guernsey prepares to implement uk fatca
Guernsey is preparing to finalise a draft tax disclosure agreement with the UK based on the principles of the US government’s Foreign Account Tax Compliant Act, which it is also implementing.
Tax & Regulation
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cisi addresses new jersey adviser
With new requirements for advisers set to take effect in Jersey next year, the Chartered Institute for Securities & Investment has published details of which of its qualifications meet the new standards.
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tax experts predict tax avoidance big target
Leading tax specialists are predicting that in next week’s UK Budget speech we will see more powers handed to HM Revenue & Customs to prevent and discourage people against aggressive tax avoidance.
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keeping ahead of the changing face of
International finance centres are changing to meet the needs of an increasingly ‘tax conscious’ world. Guardian WM’s David Howell suggests the challenge for advisers will be to keep ahead of the game.
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former association of taxation technicians
A former president of the Association of Taxation Technicians and his fellow company director have been jailed for eight and a half years each for a £5m pension scheme tax fraud.
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fifty highly qualified professionals take up
A scheme unveiled in 2011 and designed to attract such highly-skilled individuals as actuaries to Malta now has some 50 takers, the Maltese financial services regulator reports.
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hmrc wins offshore tax avoidance case
HM Revenue & Customs has won a court case against a tax avoidance scheme sold by Jersey-based Dominion Financial Services Group.
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uk fatca consultation under way in jersey
Jersey Finance, the promotional body responsible for the island's finance industry, has been asked by the States of Jersey to consult its members on the possibility of entering into a so-called 'FATCA type' agreement, including a disclosure facility, with the UK government.
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bend it like beckham accused of french tax dodge
Football superstar David Beckham is reportedly being investigated by the French tax authorities over claims that his decision to have wages paid by his new club Paris St Germain directly to charity are simply an elaborate tax dodge.
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hmrc publishes names and addresses of uk
HM Revenue & Customs has published a list detailing the names and addresses of what it calls “deliberate tax defaulters”.
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isle of man disclosure facility not as generous
News that the Isle of Man is to have its own tax disclosure facility with HM Revenue & Customs has been met with a lukewarm reaction so far, with most tax experts suggesting the terms under the existing Liechtenstein Disclosure Facility are more favourable.
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iom mini fatca draws closer as plans for new
The Isle of Man has moved one step closer to signing a “mini FATCA” agreement with the UK, and has also announced that a new IoM tax disclosure facility with the UK will be launched in April.