tax havens

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 ...