06/09/2022
The figures come from financial data that has been shared with HM Revenue and Customs by more than 100 countries since 2017, under international rules known as the Common Reporting Standard.
06/08/2022
In tax, Guernsey’s Marielle Fritsch has risen to Associate Director.
06/08/2022
“We congratulate everyone who has reached a new stage in their careers with Deloitte."
06/07/2022
Guernsey marchers demand Goods and Services Tax is ditched
06/03/2022
This is a question on many people's lips and the answer is simple, to ensure the UAE develops and transforms.
05/30/2022
It looked at the numbers around taxes, rent cost, weather/beaches rating and the quality of bars and restaurants in the tax haven.
05/26/2022
Some doubt the OECD-brokered agreement, which would levy more tax on the world’s largest firms, will ever be implemented
05/25/2022
BDO Guernsey promotes six
"Supporting the career progression of our people is core to BDOs continued business growth and it’s a privilege to work with a talented team who have all made a real difference to our clients during these challenging times."
05/24/2022
The UK itself loses $25 billion a year to offshore tax evasion by wealthy individuals enabled by other countries.
05/23/2022
G7 countries cost the world $115 billion in lost tax – African finance ministers call for a UN tax convention
Three G7 countries ranked among the top 10, with the US in 1st, Japan in 6th and Germany in 7th.7
05/23/2022
Each country is given a score according to how much each country’s financial and legal system allows individuals to hide
05/18/2022
Tax havens are countries with very low tax rates and laws that are conducive to corporate secrecy.
05/17/2022
Guernsey Tax Alert: Are you ready for Economic Substance for partnerships and Revenue Service enquiries into Economic Substance for companies?
Guernsey Partnerships are also now required to file a tax return for the first time, and the relevant timings for both Economic Substance compliance and tax return filings are aligned, as detailed below.
05/10/2022
‘Ghost dom’ tax loophole hampering efforts to stop sanctioned Russian money flowing into UK
One official working on British sanctions policy told The Independent that the UK’s tax system, and specifically “ghost doms” and non-doms, “severely limited” their ability to track and trace individuals’ income streams
05/08/2022
Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years
04/28/2022
Halkitis said officials are contemplating the creation of a “large taxpayer unit” within the Department of Inland Revenue in an effort to improve service to that segment, noting
04/27/2022
Australians have been paying more tax and losing out on funds that should be available for vital services like Medicare, aged care and child care while multinationals have been using tax havens and tax avoidance schemes to avoid paying tax in Australia.
04/27/2022
This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F