Managers of Wealth Offshore

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

Cyprus – Luxembourg double tax treaty entered into force

This treaty is based on the latest international standards in terms of avoidance of double non-taxation and exchange of information. I

Higher offshore tax evasion penalties explained

Each type of infraction is sub-divided into three categories: non-deliberate, deliberate, and deliberate and concealed.

IOM: 'Double taxation arrangement' renegotiated

It's also designed to comply with the OECD's inclusive framework on Base Erosion and Profit Shifting.

International fight against tax fraud steps up a gear

HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime.

Guy Wildenstein cleared of tax evasion for a second time in Paris

Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities

Isle of Man reiterates zero-tolerance tax evasion stance

There has recently been an increased investment in the Island's financial intelligence and enforcement agencies, while the submission also draws attention to the publication of the Financial Crime Strategy.

OECD launches database with comparable tax revenue for 80 countries

“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.