Category Archives: Tax planning

Capital Economics reports BVI companies allowing to avoid US$750mln tax

According to the new report by British company Capital Economics, the assets held offshore in the BVI jurisdiction are worth US$1.5 trillion, twice more than the 2010 statistics of the International Monetary Fund. Two thirds of the BVI-registered companies are … Continue reading

Posted in British Virgin Islands, BVI Companies, Offshore secrecy, Offshore tax havens, Tax avoidance, Tax planning, Tax Shelters | Leave a comment

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

Microsoft can pay Denmark $1 bn in taxes for Navision deal

According to a report by Danish media, the government of Denmark could ask Microsoft Corporation to pay up to US$1 billion of taxes from the deal of Navision, an Irish company partly owned by Bermuda and British Virgin Islands-registered companies. … Continue reading

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BVI company’s tax avoidance scheme turned to be useless

According to the information by HM Revenue and Customs (HMRC), a multimillion-pound tax avoidance scheme was marketed by Goldcrest Pictures Limited, incorporated in the British Virgin Islands. This is a film production company, which has financed and produced more than … Continue reading

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Ex-UBS banker indicted for tax evasion services

икониThe U.S. Court has indicted former senior UBS private banker for selling offshore tax-evasion services to wealthy Americans. Martin Lack is a Swiss national who until 2003 oversaw UBS’s North America business for wealthy Americans placing their money in hidden … Continue reading

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Skatteverket’s measures against tax avoidance included negotiations with BVI and other tax havens

Sweden organized co-operation with the neighbor countries to put more pressure on tax havens and make them loosen their secrecy laws allowing people to avoid paying Swedish taxes. The Copenhagen-based Nordic Council has been negotiating with several jurisdictions which have … Continue reading

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Global banana companies avoid tax burden incorporating in the BVI and other offshore centers

The UK Guardian has revealed that multinational banana companies are using tax haven jurisdictions to avoid paying tax on their profits in the UK and in developing countries. In the course of international investigation into banana firms, it was found … Continue reading

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The British rock-star accused of avoiding taxes by registering his property on BVI companies

Since the British Revenue & Customs Authority started to get from the banks the details of their customers’ accounts in offshore jurisdictions, many offshore schemes have been revealed. Probably these schemes were planned and used illegally to avoid taxation. In … Continue reading

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Offshore Companies and Trusts used by wealthy to evade stamp duty on London’s property

Last week two senior figures of Labour Party raised the problem of a property tax dodge which helped the rich people to escape stamp duty and cost the Treasury of UK tens of millions of pounds a year. The tax … Continue reading

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