Managers of Wealth Offshore

CITA defends tourism taxes and regulations

CITA denied that the licensing regime was “unpleasant or unreasonable”

20 EU states dragging their feet on beneficial owner lists

The crown dependencies, which include Jersey and Guernsey, have a different constitutional relationship with the UK compared to the overseas territories

Panama Papers: Politician to chawl resident, first cases sent to court

Panama Papers: At least 16 Indians face prosecution, cases were filed after foreign jurisdiction sent information on holdings, asset.

Kenya named among world's biggest tax havens where the rich hide wealth to evade taxes

Tax Justice Network cited Nairobi International Financial Centre as Kenya's tax haven

Global Forum publishes tax transparency compliance ratings for seven jurisdictions and welcomes three new members

The Global Forum also welcomed three new countries into its membership – Bosnia and Herzegovina, Cabo Verde and Swaziland.

IRS spent $380m but took ‘limited or no action’ on offshore tax dodges

As the International Consortium of Investigative Journalists and its partners have reported, the offshore financial services sector represents a major contributor to growing global inequality

Swiss Private Bank to Settle U.S. Tax Probe

The move means renewed momentum for a years-long tussle between Swiss banks and American officials which began with a criminal investigation into a first group of banks including UBS, Credit Suisse, Pictet and others.

Offshore tax evasion: offences relating to offshore income

A conviction for any of these offences can lead to a custodial sentence for up to 6 months and, an unlimited fine in England and Wales, or a fine not exceeding £5,000 in Scotland and Northern Ireland.

Worlds biggest corporate tax haven its no paradise island

They began their research by comparing the profits made within a country to the amount of corporate activity.

U.K. Behind on Laws to Target Hidden Offshore Wealth: Tax Agency

Banks, asset managers, and trusts all fall under the financial entities required to report with the CRS

Changes to the taxation of UK real estate held by non-residents

On 6 July 2018, the UK Government published its response to the consultation (the Response), together with draft legislation covering certain aspects of the proposed changes.

DAC 6 to give teeth to BEPS in the EU

DAC 6 to give teeth to BEPS in the EU - New disclosure rules for advisers and clients on cross-border transactions

Tax Loophole From 1960s Could Let Wealthy Tap 21% Corporate Rate

Passive income held offshore may benefit from arcane provision

Big Four, big influence: architects of corporate tax avoidance embedded in EU policy-making to fight the problem

The proposal intends to force corporations to pay tax where they generate profit, rather than shifting profits to tax havens, by requiring them to publish information on every country they operate in.

UK Non-resident CGT - Update Following the Publication of Draft Finance Bill Clauses

The draft legislation contains the core provisions as laid out in the original consultation document, but with some changes following the consultation responses.

IRS Closing Offshore Account Amnesty, Here's How To Cut Huge Penalties

The OVDP involves a formulaic deal where at least the penalties are capped.

How French journalists used the Offshore Leaks database to find local stories

Apple, Google and other big multinational corporations often make the front page when it comes to tax avoidance, but similar practices are also used by smaller players.

Tax compliance can be a taxing process

Established deadlines are noted along with appropriate measures to be implemented if the account holder does not respond in a timely and appropriate manner.

UK withholding tax on interest paid to non-residents

The UK does still have one significant disadvantage namely the 20% withholding tax imposed by UK domestic law on “yearly interest” that arises in the UK is paid to persons whose “usual place of abode” is outside the UK.

The privacy risks of cross border investing

The FIs must then send this information to their local tax authority.