Managers of Wealth Offshore

Government may consider tax cuts for reinsurers

A hybrid re/insurance model has become a key strategy as Bermudians seek to diversify away from volatility in their underwriting books.

United States: International Tax Concepts: Dual-Status Taxpayers

Dual status, as used here, does not imply citizenship.

Tax Italy, tax evasion under 100 billion

Drones to envy phantom properties

Ireland suspends non-registration penalties for UK trustees until registration is simplified

The initial deadline date to register details of the beneficial ownership of a trust on the CRBOT was 23 October 2021 for trusts that were established on or before 23 April 2021.

Gov’t’s ‘precarious finances’ rule out tax offset to inflation

Mr Edwards pointed to the Government’s “difficulty in giving up taxes at this time” due to its own deficit and debt pressures

Our tax system is in urgent need of an overhaul

Tax rules are stacked in favour of the rich and unless there is meaningful change we could be heading for disaster

Is ATAD III on your radar?

Known as ATAD III, the draft Directive is aimed at EU-resident entities, including SMEs, partnerships, trusts and other legal arrangements which claim benefits under double tax treaties

UK tax authority focuses efforts on offshore corporates owning UK property

HMRC has previously noted that taxpayers are not legally obliged to return the certificate, which could expose them to criminal prosecution if they make an incorrect declaration.

Aviation: Finance & Leasing Guide 2022

Title is invariably transferred by way of bill of sale, and there are no specific formalities under Cayman Islands law.

Luxembourg's double tax treaties network

To mitigate the risks of double taxation for businesses, it has entered into comprehensive double tax treaties with over 80 jurisdictions.

Opposition slams Davis administration for tax raise via increased fees on government services plan

In an accompanying paper, dated March 2022, it was noted that the revenue impact of the initiative could be $90 million in the coming year with an implementation timeline of 12 months.

Offshore Tax Loophole Helps Americans Cheat IRS, Senate Says

The law requires banks around the world to report assets and accounts of US clients to the IRS, but wealthy Americans have figured out a way to sidestep the rule and draw less scrutiny from the banks.

Robert Frederick Smith: Billionaire used biz funds to buy GF an apartment, and luxury mansions

Smith has already admitted to illegally hiding millions of dollars from the Internal Revenue Services in offshore tax havens

The UK's offshore tax havens are quietly luring investors away from the likes of the Cayman Islands and Bermuda this 'crypto winter'

UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors.

Tax