Managers of Wealth Offshore

New tax treaties with Singapore and Switzerland contain BEPS-related measures

The two treaties provide for the following withholding tax rates for source-country taxation on various types of income

OECD peer reviews on BEPS Action 13 Country-by-Country reporting initiative show strong progress for global roll-out in June

The first annual peer review focuses mainly on the domestic legal and administrative framework

Switzerland Is An Ideal Destination For Tax Evasion. Here’s Why

As per these agreements, Swiss banks are obligated to reveal information about U.S. and EU account holders with their respective countries.

‘Monstrous’ offshore bond tax regime ripe for review

The way in which the gains on such policies interact with the tax system is complex, and the OTS believes that this area of savings taxation warrants further review.

Taxman criticised for letting Sackler companies ‘dodge millions in corporation tax’

The Standard contacted HMRC to ask if it had allowed an industrial-scale tax dodge.

Africa still leaking billions through tax evasion

They do this with the help of professional tax experts, hired by banks, financial advisory or asset management companies and firms providing professional services. The service goes by many innocuous names, including transfer pricing.

CRACKDOWN: Offshore hell for Gib’s fiscal fraudsters

The free riding foreigners were said to be living in luxurious residences on the Costa del Sol but were registered on The Rock to avoid paying income and capital gains tax.

Breaking Bad to the Paradise Papers: all you need to know about money laundering

The art of hiding money from the taxman is under threat from laws demanding greater transparency

Bitfinex’s tax warning sparks angry responses

Bitfinex is now requiring users to give their tax information so that it can send it to BVI which will exchange it with your country's tax authorities.

OECD releases decisions on 11 preferential regimes of BEPS Inclusive Framework Members

Four regimes were abolished or amended to remove harmful features (Chile, Malaysia, Turkey and Uruguay).

Switzerland: Living and working in Switzerland 2018: A guide for foreign nationals relocating to Switzerland

Exemptions are applicable for intra company transfers of highly specialised employees or for positions in managerial roles.

Plans to extend offshore tax investigations come under fire

Increase in time limits for assessments is alarming, say accountants

Bahamas To 'Harmonise' Ibcs, Domestic Entities

Describing the EU's 'ring fencing' elimination demands as "an attack on IBCs"

Worrying rise in criminal and civil penalties aimed at advisers

Giving “anything but ‘vanilla’ tax planning is becoming dangerous for advisers”, as they face a rise in civil and criminal penalties aimed preventing tax evasion, James Quarmby, private client partner at Stephenson Harwood has warn

Fast uptake of global exchange of information for tax purposes is ‘admirable’

However, concerns about confidentiality and clients not understanding the magnitude of the implementation of global tax transparency remain

Real Madrid superstar Cristiano Ronaldo ‘wants club to pay £26.45m fine to tax office’ amid contract negotiations

Five-time Ballon d'Or-winner has reached a deal with tax authorities — but amount will be relevant to new salary in renewal

Concern about extension of time limits on tax investigations

At the Autumn Budget 2017, the Government announced that the assessment time limit for cases of mistakes or non-deliberate offshore tax non-compliance will be increased

The Sackler files: How the tax haven of Bermuda played key role in £10 billion family fortune

While their opioid painkillers are manufactured in Cambridge, it’s this nondescript office block in the Caribbean that is the nerve centre of the Sacklers’ tax avoidance strategy.

International Tax Issues to watch

To manage their transfer pricing exposure, multinationals should review their existing transfer pricing policy on a global basis.

Caribbean and Bermuda countries: First CRS reports due in 2018 for non-early adopter jurisdictions

To date, over 100 jurisdictions have signed or committed to sign the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA).