TIEAs Unworkable in Tackling Tax Evasion, Fraud and Criminality.

(Cayman Islands-Australia TIEA signing; Image:IslandJournal) Of course you already know this but for a recent illustration please read on. The Tax Information Exchange Agreement (TIEA) between the Cayman Islands and Australia is not retrospective and only applies  to tax periods beginning on July 1, 2010 going forward. This is understandable of course because not only… More TIEAs Unworkable in Tackling Tax Evasion, Fraud and Criminality.

Offshore Company Formation is Still Big Business

According to Appleby’s latest “On the Register” report, which provides insight and data on company incorporations in offshore financial centers, company formations in both London and Hong Kong are well above those recorded in 2009. In fact, Hong Kong, as a comparator, saw a 9 percent increase in the total number of active registered companies, with… More Offshore Company Formation is Still Big Business

OFCs Rush to Negotiate FATCA Agreements with the US.

Perhaps Offshore Financial Centres (OFCs) have learnt a thing or two in the last twenty years since the start of the OECD assault on ‘tax competition’ because the US Treasury department has announced that it expects to conclude inter-governmental agreements on FATCA implementation with Guernsey, Ireland, Isle of Man and Jersey by year-end. Moreover the… More OFCs Rush to Negotiate FATCA Agreements with the US.