June 23, 2014 - IRS changes offshore disclosure regime
The U.S. Internal Revenue Service has announced changes to its offshore voluntary compliance programs that will provide new options to Caymanians who also have U.S. citizenship or green card status and have not filed U.S. tax returns.
June 13, 2014 - Minister: U.S. may be set to refocus tax enforcement on carribean
May 16, 2014 - Obscure firm handling 1MDB’s offshore funds strips details from website
he Business Times had named Bridge Partners as the firm handling 1MDB’s billions that were previously parked in the Cayman Islands, after the amount was transferred to the Hong Kong firm having previously been listed as “assets for sale”
April 18, 2014 - Cayman Islands Is The New Switzerland, But Not The Way You Think
Yet some people consider institutions in the Caymans to be less rigorous in observing tax and banking laws than European nations. That creates a perfect storm. And with Swiss bank closures, deferred prosecution agreements, and many Swiss banks still under investigation, everything is different now.
March 29, 2014 - Going overboard
The islands have now come up with cybercrimes legislation that slaps a prison term of up to 20 years and a possible $1m fine on anyone, in any country, who leaks or publishes leaked information about a BVI offshore company—even if that information comes from a computer in Boston or Beijing.
March 27, 2014 - American, Canadians Accused of Money Laundering in the Caribbean
Chief of IRS Criminal Investigation, Richard Weber, said the defendants were in the business of creating layers of transactions so their American clients could launder criminal proceeds.
March 25, 2014 - Three Caribbean-Based Defendants Charged with Laundering $200,000 of Purported Bank Fraud Proceeds in Undercover Sting
March 24, 2014. Joshua Vandyk, a U.S. citizen, and Eric St-Cyr and Patrick Poulin, Canadian citizens, were indicted for conspiracy to launder monetary instruments, the Department of Justice and Internal Revenue Service (IRS) announced today.
March 25, 2014 - World's Youngest Billionaire, May Be Helping Family Hide Offshore Wealth
According to the Post, she is the current and former owner of various different companies registered in the British Virgin Islands and Cayman Islands, known for being offshore tax havens.
January 27, 2014 - Exposé of Offshore Accounts Puts Spotlight on China’s Wealthy
The ICIJ says that among those are at least 15 members of China’s National People’s Congress, and top executives from state owned companies.
January 27, 2014 - ICIJ Discloses 37,000+ Names of Offshore Clients
ICIJ Discloses 37,000+ Names of Offshore Clients
January 22, 2014 - ICIJ offshore records reveal tax haven clients in China, Hong Kong
Nearly 22,000 offshore clients with addresses in mainland China and Hong Kong appear in the files obtained by the International Consortium of Investigative Journalists.
January 17, 2014 - US Court upholds offshore tax avoidance rules
The court upheld the regulations’ 2012 amendments, finding that the Internal Revenue Service (IRS) “reasonably concluded that the regulations will improve U.S. tax compliance, deter foreign and domestic tax evasion, impose a minimal reporting burden on banks, and not cause any rational actor – other than a tax evader – to withdraw his funds from U.S. accounts.”
January 10, 2014 - Offshore Corporate Profits: The Only Thing ‘Trapped’ Is Tax Revenue
For example, as of last May, Apple had $102 billion in “permanently invested overseas” income not subject to the U.S. corporate tax. On Apple’s books, this untaxed profit is “offshore” because it is controlled by two Irish subsidiaries—even though these subsidiaries park their funds in bank accounts in New York.
January 8, 2014 - The year that almost saw a clampdown on tax evasion
They were all listed in "Offshore Leaks," a database of over 130,000 offshore accounts obtained by Gerard Ryle, an Australian reporter who heads the Washington-based International Consortium of Investigative Journalists.
December 23, 2013 -- Tax havens Jersey, Isle of Man, and Guernsey join tax
The Netherlands, Malta, and the British territories of Bermuda, Jersey, Guernsey and the Isle of Man signed various bilateral agreements with the US during the past week to implement the Foreign Account Tax Compliance Act, the Treasury said in a statement, AFP reports.