Managers of Wealth Offshore

Offshore tax evaders raided

The customers of Euro Pacific are advised to create accounts using front companies in other tax havens, creating a web of arrangements that are difficult to trace.

Pillar Two blueprint on a global minimum tax issued

Payments made to or by individuals are not within scope.

Pillar One blueprint on nexus, profit allocation challenges of digitalization issued

The Pillar One blueprint sets out “building blocks” for potential future international agreement on rules for taxable presence (nexus) in countries and profit allocation between countries to address tax challenges arising from digitalization.

U.S. Brings ‘Largest Ever Tax Charge’ Against Tech Executive

Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S.

Billionaire Robert Smith to Pay $140 Million Over Tax Probe

Smith to cooperate, admit misconduct but won’t be prosecuted

Centre weighs Voda tax row outcome

The row with Vodafone on its offshore deal acquiring Hutchison Essar has implications beyond the legality of retrospective taxes

OECD’s “tax haven lite” blueprint fails pandemic-gripped world

he OECD’s blueprints, which also lack political agreement to proceed, have drawn harsh criticism from leading economists and tax experts.

Updated Cyprus/Russia Double Tax Treaty

The amendments principally affect the minimum withholding tax rate on dividends and interest paid from Russia.

Private Equity - Acquisition Structures

A Jersey company may make a distribution from a wide range of sources, not merely from distributable profits.

UK urged to do more to open up tax havens to public scrutiny

The British Virgin Islands, considered by anti-corruption and anti-money laundering groups as one of the murkiest financial centres in the world, was the last to join, but has finally done so.

Ireland and Luxembourg: The Updated EU Annex I List

This update considers the impact on certain tax reporting and other tax measures in Ireland and Luxembourg.

Switzerland shared bank account data with 66 countries in 2020

This is part of an annual exercise since 2017 when Switzerland decided to implement a global agreement aimed at preventing tax evasion.

Cayman Islands removed from EU list of "non-cooperative" tax jurisdictions

The Cayman Islands' Government has been actively engaging with the EU ever since their surprise decision to place the Cayman Islands on the EU Blacklist earlier this year.

Cayman Islands Removed From EU Tax Haven Blacklist

His organization’s Financial Secrecy Index, which ranks jurisdictions according to their secrecy and scale of offshore financial activities, lists the British overseas territory as the world’s worst tax haven.

David Morse: Tax cut law failed to reel in corporate taxes

They found that in 2019 these companies paid a combined $137 billion in corporate taxes — at an average federal tax rate of only 8.7 percent on pre-tax profit.

Current Tax System Wont Pay for Covid Recovery

A tax plan that includes progressive taxation and the creation of a sovereign wealth fund have the potential to improve lives post-pandemic.

EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed

The EU list of non-cooperative jurisdictions for tax purposes was established in December 2017.

Revealed: How the brothers buying Asda for £6.8bn ring up a minuscule tax bill as their company has links to tax havens

Moshin and Zuber Issa's EG Group has huge debts and a paper trail to tax havens

Tax offences and AML in the British Virgin Islands

Tax crimes are predicates for money laundering in the British Virgin Islands (BVI).

British Virgin Islands commits to public register of beneficial owners

Announcement follows years of tax evasion scandals involving BVI shell companies