10/10/2018
Ireland Budget 2019 adds tax on assets shifted offshore
Both measures are anti-abuse rules that aim to tax multinational firms that transfer assets offshore.
Tax
10/08/2018
Tax havens refuse to cooperate with FBR
Pakistan is currently investigating data of three leaks about Pakistani offshore investments and — two leaks related to tax havens — Panama and Bahamas — which did not offer to share automatic information with Pakistan under the new tax
10/07/2018
UBS Accused of Bond Movie Tactics in Paris Tax-Dodging Trial
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
10/05/2018
Just six jurisdictions left on EU tax haven blacklist
Liechtenstein and Peru removed from the greylist
10/05/2018
Liechtenstein, Peru removed from “grey” list of noncooperative jurisdictions
The listing process is part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation, within the EU and globally
10/04/2018
Tax Inspectors Without Borders making significant progress
Audits cover a cross-section of industry sectors including agriculture, construction, financial services, information technology and communications, hospitality, manufacturing and mining.
10/02/2018
55% of FTSE100 currently fail to publicly mention tax evasion
Failure to comply with the new law could result in unlimited financial penalties, ancillary orders such as confiscation orders or serious crime prevention orders, and serious reputational damage.
10/02/2018
U.S. Takes on Russia’s Favorite Money Haven: Cyprus
Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe
10/01/2018
UK introduces new penalties for overseas investors dodging tax
Any individuals who have paid the incorrect amount of tax on overseas income in previous years must have corrected their tax returns by the deadline, or the potential fine will double to 200% of tax owed.
09/30/2018
Singapore, Mauritius fight for relevance after DTAA amendments in 2016
Some may move to Singapore from Mauritius as the former is looking to introduce regulations that could help funds better structure their pooling vehicles
09/28/2018
Can Taxpayers Rely On Guidance From HMRC?
Despite HM Revenue & Customs bragging about winning eight out of 10 cases that go to court, tax inspector decisions based on their manuals are regularly overturned.
09/28/2018
Falcone's Harbinger settles with New York on tax evasion
Offshore Manager's investment activities were led by Philip Falcone.
09/28/2018
How the United Arab Emirates became an oasis for tax evaders
The enterprising and tax-shy can still exploit loopholes in the system
09/28/2018
Swiss Parliament approves corporate tax reform
Under Tax Proposal 17, Switzerland will repeal the existing special corporate tax regimes
09/25/2018
UK non-dom strategies for 'resetting the clock' using alternative residence jurisdictions
Guernsey & the Isle of Man offer UK non-doms alternative tax residency jurisdictions that will ensure they continue to enjoy significant tax benefits while maximising days spent in the UK. Read this Dixcart article to find out more.
09/25/2018
EU tax haven blacklist blocks just 1% of financial secrecy services threatening EU economies
On average, EU member states have put in place treaties that give their tax authorities power to retrieve some information in respect of 82 per cent of the financial secrecy services facing their countries, according to the Tax Justice Network’s res
09/21/2018
Clock ticking on offshore income declarations in UK
HMRC has been issuing large numbers of warning letters both to taxpayers and their advisors
09/21/2018
Gibraltar talks edging toward October deal
Spain mulling tax breaks for financial services crossing the border
09/20/2018
How Puerto Rico Became the Newest Tax Haven for the Super Rich
A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman.
09/19/2018
Brexit: Michel Barnier backs Spain in battle for Gibraltar tax clampdown
While the socialist government does not want to use its veto, agreed during Brexit talks last year, to lay claim to the sovereignty of Gibraltar, it does want to secure concessions.