Managers of Wealth Offshore

Apple wins landmark court battle with EU over €14.3bn of tax payments

Judges annul ruling by European Commission in blow to competition commissioner Margrethe Vestager

Tax On Corporate Transactions: Ireland

The main taxes, reliefs and structures used in share and asset sales, dividends, mergers, joint ventures, reorganisations, share buybacks, private equity deals and restructuring and insolvency.

‘The world is getting smaller’: Global tax chiefs to focus on dodgy practitioners

Crafty tax agents and lawyers enabling offshore tax evasion and avoidance through dubious schemes have now been put on notice by a global group of tax chiefs.

New corporate tax statistics provide fresh insights into the activities of multinational enterprises

The new OECD analysis also shows that corporate income tax remains a significant source of tax revenues for governments across the globe, accounting for 14.6% of total tax revenues on average across the 93 jurisdictions in 2017

Ireland ESG Series - Part 3: Taxonomy Regulation

This regulation applies to measures adopted by the European Union or its member states that set out requirements for financial market participants or issuers in respect of financial products

OECD forum’s head of secretariat welcomes tax battle progress

The international body highlights the success of automatic exchange in fight against tax evasion

India’s equalisation levy: Why the low-threshold digital services tax poses challenges for multinationals

Pillar One addresses taxing-rights allocation, profit allocation and nexus rules. In particular, it examines how to tax large multinationals that generate profits where they don’t have a traditional tax presence.

Is catching tax evaders the answer to settling covid-19 debt?

Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’

INSIGHT: No Capital Gains Tax Exemption under India–Mauritius Tax Treaty

Shailendra Sharma discusses an interesting case whereby an indirect share transfer triggered a sale by a Mauritius entity, with assets located in India, and the capital gains tax exemption under the India–Mauritius tax treaty could not be applied.

From Mauritius to South Africa; Here are the Top 10 Safe Havens for Businesses in Africa and What They Offer

Tax havens also have favourable regulations and general ecosystem that makes starting a business easy and profitable.

International community continues making progress against offshore tax evasion

The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis

Scotland Office minister Iain Stewart’s office bankrolled by firms linked to tax havens

Iain Stewart’s constituency office received more than £50,000 from subsidiaries of companies registered in Belize, Curacao and the British Virgin Islands,

Millionaires in Latin America Weigh Moving to Sidestep Tax Grab

Uruguay cuts tax residency requirements to attract investors

International community continues making progress against offshore tax evasion

Did the EU’s attempt to name and shame tax havens into behaving better work?

But counting the number of boxes that the EU ticked to remove jurisdictions from its list doesn’t give us the full picture of the listing process’s impact.

Significant progress made in fighting tax evasion and illicit financial flows in Africa - OECD

The ongoing COVID-19 crisis will completely end any tolerance towards all forms of tax evasion,” said Maria José Garde, Chair of the Global Forum

Tax Haven Companies Own Billions Worth of Scottish Property

Ava Lee, from Global Witness – an organization that investigates corruption and financial secrecy – weighed in on these findings, suggesting that the anonymity of Scottish property has perpetuated illicit financial flows.

Revealed: Scottish property worth billions owned by tax haven firms

Further Ferret analysis shows that about 60 per cent of foreign owned property was bought by companies based in tax havens, allowing them to avoid paying tax.

What will Switzerland’s coronavirus debt mean for your tax bill?

Boosting businesses to funding freelancers: Here is how Switzerland is tackling its coronavirus-affected economy

Paradise Papers: Cox & Kings used offshore route to cut tax in Germany, UK

On June 8, the Enforcement Directorate (ED) searched the office of Cox & Kings, the residences of its promoter Ajay Ajit Peter Kerkar and other senior executives