Managers of Wealth Offshore

10 festive questions with… André Trebert from BDO

Through the experience we’ve taken lessons that include transforming our working way of life, allowing more freedom for our people to work flexibly and remotely.

Tax challenges arising from digitalisation

This proposal would result in companies having to pay tax in each Member State (MS) where they have a significant digital presence.

Russia's Mishustin Approves Protocol On Amendments To Double Tax Agreement With Malta

It added that Russia and Malta signed the protocol on amending the Double Tax Agreement in October 2020.

Many tax provisions appear in year-end coronavirus relief bill

The AICPA disputed this interpretation of the CARES Act loan forgiveness rules, arguing that it was not Congress’s intent to disallow the deduction of otherwise deductible expenses.

Finance Dublin- Irish Tax Monitor

In the Irish Tax Monitor in the latest issue of Finance Dublin, William Fogarty shares his insights on the possible consequences that could arise for corporation tax from the 155 page Perrigo judgment issued in the High Court last month and Lynn Cramer lo

Luxembourg Update: Filing Extensions for 2019 and 2020 Tax Returns

On 21 December 2020, the Luxembourg Finance Minister announced an extension to the filing deadlines for 2019 and 2020 Luxembourg tax returns.

Kering Confirms Tax Probe By French Authorities

The preliminary inquiry was opened by France’s Parquet National Financier, the country’s financial public prosecutor’s office.

Important CRS updates for Cayman Islands entities

The Cayman Islands Department for International Tax Cooperation (DITC) is implementing version 2.0 of the OECD CRS XML Schema.

Luxembourg Confirms Gibraltar Exclusion from the Benefit of the EU Parent Subsidiary Directive

A summary of the recent Luxembourg tax authorities decision to exclude Gibraltar companies from the benefits of the EU Parent Subsidiary Directive as of 1 January 2021.

KPMG comments on wealth tax recommendations

The Wealth Tax Commission (WTC), has published its recommendations on whether the UK should have a wealth tax.

Does cross-border tax planning stand up to scrutiny?

Countries have shared details of offshore assets worth €10trn

Cayman compliant with automatic tax information exchange frameworks

Cayman began exchanging the relevant information in 2017.

International community reaches important milestone in fight against tax evasion

The report notes that a second stage of the monitoring process, now underway, will assess the effectiveness of automatic exchange now underway in more than 100 jurisdictions.

Cayman compliant with automatic tax information exchange frameworks

Cayman began exchanging the relevant information in 2017.

Africa losing $25.7b to fraudsters using tax havens

Global Alliance for Tax Justice said tax loss of $25.7 billion every year is equivalent to 52.46 percent of the continent’s combined health spending and equates to 28.67 percent of Africa’s combined education spending.

Open consultation | Non-resident capital gains tax

The Finance Act 2019 expanded the scope for taxing gains made by non-UK residents on UK property

Finding tax-saving, job-creating opportunities in 12J investments

This scheme allows for tax deductions while also contributing to much-needed employment creation and ultimately extra revenue collection for the state.

Reform of global taxation cannot wait

The massive inequalities inherent in the global economic system have been evident for a while but they have been laid bare and intensified over the past year.

Jersey ‘causes $8bn worth of tax losses’

JERSEY has been accused of causing the loss of almost $8 billion of tax revenues in other countries in a new report – but the Island’s finance sector says the study does not ‘give the whole picture’.

Reporting criteria and tax non-residence claims

BVI entities which do not carry on any ES relevant activity do not need to report on (but should still ensure they have considered) any foreign tax status or obligations.