Managers of Wealth Offshore

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

£50m of public cash ploughed into firm linked to tax haven by bank set up by Nicola Sturgeon

The Scottish National Investment Bank was launched in 2020 by First Minister Nicola Sturgeon.

MTD income tax pilot attracts just over 1,000 volunteers

The data, acquired from HMRC via a freedom of information request, shows that the number of annual sign ups has fallen from 877 in 2018-19 to only 26 in the most recent full year, 2020-21.

‘NOT A RATE HIKE’: Increase in some real property tax result of revaluation, says economic affairs minister

Minister maintains “everyday, working-class Bahamian” not being targeted

Inclusive Framework BEPS Agreement – Policy Perspectives

KPMG response to the Inclusive Framework BEPS announcement made on 20 December 2021.

BAHAMAS: ‘Absolutely Livid’ Over Doubling, Tripling Tax

To cushion the blow of sustaining such “a correction all at once”, Mr Halkitis said the Government is providing a $312.50 tax rebate to all owner-occupied properties

How Can Financial Institutions Achieve Efficient Regulatory Reporting?

When the accountholders provide their information to a financial institution, they expect that the institution will use their information to comply with the law.

Jersey to close tax loophole on property transactions

Guernsey introduced such a measure back in November 2017 in a law which reflects much of the same language as that now proposed in Jersey.

OECD releases latest edition of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

Governments need to ensure that the taxable profits of MNEs are not artificially shifted out of their jurisdiction and that the tax base reported by MNEs in their country reflects the economic activity undertaken therein and taxpayers need clear guidance

Do tax exposés help HMRC?

Journalists were able to find widespread irregularities such as the backdating of documents

Bermuda: Amended economic substance regulations released

The industry notice also indicates that revised economic substance guidance notes reflecting the changes in the Amendment Regulations will be published on the Registrar of Companies website in early January 2022.