Managers of Wealth Offshore

OECD issues updated guidance on the tax treaty implications of the COVID-19 pandemic

The guidance is relevant only to circumstances arising during the COVID-19 pandemic

Jersey Finance rejects ‘tax haven’ label for the Island

Jersey was singled out during the debate and labelled a ‘tax haven’ by Dutch MEP Paul Tang, the author of the resolution.

Guernsey extends 2019 income tax returns deadline

For individual customers, the Revenue Service will launch a new online personal return at this time.

New Paraguay law extends withholding tax to digital services

The law specifies that, as of January 1, resident taxpayers who provide digital services are subject to income tax and VAT.

Nowhere to hide for super-rich tax dodgers

Sars is slowly closing off the loopholes that have allowed high-net-worth individuals to hide the scale of their incomes

EU tax information exchanges fail to reach potential

Gaps in the exchange of tax data in the EU may encourage tax avoidance and evasion, according to a report from the European Court of Auditors (ECA)

European Leaders See Promise on Digital Tax

The Organization for Economic Cooperation and Development (OECD) hosted the international talks over digital taxation.

MEPs vote to add Channel and British Virgin Islands to tax haven blacklist

UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership

Will Tax Havens Fall Prey to Global Momentum on Anti-Abuse Tax Initiatives?

Worldwide economies are struggling with tax revenues down sharply, and governments will turn over rocks to reduce deficits.

New UK register will expose British expats, overseas nationals to major inheritance tax hit

A property bought for £10m in 2010 is now worth £16.7m, which would incur a potential inheritance tax (IHT) liability of £6.7m on death.

Panama Papers tax haul tops $143 million

An Australian Taxation Office spokesman said the organisation had worked with the cross-government Serious Financial Crime Taskforce to analyse and cross-check data obtained by authorities in April 2016.

Luxembourg tax authorities issue a circular on interest deduction limitation

The purpose of the LTA's administrative circular 168bis/1 (the Circular) is to clarify some of the concepts and key aspects of this piece of legislation, through numerical examples.

KPMG announce new Crown Dependencies practice

KPMG in the Channel Islands and KPMG in the Isle of Man announce the merger of their businesses to form a single Crown Dependencies practice.

Carried interest in 2021: New guidance for tax on income associated with services provided to investment partnerships

Treasury made several significant changes in the rules, many of which are to the benefit of taxpayers.

Great Fortunes Tax imposed in Argentina

The new tax is expected to be one-time tax, payable by Argentinian individuals with personal wealth equal or above 200 million pesos

Bermuda to reform ‘unfair’ tax system

The premier questioned why workers with multiple jobs must pay tax, while property owners, who collect income from several properties, do not.

Belgium adopts multiple defensive tax measures towards EU blacklisted jurisdictions

The list includes non-EU countries and territories that do not comply with certain “tax good governance standards” relating to transparency, fair taxation and implementation of the minimum standards agreed at OECD level as part of the Base Ero

Kenya risks losing out on international tax treaties – experts

Last year, the government was also in pursuit of new DTA's with the government of Barbados and the Republic of Singapore.

New vehicle tax to boost funding for environment?

This, he said, could include a vehicle taxation system of £100 a year, which he said could generate as much as £15 million for the government to put into other environmental initiatives.

Cayman Finance Submission OECD Consultation: Pillar One and Pillar Two Blueprints

The Cayman Islands is a fully cooperating member of the Inclusive Framework.