In 1789, Benjamin Franklin was quoted, “in this world nothing can be said to be certain, except death and taxes.” However, many companies and individuals managed to elude paying taxes before their secrets were leaked in the Paradise Papers. Like many offshore firms, Appleby had offices in the Channel Islands and the Isle of Man, which…
DetailsThe Paradise Papers have highlighted that private jet owners have been bypassing VAT on purchasing their aircraft. Importing aircraft through the EU and shell companies in the British Virgin Islands, the Isle of Man and Guernsey has enabled owners to avoid paying millions of pounds worth of tax. However, aviation and tax experts maintain there…
DetailsPanorama’s exposé of the Paradise Papers has uncovered the the tax affairs of many influential and wealthy individuals. However, tax experts are quick to clarify that not all the deals are illegal. Mark Davies highlights that there are some cases of “tax evasion” and other cases involving “tax avoidance”. Tax evasion is “dodging tax that…
DetailsFinally, the day has arrived! In just a couple of hours, the City’s heavyweights will be assembling to discuss the hottest topics at the Spear’s Wealth Insight Forum 2017. They will cover every aspect from geopolitics to property, from private client wealth to luxury, from tax and trust to second citizenship. The debate will conclude with…
DetailsSpear’s Magazine have chosen Priya Dutta as a Rising Star in their Tax Accountants category. Priya is a senior tax manager at Mark Davies & Associates, having joined the boutique advisory firm in February 2017. She provides comprehensive and in-depth advice on domicile, residency, overseas trusts and personal tax issues, ranging from investing in UK…
DetailsMark Davies has been named as one of Britain’s Top 50 Tax Advisers by Spear’s Magazine. In the Editor’s Pick, Mark considers tax as ‘a game with ever-changing rules.’ He feels that the recent bad press surrounding the Panama Paper’s leak is ‘misplaced,’ which has led to legitimate structures used for tax efficiency to be…
Details
