Managers of Wealth Offshore

Plan to collect tax on offshore assets

Now the tax demands could be generated once this was approved by parliament

1.6 million Canadian banking records shared with IRS

CRA now transferring 600,000 banking records per year under controversial information sharing agreement

Tax Planning: Offshore account holders should come clean with the taxman

Take the British Virgin Islands, which is a tax-free jurisdiction.

10 Footballers Who Had Run-Ins With The Law For Tax Fraud

As a result, the five-time Ballon d'Or winner was handed a two-year suspended prison sentence for his transgressions.

Govt. targets tax evasion

“One of these standards is the Standard for Exchange of Information on Request (“EOIR Standard”).”

Updated UK-Guernsey tax treaty enters into force

In the UK, the agreement takes effect for income tax for any year of assessment beginning on or after April 6, 2019. For corporation tax, it takes effect on April 1, 2019.

Cristiano Ronaldo to attend tax fraud hearing in Madrid to enter guilty plea and pay £17m fine

The Portuguese will return to Spain for one day to resolve his issues with Spanish tax authorities

End of double taxation between Angola and Portugal approved in Lisbon

The Angolan and Portuguese governments are aiming to eliminate double taxation of pensions and incomes of companies and workers

Cayman Islands: International Tax-Co-Operation (Economic Substance) Law, 2018

We do not consider that structures seeking to exploit BEPS are at all prevalent in Cayman

How The Backdoor Roth IRA Contribution Works

Like traditional IRAs, earnings in Roth IRAs grow tax-deferred.

The New Tax Law's Qualified Business Income Deduction

How Tax Payers Will Benefit from the New Tax Legislation

Hawai‘i Could Recover $38M Lost to Corporate Tax Loopholes

For years, some corporations that do business here in Hawai‘i have avoided taxes by booking profits made in America to tax havens—like the Cayman Islands

4 Chinese Tycoons Transfer $17B to Trusts as Taxes Loom

All of the four Hong Kong-listed companies but Sunac cited succession planning as the purpose of the transfers.

Cyprus: Tax treatment of non-returnable capital contributions

The Tax Department also pointed out that the deductible expenses in relation to the financing of the non-returnable capital contributions shall not be allowed.

Economic Substance: The Beginning Of The End Or A New Beginning For Offshore Financial Centres?

This has led to OFCs adopting economic substance legislation which will have a profound effect on OFCs and may dramatically alter the shape of their economies.

Corporate tax revenue remains high despite falling rates

The share of corporate tax revenues is even more significant in developing countries, representing 15.3 percent of all tax revenues in Africa and 15.4 percent in Latin America and the Caribbean.

Google South Africa’s tax mystery

The scheme used by Google, dubbed Double Irish, is a “base erosion and profit shifting” corporate tax tool used by US multinationals to avoid corporate taxation on their international profits.

Four Chinese tycoons just transferred US$17 billion of their wealth to trusts as government toughens up tax regime

Sunac’s founder Sun Hongbin, Longfor’s Chairwoman Wu Yajun, and the magnates of Dali Foods and Zhou Hei Ya all transferred their wealth to trusts

UK tax on offshore intangibles: 'serious' compliance issues

The new income tax charge on offshore receipts in respect of intangible property (ORIROIP) was announced in October's budget and is due to apply from 6 April 2019.

IRS Issues Final Tax Rules for Offshore Corporate Cash

The IRS, which is one of the agencies affected by the shutdown, has a separate budget to work on