Managers of Wealth Offshore

Norway’s SWF manager speaks out against excessive tax avoidance

They said NBIM welcomed the OECD’s objective of addressing existing incentives for companies to shift profit geographically for tax purposes.

The Offshore Tax Haven is Dead. Long Live the Tax Haven.

The truth is, it is much harder to hide your money and remain anonymous in some forgotten corner of the world.

Tax legislation enacted, including changes affecting Labuan entities

Labuan entities carrying on a Labuan business activity that is a Labuan trading activity generally are taxed at 3% of their net audited accounting profits

Nordic funds shun Cayman after blacklisting

With Cayman Islands on the list we will not invest in the jurisdiction going forward"

UN forms panel to help battle tax evasion, money laundering

The panelists will meet in regional consultations, convene experts and stakeholders from across all sectors and explore new analyses of the issues and solutions.

Foreign nationals and the taxman

Certain tax obligations pertain to foreign nationals on home payment arrangements, whether partially or in full, and to those who come to the Philippines as short-term business travelers.

Ireland's tax rules 'used for aggressive tax planning'

It also says these payments may end up being taxed at "a very low rate or escaping tax altogether".

The World’s Biggest Tax Haven Lurked Behind A Dos Santos Penthouse

As scrutiny of her business empire increased, African billionaire Isabel dos Santos turned to one of the world’s most secretive tax havens to conceal a $1.8 million luxury apartment.

OECD Shares Tech Tools To Boost Tax Compliance, Data Swaps

In light of the ongoing implementation of TRACE by Finland and the interest of other jurisdictions to follow suit

The World’s Biggest Tax Haven Lurked Behind a Dos Santos Penthouse

In its annual “financial secrecy index,” released last week, the Tax Justice Network ranked the U.S. as the world’s second-most secretive jurisdiction, behind only the Cayman Islands.

Cayman Finance Response to Tax Justice Network Financial Secrecy Index 2020

The Cayman Islands would not be highly ranked on any secrecy index that is objective, transparent, and based on standards established by global standard setting bodies.

Walgreens CEO Favors Trio of Tax Havens for $10 Billion Fortune

The disclosures illustrate the lengths many of the world’s richest people go to manage and protect their wealth.

New Guernsey Company Tax Return Form and other compliance updates - Deloitte

For corporate service providers, internal processes and systems will need to be reviewed to ensure that these submissions can be processed in a timely manner, with appropriate record keeping.

Cayman Islands Included on EU Tax List

The Cayman Islands Government has been actively engaging with the EU and has implemented laws to meet all of the EU's requirements

Facebook faces tax court trial over Ireland offshore deal

Ireland has lower corporate tax rates than the United States, so the move reduced the company’s tax bill.

Cayman Islands to join EU tax blacklist as UK loses sway

Blacklisted jurisdictions could potentially incur a set of countermeasures from EU member states, including increased monitoring and audits, withholding taxes, special documentation requirements and anti-abuse provisions.

Bahamas Removed from EU blacklist

The decision acknowledges that The Bahamas has implemented all the necessary reform to address concerns regarding economic substance, removal of preferential exemptions and automatic exchange of tax information.

Global tax reform could raise as much as $100B, OECD says

The analysis shows that Pillar Two could raise a significant amount of additional tax revenues.

Statute to Blame for Lingering Base-Erosion Tax Rule Concerns

The base erosion and anti-abuse tax, under tax code Section 59A, is meant to discourage U.S. companies from shifting profits offshore through excessive deductible payments

EU Moves to Add Cayman Islands to Tax Haven Blacklist: FT

The EU launched the tax haven blacklist in 2017 as part of a pressure campaign to crack down on tax evasion and avoidance.