Managers of Wealth Offshore

IRS targets tax compliance by non-U.S. owners of U.S. real estate

FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.

Financial transactions: A complex landscape for taxpayers and tax authorities

Mo Malhotra, Ariel Krinshpun and Ockie Olivier evaluate how the OECD guidance on financial transactions will influence an increasingly convoluted transfer pricing environment.

Civil groups seek to quash Kenya’s tax agreements with 10 ‘tax havens’

The pair has sued the National Treasury, the Kenya Revenue Authority and the Office of the Attorney General arguing flaws in the procedures leading up to the DTAs.

Overview of economic substance pre-filing considerations

Backdated surcharges will not be applied to late payment of tax where the 2019 income tax return has been filed by 28 February 2021.

Companies in low-or no-tax jurisdictions must show ‘economic substance’

In countries with low- or no tax, firms must have staff, premises, expenses and activities aligned with the company’s nature.

Not many surprises in parties’ tax policies

The party has forecasted that the policy is to generate $550million of revenue a year.

Double-tax treaty with Russia ‘offers certainty’

The basic changes implemented by the treaty are the imposition on outbound dividend and interest payments of an increased withholding tax

Offshore Millionaires Become Target of Argentina’s Wealth Tax

Tax would apply to wealthy Argentine citizens living abroad

Foreign Pension Income Taxation – A Canadian Tax Lawyer Analysis

When foreign pension income is regarded as taxable income, it should be reported in Canadian dollars on line 11500 of the person's T1 return.

Will Ireland’s long winning streak on tax soon come to an end?

Our tax regime has withstood many attacks, but Brexit and Covid could change the game

Is Italy the Next Tax Haven?

Many nations are tempting HNW individuals through tax relief and golden visas.

Alderney takes control of its tax system

He told the States meeting that in future the two duties and the property tax will be set at a level sufficient to fund the island’s public services.

Cyprus-Russia tax deal good for business

The agreement was signed after a high-level intervention from Russian Foreign Minister Sergei Lavrov’s during his visit to Nicosia.

Anguilla, popular Panama Papers tax haven, slips in transparency ranking, new report says

The island territory failed to comply with standards on how countries share information about people and companies suspected of financial wrongdoing, the OECD found.

KRA loses track of wired offshore wealth

The amount of money remitted through the amnesty was Sh118 billion and the amnesty had no tax consequences.

Swiss-Italian travel agreement settles cross-border tax questions

David Wigersma and Giuseppe Sarno of Deloitte Switzerland explore how the governments of Switzerland and Italy have clarified the tax rules for cross-border workers affected by the coronavirus pandemic.

Belarus unveils new transfer pricing framework

Anastasia Mikhailova and Olga Bahar of KPMG take a closer look at how transfer pricing rules have evolved in Belarus.

Warning on remuneration trust tax avoidance schemes

HMRC has warned that using remuneration trusts to replace income with loans and other forms of credit as a way of paying company directors is a form of tax avoidance

EY Manager recognised on ICAS’ Top 100 Young CAs list

He has also used his knowledge and experience to mentor local students as part of the Student Business Challenge.

Swiss company accused of tax dodging in Zimbabwe

In 2019, it reported $28-billion in global revenue and was recently named by business magazine Forbes as a leading company that helps “the planet and tackle[s] society’s unmet needs”.