Return To Mondaq Homepage Tax
Preview most recent added content
Login
Register for Free
First Time Here?

 
Mondaq Topics
 
Our Services
 
About This Site
 
Advertise with Us
Unsubscribe
Copyright
Welcome to Offshore
Home Page Search Offshore Browse Site
Your first time here? Click here for a quick guide to our website.

Here you will find the latest thinking on legal, accounting, regulatory and commercial issues supplied by the world's leading professional advisors.

If you are a professional advisor yourself (for example you are part of a law firm, trust company, bank or accountancy firm), and your organisation writes articles, please click here.

Below are the lastest articles on Tax from Offshore Briefing. Different topic options are on the left; different regional options are at the top of the page. Alternatively you can search our database for articles by date, topic, firm, country, author, free text, etc.

You are currently viewing content on this site filtered by the topic of Tax. If you would like to remove this filter, click here

Free Personalized News Alerts
Keep up to date with the most recently added articles to Mondaq in accordance with your topic preferences.
>Signup<
Hot Topics Headlines

Top 10 Tax Headlines from Offshore

The Cayman Islands seems to be riding through its own version of the ‘perfect storm’. It has faced the challenges of the OECD and successfully made it to the White List as a transparent jurisdiction, in signing over 12 tax treaties with other jurisdictions.
The Gibraltar tax year runs from the 1st July to 30th June and on 25 June the Chief Minister Peter Caruana delivered his budget speech to reflect on the performance of the Gibraltar economy and set out the Government’s budget proposals for the fiscal year ending 30 June 2010.
In 2007, as a result of HMRC receiving information from five major UK banks with offshore subsidiaries, HMRC offered an Offshore Disclosure Facility (“ODF”) which was designed to allow those people holding offshore accounts to declare those accounts and put their tax affairs in order.
At the conclusion of a very busy period of negotiations with a large number of jurisdictions, Gibraltar’s government yesterday signed a further three Tax Information Exchange Agreements (‘TIEA’) with the Faroe Islands, Greenland and Finland.
In a welcome move which the Irish Government had flagged in the budget, Ireland’s latest Finance Bill introduces a scheme of capital allowances (tax depreciation) on capital expenditure incurred by companies on acquiring certain specified intangible assets.
There has been a great deal of attention focused on the CaymanIslands these past few months, more so than usual. Much of thedebate as to what to do about the so called "taxhavens" has ranged from the White House, the G8, the G20to the Organisation for Economic Co-operation and Development("OECD").
Manx tax legislation does not specifically refer to Trusts and instead taxes according to a mixture of both residence and source basing factors in each case.
Persoal Taxation - Income Tax Rates
The offshore funds rules were originally enacted at a time, as now, when there was a substantial difference between the rates of income tax and capital gains tax, to prevent investors in offshore vehicles from converting income accumulated within the offshore vehicle into capital on the disposal of that interest.
After the introduction of the 1992 International Trusts Law, Cyprus can compare favourably with most tax locations worldwide, particularly in view of the competitive tax incentives for trust formation in Cyprus which render the trust a very attractive tax vehicle for non-residents in Cyprus.
Latest News from Tax
in Offshore
Our most popular article this week:
Most Popular Contributors this week
View Recent Headlines Covering    

© Mondaq® 1994-2009.
All Rights Reserved