Category Archives: Revenue Service

Australian Taxation Office investigates profit shifting to offshore structures

The Australian Taxation Office (ATO), as well as the Australian Government, is concerned about the risks and issues with the country’s tax system, and next year it is planning to focus on profit shifting, tax crime, and the misuse of … Continue reading

Posted in BVI Companies, Investigation, Offshore investment schemes, Offshore tax havens, Revenue Service, Tax avoidance, Tax fraud, Tax planning, Tax Shelters | Leave a comment

Court rules on Goldman Sachs tax deal through BVI subsidiary

A judge at the High Court of London is asked to rule on HM Revenue and Customs (HMRC)  action with the investment bank Goldman Sachs, and decide if it was legal to let it make off part of its tax … Continue reading

Posted in BVI Companies, Court decisions, Revenue Service, Tax avoidance | Leave a comment

Tax service secretary asked over BVI company deal

Dave Hartnett, permanent secretary for tax at UK Revenue& Customs, is to be questioned by MPs over leaked documents concerning the settlement of a tax dispute with Goldman Sachs. According to the report of the tax authorities, this settlement apparently … Continue reading

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Island businessman guilty of £196,000 tax fraud through BVI and Guernsey trusts

After an eight-day trial at the UK Portsmouth Crown Court, an Island businessman of Sudan origin Mohamed Ahmed Elobeid is found guilty of not paying the largest part of taxes from his £400,000 profit, by setting up BVI offshore trust … Continue reading

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BVI-based Platte International Ltd reached for some questionable matters

The British Virgin Islands-registered Platte International Ltd, formerly known as Micro Bill Systems (MBS), is known as a company with an unusual business model, which already seems to cause some problems to its customers in the UK. People go to … Continue reading

Posted in Adult Business, BVI Companies, Frauds, Revenue Service | Leave a comment

SARS is to sell shares in a BVI company, allegedly transferred to hide large amount of revenues

Businessman Dave King failed to postpone a case brought by the South African Revenue Service (SARS), for the right to sell shares in a British Virgin Island company. SARS is trying to receive back taxes allegedly owed by King, and … Continue reading

Posted in BVI Companies, BVI Trusts, Litigation, Revenue Service | Leave a comment