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UK: Offshore tax evasion clampdown produces 5.67m financial records. (22/03/2019)
HMRC has confirmed that in 2018, the UK tax authority received reports about the offshore financial interests of around three million UK resident individuals, or the entities they control.... read more
UK: Advisers risk 'sleepwalking' into criminal prosecution. (22/03/2019)
Advisers could "sleepwalk" into a criminal prosecution if they cannot demonstrate they have reasonable procedures in place to prevent tax evasion by their clients, a tax company has warned. ... read more
US: Media Blackout as Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes. (22/03/2019)
The scandal, though it has been reported on in Israeli media, has garnered little attention in the United States.... read more
OECD: people in developed countries want their ‘fair share of benefits’, says OECD survey. (22/03/2019)
More than half of people in developed countries believe their governments should tax the rich more to fund public services and benefits, an OECD survey has revealed.... read more
LUXEMBOURG: Jurisdiction deemed "largely compliant" in tax transparency. (22/03/2019)
On Monday, the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes published seven peer review reports assessing compliance, including on Luxembourg.... read more
ANTIGUA AND BARBUDA: Antigua PM Browne questions EU blacklisting of Caribbean countries. (22/03/2019)
Antigua and Barbuda’s Prime Minister Gaston Browne is the latest to express concern about the blacklisting of Caribbean countries, especially Dominica.... read more
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The UWO – How Far Can It Go?
There can be no doubt that financial crimes are committed and there is no question that the rule of law must be brought to bear with full force. But should combating crime mean having to create a hostile environment for wealth?
THE OECD, the EU and Tax Fraud – but Whose?
The OECD and EU and their numerous academic fellow travellers have, since 1998, been engaged in perpetrating upon their putative masters in the G20 (and the peoples whom they are paid to serve) a massive intellectual fraud embracing economics, law, p
IFCs Need to Become Apple
In today’s regulatory environment, International Financial Centres (IFCs) have just one choice left – differentiation. IFCs need to be the Apple of their market segments. Here’s why.
How Should the British Offshore World Respond to a Crisis of Reputation?
The Governments of the CDs and OTs have done everything their business sectors have asked of them. They've raised standards and worked with the UK Government to maintain an environment that allows businesses to succeed. And ’offshore’ businesses have
Are Public Registers of Beneficial Owners in breach of the GDPR?
While the general anti-money laundering provisions have found their way into the statute books of virtually all EU member states, central registers are taking off slowly, mainly because of a fundamental debate they introduce on the relationship betwe
Hong Kong versus Singapore – Why Does It (not) Matter?
To achieve the growth of Asia, Singapore and Hong Kong should accept that they each have different strength and geographic focuses as well as essential commonalities.
De-Risking Governments Around the World: A Perfect Match for Abundant Insurance Capital?
Each year, hurricane season acts as the barometer for how well-prepared government agencies are when disaster strikes. Some states, like Florida, Louisiana and Texas, face this every year and rely on sophisticated tracking models
US Tax and Trade Policy Supports the Growth of International Financial Services
The United States’ tax and trade policies primarily aim to boost foreign capital investment, encourage domestic capital creation, and provide the money that facilitates politically driven, vote enhancing social engineering.
Economic Colonialism and the European Union Blacklist
“The higher races have a right over the lower races. They have a duty to civilise the inferior races”. These are the words of Jules Ferry, a leading 19th century proponent of French colonialism. It seems from the extraterritorial expansionist intenti
Pardon my Mistake: Why is the Court’s Mistake Jurisdiction so Useful?
The court’s ability to help out by relieving against the consequences of mistake has long been a cornerstone of the equitable jurisdiction exercised by courts based on the English common law system
The EU Tax Blacklist: Is This the Future for Globalisation?
“It’s probably the most spectacular thing we’ve done,” said Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, when he described the EU’s plans for a tax blacklist
Barbarians at the Gate: The Populist Attack on Globalisation and its Threat to Smaller IFCs
The next paragraph will be controversial. The purpose of this is twofold. First, you are more likely to read the article in full, if only to utterly disagree with it. Second, it is not going to be easy to explain how protectionism, as espoused by th
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Latest Articles
Bermuda’s Reformed Charities Regime
  Read about Bermuda’s new Charities Amendment Act 2018 and find out what steps charity trustees of existing privately funded Bermuda charities will need to follow next. (01/12/2018)
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/12/2018)
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
In the Chair …Anthony Travers, Travers Thorp Alberga
  The IFC Economic Report invites Anthony Travers to discuss Westminster’s public register demands and asks if existing tensions could result in a push by some of the Overseas Territories to break away from Britain. (01/09/2018)
Latest Articles
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
Barbados' Chance to Lead in DLT Innovation is Now
  The rate at which the various island states are embracing FinTech varies. However, many small jurisdictions and their governments are sitting on what could be classified as a hotbed of opportunity. (01/09/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
The Big Debate: How Credible are Tax Haven Blacklists?
  Fran Hendy, International Lawyer and Treaty Negotiator at Invest Barbados presents her stance. (31/07/2018)
Latest Articles
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/12/2018)
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
In the Chair …Anthony Travers, Travers Thorp Alberga
  The IFC Economic Report invites Anthony Travers to discuss Westminster’s public register demands and asks if existing tensions could result in a push by some of the Overseas Territories to break away from Britain. (01/09/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
Latest Articles
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
Why the Bahamas Remains the Clear Choice
  The Bahamas continues to pursue its vision to be a globally competitive international business centre for wealth management, residency, capital investment in the Americas and emerging markets. Its ability to realise this vision has much to do with a (29/06/2018)
Bahamian Tax Policy: Strategic Considerations
  Industry participants recognise that carefully planned, sweeping changes to the tax system may impact The Bahamas’ competitiveness vis-à-vis other international financial centres, and the long-term success of the financial services sector will depend (29/06/2018)
The Bahamas: Clearly Focused
  "We have to be in a state of continuous improvement to ensure that we remain aligned with international standards. The work does not stop,” explains Tanya C. McCartney. (01/06/2018)