Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

Offshore firms challenge Cayman's production of records to Australia under TIEA for tax evasion investigation

September 19, 2012 by David Marchant


  • Offshore firms claim Cayman Islands Tax Information Authority acted illegally when providing information to Australian Taxation Authority
  • Dispute concerns investigation into suspected tax evasion by Switzerland-based financial adviser Peter Borgas
Three offshore companies domiciled in the Cayman Islands and the Bahamas yesterday filed a legal challenge to a decision by the Cayman Islands Tax Information Authority to provide "confidential information" to the Australian Taxation Authority pursuant to a Tax Information Exchange Agreement between the two countries.

Please Subscribe to read this article or Sign In

The Best Offshore Reporting

For Less Than $2 per Day


per Month


The NEW OffshoreAlert Daily

Investigative Financial News

The sooner you learn of news that affects your business or assets, the quicker you can react. Our proprietary news and investigations will help you make better decisions in the cut-throat world of international finance.

  • Breaking News Affecting Offshore Financial Centers
  • Largest Searchable Database of Offshore Information
  • Blogs by Leading Industry Practitioners
  • Intelligence Not Available Anywhere Else



OffshoreAlert encourages lively, open debate and asks that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.


Text Only 2000 character limit
Greenberg & Co BVI Meta Data Ad

OffshoreConnect Free Sign Up

Stay informed & connected

  • Free Email Alerts on Breaking News
  • Free Access to Blogs by Industry Leaders
  • Free Contribute to Due Diligence Forums
Nicolaas Faure & Drake Fund Advisors - An embarrassment to the BVI
David Marchant
The measure of any person or business is not whether they become involved in controversy but the actions they take when such controversy occurs.Within hours of OffshoreAlert exposing Belvedere Management Group as a "massive criminal financial enterprise" on March 17th,