Managers of Wealth Offshore

Groundbreaking Swiss Supreme Court Decision On tax Administrativeassistance—The End Of ‘Foreseeablerelevance'?

The judgment may well turn out to be a turning point in tax administrative assistance practice in Switzerland.

Rabobank to Stop Working with Football Clubs over Money Laundering Fears: Report

Rabobank refused to respond to the newspaper's questions about individual clubs.

Barbados: Kenya Ties On The Table

Speaking at a forum entitled ‘Strengthening Trade and Investment Co-operation within the ACP Framework Kenya-Barbados Private Sector and Other Stakeholders’ at the Lloyd Erskine Sandiford Centre, the Prime Minister suggested Kenya presented my

France, Panama to launch bilateral body to fight tax evasion

While France and Panama already implement double taxation agreements, Paris is not satisfied with the information exchange.

When tax planning becomes tax avoidance - experts weigh in

So-called aggressive tax planning means that you look at all legal options available to the taxpayer to reduce their taxable liability, explains Jonty Leon of Tax Consulting SA.

Luxembourg moves to enforce crackdown on tax-avoidance

Certain Luxembourg entities which are liable for corporation tax, including Luxembourg permanent establishments of foreign entities, will be subject to the legislation from 1 January 2020.

Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2 into domestic law

Luxembourg taxpayer must be able to provide the tax authorities with any relevant documentation

New tax data reveals Australians hold $100bn in offshore accounts

More than 1.6m accounts identified in data shared with Australian authorities by 65 countries including tax havens

OECD: VI tax regime “not harmful”

To provide guidance for companies, a draft Economic Substance Code was released earlier this year, and the final version is due out shortly, after input from industry professionals.

Minister's proposal of corporate tax reforms causes strong reaction from Cyprus business community

It will also scrap an annual fee of 350 euros paid by every company, and stamp duties.

Tax authorities present rich Belgians in Monaco with €100 million bill

The charge is not an easy one to prove

Rex Patrick wants Cayman links disclosed

"The ATO has advised that it is unable to use client data to identify the numbers of Australian companies to the level of specificity or accuracy required to answer these questions," Mr Frydenberg told Senator Patrick in a series of written answ

The OECD Forum of Harmful Tax Practices grants 11 offshore jurisdictions ‘not harmful’ status

The overall intent was to create a ‘more even playing field’ between highly-attractive regimes and countries with more modest fiscal advantages.

Italian tax authorities ask for information on UBS clients

The bank is facing two separate investigations in Italy and a court case in France over allegations it enabled cross-border tax cheats to hide assets in Switzerland.

HSBC agrees to 300 million euro settlement of Belgian tax case - prosecutors

The prosecutors also said that the bank had made and committed to a significant overhaul of its practices to counter financial crime risks following the allegations.

More South Africans exploring moving money offshore - tax expert

"Many mentioned that discussions regarding land expropriation without compensation has led them to feel that their investments in South Africa are no longer secure."

Unwinding Tax Consequences- Still just for Trusts...Just

In the latter case, the Court will scrutinise with great care exactly what it is asked to do bearing in mind that it is no part of the Court’s function to facilitate foreign tax avoidance'.

Former users of US offshore disclosure programme now at risk of follow-up examinations

Now the IRS intends to find taxpayers who used OVDP, but have since fallen out of compliance, and will use its audit-based tools in order to bring them back into compliance.

Global Forum on tax transparency reveals new compliance ratings for nine jurisdictions

These reports are part of the second round of Global Forum reviews, which assess jurisdictions against the updated standard

Tax Haven Crackdown Catches Asia Hedge Funds in Its Crosshairs

Funds that use Cayman investment managers will be impacted