04/27/2020
The information gathered in 2017 showed the tax avoidance sector was being maintained by a "hard-core" group of as many as 20 promoters with a "long history of operation" in the UK and who were well known to HMRC.
04/27/2020
Keith is one of only two Bermuda lawyers who have been elected as international fellows of ACTEC
04/27/2020
But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’
04/26/2020
A new date for the case will be set at a court hearing later this year.
04/26/2020
Trustees would need to have suitable indemnities and legal counsel opinions in order to get comfortable with the meeting.
04/24/2020
At the beginning of 2020, the office introduced a new online systemexternal link for submitting reports.
04/24/2020
Citizenship sale schemes posed money-laundering and corruption risks
04/24/2020
HMRC allowed relief to all taxpayers affected by coronavirus but not those with assets abroad
04/24/2020
The duties of a director of a Bermuda company apply equally to all directors howsoever appointed.
04/24/2020
The director remains under an ongoing duty to supervise the performance of the delegated power
04/24/2020
We have summarised the key updates below which Cayman Financial Institutions (Cayman FIs) need to be aware of
04/24/2020
In early April 2020, the OECD released their guidance (PDF 327 KB) on how certain issues dealt with under the model OECD tax treaty will be affected by COVID-19
04/23/2020
The deadline for beneficial ownership filings has been further extended to 15 May 2020
04/23/2020
To determine whether a trust is or is not insolvent, the cash-flow test applies, namely the inability of the trustee to meet its debts as trustee as they fall due out of the trust property.
04/23/2020
It was a natural priority for us to focus on employee wellbeing, putting our team’s health at the centre of our response.
04/23/2020
Discussed below are some situations where existing law creates opportunities for foundations fighting COVID-19.
04/23/2020
US tax resident status brings with it taxation and reporting of worldwide income, as well as the risk of a potential US tax bill for (otherwise non-US) employer earnings or for foreign, non-US companies controlled by these potential “accidental&
04/23/2020
CySEC sets out the parameters in which regulated entities are permitted to make use of this exception.
04/23/2020
Once registered as a private fund, the operator of the fund must certify to the BMA annually that the fund continues to satisfy the qualifying criteria (participants less than 20).
04/23/2020
Compliance is a chain of responsibilities.