Managers of Wealth Offshore

Closing Tax Havens Is the True Test of the West's Resolve

Their complicity has removed the incentives these elites might have had to rein in their countries' authoritarian leaders.

Companies are not problem, says one tax expert

Tax experts are sceptical about the idea that Guernsey should adopt a territorial tax system, and have countered the assertion that zero-10 has failed.

Skipton post pre-tax profits of £25.5m, a rise of 28%

It is a wholly owned subsidiary of Skipton Building Society, the UK’s fourth largest building society with assets of more than £29 billion.

‘Corporate tax reform before any GST moves’

GUERNSEY’S corporate tax system should be reformed before the public is asked to pay more via a goods and services tax, a former Treasury & Resources minister has said.

The Swiss banking clean-up is a mirage

The impact of Swiss ‘success’ in these areas amounts to, TJN estimates, tax losses suffered by other countries of some US$21 billion a year, or enough to fully vaccinate more than a billion people against COVID.

Complex Ownership Structures: Addressing the Risks for Beneficial Ownership Transparency

The report attempts to address some of the comments at the roundtable which questioned whether there is a need to regulate complexity or whether there’s adequate evidence that complexity is actually abused.

Luxembourg: New One-Time Tax Reporting Obligation for Investment Vehicles

It is worth highlighting that these reporting obligations apply even if the investment vehicle never invested, directly or indirectly, in Luxembourg real estate.

HMRC tax refunds of around £2,500 owed to thousands of Brits - are you affected?

Often it feels like money only flows one way with HMRC, but if you spend money for work expenses then you could be due a hefty refund

Jersey introduces new tax for enveloped property transactions

The law will remove one of the significant benefits of a purchaser seeking to acquire the shares in the holding company rather than simply purchasing the freehold of the property – although there can be other tax implications for changing the holdin

Guernsey: Thousands of tax reminders sent out as deadline looms

Thousnds of tax reminders have been sent out as the tax deadline for 2020 returns draws nearer.

An Overview of OECD Pillar 2

Addressing the tax challenges raised by digitalization has been a priority of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) since 2015.

FBR starts taxing offshore firms

Move expected to dent web of domestic, offshore companies set up by wealthiest

Double digit growth reflects strength of Mazars’ integrated business model and strategy

Our double-digit growth confirms the strength and resilience of our unique integrated model.

Jersey: Consultation on changes to partnership taxation and reporting requirements launched

The consultation runs through 31 March 2022 and contains 10 questions aimed at gathering feedback from key stakeholders

"Middle income earners would bear the full brunt of GST"

The Committee has previously suggested that GST should be introduced at a rate of 5% or 8%.

Guernsey population changes spark tax review

That meant the percentage of the population working or economically active was "shrinking and that is forecast to continue".

Malta and IFCs bid for global tax delay to 2025 as Cuba gets FATF boost

Malta has already agreed to the OECD new tax requirement but it is now negotiating "carve-outs and concessions" with the European Union.

Tax changes ahead for thousands

Work is already underway to update systems at the Income Tax

VAT refund to companies with their domicile on foreign territory

The legal basis for VAT refunds can be found in Article 107 paragraph 1 letter b of the Federal Act of 12 June 2009 on Value Added Tax (VAT Act) and in Articles 151 - 156 of the Value Added Tax Ordinance of 27 November 2009 (VAT Ordinance).

BAHAMAS: New Tax Measures To Bridge ‘Gap’ Over Gov’Ts Extra $1.3bn

Mr Wilson, while not providing any details on the new and/or increased taxes under consideration, said the Government’s senior tax officials were also confident that “a significant” sum remains uncollected annually across real property t