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updated Thu. March 8, 2018

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Elena Gaita, member of anti-corruption watchdog Transparency International EU, told Reuters: "This ever-decreasing list of tax havens will soon be so short it will be able to fit on a post-it. "It's time for the EU to publish how it chooses which countries go on the list and why," she said. The US Treasury ...
(REUTERS) - European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows. The planned removals from the EU list drew criticism from an anti-corruption watchdog on Tuesday.

A bill to extend the life of a sometimes-controversial program that has created hundreds of tax havens for businesses in Maine is gaining traction in the Legislature. The measure, which keeps Pine Tree Development Zones in place for at least the next three years, was endorsed Tuesday by the Labor, ...
Two Oregon tax bills responding to recent federal tax changes are headed to the governor after passage in the final hours of the 2018 legislative session. S.B. 1529 not only would repeal the state tax haven statute, but it also addresses a "quirk" in Oregon law that would trigger an estimated $100 million ...
Canadian Cannabis Producers Receive Millions From Offshore Tax Havens ... Tax-haven investment sources--or funding from a country that offers foreign individuals and businesses a minimal tax liability with little or no financial information shared with foreign tax authorities (like the IRS)--are nothing new for a major ...

European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows. The planned removals from the EU list drew criticism from an anti-corruption watchdog on Tuesday. The decision is also ...
From the Swedish side, money sent to those tax havens will be treated with more scrutiny from now on. "We've given Skatteverket resources to work against international tax evasion, but what we're doing now is saying that they should specifically increase screening of the countries that are on the list.
If there is one group of people you might think would be celebrating the rise of Jeremy Corbyn, surely it is estate agents in tax havens. With Labour floating the idea of land taxes and wealth taxes -- John McDonnell has spoken approvingly in the past of a tax of 20 per cent on the assets of the rich -- surely ...
Typically, conduit companies are set up in these OFCs and multinational transactions between two high-tax jurisdictions are routed through these companies. As a result, a major share of the profits gets reported in the tax haven. Shell companies registered in the tax havens are also used to hide the real ...
"Secrecy World" author Jake Bernstein explains how the super-wealthy hide billions using tax havens and shell companies. Following is a transcript of the video. In 2016, 11.5 million files ... How did this tiny area become such a huge tax haven? Mossack Fonseca is a Panama based law firm founded in ...
Several MPs demanded that British territories - former colonies, some of which have become major tax havens - be forced to publish registers of the beneficial, or true, owners of offshore companies. The UK introduced its own public register of beneficial company owners in 2016, and has promised to ...
That's the question at the heart of the controversy over offshore tax havens, whereby mostly wealthy individuals structure their financial affairs to minimize their tax burdens. It's a different question than issues around tax evasion--a black-and-white issue where the laws prohibiting it should be properly ...
On October 17, 2008, during the throes of the global financial crisis, officials from the U.S. Department of Justice summoned Swiss banking regulators and executives from UBS, Switzerland's largest bank, to a closed-door meeting in New York to discuss the bank's role in helping American clients evade ...
Cyril Ramaphosa, South Africa's New President, Known for Moving Profits to Offshore tax havens. StoryFebruary 16, 2018. Watch icon Watch Full Show · Watch icon Watch Full Show. Error loading player: No playable sources found. Listen. Media Options. Listen ...
... on the EU's first-ever tax haven blacklist. Drawn up in the wake of the Panama Papers leak, the so-called Code of Conduct group's list was praised for its robust pursuit of tax cheaters, but also widely criticised for failing to apply its criteria to its own states which have some of the world's worst tax havens.

Countless trillions of dollars are stashed in scores of tax havens worldwide - black holes of hidden wealth, much of it ill-gotten. Largely tax-free, they're controlled by Wall Street and other powerful financial interests, part of a global tax injustice system, governments complicit with super-wealthy individuals ...
As ICT Business/Antonio Jularić writes on the 15th of February, 2018, the International Tax Justice Network has announced the results of a new survey of the "Financial secrets Index 2018", which revealed which country helps the wealthy to hide property and avoid paying taxes the most, the survey covered ...
Canadian money in tax havens has ballooned to an all-time high -- an estimated $185 billion in 2013. Almost $63 billion of that is in the popular tax haven of Barbados -- an island paradise that is one-tenth the size of PEI, where the premiers are enjoying their late summer gathering. CANADIAN ...
US Senator Sheldon Whitehouse didn't hold back when talking about America's role as laundering the world's dirty money on Tuesday, Feb 6. "Our European partners are doing their part to combat crime facilitated by shell corporations. If we don't soon follow suit, I fear we will risk losing our place as that ...
Tunisia RAGES at EU: Putting nation on tax haven blacklist 'TARNISHED' image .... press conference with the bloc's foreign policy chief Federica Mogherini in Brussels: "Tunisia's inclusion on the blacklist of tax havens [in December] was unfair because it was a unilateral decision made by the EU alone.
Global shipping Business Tied to Mitch Mcconnell, Secretary Elaine Chao Shrouded in Offshore tax haven ... to have come at the expense of taxpayers -- the money, it turns out, would already have been in the public treasury had it not been sheltered from the government in complex offshore tax havens.
During the hearing Wiese was asked by MPs whether he had any companies in tax havens and he replied that he did not as he understood the question to be whether he had companies in tax havens that benefited from a tax-haven status. "On my return to office, my financial officer reminded me that I do ...
Abu Dhabi, Jan 23 2018 (WAM) - The Ministry of finance has welcomed the European Union's decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the State has been adhering to, and will continue to do so, locally and internationally. Younis Haji Al Khoori, ...
Paschal Donohoe was forced to defend Ireland against accusations of being a "bad player that steals jobs and revenue from other countries" during a debate on taxation in Davos yesterday. Joseph Stiglitz, a Nobel prizewinning economist, said that Ireland was one of the countries leading the "race to the ...
Thirty-Seven Slovak companies are currently operating in tax havens on the EU black list which features tax havens outside the EU, according to data published by Bisnode. All the parent companies of the Slovak businesses are located in only one country out of the nine on the list - the Marshall Islands.
The Tunisian Ministry of Foreign Affairs has announced that the Ministers' Economic and Financial Affairs Council of the European Union has removed Tunisia from the list of non-cooperative countries on taxes. In a statement issued yesterday the ministry expressed its satisfaction with the decision, "which ...
European Union finance ministers agreed on Tuesday to remove eight jurisdictions, including much-criticised Panama, from the bloc's blacklist of tax havens, one month after the list was set up. The decision prompted an outcry from lawmakers and activists. Barbados, Grenada, South Korea, Macao, ...
Fair tax campaigners reacted with dismay when the list was introduced late last year because of its narrow scope and omission of a number of notorious tax havens, including British overseas territories. On Tuesday, NGOs further hit out at the decision. "The EU is rushing to take countries off the blacklist ...
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 ...
A quarter of property in England and Wales owned by overseas firms is held by entities registered in the British Virgin Islands, BBC analysis has found. The Caribbean archipelago is the official home of companies that own 23,000 properties - more than any other country. They are owned by 11,700 firms ...


 

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