Managers of Wealth Offshore

Cayman Islands Included on EU Tax List

The Cayman Islands Government has been actively engaging with the EU and has implemented laws to meet all of the EU's requirements

Facebook faces tax court trial over Ireland offshore deal

Ireland has lower corporate tax rates than the United States, so the move reduced the company’s tax bill.

Cayman Islands to join EU tax blacklist as UK loses sway

Blacklisted jurisdictions could potentially incur a set of countermeasures from EU member states, including increased monitoring and audits, withholding taxes, special documentation requirements and anti-abuse provisions.

Bahamas Removed from EU blacklist

The decision acknowledges that The Bahamas has implemented all the necessary reform to address concerns regarding economic substance, removal of preferential exemptions and automatic exchange of tax information.

Global tax reform could raise as much as $100B, OECD says

The analysis shows that Pillar Two could raise a significant amount of additional tax revenues.

Statute to Blame for Lingering Base-Erosion Tax Rule Concerns

The base erosion and anti-abuse tax, under tax code Section 59A, is meant to discourage U.S. companies from shifting profits offshore through excessive deductible payments

EU Moves to Add Cayman Islands to Tax Haven Blacklist: FT

The EU launched the tax haven blacklist in 2017 as part of a pressure campaign to crack down on tax evasion and avoidance.

Expat tax is kicking in soon - here's what you should know

"The expat tax exemption has always been there, it is now just being capped. This is because the intention was never to have South Africans working abroad not paying any tax at all.

“Google tax” to affect service providers as well as consumer-facing businesses

Levy agreed upon by international body for preventing multinational tax evasion

Renewed push for global corporate tax reform

Participants agreed to pursue the debate about where tax should be paid

IRS steps up war on captive insurance tax dodges

The IRS teams comprise employees from its large business, international and small business and self-employed divisions.

Seychelles invites France to examine tax haven blacklist issue

A new, stronger bill on anti-money laundering and countering the financing of terrorism will be tabled before the National Assembly for approval in February, a top government official said.

Fight for Worldwide Digital Tax in Crucial Phase

In total, Google and Amazon underpaid taxes to the EU in the amount of about €5.5 billion from 2013 to 2015.

EU loses EUR 170 billion to tax havens

Identified as the most prominent tax havens by the European Commission (EC) are Belgium, Cyprus, the Netherlands, Ireland, Luxembourg and Malta, with the Cayman Islands

OECD endorses international tax rewrite efforts, punts on ‘safe harbor’ proposal

The safe harbor proposal came as a surprise and many stakeholders have understood it to mean that the new allocation rules would be optional for companies.

Know your tax liability

Failing to understand the associated cost of these taxes can result in a reduction in the profit made on the assignment

French experts expected in Seychelles to examine tax haven blacklist issue, president says

Faure said that a national committee has been established to look at relevant laws as well as the relationship Seychelles has with the European Union and the OECD -- the Organisation for Economic Co-operation and Development.

Financial Firms In 'Strategic Alliance'

We are sharing office space, and will be looking at doing something a little more detailed, but cannot speak to that now as we are still awaiting regulatory approval for it.

Philippines collects US$126 million in POGO taxes in 2019

There were also 170 notices issued to POGOs found to be withholding taxes worth Php27.35 billion, with the Bureau of Internal Revenue temporarily halting the operations of four POGO service providers for failing to pay.

Private finance schemes cost Scottish taxpayers £40bn, says spending watchdog

The costs of private finance schemes are “significant”, interest rates are higher than public borrowing and companies are selling off projects without being monitored, it adds.