Offshore News
Top UBS Banker Not Guilty Of Tax Evasion, Big Blow To Offshore Crackdown
The IRS doesnt always get its way. In a big setback to the IRS’s juggernaut against tax evasion and offshore accounts, a former top UBS banker has been acquitted of tax evasion. The U.S. charged Raoul Weil with conspiracy to defraud the U.S. government. The former exec was facing five years in prison and a $250,000 fine, and is the highest-ranking Swiss banker prosecuted in the U.S. crackdown. But now he gets to go home to Switzerland.
The IRS doesn't always get its way
Big US Companies save $Billions in taxes by using offshore companies
Companies — including Microsoft — that keep more than $50 Billion offshore to lower U.S. tax bills
Opportunities for Foreign Direct Investment into Seychelles
Seychelles Welcomes Impressive FDI Inflows
Fiscal advantages invite investments to Seychelles
Companies move to low-tax countries
Bloomberg Article on Seychelles
Shells in Seychelles: Republic Fills Void as Home for Tax Avoidance
Seychelles Upgraded
Seychelles International Credit Rating Improves - FITCH Rating Agency
European Parliament Backs New Money Laundering Law
On 17 March 2014 the European Parliament has voted in favor of draft anti-money laundering rules that would require the ultimate owners of companies and trusts to be listed in public registers in European Union (EU) countries.
How to incorporate a company in Seychelles
To incorporate a company you must provide your preferred Company name to be submitted for approval, once approved the new company can be incorporated within a few days and can be acquired as soon as we receive the application forms.
Singapore-Seychelles DTA
SIngapore signs a double taxation agreement (DTA) with The Seychelles
What is Offshore??
What exactly is “offshore”?
For such an exotic term, it’s actually quite a simple concept.
Going offshore means doing business in any country that isn’t the one in which you live.
For some people, that means banking internationally. For others, it’s about setting up a business in another country. And for others, it might involve more formal asset protection strategies, such as trusts.
Another way to think about it: For everyone else in the world, the United States is offshore. It’s all a matter of perspective.
OECD Standard
In February 2014 G20 endorses new OECD Standard (Common Reporting Standard, CRS) for automatic exchange of tax information
