The ongoing Finance Indaba in Johannesburg demonstrates that there remains significant interest in investment in Africa beyond the mining and natural resources sectors...

The Panama Papers represent a leak of some 11.5 million files from a Panamanian based advisory firm, Mossack Fonseca.

Guernsey is a prestigious financial services centre, according to wealth management practitioners at this year's STEP conference in South Africa.

The release of the Panama Papers has once again shone the spotlight on the offshore finance industry and many have commented and criticised.

Now that most applicants who sought amnesty under the Amnesty Act (or, to give it its full name, The Exchange Control Amnesty and Amendment of Taxation Laws Act No. 12 of 2003) have received their amnesty approvals, many will be turning their attention to the tax-efficiency of their offshore structures, which would also be viewed in conjunction with the costs of maintaining them

Having attended a number of Outsourcing and Offshoring conferences lately, the most frequently asked question we hear is, "What is the next strategic location?" Someone will offer "Costa Rica," another chimes in "South Africa." Stepping back for a moment, it is important to appreciate how remarkable it is that we can even ask this question.

The CRS require the trustees to identify the settlor, beneficiaries and other natural persons exercising ultimate effective control and report the necessary financial information to the relevant foreign revenue authority.

The Foreign Account Tax Compliance Act (FATCA) was enacted in 2010 by the US to target non-compliance by US taxpayers using foreign accounts.