04/10/2019
Bahamas Economic Model ‘Upside Down’
The Bahamas’ own nationals in comparison to overseas developers who enjoy access to greater and more numerous tax breaks and other concessions.
Regulation, Risk & Compliance
04/08/2019
Income tax evaders beware; govt to keep tabs on your social media profiles
As a part of the project, data mining and Big Data analytics will be used to catch tax evaders by accessing the information on their Facebook and Instagram accounts to identify mismatches between spending patterns and income declaration.
04/08/2019
New European Investment Fund Policy Offers Welcome Clarity for Jersey’s Funds Industry
The EIF, which is part of the EIB Group, aims to foster innovation and entrepreneurship in Europe by supporting small and medium-sized businesses and helping them to access finance.
04/08/2019
Jacob Rees-Mogg defends islands’ position
THE UK’s Parliament should not try to legislate for the Channel Islands and impose a public register of beneficial ownership on them, Tory MP Jacob Rees-Mogg has said.
04/08/2019
Rights Of Residence Safeguarded For UK Citizens Residing In Luxembourg
In accordance with the Withdrawal Agreement, UK citizens will remain EU citizens until the end of the transition period.
04/08/2019
JFSC proposes fee changes for registry services
The JFSC last increased registry fees in 2017 and, prior to that, charges had not been increased for 13 years.
04/08/2019
Rights Bahamas Granted Hearing at Global Forum
The human rights group explained that the request, filed in conjunction with Washington D.C based Robert F. Kennedy Human Rights Organization, called for an examination of the treatment of migrants in the country.
04/08/2019
It's tax time! These are the top 'Dirty Dozen' IRS scams of the year
The agency reports as of June 2018 nearly 250 people in Ohio lost almost a million dollars total because of IRS impersonation scams.
04/08/2019
Businesses test prototype of govt’s new online work permit system, good reviews
Among those with good reviews was Operations Manager of TICO Wine & Spirit Merchants, Phil Aspinall.
04/05/2019
Exclusive Jurisdiction Clauses – Are They Really Exclusive?
The Court of Appeal was of the opinion that the allegations of fraud and wilful misconduct did indeed fall within the exception
04/05/2019
Central Bank’S Crypto Deposit, Credit Bar Gets Mixed Reviews
While there is price volatility, it is still a quantifiable volatility,” one unnamed respondent argued.
04/05/2019
New European Investment Fund Policy Offers Welcome Clarity for Jersey’s Funds Industry
The EIF, which is part of the EIB Group, aims to foster innovation and entrepreneurship in Europe by supporting small and medium-sized businesses and helping them to access finance.
04/05/2019
Cyprus Ministry of Finance presents draft EU Anti-Tax Avoidance Directive
The draft legislation contains five anti-abuse measures relating to controlled foreign companies
04/04/2019
Gibraltar thriving as blockchain outshines Brexit
The government’s decision to introduce the world’s first comprehensive regulatory regime for distributed ledger technology which includes blockchain and cryptocurrencies, has put the Rock firmly on the map.
04/04/2019
B.C. introduces law to prevent money laundering, tax evasion in real estate
James noted that a 2016 report by Transparency International Canada indicated nearly one-third of the 100 most valuable residential properties in Metro Vancouver were owned by shell companies.
04/04/2019
Quality financials prompted Cayman National takeover
“The Cayman National brand is strong, and critical to that brand identity are its management and employees.
04/04/2019
Latest developments in civil penalties regime
The Commission has power to issue a penalty against a registered person where there has been a 'significant and material contravention' of a code of practice
04/03/2019
Panama Papers Helps Recover More Than $1.2 Billion Around The World
French tax authorities have confirmed nearly $136 million has now been recovered – and that figure is expected to rise.
04/03/2019
UK anti-tax avoidance scheme broke state aid rules, says EU
The Commission found that the scheme was “partly justified” and did not constitute state aid as it ensured the “proper functioning and effectiveness of the relevant tax rules”.
04/03/2019
Labuan: Asia’s overlooked Islamic finance growth story
Today, Labuan is regarded as a premium financial centre for regional Asian companies looking to expand internationally, as well as for global companies entering Asian markets.