Managers of Wealth Offshore

Prosecutions top 1,000 as HMRC focuses on tax evasion by individuals

The government launched 1,007 prosecutions against individuals for tax evasion offences last year, as the HMRC clampdown on tax evaders intensified

Wealthy Kenyans jump at government tax amnesty window and wire back more than $10 billion from offshore accounts

Kenya Revenue Authority says Sh1 trillion was repatriated by some 16,000 applicants who took advantage of the amnesty window during which they were not required to declare the source of their wealth.

German authorities raid 11 banks in tax evasion probe

Deutsche Bank said the investigation was directed against private individuals, not against the company, that it is cooperating with prosecutors and wasn't a target of the current raids.

No Safe Havens 2019

HMRC’s strategy for offshore tax compliance.

HMRC toughens position on use of offshore trusts to avoid tax

HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs

Tax office launches probes into offshore tax evasion

Offshore tax evasion has been on the rise in recent years

International Client - A round-up of the tax issues affecting international clients

Our article looks at the economic substance requirements.

Labor's Cayman Islands adventure ignites the base, but business is worried

This time, the shadow treasurer's target was tax havens.

TMF Group named a ‘Major Contender’ in finance and accounting outsourcing

Finance and accounting are key to international expansion, and bookkeeping, reporting and associated areas can vary widely from jurisdiction to jurisdiction.

No tax shelter for Brookfield's Multiplex Group

Financial accounts filed with ASIC for Multiplex Pty Ltd report that the construction group paid income tax totalling $26 million for the year ending December 31, 2018 on a profit before tax of $72 million.

'Grand Theft Europe' — tax fraudsters reportedly stealing millions from governments

The "VAT carousel" rackets enable criminal gangs to steal millions from the state.

Middle class can no longer pay the costs of tax avoidance, says SDP

It is in Finland’s interest that the EU makes a majority decision to combat harmful tax competition and aggressive tax planning.

Shareholders snub UBS leadership over French tax conviction

A French court in February found UBS guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.

IRS office and field audit priority areas

In mail audits, the IRS has a 90% change rate- meaning many taxpayers owe as a result of IRS audit selection process.

Why substance matters by Rachel de Souza

The change applies to certain tax debts paid by employees and customers

Does the tax system favour big businesses over the interests of SMEs?

Most small and medium business owners are responsible and do their level best to follow the rules, but this snapshot reveals a deeply-held perception among SMEs that our tax system is fundamentally unfair and slanted towards the interests of big business.

Tax