Managers of Wealth Offshore

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”.

Taxing somewhere, no matter where: what is the GLoBE proposal really about

This policy –– single taxation–– does not only prove to be inconsistent in itself but also risks turning the whole OECD project into the absurd idea of “taxing somewhere, no matter where”, or, similarly, “taxing j

Local accountant gets international recognition

Andrew Dann, Channel Islands Managing Partner for EY, offered Mr Whitsey his congratulations.

GAO Tells Lawmakers Offshore Variable Life Can Be Abused

Further, some taxpayers closely control how their premiums are invested and may direct premium funds toward illiquid assets they currently own in an attempt to convert taxable income to tax-exempt income that is eventually passed on to their beneficiaries

Tax Incentives Raise Hong Kong's Shipping Finance Profile

New tax incentives to attract ship owners and lessors to Hong Kong will both enhance the jurisdiction's status as a key shipping leasing centre for the Asia-Pacific region.

Singapore tilts at financial crime, but problem areas remain

Singapore— whose economy contracted by an alarming 42.9% in the second quarter of 2020

Swiss economist says Covid-19 ‘winners’ should pay more tax

Companies that netted their best-ever earnings during the coronavirus crisis should be subject to extra tax, finds one of Switzerland’s top economists.

Non resident landlords and Jersey income tax

It also provides a certification scheme for NRLs so that rental income can be received without such deduction.

Ireland Government Stimulus Plan – VAT rate reduction

In considering the VAT rate reduction, we envisage the reduction from 23% to 21% can potentially impact Special Purpose Vehicles and Funds from a cash flow perspective.

The Irish Tonnage Tax Regime for Shipping Companies

Ireland is a highly attractive country for locating international shipping operations.

Allocating tax risks in private M&A transactions: non-resident capital gains tax

Taxing non-residents on OITs of foreign companies is not new.

Capital controls, emigration, and the biggest threat to your retirement

Finance Minister Tito Mboweni noted in the emergency budget announced in June, that he expected debt to GDP to exceed 100% by 2024 and reach 114% by 2028.

Austin billionaire Robert Smith faces U.S. probe into potential tax crimes involving Caribbean entities

Smith hasn’t been charged, and prosecutors may conclude he owes no taxes on those assets.

Belgium Launches Tax Evasion, Money Laundering Probe into Credit Suisse

The object of the operation was to hide the money in the Credit Suisse accounts from the Belgian tax authorities – a practice that better international cooperation is making more and more difficult, though still not impossible.

Hong Kong-Macao tax arrangement in force

For Macao residents, double taxation will be avoided by way of exemption of the income taxed in Hong Kong from the Macao tax, or by crediting the Hong Kong tax paid against the Macao tax payable in respect of the same income.

Tax evasion: 25% increase in amount collected in UK deals

HMRC receives information automatically under the Common Reporting Standard about financial accounts held by UK residents in more than 100 jurisdictions.

Tax Rules for the Super-Rich Make the Isle of Man a Haven for Private Jets

While Tinkov has been accused of tax fraud in the U.S., he’s been able to save millions legally in a European tax haven.

Guernsey Revenue Service updates guidance on investment management tax and investor reporting

The guidance on what does not constitute a disposal aims to provide a relief similar to that introduced by HMRC in the UK a few years ago in light of changes in fee charging structures that came about from the Retail Distribution Review.