Managers of Wealth Offshore

'Tax haven' companies may be less risky than investors think

Tax havens are countries with very low tax rates and laws that are conducive to corporate secrecy.

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.

‘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

Revealed: Barclays avoids almost £2bn in tax via Luxembourg scheme

Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years

NO SUPRISES: Government not eyeing any new tax initiatives within the next year says minister

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

Labor promises crackdown on multinational tax avoidance would bring almost $2 billion in revenue

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.

Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system

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

Consultation on EU-wide system for withholding tax on dividends and interest payments

The Commission is therefore looking at ways to make improvements in this area and has launched a consultation on the problems at stake as well as on possible measures and their potential impacts.

Making tax dispute resolution more effective

Andorra, Macau (China) and Tunisia ensure that MAP agreements can always be implemented notwithstanding domestic time limits.

Revealed: UK and British overseas territories top every other offshore tax haven in the world

In total, the combined tax lost to offshore wealth across the UK and these three British overseas territories sits at a huge £64.5bn per year, Post told City A.M. today.

G20 ministers urged to target oligarchs as tax havens

Tax havens are increasing inequality and eroding the wealth of the poorest people in society

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