Managers of Wealth Offshore

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.

USA and Monaco agreed on Tax Exchange reports

The agreement was signed by the US IRS’s Douglas O’Donnell and Monaco’s Minister of Finance and Economy, Jean Castellini.

HMRC targets individuals in latest offshore undeclared tax drive, says accountants Mercer & Hole

But this time around it is being more direct suggesting that it has information that could result in criminal offences or prosecution for individuals if they do not act.

Tech Mogul in Biggest U.S. Tax Case Facing Dementia, Lawyers Say

Robert Brockman’s doctor cites ‘defective’ long-term memory

Rishi Sunak's wife owns part of firm that funnelled money through Mauritius

The involvement of Sunak’s wife, Akshata Murty, has emerged from an investigation by the Guardian into a range of financial assets held by Sunak and his close family, many of which have not been declared in the official register of ministers’

Tax Evasion Costs Morocco Over $521 Million Per Year

Morocco suffers the eighth-largest corporate tax losses in Africa.

Taxing The Super-Rich To Help The Poor

Half of the world’s population lives on less than $5.50 per day.

Cayman Islands Update: Additional Updates On Economic Substance

The Advisory includes a link to notes7 published by the DITC, which explain the purpose of the ES Returns and provide a high-level overview of the required data points.

Barbados Government dismisses The State of Tax Justice 2020 report

In relation to Barbados, the report said the country was losing US$138.6 million in taxes, the equivalent of the salaries of 8 404 nurses.

JAMAICA: $4b Tax Cheats - Multinationals Under Microscope For Offshoring Wealth

The report stated that approximately 3,300 new firefighters, or 3,000 public inspectors, or 3,000 community health aids could have been employed in the public service had that money been netted by the Government.

African nations must take a stand against tax abuse and illicit financial flows

This will require a shift from the instrumentalisation of foreign aid for securitisation purposes, a fundamental rethink of globalisation and development, and political leadership.

Inside Kelly Loeffler's offshore tax shelter scheme

Though ICE pushes back against the notion that its clearinghouse allows companies to avoid U.S. taxation, the new disclosure of its use of Ugland House — for years pilloried and parodied as one of the most egregious examples of an offshore tax dodge

FRC announces company reporting expectations for 2020/21

During a recent thematic review the FRC noted the quality of cash flow statements was a concern, numerous basic errors were seen

Andersen Global Adds Additional Collaborating Firm in Barbados

Andersen Global Chairman and Andersen CEO Mark Vorsatz added, “Our collaboration with Dominique and her team enhances our capabilities in Barbados and is the next step in integrating more seamlessly with locations in the Caribbean.