Managers of Wealth Offshore

Silicon Beach, or just another warm tax haven?

The ‘techxodus’ to southern states must not become a race to the bottom

An American abroad: Beware of the double taxation trap

American citizens are sometimes surprised when they realise that even if they are not living in the United States, they must still file tax returns there. Blue Umbrella tells us what to look out for.

Luxembourg: Circular regarding "prime participative" issued

The circular explains how to calculate non-deductible social contributions. For instance, social contributions related to exempted salary income, such as a prime participative, are not deductible for wage tax calculation purposes.

Jersey: Consultation launched on extension of economic substance regime to partnerships

Although the economic substance rules as they apply to companies are familiar to many, there likely will be nuances to the partnership rules that may require further analysis.

What Are the World’s Best Tax Havens?

Apple began to repatriate that cash after President Trump reduced the tax on this cash from 35% to 15.5%.

Luxembourg tax scandal may prompt EU action

The latest revelations about Luxembourg, spearheaded by the French Le Monde newspaper, comes from publicly-available but difficult-to-access data.

Will Covid-19 kill your Hong Kong Offshore Company?

In their country of tax residence some Hong Kong Oshore Companies owners are declaring the opposite than what they are telling to Hong Kong tax authorities, a Spanish resident would tell the Spanish tax authorities that the eective place of management of

Captives set to attract increased tax scrutiny: Deloitte

Deloitte said prospective captive owners should consider their tax position before launching a captive, and keep the situation under review.

Eurodad reaction to today's OpenLux revelations

The OpenLux investigation shows us two things. Firstly, transparency works, and secondly, that we have a long way to go before the EU can declare itself free of tax havens.

HMRC defends use of powers to recover tax

The government has introduced over 100 reforms to the tax system since 2010 to help HMRC to prevent and tackle evasion and tax avoidance.

A Turning Point for Tax: International co-operation for better regulation of globalisation

The changes catalysed by the Global Forum have been remarkable, ending bank secrecy for tax purposes and levelling the global playing field.

HMRC invests £3m to improve payment processes

HMRC has signed a £3m contract for open banking services, the government’s largest to date, with start-up fintech Ecospend, in a bid to streamline its payment processes and reduce errors

Global tax enforcement chiefs target cryptocurrency

This year, the designated challenge they focused on involves the role of cryptocurrency and the financial technology industry in tax evasion.

Saffery Champness & Nordicity commissioned to report on Scotland's screen sector

The aim of the study is gain a clearer understanding of the value of the screen sector to Scotland's economy, and how this sits in a UK-wide context.

New rates of stamp duty for non-UK residents from 1 April, says accountants Hillier Hopkins

“The new rates do not apply to commercial and retail properties and are likely to remain attractive for overseas investors.”

Japan gets details on 2 million offshore accounts to combat tax evasion

The tax agency said it has already received information as of Jan15 on 2.19 million accounts in the year starting July.

Saffery Champness is recognised as a UK Top Employer 2021

The Top Employers Institute programme certifies organisations based on the participation and results of their HR Best Practices Survey

Saffery Champness Guernsey recognised in Spear’s 500 for 2021

This is the first year that the Spear’s 500 has included a category dedicated to practitioners in the offshore services industry.

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.