Managers of Wealth Offshore

UK ranks third in Europe for most unpaid corporate tax with over £21bn owed

The UK ranks third with losses of £21.2 billion a year, followed by Spain (£4.3 billion) and Luxembourg (£2.2 billion).

BVI To Launch New Tax Administration Platform

The IRD said it will be focusing its efforts in the coming weeks on re-registering businesses and registering the details of all individual taxpayers of employable age.

Bermuda perspectives on global tax initiatives

With the pandemic, natural disasters and wars depleting many government coffers, this article explores developments in international taxation most pertinent to the private wealth sector, with a comparative Bermuda perspective.

KPMG delves into the impact of international developments on local tax policy

Both seminars were joined by Derek Scott, Tax Partner and Head of Investigations at KPMG in the UK, who gave an update on the changing nature and conduct of tax investigations and voluntary disclosures in the UK.

KPMG Delves into the Impact of International Developments on Local Tax Policy in the Crown Dependencies and the UK

Special guest speaker Derek Scott set out how the exchange of information between tax authorities was driving tax enforcement in the UK.

UK/Luxembourg tax treaty signed

Tax treaty practice has changed significantly since then and several features of the current treaty now appear outdated.

What is behind HMRC’s unwillingness to estimate the offshore tax gap?

Taxpayers also often make use of various annual allowances or exemptions – such as non-domicile status – not to disclose income

Six economic facts on international corporate taxation

Congress is currently considering some of the essential aspects of Clausing’s proposal.

Brits have £570bn in offshore accounts

But not-for-profit claims HMRC has no idea how much is tax evasion

Kenyan firm fined for elaborate tax evasion scheme routed through Mauritius

Afrigo, a real estate firm with ties to a Chinese construction giant, disguised more than $200 million using fake loans, fictional imports, phantom entities and more with the help of bankers and other enablers, according to a government audit.

HMRC says it has no idea how much of £570bn offshore is evasion

Dan Neidle, who founded TPA to provide “expert and impartial” tax policy advice, said: “This should be a bonanza for HMRC.

HMRC says it has no idea how much of £570bn offshore is evasion

The figures come from financial data that has been shared with HM Revenue and Customs by more than 100 countries since 2017, under international rules known as the Common Reporting Standard.

Deloitte promotes across islands

In tax, Guernsey’s Marielle Fritsch has risen to Associate Director.

65 promoted across Deloitte in the islands and Gibraltar

“We congratulate everyone who has reached a new stage in their careers with Deloitte."

Guernsey marchers demand Goods and Services Tax is ditched

Corporate Tax In The UAE

This is a question on many people's lips and the answer is simple, to ensure the UAE develops and transforms.

Top 10 expat tax havens according to data crunched by anti-money laundering expert

It looked at the numbers around taxes, rent cost, weather/beaches rating and the quality of bars and restaurants in the tax haven.

‘Historic’ global tax deal on multinationals delayed until 2024

Some doubt the OECD-brokered agreement, which would levy more tax on the world’s largest firms, will ever be implemented

BDO Guernsey promotes six

"Supporting the career progression of our people is core to BDOs continued business growth and it’s a privilege to work with a talented team who have all made a real difference to our clients during these challenging times."

Britain is officially the biggest tax evasion enabler on the planet

The UK itself loses $25 billion a year to offshore tax evasion by wealthy individuals enabled by other countries.