Managers of Wealth Offshore

Billionaire Alexander Abramov's record under review after claims of links to tax haven companies

He ploughed millions into the 215ha seaside property and transformed it into a country estate with a gated luxury resort complete with a 25m swimming pool.

Danes lead renewed European push against so-called 'tax havens' such as Ireland

This potentially sets up a dispute with EU members Luxembourg, the Netherlands and Ireland, which widely use low tax and other sweeteners to host EU headquarters of foreign firms.

The long reach of EU taxation

Irish companies are facing significant new EU-led tax legislation and rules,” said Quinn

Offshore fund investors warned to check tax reporting

With two months to go before the 2018/19 self assessment tax return submission deadline, offshore fund investors need to check their tax reporting, before HMRC does, to avoid penalties

France announces Bahamas added to its tax haven ‘blacklist’

We are in discussions with French authorities

HMRC lacks staff to investigate over 5.7 million offshore tip-offs

HMRC has come under pressure to more actively investigate taxpayers with hidden offshore assets since the 2016 Panama Papers scandal.

Offshore fund investors to check tax reporting, before HMRC does

There are two types of offshore funds for UK tax purposes – ‘reporting’ and ‘non-reporting’. Income that is not distributed from reporting funds still needs to be declared to HMRC each year; this is called Excess Reportable I

12 EU states reject move to expose companies' tax avoidance

Proposal would have forced firms to reveal profits made and taxes paid in each EU country

9 expatriate tax considerations for employers

*Expatriate tax regulations differ country-to-country and this article is not intended to provide specific advice.

Global Forum marks success fighting tax evasion

At the heart of this shift are thousands of bilateral exchange relationships now in place

Gibraltar sets out tax transparency commitment in global forum

Gibraltar has been working with the OECD for more than a decade

Australia: Tax Avoidance Taskforce focuses on private groups

There also will be an assessment of whether there is an effective tax governance framework in place for the private group

EU Mandatory Reporting of “Tax Aggressive” Cross-Border Arrangements – DAC6

Any cross-border arrangements that are seen as “potentially tax aggressive” needs to be reported to the tax authorities.

BEPS Action 13: Latest country implementation update

Updated weekly, this summary report in table format offers a snapshot of implementation of country-by-country reporting and Master file / Local file documentation requirements around the world.

Global Forum on tax transparency reveals compliance ratings for further eight jurisdictions

These jurisdictions have demonstrated progress on the deficiencies identified in the first round of reviews, including improving access to information, developing broader EOI agreement networks, monitoring the handling of increasing incoming EOI requests.

Tax