Latest News for: Taxes offshore

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From the Tax Law Offices of David W. Klasing - IRS Report Shows that the ...

Longview News-Journal 18 Jan 2022
income tax on offshore income) self-reports the tax fraud (including a pattern of non-filed returns) through a domestic or offshore voluntary disclosure before the IRS has started an audit or criminal tax investigation / prosecution, the taxpayer can ordinarily be successfully ...
photo: Creative Commons
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Made money in cryptocurrencies? Don’t forget to pay your taxes – in sterling

Moneyweek 18 Jan 2022
Whichever cryptocurrency you made your gains in, you have to pay tax in sterling ... How are my cryptocurrency gains taxed in the UK? ... After all there is no tax due on gambling winnings in the UK (it was abolished in 2012 when Gordon Brown was concerned about competition from tax-free offshore betting) ... So you have to pay tax.
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This tax season is shaping up as another rough one

Messenger-Inquirer 18 Jan 2022
While tax season is never exactly a barrel of laughs, for many taxpayers this year could shape up to be the filing season from hell ... This (second consecutive) difficult tax season might not only leave today’s taxpayers seething ... Let’s invest in helping the IRS identify tax shelters, offshore havens and deliberate cheats.
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Get ready for a tax season from hell

The Milton Standard Journal 17 Jan 2022
While tax season is never exactly a barrel of laughs, for many taxpayers this year could shape up to be the filing season from hell ... This (second consecutive) difficult tax season might not only leave today’s taxpayers seething ... Let’s invest in helping the IRS identify tax shelters, offshore havens and deliberate cheats.
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India adds 40 billionaires even as Covid-19 worsens poverty, says OxfamOxfam is recommending the government ...

Deccan Herald 17 Jan 2022
The report also highlighted that the leaked Pandora Papers -- a collection of 11.9 million documents detailing 29,000 offshore companies and private trusts globally created for tax evasion -- found that more than 380 Indians had 200 billion rupees worth of undeclared foreign and domestic assets.
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‘India-UK trade pact needs data accord’

Live Mint 17 Jan 2022
NEW DELHI ... MORE FROM THIS SECTIONSee All ... Piyu ... TRENDING STORIESSee All ... Know about ... McCole also noted the Indian government’s decision to revoke provisions in Indian tax law that permitted the government to tax offshore deals involving Indian assets on a retrospective basis, saying that the move sent a welcome message to international investors.
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India’s richest more than double their fortunes during Covid crisis, Oxfam says

Live Mint 17 Jan 2022
The report also highlighted that the leaked Pandora Papers -- a collection of 11.9 million documents detailing 29,000 offshore companies and private trusts globally created for tax evasion -- found that more than 380 Indians had 200 billion rupees worth of undeclared foreign and domestic assets.
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FULL TEXT: GNPC denies claims of setting up offshore company in Cayman Islands

Ghana Web 16 Jan 2022
The Ghana National Petroleum Corporation (GNPC) has denied allegations that it has set up an offshore company in the Cayman Islands to hold 7 percent commercial interest rather than owning it directly or through a subsidiary in Ghana ... The Corporation has not set up any offshore company ... Anadarko Offshore incorporated JOHL with its own directors.
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FULL TEXT: GNPC denies allegations of setting up offshore company in Cayman Islands

Ghana Web 16 Jan 2022
The Ghana National Petroleum Corporation (GNPC) has denied allegations that it has set up an offshore company in the Cayman Islands to hold 7 percent commercial interest rather than owning it directly or through a subsidiary in Ghana ... The Corporation has not set up any offshore company ... Anadarko Offshore incorporated JOHL with its own directors.
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Tax department issues rules on computing relief for IFSC banking units

Live Mint 15 Jan 2022
The Income Tax department has issued new rules on computing tax-exempt income of offshore banking units set up in an international financial services centre ... the income of a fund set up by the investment division of an offshore banking unit, which is eligible for tax exemption.
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GNPC's 7 per cent acquisition is advanced by the Ministry of Finance

Ghana News Agency 15 Jan 2022
It said the Corporation had not set up any offshore company ... It said this price was adjusted to US$165 million effective September 30, 2021, following adjustments for cash calls, taxes and other expenses incurred as well as sales made by Anadarko WCTP within the period.
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7% acquisition of JOA was advanced by Finance Ministry - GNPC

Ghana Web 15 Jan 2022
It said the Corporation had not set up any offshore company ... It said this price was adjusted to US$165 million effective September 30, 2021, following adjustments for cash calls, taxes and other expenses incurred as well as sales made by Anadarko WCTP within the period.
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FULL TEXT: GNPC denies claims of setting offshore company in Cayman Islands

Ghana Web 15 Jan 2022
The Ghana National Petroleum Corporation (GNPC) has denied allegations that it has set up an offshore company in the Cayman Islands to hold 7 percent commercial interest rather than owning it directly or through a subsidiary in Ghana ... The Corporation has not set up any offshore company ... Anadarko Offshore incorporated JOHL with its own directors.
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FULL TEXT: GNPC denies allegations of setting offshore company in Cayman Islands

Ghana Web 15 Jan 2022
The Ghana National Petroleum Corporation (GNPC) has denied allegations that it has set up an offshore company in the Cayman Islands to hold 7 percent commercial interest rather than owning it directly or through a subsidiary in Ghana ... The Corporation has not set up any offshore company ... Anadarko Offshore incorporated JOHL with its own directors.
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GNPC has not setup offshore company in Cayman Islands—Corporation responds to ACEP allegations

B & FT Online 15 Jan 2022
The Ghana National Petroleum Corporation(GNPC) has refuted allegations that it has set up an offshore company in the Cayman Islands to hold 7% commercial interest rather than owning it directly or through a subsidiary in Ghana ... But in a response, the GNPC said “the Corporation has not set up any offshore company”.
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