04/01/2015
Isle of Man Tax Bulletin - Deloitte
Welcome to the April 2015 edition of the Isle of Man Tax Bulletin, which provides an update on recent local and international tax issues relevant to Isle of Man businesses and individuals.
Tax
03/31/2015
Deepbridge Capital: Wanting to mitigate tax is human nature
A key economic and political philosophy behind this is that nobody ‘likes’ paying tax
03/31/2015
Luxembourg must diversify to build resilient financial sector, says OECD
Luxembourg has been warned that it has to diversify its economy and reduce the reliance of its financial sector on providing financial functions for multinational companies if it is to survive any campaign on international tax avoidance.
03/31/2015
Russia Legislates For Offshore Amnesty
Russia's Parliament, the Duma, has approved a draft law to allow taxpayers to regularize previously undeclared assets held offshore
03/30/2015
Tax avoidance investigations up by a quarter as HMRC rakes in extra £39m by targeting the rich
The Finance Team is part of HRMC’s High Net Worth Unit, which targets high earners in private equity, investment banks, hedge funds and other funds.
03/29/2015
Britain's tax havens told to deliver timetable on central register
Britain's government has told two of its offshore financial tax havens to set out timetables for implementing a central register of companies revealing corporate ownership
03/29/2015
HMRC Wins Case Over World’s Most Expensive House
Updown Court, a huge 100-room mini-palace in Surrey was once valued at £80 million, but was seized during an HM Revenue & Customs tax evasion investigation in 2001.
03/27/2015
EU concludes negotiations with Switzerland on landmark tax transparency agreement
The European Commission has announced the conclusion of negotiations on an ambitious new tax transparency agreement with Switzerland
03/27/2015
HMRC scores hat-trick of tax avoidance wins
HM Revenue and Customs has secured three tribunal wins against tax avoidance schemes, protecting more than £260m in tax.
03/27/2015
State Ministers Hold Meeting with Swiss State Secretary on Tax Evasion
The meeting, which was concluded earlier on Thursday, was also attended by Justice Minister Nikos Paraskevopoulos and the President of the Parliament Zoi Konstantopoulou.
03/27/2015
Swiss Banks Will Not Release Information on Suspected Greek Tax Cheaters
Swiss banks will not give the Greek government information on Greek depositors who are suspected of tax evasion, said a high-level official of the Financial Crime Unit.
03/26/2015
Greece, Switzerland Resume Talks On Untaxed Money
Greece and Switzerland were to hold a new round of talks Thursday on a deal designed to help the cash-strapped Mediterranean country recover billions of euros in unpaid taxes.
03/25/2015
Guernsey: Will Guernsey Crack The Enigma Code?
Michael Betley, group chairman of Trust Corporation International looks at how Guernsey has coped in an increasingly transparent and regulated world and how it can adapt to further change in the future.
03/24/2015
Hodge calls for change to ‘non-dom’ rules
The meeting, which took evidence from Dave Hartnett, HMRC’s former permanent secretary for tax and Edward Troup, HMRC’s tax assurance commissioner, shed little additional light on the tax evasion scandal involving HSBC Suisse.
03/23/2015
No where to hide: Israel, UK ally against tax evasion epidemic
In Britain, the mix of politics, the upcoming elections, the budget deficit and public pressure has provoked a whirlwind of controversy around the issue of tax avoidance and tax evasion.
03/23/2015
HMRC introduces new strict liability offence for offshore tax evasion
HM Revenue & Customs has introduced a new strict liability criminal offence on both offshore tax evaders and those who help them following the UK Government’s clampdown on tax dodging in yesterday’s Budget.
03/20/2015
Switzerland, EU tag team tax evasion
Bern and Brussels have clinched a deal to exhange bank account data in an effort to tackle tax fraud.
03/20/2015
Banks to face criminal charges for allowing tax evasion
Financial services firms targeted in Budget crackdown
03/20/2015
Isle of Man Tax Bulletin - Deloitte
Please find links below to Deloitte’s UK Budget 2015 Briefings.
03/20/2015
Number of Britons paying inheritance tax to almost double by 2020
Office for Budget Responsibility analysis shows the deaths of 64,000 people will lead to families paying inheritance tax in 2019/10