04/13/2016
Tamper with tax havens at your peril
Global financial centres facilitate trade, investment and economic growth, writes Richard Hay
Tax
04/13/2016
Latvia, Hong Kong conclude double taxation avoidance agreement
At present, investors from Latvia and Hong Kong have to pay taxes in the other country in accordance with national tax legislation
04/13/2016
Offshore’ has become synonymous with murky dealings. That’s not fair - Nigel Green
The overwhelming majority of the offshore sector provides products and services that are entirely compliant and legal and are used by law-abiding people.
04/13/2016
HC upholds stricter tax rule on inflow from abroad
Allows govt to impose 30% tax deduction at source on inflow from Cyprus
04/12/2016
Norway's Wealth Fund Faces Demonstration Over Tax Havens
The planned demonstration follows calls last week by opposition lawmakers in Norway for the sovereign wealth fund
04/12/2016
Paris and Berlin call for global tax-haven blacklist
The moves by Berlin and Paris come in the wake of the embarrassing revelations last week showing the broad use of offshore entities by the world’s rich and powerful.
04/12/2016
Jersey's Chief Minister issues statement on beneficial ownership
They are required to provide accurate, up to date information on beneficial owners to the Companies’ Registry, which forms the central register of beneficial ownership.
04/12/2016
SocGen chief to testify to French senate on Panama Papers
French bank was a prolific creator of offshore companies
04/12/2016
Deloitte steps down as auditors to Ulster Bank
Deloitte was paid €1.1 million, excluding Vat, as auditors to Ulster Bank Ireland Ltd in 2015, up from €933,000 a year earlier.
04/12/2016
German Finance Ministry Seeks Global Register
German Finance Minister Wolfgang Schäuble has called for countries to work together in the fight against tax fraud and money laundering.
04/11/2016
ABN Amro helps clients hide assets in tax havens, Dutch media claim
The Panama Papers show ABN Amro has at least six subsidiaries which operate as nominal shareholders.
04/08/2016
French regulator demands extra tax haven information from banks
France's ACPR financial sector regulator has told French banks to hand over extra information about their business ties with tax havens following "Panama Papers" leak, a spokeswoman said Thursday.
04/08/2016
FCA orders banks to probe links to Panama Papers
The banks have been told to send over their own preliminary findings by April 15, according to a copy of the letter seen by the Financial Times.
04/08/2016
Revealed, former HSBC boss's tax haven: Leaked documents show executive tried to avoid paying by placing £8m town house in offshore company
The ‘Panama Papers’ reveal the former boss held his £8million townhouse through a trust
04/08/2016
Widespread ignorance of inheritance tax threshold - Octopus
“Our latest research shows just how vital it is to be aware of the key rules and regulations around tax planning so you can make your money work harder for you and help look after those you love when you are gone.”
04/07/2016
PM Intervened To Weaken EU Action On Trusts
Downing Street defends a letter in which Mr Cameron urged officials to focus on companies rather than trusts in a tax crackdown.
04/07/2016
HMRC to close T&S tax ‘loophole’
Crawford Temple, chief executive of PRISM, a trade body for service providers and payment intermediaries in the temporary labour market, spoke to Recruiter about the move.
04/06/2016
HMRC promises 'swift' action against tax avoiders named in Panama Papers
The British Virgin Islands, which as a British overseas territory is administered by the Crown, has 113,000 shell companies registered with the Panamanian law firm at the centre of the leak, more than any other territory.
04/06/2016
Jersey leads on the capture and sharing of beneficial ownership information
He welcomed moves for greater transparency and called on other locations that had not done so to introduce a regulatory regime that enabled them to know and share information on the beneficial owners of companies with appropriate authorities.
04/06/2016
Treasury grabs huge increase in Inheritance Tax thanks to rising property values
Inheritance tax receipts taken by HM Revenue and Customs jumped to a record high of £4.6 billion in 2015-2016 according to Wilsons, a private client law firm.