Managers of Wealth Offshore

Cayman Finance Submission OECD Consultation: Pillar One and Pillar Two Blueprints

The Cayman Islands is a fully cooperating member of the Inclusive Framework.

UK Inheritance Tax Reform: rates, reliefs and responsibility

The OTS’s report has flagged that the effective rate for very large estates (i.e. estates over £7m) is, in fact, in the region of 10% once all relevant reliefs and exemptions are properly applied.

UK Inheritance Tax Reform: lessons from Europe

As for the connecting factors based on where to charge IHT, most European countries use either the situs of the assets or the residence of the donor (and more rarely the residence of the donee) as the connecting factor to charge succession or donation tax

Cayman Finance Submission OECD Consultation: Pillar One And Pillar Two Blueprint

The Cayman Islands exercises a legitimate economic policy choice to apply a zero rate of tax on all corporations and meets its revenue needs through customs duties and fees.

Searching for truth in a tax haven election

Working mostly alone and for free, this student would try to hold back a wave of misinformation washing over the British island.

Economic substance in the Cayman Islands

The Guidance clarifies that the TIA will regard mutual and private funds registered with or licensed by the Cayman Islands Monetary Authority (CIMA), pursuant to the Mutual Funds Act (2020 Revision) or the Private Funds Act, 2020 respectively, as "in

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.