Latest News for: Offshore tax center

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Tax evasion, hell (sometimes) with good intentions

Swords Today 21 Oct 2021
Early October, publication Pandora Papers Public opinion was once again shocked by the revelation that some of the richest and most powerful people in the world, including top officials, used offshore companies and tax centers to hide their wealth and avoid paying taxes on their components.
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Taxes: We can do better

Citrus County Chronicle 17 Oct 2021
The president declares, “It’s all paid for.” And yet, there’s a new tax plan at the ready ... In 1913, Congress and President Grover Cleveland passed the Sixteenth Amendment, allowing direct taxes on income ... Tax increases on the rest of us pay for that ... To avoid that, trillions are kept in offshore financial centers.
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Understanding Offshore Accounts

MENA FN 05 Oct 2021
(MENAFN - Newsroom Panama) � AFP - Whether on sunny islands or in less exotic lands, the financial arrangements through tax-advantaged companies (offshore ) revealed by the Pandora Papers are at the center... .
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Financial secrecy laws in South Dakota have made the state THE spot for foreigners who ...

The Daily Mail 04 Oct 2021
The state of South Dakota has joined the likes of familiar offshore tax havens, including the British Virgin Islands, Seychelles, Hong Kong and Belize with South Dakota trusts quadrupling in size in the space of ten years to $360 billion ... government when assets are stashed in offshore financial centers to avoid American taxes.
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New tool reveals ultimate owners of companies

Technology Org 29 Sep 2021
With responsible investing gaining popularity, even as major nations seek ways to counter tax evasion in offshore financial centers and put unwanted individuals and companies on designated persons lists to deter business with them, the problem of revealing the ultimate ...
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Chinese Men In Military Uniform At Sri Lankan Dredging Site Continue To Evoke Furor

The Tennessee Tribune 05 Jul 2021
Wearing or even having a military uniform when not serving in the military is a punishable offense, as per Sri Lankan law ... Amid criticism from opposition parties, Sri Lanka unveiled a contentious draft law for a Colombo Port City Commission, which allows for sweeping tax breaks, tax-free salaries, and be an offshore financial center ... ....
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Momentum builds for a global minimum tax

Times Free Press 09 Jun 2021
The idea has been under discussion for years, but the Biden Administration's move toward the center allowed a consensus to emerge on a plan to address offshore corporate tax dodging and the disparity in taxation of digital commerce ... The US Treasury Department says the moves cost Americans $100 billion per year in lost tax revenue.
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Governor Pritzker to Low-Income Students and Families: Loopholes for Me, but Not for Thee

National Review 27 May 2021
In less than a full term, Pritzker has been at the center of multiple tax-avoidance scandals, including trimming his income taxes through offshore accounts and ripping toilets out of one of his mansions to lower his property taxes in what a local inspector general called “a scheme to defraud” taxpayers ... Arizona’s Tax Disaster.
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Switzerland Wealth Management Market Report-Analysis by Industry Share, Types, Region and Overview 2025

The Sentinel Newspaper 29 Apr 2021
It profiles HNW investors in terms of their demographics, examines the allocation of HNW investors’ portfolios, analyzes their propensity to invest offshore, and explores their product and service demand ... OFFSHORE INVESTMENT DRIVERS AND MOTIVATORS ... Offshore booking centers are either geographically close or tax havens.
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Switzerland Wealth Management Market Report-Industry Share, Types, Region and Overview 2025

The Sentinel Newspaper 28 Apr 2021
It profiles HNW investors in terms of their demographics, examines the allocation of HNW investors’ portfolios, analyzes their propensity to invest offshore, and explores their product and service demand ... OFFSHORE INVESTMENT DRIVERS AND MOTIVATORS ... Offshore booking centers are either geographically close or tax havens.
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Column: The race to the bottom

Dispatch Argus 08 Apr 2021
At the bottom of their income statements they’ve done the same with tax expenses, by offshoring their profits to low-tax ... As we’ve written, about a third of foreign direct investment in the decade through 2018 went through just seven offshore centers used for tax minimization.
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David Fickling: Yellen’s global tax plan is a China trade war-level fight

The Mercury 07 Apr 2021
At the bottom of their income statements they’ve done the same with tax expenses, by offshoring their profits to low-tax ... As we’ve written, about a third of foreign direct investment in the decade through 2018 went through just seven offshore centers used for tax minimization.
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Tax the rich: Will Biden make good on his campaign promise?

Al Jazeera 22 Mar 2021
international tax structure ... Republicans warn that higher taxes will hold back the recovery ... A National Bureau of Economic Research working paper this month separately indicated that random IRS audits are missing most tax evasion through offshore centers and pass-through businesses such as partnerships and limited-liability firms.
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Biden determined to tax rich after windfalls during the crisis

Live Mint 22 Mar 2021
Penalties likely on not completing these PPF, NPS, tax-related tasks by 31 March ... international tax structure ... A National Bureau of Economic Research working paper this month separately indicated that random IRS audits are missing most tax evasion through offshore centers and pass-through businesses such as partnerships and limited-liability firms.
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UAE now among world’s top ten tax havens: NGO

The Manila Times 10 Mar 2021
The UAE has entered the world’s top ten tax havens for ... The news highlighted “the UAE’s growing role as the offshore financial center of choice for multinational corporations,” Tax Justice Network’s Mark Bou Mansour wrote on the NGO’s website.
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