Tax avoidance

Doctors Hospital Takes Action to Preserve Fair Competition After the Cayman Government Grants a Series of Financial Concessions

Retrieved on: 
Friday, March 19, 2021
Tax, Cayman Islands, Corporate tax avoidance, Offshore finance, Tax avoidance, Narayana Health, MedCity, Cayman, Healthcare in India

GEORGE TOWN, Cayman Islands, March 19, 2021 /PRNewswire/ -- Doctors Hospital ("DH") in Grand Cayman, Cayman Islands, announced they are seeking a judicial review of the vast unilateral concessions made by the government to Health City and Aster Cayman MedCity.

Key Points: 
  • GEORGE TOWN, Cayman Islands, March 19, 2021 /PRNewswire/ -- Doctors Hospital ("DH") in Grand Cayman, Cayman Islands, announced they are seeking a judicial review of the vast unilateral concessions made by the government to Health City and Aster Cayman MedCity.
  • According to DH, these concessions unfairly distort competition between healthcare providers on the Cayman Islands, and could ultimately compromise the quality of healthcare available.
  • DH challenges the fairness of the ongoing grant of financial concessions to Narayana Hrudayalaya Private Limited ("NHP") by the Government of the Cayman Islands ("CIG") for the current Health City development.
  • Also, granting vast financial concessions to DM Healthcare ("DM") for the Aster Cayman MedCity development, and the proposed financial concessions to NHP for the proposed development at Camana Bay is concerning.

Andersen Global Enters Liechtenstein; Expands Platform in Europe

Retrieved on: 
Thursday, March 18, 2021
Accounting, Professional services, Legal, Andersen Global, Countries, Europe, Tax avoidance, LIECHTENSTEIN, Andersen

Expanding its existing platform in the European region, Andersen Global establishes a presence in Liechtenstein with collaborating firm actus ag based in Triesen.

Key Points: 
  • Expanding its existing platform in the European region, Andersen Global establishes a presence in Liechtenstein with collaborating firm actus ag based in Triesen.
  • Our collaboration with Andersen Global brings growth and allows us to seamlessly provide our clients with the resources of a global organization regardless of borders.
  • Andersen Global Chairman and Andersen CEO Mark Vorsatz added, actus ag is one of Liechtensteins leading and most innovative, independent tax firms.
  • Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world.

Top Tax Trends Tax, Finance, and HR Leaders Must Know!

Retrieved on: 
Wednesday, March 17, 2021
Tax, Corporate tax avoidance, Offshore magic circle, Taxation in the Republic of Ireland, International taxation, Economy, Articles, Tax avoidance

As a frontrunner in online leadership and tax professionals' career development, TaxTalent works tirelessly to distribute the Global Tax Market Assessment worldwide each year.

Key Points: 
  • As a frontrunner in online leadership and tax professionals' career development, TaxTalent works tirelessly to distribute the Global Tax Market Assessment worldwide each year.
  • Their mission is to ensure tax, HR, and financial leaders that oversee the tax function are apprised of industry trends that will directly impact their departments.
  • This one-of-a-kind study covers critical topics, including:
    The Impacts of ESG on the Tax Profession.
  • The Likely Shift from ETR Tax Planning to Tax Policy and Controversy.

Clerisy Launches With Initial Investment in Dormify

Retrieved on: 
Wednesday, March 10, 2021
Home Goods, Cosmetics, Retail, Finance, Banking, Professional services, Women, Online Retail, Teens, Luxury, Parenting, Department Stores, Specialty, Consumer, Fashion, Family office, Investment management, Tax avoidance, Clerisy, Dormify

Terms of the Dormify investment were not disclosed.

Key Points: 
  • Terms of the Dormify investment were not disclosed.
  • Clerisy provides a platform for institutions, family offices and high-net-worth individuals from around the world looking to make meaningful investments in unique growth equity opportunities.
  • The firms name is derived from the word clerisy, meaning a group of learned, collaborative, innovative people.
  • Karen Zuckerman, co-founder and Chairman of Dormify, added, Clerisys investment will catalyze our category presence and grow our business to new heights.

San Antonio-Based Technology Company Helps Homeowners Pay a Fair Property Tax

Retrieved on: 
Tuesday, March 9, 2021
Property tax, Taxation in the United States, Tax, Property tax in the United States, Tax avoidance

"This expansion is an important step on our mission to help every homeowner get a fair property tax value each year.

Key Points: 
  • "This expansion is an important step on our mission to help every homeowner get a fair property tax value each year.
  • "We designed the company, algorithms, and business processes around determining the fair tax value for a property.
  • Home Tax Shield is an online property tax protest platform on a mission to help homeowners, communities, and local governments establish fair property taxes.
  • Merging AI-powered technology with local, experienced professionals, Home Tax Shield ensures that every homeowner pays a fair property tax each year.

Non-Disclosure of Foreign Financial Accounts at Ever Increasing Risk of Criminal Tax Prosecution Especially Where Taxable Offshore Income Went Unreported

Retrieved on: 
Tuesday, March 9, 2021
Criminal law, Ignorance, Willful blindness, Taxation in the United States, Willful, Tax resistance in the United States, Tax avoidance

IRVINE, Calif., March 9, 2021 /PRNewswire/ --Defendants faced with criminal prosecution for non-disclosure of foreign financial accounts can face a lowered bar as to what constitutes willful criminal behavior.

Key Points: 
  • IRVINE, Calif., March 9, 2021 /PRNewswire/ --Defendants faced with criminal prosecution for non-disclosure of foreign financial accounts can face a lowered bar as to what constitutes willful criminal behavior.
  • Generally, a jury must be convinced beyond a reasonable doubt that the defendant's willful blindness or other acts were to preserve ignorance of the law.
  • The penalties assessed for a violation largely depend on the frequency of the violation and the amount of income that went unreported.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/non-disclosure-of-foreign-financ...
    SOURCE Tax Law Offices of David W. Klasing, PC

SILO Compliance and BDO Cayman Sign Strategic Joint Venture Agreement

Retrieved on: 
Tuesday, March 9, 2021
Tax, Offshore finance, Financial regulation, Tax evasion, Tax avoidance, Money laundering, Terrorism, Cayman Islands, Regulatory compliance

GEORGE TOWN, Cayman Islands, March 9, 2021 /PRNewswire/ --SILO Compliance, a leading anti-money laundering ("AML") regulatory technology developer headquartered in the Cayman Islands, today announced that it has entered into a joint venture with BDO Cayman, a member of the global BDO network of assurance, tax and financial advisory services companies.

Key Points: 
  • GEORGE TOWN, Cayman Islands, March 9, 2021 /PRNewswire/ --SILO Compliance, a leading anti-money laundering ("AML") regulatory technology developer headquartered in the Cayman Islands, today announced that it has entered into a joint venture with BDO Cayman, a member of the global BDO network of assurance, tax and financial advisory services companies.
  • As part of the deal, BDO Cayman will acquire a significant equity interest in SILO.
  • Glen Trenouth, managing partner of BDO Cayman, added: "SILO Compliance System is exactly the user-friendly and affordable AML compliance solution that we have heard AML-regulated firms and clients have been seeking.
  • Cayman Islands-based SILO Compliance Ltd is a leader in the development of anti-money laundering data management and reporting technology.

SILO Compliance and BDO Cayman Sign Strategic Joint Venture Agreement

Retrieved on: 
Tuesday, March 9, 2021
Tax, Offshore finance, Financial regulation, Tax evasion, Tax avoidance, Money laundering, Terrorism, Cayman Islands, Regulatory compliance

GEORGE TOWN, Cayman Islands, March 9, 2021 /PRNewswire/ --SILO Compliance, a leading anti-money laundering ("AML") regulatory technology developer headquartered in the Cayman Islands, today announced that it has entered into a joint venture with BDO Cayman, a member of the global BDO network of assurance, tax and financial advisory services companies.

Key Points: 
  • GEORGE TOWN, Cayman Islands, March 9, 2021 /PRNewswire/ --SILO Compliance, a leading anti-money laundering ("AML") regulatory technology developer headquartered in the Cayman Islands, today announced that it has entered into a joint venture with BDO Cayman, a member of the global BDO network of assurance, tax and financial advisory services companies.
  • As part of the deal, BDO Cayman will acquire a significant equity interest in SILO.
  • Glen Trenouth, managing partner of BDO Cayman, added: "SILO Compliance System is exactly the user-friendly and affordable AML compliance solution that we have heard AML-regulated firms and clients have been seeking.
  • Cayman Islands-based SILO Compliance Ltd is a leader in the development of anti-money laundering data management and reporting technology.

Press release - Delay is over: Work begins to shine spotlight on where companies pay their taxes

Retrieved on: 
Friday, March 5, 2021
International taxation, Evelyn Regner, Tax, Tax avoidance, Corporate tax avoidance, World economy, Offshore magic circle, Economy

Evelyn Regner said:

Key Points: 
  • Evelyn Regner said:

    This is a breakthrough for tax fairness in the EU.

  • Public country-by-country reporting will oblige multinational companies to be financially transparent about where they make profits and where they pay taxes.
  • This will provide the public and tax authorities with more visibility on what taxes are being paid where.
  • On 24 October 2019, MEPs passed a strong resolution urgently calling on the member states to break the deadlock and enter inter-institutional negotiations.

Aibidia™ Launches "Live in Five" Digital Transfer Pricing Challenge

Retrieved on: 
Wednesday, March 3, 2021
Competition, Pricing, International taxation, Tax avoidance, Transfer pricing, Cloud computing, Economy, Articles

HELSINKI, March 3, 2021 /PRNewswire/ -- In response to OECD and other government initiatives around digital transfer pricing, Aibidia has launched its "Live in Five Challenge," designed to help organizations realize the full potential of cloud-based transfer pricing in just five days.

Key Points: 
  • HELSINKI, March 3, 2021 /PRNewswire/ -- In response to OECD and other government initiatives around digital transfer pricing, Aibidia has launched its "Live in Five Challenge," designed to help organizations realize the full potential of cloud-based transfer pricing in just five days.
  • Underpinned by Aibidia's powerful digital transfer pricing software, customers will gain centralized and structured data, automation that creates tax-authority-ready documentation in just one click, and advanced analytics to enable unprecedented visibility to global transaction flows and value chain positions.
  • We engineered the Aibidia platform to enable an 'IT-free' onboarding, so tax teams quickly realize the true benefits of digital transfer pricing a shift in focus to value creation and insight," said Hannu-Tapani Leppnen, CEO and Founder of Aibidia.
  • "Our new Transfer Pricing 'Live in Five Challenge' combines our deep expertise with the incredible power of our software platform.