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.
Regulation, Risk & Compliance
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.
04/03/2019
Financial Prey for the Populists
As the global wave of cross-border banking recedes, foreign banks are becoming easy targets for populist expropriation, especially in Central and Eastern Europe.
04/03/2019
BVI guidance on economic substance requirements expected in draft form in late April 2019
BVI Finance anticipates that the draft Code will be published in late April 2019.
04/03/2019
Lawmakers to debate amendments to Trusts Law and Bills of Exchange Law
It achieves this by improving the Grand Court’s administration of trusts, to provide greater clarity and certainty for court proceedings involving users of Cayman Islands trust products.
04/03/2019
A Balancing Act: Distributions and Contingent Liabilities
As part of this process it is important that due consideration is given to the liabilities of the company
04/02/2019
R&Q gets Irish regulatory approval for Coffey Western Captive deal
Ken Randall, chairman and CEO of R&Q, had previously suggested that a continued soft market, capital pressures from Solvency II and challenges from Brexit and BEPS are providing more opportunities for R&Q to provide either complete finality or par
04/02/2019
Guernsey Property Unit Trusts
Guernsey has a very well established trust company industry with most administrators offering trust company services alongside their administration services.
04/02/2019
EU says part of UK tax scheme was illegal aid for multinationals
The rules allow UK tax authorities to allocate all profits artificially diverted to an offshore subsidiary back to the UK parent company.