Offshore Trusts Guide News

Offshore Trusts Guide News

Daily Personal Business Tax Guide News
  1. OTG: Guernsey's financial services promotion agency, Guernsey Finance, says its Hong Kong office has yielded significant benefits for the territory over the past 15 months.
  2. OTG: Canada's 2018 Budget has provided the long-awaited details of the Government's proposal to limit the tax benefits that can be derived from the holding of passive investments in a private corporation.
  3. OTG: Australia's Board of Taxation has published the results of its review into the taxation of bare trusts.
  4. OTG: The Australian Government is to tighten its Multinational Anti-Avoidance Law to prevent the use of certain structures to circumvent the law's application.
  5. OTG: The Chartered Institute of Taxation has welcomed the announcement that the UK's Office of Tax Simplification is to undertake a review of inheritance tax.
  6. OTG: The UK's Office of Tax Simplification has been tasked with investigating options for reform of the UK's inheritance tax.
  7. OTG: Almost 100 foundations have now been registered under the Guernsey's five-year-old Foundations Law, Guernsey Finance, the island's financial services promotional agency, has said.
  8. OTG: The UK tax agency, HM Revenue and Customs, has told the Association of Tax Technicians that those not yet able to use its new Trust Registration Service will not yet be penalized, having offered extra time for affected persons to register.
  9. OTG: EU tax authorities have gained the right to access data collected by other states under anti-money laundering legislation, following the entry into force of new rules on January 1.
  10. OTG: The Australian Government is consulting on a proposed new tax framework for Corporate Collective Investment Vehicles.