Managers of Wealth Offshore

Is catching tax evaders the answer to settling covid-19 debt?

Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’

INSIGHT: No Capital Gains Tax Exemption under India–Mauritius Tax Treaty

Shailendra Sharma discusses an interesting case whereby an indirect share transfer triggered a sale by a Mauritius entity, with assets located in India, and the capital gains tax exemption under the India–Mauritius tax treaty could not be applied.

From Mauritius to South Africa; Here are the Top 10 Safe Havens for Businesses in Africa and What They Offer

Tax havens also have favourable regulations and general ecosystem that makes starting a business easy and profitable.

International community continues making progress against offshore tax evasion

The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis

Scotland Office minister Iain Stewart’s office bankrolled by firms linked to tax havens

Iain Stewart’s constituency office received more than £50,000 from subsidiaries of companies registered in Belize, Curacao and the British Virgin Islands,

Millionaires in Latin America Weigh Moving to Sidestep Tax Grab

Uruguay cuts tax residency requirements to attract investors

International community continues making progress against offshore tax evasion

Did the EU’s attempt to name and shame tax havens into behaving better work?

But counting the number of boxes that the EU ticked to remove jurisdictions from its list doesn’t give us the full picture of the listing process’s impact.

Significant progress made in fighting tax evasion and illicit financial flows in Africa - OECD

The ongoing COVID-19 crisis will completely end any tolerance towards all forms of tax evasion,” said Maria José Garde, Chair of the Global Forum

Tax Haven Companies Own Billions Worth of Scottish Property

Ava Lee, from Global Witness – an organization that investigates corruption and financial secrecy – weighed in on these findings, suggesting that the anonymity of Scottish property has perpetuated illicit financial flows.

Revealed: Scottish property worth billions owned by tax haven firms

Further Ferret analysis shows that about 60 per cent of foreign owned property was bought by companies based in tax havens, allowing them to avoid paying tax.

What will Switzerland’s coronavirus debt mean for your tax bill?

Boosting businesses to funding freelancers: Here is how Switzerland is tackling its coronavirus-affected economy

Paradise Papers: Cox & Kings used offshore route to cut tax in Germany, UK

On June 8, the Enforcement Directorate (ED) searched the office of Cox & Kings, the residences of its promoter Ajay Ajit Peter Kerkar and other senior executives

VG launches Jersey Cash Box structuring solution

Jersey has become a jurisdiction of choice for Cash Box transactions amongst our established onshore and offshore legal and tax network as Jersey Companies Law makes redemption of preference shares a quick and simple process

‘Prickly pears’: Tax hikes expected to repay EU aid, finance recovery package loans

Finance Minister Edward Scicluna had a lukewarm reaction to the announcement, warning that this could spell trouble for Malta’s fight against tax harmonisation.

Tax system may move to ‘live’ payments next year

All taxpayers could be paying tax ‘live’ as they earn rather than a year in arrears by next year, the Treasury Minister has revealed as part of a new shake-up of personal taxation rules.

Netherlands Plans Withholding Tax on Dividends to Tax Havens

Measure would apply to dividends paid to countries on blacklist or with tax rate below 9%

U.S. taxpayers' virus relief went to firms that avoided U.S. taxes

Zagg has booked much of its profit through small companies in far-off Ireland and the Cayman Islands, its filings show.

A clampdown on corporate tax avoidance is coming. Companies should embrace it

In the U.K., for instance, the forecasts already predict the national deficit could rise from 55 billion pounds to 337 billion pounds (around $67 billion to $410 billion) by the end of this year.

HMRC Sharply Increased Use of Account Freeze Orders in Latest Tax Year: FT

The total compares to HMRC’s use of 60 account freezing orders, covering £8 million, during the previous tax year.