Managers of Wealth Offshore

IOM: 'Double taxation arrangement' renegotiated

It's also designed to comply with the OECD's inclusive framework on Base Erosion and Profit Shifting.

International fight against tax fraud steps up a gear

HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime.

Guy Wildenstein cleared of tax evasion for a second time in Paris

Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities

Isle of Man reiterates zero-tolerance tax evasion stance

There has recently been an increased investment in the Island's financial intelligence and enforcement agencies, while the submission also draws attention to the publication of the Financial Crime Strategy.

OECD launches database with comparable tax revenue for 80 countries

“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.

Landmark tax agreement to strengthen tax treaties enters into force with additional countries joining

The new signatures and the imminent entry into force of this landmark agreement underlines governments’ commitment to update the international tax rules and ensure they are fit for purpose in the 21st Century

The Tax Act Actually Promotes Off-Shore Tax Tricks

The Tax Act creates additional incentives to shift income offshore for purposes of tax avoidance, and what is worse, it creates incentives to shift actual jobs.

HMRC Needs To Do More To Stem Tax Avoidance

CIOT also points out that ‘non-compliance’ is the same if tax avoidance or evasion happens on or offshore, which makes punishing expats and offshore taxpayers unfair.

Bill of law transposing ATAD I submitted to Luxembourg Parliament

ATAD I is the answer of the EU to the recommendations formulated under the base erosion profit shifting (BEPS) initiative

Tax reform positive for US captives but mixed bag for offshore

The briefing sugguested that some parent companies are now considering alternative captive strategies because of the changes.

Govt. moves to protect Samoa from “dirty money”

The bill was tabled with a note of urgency from the Head of State.

ING Belgium accused of helping Russian oligarchs avoid tax

Strawman companies are registered in tax haven companies, but consist of nothing more than a postbox address.

New trust fund rules meant to crack down on tax evasion

Tough penalties will force those who don’t file to consider the consequences of staying in the shadows.

Barbados budget includes tax increases, repeal of national social responsibility levy

The budget would increase tax rates for both corporations and individuals

Swiss to exchange first country-by-country tax reports on multinationals

The Swiss government said it expects to send 109 country-by-country reports to 35 countries by the end of this month. The reports relate to the groups’ 2016 tax period.

Offshore funds want relaxed rules, tax sops to trade in Gift City

Offshore funds also want simpler customer identification norms that can protect client confidentiality

Shell facing €7bn bill for ‘anti-competitive’ tax avoidance deal

The deal dates back to 2005, when Shell, previously an Anglo-Dutch concern, merged its two branches to establish a single headquarters in The Hague.

Clamping down on offshore financial centres would not raise tax revenue

As more investment capital is allocated across a diverse range of jurisdictions from investors around the world, the potential for multiple taxation increases.

How the world’s fastest man ended up owing $2.3M in taxes

Under the tax scheme, clients shuttled millions of dollars offshore through a colourful cast of characters, including a Bahamas-based businessman later accused of stealing $20 million, and his former partner, who was shot outside his office.

British overseas territories in talks to keep tax haven secrecy

UK plan to impose public registers of share ownership sparked protests and calls for constitutional separation