Managers of Wealth Offshore

Will the global corporate tax deal really level the playing field?

MT Asks: Global leaders have agreed on a minimum corporate tax rate, but how will it actually affect business leaders?

UK Outlines Beneficial tax treatmen for Asset Holding Companies

Indicative of the potential for greater flexibility in its post-Brexit economic policy, the UK government has affirmed its commitment to implementing a competitive new regime, addressing the domestic tax challenges faced by managers forming intermediate e

Global tax deal approval ‘to take at least a year’, says president

Switzerland will need at least a year to gain domestic approval for new tax measures to conform with a 15% global minimum corporate tax rate, according to Guy Parmelin, who holds the rotating Swiss presidency this year.

El Salvador: Updated edition of guide on treatment of tax havens published for 2022 fiscal year

The new guide includes a total of 95 countries, states, or territories on the low taxation and zero taxation lists, a net increase of four jurisdictions with respect to the previous fiscal year.

Tax Review

The Tax Review is being led by members of the Policy & Resources Committee and the Committee for Employment & Social Security, who form the Tax Review Steering Group.

Coronavirus, tax and the owners of Furnished Holiday Lets

The main difference with FHLs when compared to standard residential lettings is that they are treated as a trade for certain tax purposes.

Isle of Man 'well-placed' to adapt to G20 global tax reforms

It would enforce a corporate tax rate of at least 15% on big firms in the countries where they do business.

Switzerland Hands over Account Information

The FTA sent information on around 3.3 million financial accounts to the partner states and received information on around 2.1 financial accounts from them.

Jersey welcomes greater certainty on OECD new global tax rules

Jersey is one of 136 jurisdictions that joined the consensus on the revised framework.

Of Offshore Holdings And Tax Avoidance

Even the ICIJ hasn’t been able to ascertain whether the assets detailed in the Pandora Papers are declared or not

Exchange of information with 96 countries on around 3.3 million financial accounts

The legal basis for the implementation of the AEOI in Switzerland came into force on 1 January 2017.

Switzerland calls for legal certainty in the implementation of the key parameters in international corporate taxation

This measure benefits countries like Switzerland with a comparatively long legislative process.

Global tax deal inches closer as holdout Ireland agrees to sign up

The G-7 and G-20 nations agreed earlier this summer to join forces to tackle tax evasion and harmonize rules across the globe.

EU must step up its game against harmful tax practices, says Parliament

The governance would also need to be reformed to make decisions binding and the decision-making process more transparent and efficient.

Aspen connections unearthed in offshore money investigations

Part-time resident, Pitkin County properties pop up in probe looking at ways to hide wealth in shell companies

EU takes Anguilla, Dominica and Seychelles off tax blacklist

The countries face reputational damage, greater scrutiny of their financial transactions and may lose access to EU funding.

Dutch minister draws fire on EU and tax-havens

"Hoekstra, who had investments in the British Virgin Islands (BVI), should excuse himself from this decision," Tang added.

From Panama to the Pandora papers: what’s changed in offshore tax

The rich and powerful continue to evade and avoid tax despite progress in recent years

Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax

Former PM and his wife became owners of £6.5m office building by acquiring offshore company partially owned by Bahraini minister

Deputy calls for end to corporate tax "scam"

He lambasted the suggestion of introducing a GST until the corporate tax situation "has been sorted out", something he does not believe the States' senior politicians have the competence to do.