Managers of Wealth Offshore

The OECD sets its sights on reforming global corporate tax practices

The OECD has publicly stated that they want to reach an agreement that member countries can back unanimously.

OECD proposals will shift taxable profits away from tax havens and back to customer countries by George Bull

The OECD has published new proposals for taxing international consumer-facing businesses.

EU Council Confirms Mauritius as Compliant with EU Tax good Governance Principles

On 10 October 2019, the Economic and Financial Affairs Council of the European Union (EU Council) confirmed that Mauritius complied with the good governance tax principles of the European Union (EU).

Rich Russians Demand New Tax Breaks

Business owners want a European-style tax system.

UK government pays millions to firms that use tax havens

Report from thinktank Demos finds that 24 out of 35 ‘strategic suppliers’ operate in offshore jurisdictions

Maltese offshore wealth estimated at around €5.2 billion

The estimated offshore wealth doubled from €2.3 billion to €5.2 billion between 2011 and 2016

Italy unveils new landmark tax on internet giants

The new tax would be applied to companies with sales of over 750 million euros, of which at least 5.5 million euros come from services provided in Italy, according to Italian media reports.

Jersey: Changes to company tax return form announcedd

In practice, many companies, particularly those that are taxed at the 0% rate and are not impacted by the economic substance requirements, should find the information to be provided broadly in line with that required to be reported in prior years.

HMRC loses inheritance tax case against Jersey trust

HMRC said if the trust was based in the UK and governed by UK law it would be exempt from inheritance tax, but as the trust Ms Coulter chose was Jersey-based it did not qualify for this exemption.

Luxembourg 2020 budget bill: tax rulings issued before 2015 expire

Although the bill needs to go through the usual legislative process and the final law remains to be seen, this particular measure is likely to be adopted.

As a tax neutral jurisdiction, The Bahamas is an ideal place for financial services

This level of importance is indicated by the responsiveness of the legislature and regulators to the needs and demands of the market, as well as the swiftness with which these processes can take place.

Switzerland: Swiss-US double tax treaty protocol enters into force

Brandi Caruso and Robin King of Deloitte summarise the notable changes introduced under the recently ratified 2009 protocol to the Swiss-US double tax treaty.

Barcelona and Real Madrid risk future with Spain tax issues

Bumper contracts worth a lot of money are offered and the players come to Spain to enjoy the time of their lives in every sense.

EU has 'whitewashed' Switzerland, one of the 'world's most harmful tax havens' - Oxfam

The Marshall Islands has also been removed from the blacklist, which still includes nine extra-EU jurisdictions - mostly Pacific islands with few financial relations with the EU.

Did Wadhawans siphon off PMC loans via firms registered in tax havens?

A complaint sent to the PMO and ED on Wednesday alleges that HDIL's father-son duo routed money via dubious firms abroad

Kenya tax amnesty hits Mauritius-based banks

Banks in Mauritius have reported significant cash outflows from the policy, revealing that the island nation was one of the top offshore investment destinations for wealthy Kenyans.

Tax campaigners: OECD tax reform to increase inequality

The tight timeline is a concern for the Tax Justice Network, which argues the OECD should make the country-by-country data of multinationals public before “key elements of the reform proposals have been pushed through”.

OECD leading multilateral efforts to address tax challenges from digitalisation of the economy

The new OECD proposal brings together common elements of three competing proposals from member countries

ED can withhold names of tax evaders in Panama Papers: Central Information Commission

The Enforcement Directorate also reiterated exemption given to it under the law and argued that the matter is sub-judice hence details cannot be shared at this stage.

Why the fight for tax justice is a global struggle

After declining for several decades, social inequalities have risen again in the majority of industrialised countries following the neoliberal shift of the 1980s.