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updated Mon. January 22, 2018

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The decision appears to clash with Sinn Fein's recent rhetoric on the subject. For example, a press release from MEP Matt Carthy in October referred in its headline to the "Irish state's tax haven activities". And a statement from him in December dismissed as a "whitewash" a list of tax havens which had just ...
If Polar explorer Craig Mathieson became Chancellor of the Exchequer, he would throw all the accountants who set up offshore tax havens into prison - and chuck away the key. Mathieson, who worked as an accountant before he became a full-time explorer, thinks those experts who help individuals and ...

The St Lucia government stated it expects to join fellow Caribbean Community (CARICOM) neighbours, Barbados and Grenada, in being removed from a new list of global tax havens by the European Union. The EU has signalled its intention to remove the CARICOM countries after they submitted plans to ...
TheParadise Papers made for riveting reading when they spilled into public view this fall, a huge cache of secret documents offering a rare glimpse into the hidden world of offshore tax havens. Here was Nike registering its iconic Swoosh trademark in Bermuda, and Uber stashing the rights to its ride-hailing ...
The New Brunswick government is looking at a proposal to require corporations in the province to reveal who their owners are. It's part of an initiative pushed by the federal government in the wake of recent controversies about offshore tax havens. In December, federal finance Minister Bill Morneau and all ...
EU to remove UAE, Tunisia from tax haven list ... Brussels, Jan 18 (KUNA) -- EU finance ministers during their meeting in Brussels next Tuesday are expected to remove eight of the 17 jurisdictions which the EU had listed last December as tax havens. EU sources told journalists Thursday that Barbados, ...

Furthermore, the EU was criticised for not considering whether or not its own members should be amongst those on the list, with the European Commissioner for Economic and Financial Affairs, Pierre Moscovici, admitting that it was "unquestionable" that tax havens exist within the EU. The British Overseas ...
The eight countries to be struck from the EU tax haven list include Panama, South Korea, United Arab Emirates, Tunisia, Mongolia, Macau, Grenada and Barbados. However, Trinidad and Tobago along with Saint Lucia, Bahrain, Guam, the Marshall Islands, Palau, Samoa, American Samoa and Namibia ...
... United States of America are missing." He added that the new list "undermines the EU's credibility that member states were only able to agree on a whitewashed blacklist of tax havens." CARICOM slammed the EU, saying that it was "arbitrary and punitive" to list four of its member states on its tax haven list.
Brussels - The European Union's top tax official is urging member states to make public any commitments given by non-EU countries wanting to get off the bloc's blacklist of suspected tax havens. Continue Reading Below. In December, 17 countries were put on an EU blacklist accused of offering unfair ...
An EU official said that the bloc's finance ministers would pare down the list at talks next week, satisfied that the countries had made commitments to tax reform that Brussels will monitor. "Barring a major surprise, EU finance ministers should remove eight countries from the blacklist of tax havens," the official ...
EU finance ministers will remove eight countries, including Panama, from the bloc's tax haven blacklist after the nations made commitments to improving their tax policies. The move from the blacklist to the so-called graylist will be made official during a silent procedure at next Tuesday's Economic and ...
In it the European Parliament notes with "regret" that the latest EU tax haven blacklist focuses only on non-EU jurisdictions and omits "countries within the EU ... However, a politically sensitive amendment explicitly naming Ireland, Luxembourg, Malta and the Netherlands as "EU tax havens" was not adopted ...
Real change will only come if both domestic tax laws and regulations are changed and the countries that are seldom portrayed as tax havens--despite hiding billions in assets--are also included. Otherwise, countries like Canada, U.S., and EU member states are simply advocating for a tax-haven double ...
Congress has gotten its act together and made America competitive again. The recently-passed tax reduction package for families and Corporations will have a lasting benefit for American workers, the middle class and the American economy for years to come. Some of the benefits are being seen ...
Given that Gibraltar - a UK overseas territory, and reported tax haven - will now fall under the same scrutiny as other members of the EU, the UK should ensure that the rest of its overseas territories follow suit and introduce public registers of beneficial ownership. Poor countries lose an estimated $170bn a ...
The EU's 'black' and 'greylist' of tax havens on 5 December may have been an attempt by finance ministers to prove their toughness in clamping down on tax evasion and avoidance, but to many it merely increased the international community's divide on tax. On 13 December, Mongolian foreign minister ...

These four jurisdictions were previously highlighted by the Organization for Economic Co-operation and Development (OECD) as being "uncooperative tax havens." However, the OECD removed them from the list after they committed to implementing the OECD's standards of transparency and exchange of ...
Windhoek - Namibia on Wednesday criticised its listing on a new European Union blacklist of tax havens as unjust and biased, blaming the status on missing a deadline to comply. Namibia is the only sub-Saharan African country named in a 17-nation list of non-EU tax havens. "Namibia is clearly, by any ...
Michael Gove has demanded a crackdown on fat cat water company bosses using offshore tax havens while cashing in on their monopoly position -- warning that legislation could follow unless they start to behave "in a responsible fashion". In an interview with The Sunday Times, the environment secretary ...
Demands to open up Britain's shady network of overseas tax havens are set to be used by the EU as leverage to force concessions during Brexit trade talks, The Independent understands. European Council members will soon review whether British territories previously left off a Brussels tax haven blacklist ...
According to the report, Spanish courts have managed to track and freeze several bank accounts used launder the profits from the criminal activities in tax havens such as Andorra, Switzerland, Macau, the Bahamas and Luxembourg. On such accounts, the newspaper claims to have caught around 6 million ...
Mr. Trump's success at getting tax reform (or a "tax cut") through Congress is touted as a real accomplishment by his administration. Reducing the top individual rate from 39 percent to 35 percent is supposed to be good news to "the wealthy". Currently, there are more than 138 "tax havens" around the globe ...
Congress has gotten its act together and made America competitive again. The recently-passed tax reduction package for families and corporations will have a lasting benefit for American workers, the middle class and the American economy for years to come. Some of the benefits are being seen ...
U.S. Treasury Secretary Steven Mnuchin meets Minister of finance Moshe Kahlon at the David Citadel Hotel, Jerusalem, October 27, 2017. Matty Stern/U.S. Embassy Tel Avi. Opinion We've won Jerusalem but could lose Startup Nation · U.S.-Israeli businessman offers to buy debt-ridden Eurocom, which ...
The UK will never be granted a free trade agreement with the European Union if it seeks to take advantage of Brexit by setting itself up as an offshore tax haven for businesses and the wealthy, the EU economic affairs commissioner has warned. Pierre Moscovici also warned that UK tax jurisdictions such as ...
Following the release of the infamous Paradise Papers, which revealed tax havens across the world used by high-profile public figures - from politicians to rock stars - the European Union blacklisted 17 countries for allegedly failing to meet its standards. However, a number of the EU's own partners, ...
Given that Gibraltar - a UK overseas territory, and reported tax haven - will now fall under the same scrutiny as other members of the EU, the UK should ensure that the rest of its overseas territories follow suit and introduce public registers of beneficial ownership. Poor countries lose an estimated $170bn a ...
The new GOP tax reform bill could put the island at risk of losing its designation as a "tax haven," forcing foreign businesses to leave due to higher tax penalties. The final draft, which received approval from the House and Senate on Wednesday, clearing the way for President Donald Trump to sign in early ...
After intense negotiations, EU member states point their finger at 17 tax havens in a somewhat succinct blacklist that disappointed officials, MEPs and transparency activists. 17 countries have been labelled as "non-cooperative" by the EU's ministers of finance and economy on 5 December. Forty-seven more countries, ...
Malta, the Netherlands, Luxembourg and Ireland cannot be considered as tax havens, the European Parliament agreed on Wednesday (13 ... The parliament backed a common international definition of what constitutes a tax haven, an offshore financial centre, secrecy haven, non-cooperative tax ...
tax havens But it's important to realize that there's also a moral argument for tax havens. (FEE). The late Mancur Olson was a very accomplished academic economist who described the unfortunate tendency of vote-seeking governments to behave like "stationary bandits," seeking to extract the maximum ...
More recently, the Justice and peace Commission for Southern African Catholic bishops Conference (SACBC) wrote a letter to 21 mining companies operating in South Africa, asking each one of them to explain why it uses tax havens, also known as secrecy jurisdictions, to house the bulk of its finances.
After months of intense negotiations, the 28 EU finance ministers finally published their much-awaited blacklist of tax havens this week. And it landed like a damp squib. Out of the 17 countries on the list, not a single one is European. They include Panama, Barbados, South Korea, Mongolia, United Arab Emirates, Tunisia, ...
The European Parliament's socialists (S&D group) want to add the Netherlands, Ireland, Luxembourg and Malta to the EU's tax havens blacklist during a vote on the report by the committee of inquiry on tax evasion next Tuesday (12 December). EURACTIV France reports. Set up a year ago, the European ...
tax haven 'grey list' claims are dismissed. News | Published: 14 hours ago. CLAIMS that Jersey has been placed on a 'grey-list' of so-called tax havens along with another 40 jurisdictions have been dismissed by the Island's government.
the Panama Papers. Namibia has slammed 'unjust' listing on EU tax haven blacklist. PHOTO | FILE | AFP. Advertisement. By AFP More by this Author. WINDHOEK,. Namibia has criticised its listing on a new European Union blacklist of tax havens as unjust and biased, blaming the status on missing a ...
It was certainly an improvement on the list recently published by the Organisation for Economic Co-operation and Development, which featured only one name - Trinidad & Tobago - but campaigners believe the European Union has much more to do if it is to prove it is serious about addressing tax havens.
The European Union's decision to put South Korea on its tax haven blacklist has irritated Asia's fourth-largest economy. The charity Oxfam has also expressed its ... The tax haven blacklist, published by the Council of the European Union on Tuesday, contains 17 countries. Among them are is the Caribbean ...
But the EU blacklist is a wasted opportunity because there are things the international community can do. tax havens should, for example, be offered favourable financial grants by the EU and other countries to rebuild their economies and become hubs for new industries, and research and development.
Hence, closing down tax haven islands, without removing the demand for their services, may shift tax competition among large countries with even ... are part of a new literature on tax havens that tries to make sense of the empirical data that show the high demand by global firms for tax haven services.
After intense negotiations, EU member states point their finger at 17 tax havens in a somewhat succinct blacklist that disappointed officials, MEPs and transparency activists. EURACTIV France reports. 17 countries have been labelled as "non-cooperative" by the EU's ministers of finance and economy on ...
"It is disturbing to see mostly small countries on the EU blacklist, while the most notorious tax havens - UK-linked places such as Bermuda, the Cayman Islands, Jersey and the Virgin Islands - escape with a place on the 'grey list,'" said Oli Pearce of Oxfam, according to the BBC. "Although we recognise this ...
The European Union has released a blacklist of 17 countries, including the United Arab Emirates (UAE), Bahrain and Tunisia, which it says are tax havens. The bloc said on Tuesday that the countries the list, made public after months of screening of tax policies, were not doing enough to deal with offshore ...
The EU published its first "blacklist" of 17 tax havens on Tuesday, alongside a "greylist" of 47 jurisdictions. The EU is calling on countries with non-transparent tax regimes and structures solely designed to shield companies' profits from tax to reform their systems. The EU failed to agree on any financial ...
European Union finance ministers have adopted a blacklist of 17 jurisdictions deemed as tax havens, in an unprecedented step to counter worldwide tax avoidance. However, the ministers did not agree on financial levies for the listed countries. To discourage the use of shell structures abroad - which in ...
Following 10 months of investigations, the European Union has released a list of 17 countries, or overseas colonies, it deems as being tax havens. ... The main criteria for being outed as a tax haven was based on whether a country affords preferential treatment to businesses to transfer their profits in order ...
Pierre Moscovici, Commissioner for Economic and Financial Affairs, taxation and Customs, said: "The adoption of the first ever EU blacklist of tax havens marks a key victory for transparency and fairness," said Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs.
Panama, shaken badly last year by the "Panama Papers" revelations, on Tuesday reacted angrily to its inclusion on a new European Union blacklist of tax havens. "This is a regrettable decision," President Juan Carlos Varela told reporters. "We feel this is an unfair measure," he added. The country's ...


 

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