Managers of Wealth Offshore

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.

UK fight against money laundering is fragmented and overwhelmed, MPs told

Too many lines of communication inevitably add to bureaucracy, delay and costs

Major enlargement of the global network for the automatic exchange of offshore account information

The network will allow over 100 committed jurisdictions to exchange CRS information in September 2018 under more than 3200 bilateral relationships that are now in place, an increase of over 500 since April of this year.

Caines addresses OECD digital asset roundtable

Bermuda has captured the attention of global leaders in blockchain technology and the field of fintech

Tax residency and the UHNW nomad

Geographical mobility for the wealthy has in recent years become common place, and brings with it both challenges and opportunities which arise from choices made by the tax nomad on tax residency.

Requirement to Correct tax due on offshore assets by SMP Partners

The RTC applies to people who pay tax in the UK and relates to Income Tax, Capital Gains Tax or Inheritance Tax for any period where HMRC could raise a review as at 6 April 2017.

UK tax treaty anti tax avoidance changes to apply from 2019

Changes to many of the UK's double tax treaties will come into force next year in order to comply with internationally agreed measures to prevent tax avoidance.

Jersey signs double tax agreement with UK

This new Double Taxation Agreement (DTA) replaces an existing agreement from 1952.

Jersey trust company forms joint venture in Cyprus

The agreement reached between the business founders Don Wijsmuller and Demos Demou, will allow Whitmill to add a seventh jurisdiction to their international offering