01/01/2018
Global Tax Transparency Impacts the Way Family Offices Approach Jurisdictions
Beyond tax efficiency, assessing the types of holding structures available, services and products that are unique to HNW-families, such as specialized insurance and regulatory regimes all play a part when choosing an offshore jurisdiction.
01/01/2018
What Happens When a Spouse Hides Money During a Divorce?
Some well-to-do spouses still engage in complex and expensive schemes in the attempt to keep assets for themselves and out of the pool of community property.
12/29/2017
BDO plugs insourcing of financial services
Audit and chartered accounting firm BDO (Trinidad and Tobago) disclosed last week that affiliates in the British Virgin Islands (BVI) and Cayman Islands have been outsourcing to this country
12/29/2017
The U.S. is becoming one of the world’s best places to hide money
Shuttering foreign tax shelters only to steal their business is a bad move.
12/29/2017
'Orwellian' Offshore Tax Will Hit Some Firms Harder Than Others
Law and advertising firms with overseas offices may also be hit -- as will many U.S. companies that make “excess” profit from foreign plants, equipment and inventory.
12/29/2017
Swiss Banks To Begin Collecting Foreign Taxpayer Data
An expanded list of the territories that Switzerland intends to automatically exchange information with from 2019 has been newly published on the State Secretariat for International Finance's website
12/29/2017
More than $500 million recovered by tax authorities worldwide following the Panama Papers
This number could keep growing with several countries still conducting audits on the basis of the Panama Papers information.
12/29/2017
Why U.S. companies' offshore cash won't rush back home
One widely publicized reason: It sure didn't in 2004, the last time this maneuver was tried.
12/29/2017
Bloomberg: ‘Shut Down Havens, Steal Business’
“From a certain perspective, all this might look pretty smart: Shut down foreign tax havens and then steal their business. ”
12/27/2017
BEPS Now covering 72 jurisdictions and over 1,100 treaties
The multilateral convention modifies the application of thousands of bilateral tax treaties concluded to eliminate double taxation.
12/26/2017
Tax cheats, welcome to America!
The US is already a tax dodger’s paradise and Donald Trump’s new reforms will make it even more so. Germans are justifiably upset.
12/26/2017
European Commissioner for Economic and Financial Affairs warns UK against setting itself up as offshore tax haven
EU economic affairs commissioner says UK will never be granted free trade agreement if it seeks offshore tax haven status
12/26/2017
Switzerland Consults On Adoption Of BEPS Tax Treaty Changes
The MLI was developed by the OECD under Action 15 of the BEPS project. Countries who have decided to adopt it will transpose BEPS recommendations into their tax treaties.
12/22/2017
Paul Bonello, of Finco Group, told MaltaToday that Malta’s perceived reputation abroad had been steadily deteriorating in the last years
12/22/2017
The MLI will come into effect once two further jurisdictions (five in total) have ratified the MLI.
12/22/2017
Earlier, India had signed a Joint Declaration with Switzerland for the implementation of an automatic exchange of information
12/22/2017
The implementation of the CRS requires both domestic legislation to ensure that financial institutions correctly identify and report accounts held by non-residents, and an international legal framework for the automatic exchange of CRS information.
12/22/2017
Jurisdictions implement final regulations for first filings of CbC Reports, with over 1400 bilateral relationships now in place for the automatic exchange of CbC information
12/22/2017
Brazilian lenders, benefiting from a deep familiarity with Latin America, are sensing an opportunity as they compete with less-entrenched rivals
12/20/2017
The legislative framework for implementation of The Common Reporting Standard was initially put in place by The Bahamas in 2016