08/24/2020
The object of the operation was to hide the money in the Credit Suisse accounts from the Belgian tax authorities – a practice that better international cooperation is making more and more difficult, though still not impossible.
08/21/2020
For Macao residents, double taxation will be avoided by way of exemption of the income taxed in Hong Kong from the Macao tax, or by crediting the Hong Kong tax paid against the Macao tax payable in respect of the same income.
08/19/2020
HMRC receives information automatically under the Common Reporting Standard about financial accounts held by UK residents in more than 100 jurisdictions.
08/18/2020
While Tinkov has been accused of tax fraud in the U.S., he’s been able to save millions legally in a European tax haven.
08/17/2020
The guidance on what does not constitute a disposal aims to provide a relief similar to that introduced by HMRC in the UK a few years ago in light of changes in fee charging structures that came about from the Retail Distribution Review.
08/17/2020
Activists argue current rules favour transparency over privacy
08/17/2020
California’s top rate today, at 13.3%, is already the highest in the nation.
08/17/2020
Failure to do so could result in a criminal investigation that would be costly to the public purse and the individuals involved.
08/14/2020
UK film and television is an international success story, employing over 125,000 full time earners.
08/13/2020
As wealth is being accumulated in a smaller percentage of the population, that might suggest the rich will have an even greater base from which to be taxed.
08/07/2020
And so you see a country like Ireland punching very, very high above its weight simply because of its tax advantages.
08/07/2020
These measures are expected to impact companies and groups of companies with international activities.
08/06/2020
The tax aims to discourage companies from transferring income offshore through excessive deductible payments that minimize tax bills.
08/04/2020
Residents of the Marshall Island and other tax havens hold $5.7 billion worth of deposits in Australia.
08/04/2020
Not surprisingly, the report found that Cayman has no dispute-resolution experience because it has not been involved in any cases.
08/04/2020
Guernsey does not have Capital Gains Tax.
07/30/2020
These jurisdictions are often included in the list of those favoured by ultra-high net worth (UHNW) families to feature in their global asset holding structures alongside fund managers seeking tax efficient jurisdictions in which to site their private equ
07/29/2020
Cayman entities carrying on business activities for and on behalf of a multi-jurisdictional group should seek advice as to whether any of the business activities conducted by them constitute distribution and service centre business and/or headquarters bus
07/27/2020
Given that some countries which the EU currently identifies as tax havens, such as Panama or the Cayman Islands, have built entire industries out of helping firms avoid the taxman, the prospects of convincing them to clean up their act might seem slim.
07/27/2020
In the same week as the EU stimulus package was agreed, the Irish Government has announced a series of measures to support the Irish economy, assist business and promote employment in response to the COVID-19 pandemic.