News & Analysis as of

Offshore Funds Coronavirus/COVID-19

Oberheiden P.C.

Eleven of the IRS's Enforcement Priorities During the 2021 Tax Season

Oberheiden P.C. on

It is tax season once again. While the Internal Revenue Service (IRS) has extended this year’s filing deadline to May 17, 2021 for individuals, businesses must still file by April 15, and all U.S. taxpayers must ensure that...more

Robins Kaplan LLP

Financial Daily Dose 3.12.2021 | Top Story: Jobless Claims Dip But Still Bolster Case for Newly Signed Covid Relief Package

Robins Kaplan LLP on

Thursday’s weekly unemployment report managed to pull double duty—marking another decrease in the still-high figures (roughly 709k new jobless claims last week, about 47k fewer than the week before) that suggests some cause...more

Barnea Jaffa Lande & Co.

Cayman Islands Removed from EU “Non-Cooperative Tax Jurisdiction” Blacklist

Barnea Jaffa Lande & Co. on

In late March 2020, we published a note regarding the de-facto “downgrade” of the Cayman Islands by the European Union’s Economic and Financial Affairs Council (ECOFIN) as a “non-cooperative jurisdiction” for tax purposes....more

Pillsbury Winthrop Shaw Pittman LLP

Selling an Offshore Captive/Global Innovation Center in India

Many companies will consider selling their offshore captives/GICs in the wake of COVID-19, especially those in industries hard hit by the pandemic. Large outsourcing vendors are interested in acquiring offshore...more

Dechert LLP

COVID-19: UK Tax Residence Risks for Offshore Funds and Related Entities

Dechert LLP on

Non-UK resident companies play a variety of roles in fund structures managed by UK based asset managers. They are commonly used as the fund vehicle itself, as the general partner of a limited partnership fund vehicle, and/or...more

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