08/14/2015
OECD clarification reinforces Guernsey's fund domicile position
Representatives of Guernsey's government, the regulator and industry bodies have been working together to inform EU and EEA authorities of Guernsey's position in the OECD.
Tax
08/14/2015
OECD publishes guidance on international standard for automatic exchange of tax information
The new 'Implementation Handbook' is designed to assist countries with their implementation of the CRS.
08/13/2015
Tax authorities urged to be more vigilant over the super-rich
Tax advisers have warned their wealthy clients that they are in the sights of tax authorities.
08/13/2015
Isle of Man Tax Bulletin - Deloitte
Isle of Man removed from Italian blacklist
08/12/2015
Supreme Court decision could have implications for UK trusts by Joan Foster
A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.
08/12/2015
New report compares performance, best practices and trends in 56 tax administrations
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/10/2015
Warning of innocent victims in taxman’s raid
Their warning comes days after it emerged that HMRC has set up a new taskforce
08/10/2015
Revenues surge as global crackdown on tax evasion gathers pace
The Paris-based OECD said last week that many transgressors were facing “the last window of opportunity” to disclose such information.
08/10/2015
Extension to the capital gains tax regime to non-UK residents owning UK residential property
Key point: all qualifying non-residents will have to file a tax return within 30 days of a disposal of a UK residential property
08/10/2015
The OECD takes further steps to putting an end to offshore tax evasion
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information
08/10/2015
Offshore Messenger: Budget changes significantly impact offshore world
In a bid to raise more tax, the UK Summer Budget introduced a number of changes which will significantly impact the offshore world.
08/07/2015
Taking offence offshore
On 16 July 2015, the Government issued four consultation documents on the topic of offshore tax, non-compliance and evasion.
08/07/2015
Cyprus: The New Double Taxation Agreement Between Cyprus And Georgia
The new agreement closely follows the 2010 OECD Model Convention, with only minor modifications, and the Protocol to the agreement clarifies the information exchange provisions. Details of the DTA and Protocol are now available, and they are analyzed in t
08/07/2015
High earners handed £40,000 pension perk – at £70m cost to taxpayers
Anomaly emerges that effectively doubles the annual limit on pension savings
08/06/2015
HMRC Targets Scottish Tax Evaders
Specialist officers will cross-reference information on these wealth indicators with the data HMRC already holds on their owners.
08/05/2015
FACTA agreement signed
REPRESENTATIVES of the US and Slovakia signed the Foreign Account Tax Compliance Act on July 31 in Bratislava.
08/05/2015
Do you qualify for the new IHT £1m allowance? Planning’s the name of the game… by Joan Foster
The debate continues to rumble on about the complexities surrounding the new £1m Inheritance Tax Nil Rate Band. So with four years until it’s fully introduced, why should you start planning now, and why are couples without children being left
08/03/2015
Premium tax in U.K. set to rise
Industry concerned about higher costs
08/03/2015
Thousands of pieces of Scottish land owned by offshore companies
The islands were recently embroiled in a huge tax evasion scandal
08/03/2015
The Global Forum releases new compliance ratings on tax transparency
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor