Managers of Wealth Offshore

$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climb

The current effort to curb the legal corporate practice of using tax havens to avoid paying taxes began in June 2012

Tax havens are fuelling autocracy

As rising public debts and growing deficits force Western governments to look for new sources of revenue, tax havens are obvious targets.

P&R to proceed with corporate tax discussions

Taxes on corporate income make up 10% - approximately £50m - of Guernsey’s annual tax take

Rotarians hear of the battle in the corporate tax debate

Mr Cobham delivered remarks and fielded questions during the luncheon while on a ZOOM call from the UK.

Improvements to tax assessments promised

Sarah Davies, Head of Service Delivery, said both systems are operating simultaneously while the transfer is ongoing: “We're keeping the system synchronised and one of the regular data uploads just, for whatever reason, didn't happen&r

Big changes in payroll tax outlined in Budget

The island’s tax brackets will get redrawn, with a new category bringing them from four to five.

US sales tax rules: a quick guide for European companies

The US does not have a federal sales tax. Each individual state has its own sales tax rules and regulations.

Tax: Option D and E added to the menu

Option D relies more heavily of savings and a phased approach to revenue raising measures.

BVI added to EU’s tax haven blacklist

The BVI has requested that a supplementary review of its compliance regime be done by the OECD Global Forum

The British Virgin Islands and the EU List of Non-Cooperative Tax Jurisdictions

The BVI has requested a supplementary review to more accurately reflect the current legislative status with a view to having the BVI removed from the list as soon as possible.

Four options for Tax debate

A personal allowance uplift of £400 has been added which Deputy Soulsby said will make the package more progressive, whilst modest tax increases will be levied against those earning more.

Falklands and Gibraltar in Spanish List of tax havens and alleged money laundering

The List was published last Friday by the Official Spanish Gazette, and “will be submitted to review according to international legislation and the different national advances”.

MACC calls in ex-minister over Pandora Papers

The leak made headlines worldwide and was called the Pandora Papers.

EU to add Russia, 3 others to list of tax havens -draft document

The EU takes into account who is on its list of non-cooperative jurisdictions for tax purposes in its foreign policy decisions when considering development cooperation and other economic relations with third countries.

No healthcare cost rise from VAT treatment come April 1

For example that insurer was using VAT paid on medical bills as an input to reduce the amount of VAT they paid to the government.

Two new ideas for Tax debate

The Policy & Resources Committee will have to try and get the States to support one of these plans by a majority next week, when the Tax Review debate resumes on 15 February.

PM: Gov’t aims to collect more than 75 percent of real property tax billed within the next four years.

“The basic fact is that we collect less than 40 percent of the real property tax that is billed annually,” he said.

Stop ‘squeezing blood from stone’ on taxation

Squeezing blood from a stone is what we’re trying to do by having a regressive tax system that focuses its attention on consumption based taxes,” Mr Bowe told this newspaper.

The next Chancellor's first job should be closing tax havens

He would shut down communications and take possession of the offshore property of non residents.

GST? No regrets

That GST now stands at 5% and is levied on all items including food.