• Top 10 Offshore Tax Havens You Can Still Stash Your Cash

    Get more Tips here! www.destinationtips.com Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts. Here is a list of the top 10 Biggest Tax Havens in the World. (Ranking is based on a combination of its secrecy score and scale weighting) #10 United Arab Emirates One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement. A large slice of the inbound money comes in the form gold. Secrecy Score: 77% Tax Haven Status: Tiny #9 Bahrain An island of hospitality to banks and businesse...

    published: 26 Apr 2016
  • Hypocrisy USA: The Country's Role as a Money Laundering Center & Offshore Tax Haven - Miami 2016

    The United States routinely takes the moral high ground when accusing offshore jurisdictions of facilitating money laundering and tax evasion to the detriment of the world's major countries and the global economy in general. But is it a case of the pot calling the kettle black? This session will look at the involvement of the USA, its banks, attorneys, corporate agents, realtors and others in providing services to money launderers and tax evaders, contributing to property booms in cities like New York and Miami and economic booms in states like Delaware and Nevada. Evidence provided will include a hidden-camera investigation by Global Witness into whether attorneys in New York were prepared to set up anonymous accounts to conceal the identity of a prospective client who they were led to ...

    published: 05 May 2016
  • Paradise Papers Expose “Cleverest Ways of Exploiting” Offshore Tax Havens by GOP & Democratic Donors

    https://democracynow.org - Examining the Paradise Papers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly sever...

    published: 08 Nov 2017
  • Offshore Bank Account | Be Careful Where You Open It

    http://www.offshorecompanyregistration.ae/offshore-banking/offshore-bank-account Offshore bank account: Advantages, where to open, fund transfers, presence required Offshore bank account: Advantages 1. If you are residing in a country that does not have a freely convertible currency an offshore account allows easy travel. 2. You can use your offshore account to buy property or invest in shares and mutual funds. 3. There are many offshore funds that have higher yields because they are taxed at a lower rate. In most cases they are easier to buy via offshore accounts. 4. Offshore bank accounts are generally confidential. However make sure that your offshore tax haven hasn’t entered into a Tax Information Exchange Treaty (TIET) with your home country. Offshore bank account: Where to ope...

    published: 30 Dec 2014
  • How Corporations Offshore Their Profits

    As some of you might know, Google changed the structure of its corporation and is now owned by Alphabet Inc., along with Google X, Google Fiber, Google Capital and a few more. While i am not aware of all legal details, it should now be easier for Google Inc. to maintain the structures shown in the video. https://en.wikipedia.org/wiki/Alphabet_Inc. ___________________________ Gabriel Zucman. Taxing across Borders: Tracking Personal Wealth and Corporate Profits. Journal of Economic Perspectives Vol. 28, Nr. 4, Fall 2014 (121–148) http://gabriel-zucman.eu/files/Zucman2014JEP.pdf The Price of Offshore revisited, New estimates for missing global private wealth, income, inequality and lost taxes, 2012 http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore_Revisited_120722.pdf [GERMAN] Dr....

    published: 05 Jul 2015
  • Mini Law School - Invisible Riches: Offshore Tax Evasion and the Global Crackdown

    Recent studies of international banking data suggest that a staggering amount of global financial wealth (between $US 10 and 20 trillion) is held in "offshore financial centres" or "tax havens", with over $US 5 trillion of such financial wealth being unreported or unidentified. This is despite the fact that governments and international organizations, including the OECD and G20, have aggressively targeted offshore tax evasion since the 2008 financial crisis, with the G20 declaring in 2009 that "the era of banking secrecy is over". In this lecture we will explore the following questions: * What is the nature of the international tax evasion problem, particularly for Canada? * How has the Canadian government enhanced our tax laws and treaty networks to stem the outflow of money? * Is th...

    published: 20 Feb 2014
  • Luxembourg Leaks: Tricks of the Trade

    For more, see: http://www.icij.org/luxleaks Video produced by ICIJ in partnership with the Pulitzer Center.

    published: 05 Nov 2014
  • What's In the New Republican Tax Bill?

    Billed as a "middle class tax cut," what's REALLY in the Republican tax bill? TYT Contributor Ryan Grim talks to Jacob Leibenluft of The Center on Budget and Policy Priorities. Full interview and Q & A! Go to https://www.TYTNetwork.com/Investigates for the full story. Like us on Facebook: https://goo.gl/d8nzTi Follow us on Twitter: https://goo.gl/NFPVKm Subscribe on YouTube: https://goo.gl/9Q7f6b

    published: 06 Nov 2017
  • Southern Poverty Law Center funnels millions into offshore bank accounts

    In their investigation, the Free Beacon looked at a bunch of the SPLC’s financial forms and found that they had accumulated $328 million in net assets in 2015, which was the most recent tax form they found for the ‘nonprofit.’ And those same financial forms showed that the SPLC had business interests in the Cayman Islands, the British Virgin Islands, and Bermuda. In other words, the ‘nonprofit’ was funneling money offshore. The Resident breaks it down. Follow The Resident at http://www.twitter.com/TheResident Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America

    published: 07 Sep 2017
  • How American companies change their address to avoid corporate taxes

    In the past three years, 22 American companies have relocated outside U.S. borders, usually through mergers with or purchases of a foreign company. That move, known as a tax inversion, means corporations are no longer subject to American corporate taxes. Jeffrey Brown learns more about the strategy and its effect on the economy from Roberton Williams of the Tax Policy Center. Subscribe on YouTube: http://bit.ly/139JZdo Watch more PBS NewsHour videos at: http://to.pbs.org/1e3qlFJ Follow us on Twitter: https://twitter.com/newshour Facebook: https://www.facebook.com/pbs.newshour Google+: https://plus.google.com/+PBSNewsHour

    published: 27 Aug 2014
  • The Future of International Financial Centres - Richard Hay

    Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres Richard Hay presents the case for the importance, and especially the trustworthiness, of International Financial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the Long Finance Spring Conference 2014. With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011 G20 Summit...

    published: 13 May 2014
  • The Panama Papers: Victims of Offshore

    The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world's rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions. Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking. Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry. This is their story. For more, go to panamapapers.icij.org EXECUTIVE PRODUCER: Hamish Boland-Rudder PRODUCER: Carrie Ching ANIMATION ARTIST: Arthur Jones REPORTER: Will Fitzgibbon NARRATOR: Eleanor Bell Fox SU...

    published: 03 Apr 2016
  • What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

    What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINANCIAL CENTRE meaning - OFFSHORE FINANCIAL CENTRE definition - OFFSHORE FINANCIAL CENTRE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. The International Monetary Fund (IMF) defines an offshore financial centre as "a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." Although informatio...

    published: 19 Apr 2017
  • Apple rejects ‘Paradise Papers’ allegations that it a bused offshore tax shelters

    Apple rejects ‘Paradise Papers’ allegations that it abused offshore tax shelters. Apple, the world’s most valuable company, finds itself once again at the center of an international controversy about the ways U.S. corporations use international tax havens to dodge their tax bills. In a detailed response to allegations published yesterday as part of the “Paradise Papers” project, Apple insisted that it pays its fair share and follows the law. “Apple believes every company has a responsibility to pay its taxes, and as the largest taxpayer in the world, Apple pays every dollar it owes in every country around the world,” the company wrote. “We’re proud of the economic contributions we make to the countries and communities where we do business.” As Apple has experienced astonishing success ov...

    published: 07 Nov 2017
  • Talking Taxes: How Should Companies Be Taxed for Offshore Profits?

    U.S. companies are holding more than $2.6 trillion in profits across the globe and they haven't paid U.S. taxes on it. Why is so much money offshore, and how could the tax code be changed to bring it back? WSJ's tax reporter Richard Rubin dives in. Photo: Heather Seidel/The Wall Street Journal Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: http://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJvideo On Snapchat Discover: http://on.wsj.com/2ratjSM

    published: 10 Aug 2017
  • Southern Poverty Law Center Transfers $Millions in Cash to Offshore Entities

    Southern Poverty Law Center Transfers $Millions in Cash to Offshore Entities The Southern Poverty Law Center (SPLC), a liberal, Alabama-based 501(c)(3) tax-exempt charitable organization that has gained prominence on the left for its "hate group" designations, pushes millions of dollars to offshore entities as part of its business dealings, records show. Additionally, the nonprofit pays lucrative six-figure salaries to its top directors and key employees while spending little on legal services despite its stated intent of "fighting hate and bigotry" using litigation, education, and other forms of advocacy. The Southern Poverty Law Center is perhaps best known for its "hate map," a collection of organizations the nonprofit deems "domestic hate groups" that lists mainstream conservative ...

    published: 01 Sep 2017
  • Bernie Senders ... Paradise Papers ... Offshore Tax Evasion

    published: 04 Jan 2018
  • Inside the Secretive World of Tax-Avoidance Experts

    A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it, during which time she trained to become a wealth manager and visited 18 offshore jurisdictions. SPEAKERS BROOKE HARRINGTON Associate Professor, Copenhagen Business School (Denmark) PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/01%20Inside%20the%20Secretive%20World%20%20of%20Tax-Avoidance%20Experts.pdf

    published: 05 May 2016
  • The Moral Case for Tax Havens

    This Center for Freedom and Prosperity Foundation video demonstrates that low-tax jurisdictions offer millions of people around the world a safe haven from tyrannical and oppressive government. For this, and many other reasons, there is a powerful moral case for preserving and promoting tax havens. This mini-documentary is the second installment of a three-part series on the beneficial impact of low-tax jurisdictions. In addition to showing how tax havens promote human rights and individual liberty, the video exposes the hypocritical anti-tax competition efforts of statist international bureaucracies such as the Organization for Economic Cooperation and Development. For more information: www.freedomandprosperity.org Link to Part 1 -- The Economic Case for Tax Havens: www.youtube.com/watch?...

    published: 22 Oct 2008
  • Panama Papers: Inside the shady world of tax havens - Counting the Cost

    The Panama Papers shocked the world this week when a massive leak of 11.5 million tax documents exposed the secret dealings of hundreds of thousands of people, including world leaders and celebrities, and how they use shady financial mechanisms to avoid paying taxes and hide their wealth. Linking at least 12 current and former heads of state and 143 politicians to illicit financial transactions, the documents revealed how Mossack Fonseca, a Panama-based law firm, allegedly used banks, law firms and offshore shell companies, from 1977 to the end of 2015, to help hide its clients assets. While the disclosures have since led to the resignation of one world leader, Sigmundur Davio Gunnlaugsson, the Icelandic prime minister; the problem goes beyond mere individuals. The Panama Papers have ex...

    published: 10 Apr 2016
  • Offshore financial centres (October 2013)

    In the series „A Cup of Coffee with Rainer Münz" our expert explains economic and financial terms and topics.

    published: 29 Apr 2014
  • Offshore Company Formation - Find Out How

    Setup in Global Offshore Locations - Fast & Easy https://www.youtube.com/user/HKCompanyFormation An offshore company is a legal entity established in a tax haven or offshore financial center, being protected by specific legislation which guarantees a status of partial or full tax exemption. Yearly maintenance fees range from US $100 to US $1500 or more, depending of the type of the company and its jurisdiction. In some jurisdictions, annual company fixed tax is paid to the government such as it is the case with the Republic of Panama. Shareholders and directors of an offshore company may enjoy generally a high level of privacy. In some jurisdictions, offshore companies may trade or do business only outside of the country in order to be tax exempt, while in others companies may do local a...

    published: 22 Apr 2014
  • KPMG allegedly involved in offshore tax "sham"

    Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps. Click here for the full story: http://www.cbc.ca/1.3234876 »»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1 Voice Your Opinion & Connect With Us Online: The National Updates on Facebook: https://www.facebook.com/thenational The National Updates on Twitter: https://twitter.com/CBCTheNational The National Updates on Google+: https://plus.google.com/+CBCTheNational »»» »»» »»» »»» »»» The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leadin...

    published: 22 Sep 2015
  • Obama Criticized Loopholes That Help Protect Offshore Tax Haven

    President Obama on Tuesday criticized loopholes that help protect offshore tax havens and U.S. companies that move abroad for lower tax rates. "A lot of these loopholes come at the expense of middle class families," Obama said during the White House press briefing adding that such companies are "gaming the system." The president's comments come on the heels of the Treasury Department's new package of rules aimed at making "tax inversions" — when U.S. companies move abroad for lower tax rates — less financially appealing. http://feeds.nbcnews.com/c/35002/f/663303/s/4ebd37ca/sc/24/l/0L0Snbcnews0N0Cnews0Cus0Enews0Ctreasury0Elooks0Ecompanies0Elowering0Etax0Erates0Emoving0Eabroad0En550A936/story01.htm http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

    published: 05 Apr 2016
developed with YouTube
Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

  • Order:
  • Duration: 5:48
  • Updated: 26 Apr 2016
  • views: 27724
videos
Get more Tips here! www.destinationtips.com Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts. Here is a list of the top 10 Biggest Tax Havens in the World. (Ranking is based on a combination of its secrecy score and scale weighting) #10 United Arab Emirates One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement. A large slice of the inbound money comes in the form gold. Secrecy Score: 77% Tax Haven Status: Tiny #9 Bahrain An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries. Secrecy Score: 74% Tax Haven Status: Small #8 Germany Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist Secrecy Score: 56% Tax Haven Status: Huge but Shifty #7 Lebanon Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient. Secrecy Score: 79% Tax Haven Status: Small and Secure #6 Luxembourg The most important private banking and wealth management center in the Eurozone. It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers. Breaking professional secrecy can result in a prison sentence Secrecy Score: 55% Tax Haven Status: Huge #5 The Cayman Islands Banking assets worth $1.4 trillion in June 2014. Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion. It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it. Secrecy Score: 65% Tax Haven Status: Aggressively Protective #4 Singapore A major wealth management center, with $1.4 trillion in assets under management in 2013. In 2014 it become Asia’s largest foreign exchange trading center. It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership. Secrecy Score: 69% Tax Haven Status: Intentionally Blind? #3 USA The U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities. Secrecy Score: 60% Tax Haven Status: Ironic #2 Hong Kong Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets. China’s control over Hong Kong has shielded it from global transparency initiatives. It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS. Secrecy Score: 72% Tax Haven Status: See-No-Evil #1 Switzerland Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934 However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders Secrecy Score: 73% Tax Haven Status: BOSS
https://wn.com/Top_10_Offshore_Tax_Havens_You_Can_Still_Stash_Your_Cash
Hypocrisy USA: The Country's Role as a Money Laundering Center & Offshore Tax Haven - Miami 2016

Hypocrisy USA: The Country's Role as a Money Laundering Center & Offshore Tax Haven - Miami 2016

  • Order:
  • Duration: 1:37:14
  • Updated: 05 May 2016
  • views: 1787
videos
The United States routinely takes the moral high ground when accusing offshore jurisdictions of facilitating money laundering and tax evasion to the detriment of the world's major countries and the global economy in general. But is it a case of the pot calling the kettle black? This session will look at the involvement of the USA, its banks, attorneys, corporate agents, realtors and others in providing services to money launderers and tax evaders, contributing to property booms in cities like New York and Miami and economic booms in states like Delaware and Nevada. Evidence provided will include a hidden-camera investigation by Global Witness into whether attorneys in New York were prepared to set up anonymous accounts to conceal the identity of a prospective client who they were led to believe was seeking to launder the proceeds of corruption. SPEAKERS EDWARD DAVIS, JR. Founding Shareholder, Astigarraga Davis (Miami) SHAUNA LEVEN Director of Anti-Corruption Campaigns, Global Witness (London) JESSE DRUCKER Investigative Reporter, Bloomberg News (New York) JAMES BARNACLE Chief of Money Laundering Unit, FBI (New York) PETER COTORCEANU Of Counsel, Anaford AG (Switzerland) PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/02%20Hypocrisy%20USA-%20The%20Country's%20Role%20as%20a%20Money%20Laundering%20Center%20and%20Offshore%20Tax%20Haven.pdf
https://wn.com/Hypocrisy_USA_The_Country's_Role_As_A_Money_Laundering_Center_Offshore_Tax_Haven_Miami_2016
Paradise Papers Expose “Cleverest Ways of Exploiting” Offshore Tax Havens by GOP & Democratic Donors

Paradise Papers Expose “Cleverest Ways of Exploiting” Offshore Tax Havens by GOP & Democratic Donors

  • Order:
  • Duration: 8:54
  • Updated: 08 Nov 2017
  • views: 10832
videos
https://democracynow.org - Examining the Paradise Papers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly severe” taxes that would be triggered if he tried to bring the funds onshore. We speak with Jon Swaine, senior reporter for The Guardian. Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate FOLLOW DEMOCRACY NOW! ONLINE: Facebook: http://facebook.com/democracynow Twitter: https://twitter.com/democracynow YouTube: http://youtube.com/democracynow SoundCloud: http://soundcloud.com/democracynow Daily Email: https://democracynow.org/subscribe Google+: https://plus.google.com/+DemocracyNow Instagram: http://instagram.com/democracynow Tumblr: http://democracynow.tumblr.com Pinterest: http://pinterest.com/democracynow iTunes: https://itunes.apple.com/podcast/democracy-now!-audio/id73802554 TuneIn: https://tunein.com/radio/Democracy-Now-p90 Stitcher Radio: https://www.stitcher.com/podcast/democracy-now
https://wn.com/Paradise_Papers_Expose_“Cleverest_Ways_Of_Exploiting”_Offshore_Tax_Havens_By_Gop_Democratic_Donors
Offshore Bank Account | Be Careful Where You Open It

Offshore Bank Account | Be Careful Where You Open It

  • Order:
  • Duration: 2:07
  • Updated: 30 Dec 2014
  • views: 9883
videos
http://www.offshorecompanyregistration.ae/offshore-banking/offshore-bank-account Offshore bank account: Advantages, where to open, fund transfers, presence required Offshore bank account: Advantages 1. If you are residing in a country that does not have a freely convertible currency an offshore account allows easy travel. 2. You can use your offshore account to buy property or invest in shares and mutual funds. 3. There are many offshore funds that have higher yields because they are taxed at a lower rate. In most cases they are easier to buy via offshore accounts. 4. Offshore bank accounts are generally confidential. However make sure that your offshore tax haven hasn’t entered into a Tax Information Exchange Treaty (TIET) with your home country. Offshore bank account: Where to open There are over 40 countries that offer offshore bank account services by law. Some of the offshore centres that provide bank account services include Guernsey, Cayman Islands, Panama, United Arab Emirates (UAE) and Belize. To provide an additional layer of protection between you and those seeking information about your activities, it is better to open the bank account in the name of an offshore company. Many offshore banks have minimum deposit requirements. Switzerland requires at least US$ 500,000. However UAE has a much lower minimum starting at US$ 10,000. Before you choose the country for your offshore account check: Know Your Client (KYC) documentation required Minimum deposit requirements Whether the offshore jurisdiction has a TIET agreement with your country Confidentiality laws of the offshore jurisdiction Offshore bank account: Funds Post 9/11 banks have become more leery of being prosecuted for money laundering and have become obsessive about the source of funds. They have become reluctant to take large cash deposits and will ask you questions about where your funds are coming from. Be aware that confidentiality doesn’t always mean that your transactions are known only to you. Offshore bank account: Presence In most instances your presence will be required at the time of bank account opening. This is part of the KYC due diligence undertaken by the banks. Seychelles and Mauritius don’t require your presence. Dubai, United Arab Emirates is also a tourist and business destination in addition to being an offshore center. Dubai also has many Swiss banks registered in its financial center. So if you travel to Dubai you are not obviously travelling to a tax haven. Many offshore banks allow internet banking and some also offer credit and debit cards. So you may only need to visit your bank occasionally.
https://wn.com/Offshore_Bank_Account_|_Be_Careful_Where_You_Open_It
How Corporations Offshore Their Profits

How Corporations Offshore Their Profits

  • Order:
  • Duration: 5:54
  • Updated: 05 Jul 2015
  • views: 5195
videos
As some of you might know, Google changed the structure of its corporation and is now owned by Alphabet Inc., along with Google X, Google Fiber, Google Capital and a few more. While i am not aware of all legal details, it should now be easier for Google Inc. to maintain the structures shown in the video. https://en.wikipedia.org/wiki/Alphabet_Inc. ___________________________ Gabriel Zucman. Taxing across Borders: Tracking Personal Wealth and Corporate Profits. Journal of Economic Perspectives Vol. 28, Nr. 4, Fall 2014 (121–148) http://gabriel-zucman.eu/files/Zucman2014JEP.pdf The Price of Offshore revisited, New estimates for missing global private wealth, income, inequality and lost taxes, 2012 http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore_Revisited_120722.pdf [GERMAN] Dr. Reimar Pinkernell. Ein Musterfall zur internationalen Steuerminimierung durch US-Konzerne. Steuer und Wirtschaft (StuW 4/2012) http://www.otto-schmidt.de/daten/leseproben/stuw4_12_lese.pdf Double Irish will vanish (from Ireland) in 2020: http://www.eurotrib.com/story/2013/10/15/14211/890 http://www.forbes.com/sites/kellyphillipserb/2014/10/15/ireland-declares-double-irish-tax-scheme-dead/ Music: "Double O" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/
https://wn.com/How_Corporations_Offshore_Their_Profits
Mini Law School - Invisible Riches: Offshore Tax Evasion and the Global Crackdown

Mini Law School - Invisible Riches: Offshore Tax Evasion and the Global Crackdown

  • Order:
  • Duration: 1:25:53
  • Updated: 20 Feb 2014
  • views: 1320
videos
Recent studies of international banking data suggest that a staggering amount of global financial wealth (between $US 10 and 20 trillion) is held in "offshore financial centres" or "tax havens", with over $US 5 trillion of such financial wealth being unreported or unidentified. This is despite the fact that governments and international organizations, including the OECD and G20, have aggressively targeted offshore tax evasion since the 2008 financial crisis, with the G20 declaring in 2009 that "the era of banking secrecy is over". In this lecture we will explore the following questions: * What is the nature of the international tax evasion problem, particularly for Canada? * How has the Canadian government enhanced our tax laws and treaty networks to stem the outflow of money? * Is the Canada Revenue Agency doing anything to bring tax evaders to justice? (or is that the job of the CBC?) * Is the era of banking secrecy really over? Presented by Professor Geoffrey Loomer, Schulich School of Law on February 12, 2014. MINI LAW SCHOOL is a free series of engaging public lectures that will give you a taste of what a legal education is all about. There's no cost to attend - and better still, no tests to write - just come with a curious ear to listen to fascinating lectures from some of the law school's most talented faculty. For more information, visit our website: dal.ca/law Thanks for watching!
https://wn.com/Mini_Law_School_Invisible_Riches_Offshore_Tax_Evasion_And_The_Global_Crackdown
Luxembourg Leaks: Tricks of the Trade

Luxembourg Leaks: Tricks of the Trade

  • Order:
  • Duration: 3:11
  • Updated: 05 Nov 2014
  • views: 69156
videos
For more, see: http://www.icij.org/luxleaks Video produced by ICIJ in partnership with the Pulitzer Center.
https://wn.com/Luxembourg_Leaks_Tricks_Of_The_Trade
What's In the New Republican Tax Bill?

What's In the New Republican Tax Bill?

  • Order:
  • Duration: 31:48
  • Updated: 06 Nov 2017
  • views: 3846
videos
Billed as a "middle class tax cut," what's REALLY in the Republican tax bill? TYT Contributor Ryan Grim talks to Jacob Leibenluft of The Center on Budget and Policy Priorities. Full interview and Q & A! Go to https://www.TYTNetwork.com/Investigates for the full story. Like us on Facebook: https://goo.gl/d8nzTi Follow us on Twitter: https://goo.gl/NFPVKm Subscribe on YouTube: https://goo.gl/9Q7f6b
https://wn.com/What's_In_The_New_Republican_Tax_Bill
Southern Poverty Law Center funnels millions into offshore bank accounts

Southern Poverty Law Center funnels millions into offshore bank accounts

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  • Duration: 3:03
  • Updated: 07 Sep 2017
  • views: 3787
videos
In their investigation, the Free Beacon looked at a bunch of the SPLC’s financial forms and found that they had accumulated $328 million in net assets in 2015, which was the most recent tax form they found for the ‘nonprofit.’ And those same financial forms showed that the SPLC had business interests in the Cayman Islands, the British Virgin Islands, and Bermuda. In other words, the ‘nonprofit’ was funneling money offshore. The Resident breaks it down. Follow The Resident at http://www.twitter.com/TheResident Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America
https://wn.com/Southern_Poverty_Law_Center_Funnels_Millions_Into_Offshore_Bank_Accounts
How American companies change their address to avoid corporate taxes

How American companies change their address to avoid corporate taxes

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  • Duration: 6:29
  • Updated: 27 Aug 2014
  • views: 20063
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In the past three years, 22 American companies have relocated outside U.S. borders, usually through mergers with or purchases of a foreign company. That move, known as a tax inversion, means corporations are no longer subject to American corporate taxes. Jeffrey Brown learns more about the strategy and its effect on the economy from Roberton Williams of the Tax Policy Center. Subscribe on YouTube: http://bit.ly/139JZdo Watch more PBS NewsHour videos at: http://to.pbs.org/1e3qlFJ Follow us on Twitter: https://twitter.com/newshour Facebook: https://www.facebook.com/pbs.newshour Google+: https://plus.google.com/+PBSNewsHour
https://wn.com/How_American_Companies_Change_Their_Address_To_Avoid_Corporate_Taxes
The Future of International Financial Centres - Richard Hay

The Future of International Financial Centres - Richard Hay

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  • Duration: 35:38
  • Updated: 13 May 2014
  • views: 2689
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Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres Richard Hay presents the case for the importance, and especially the trustworthiness, of International Financial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the Long Finance Spring Conference 2014. With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011 G20 Summit in Cannes, President Nicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore". The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website. Website: http://www.gresham.ac.uk Twitter: http://twitter.com/GreshamCollege Facebook: https://www.facebook.com/greshamcollege
https://wn.com/The_Future_Of_International_Financial_Centres_Richard_Hay
The Panama Papers: Victims of Offshore

The Panama Papers: Victims of Offshore

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  • Duration: 4:19
  • Updated: 03 Apr 2016
  • views: 1887779
videos
The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world's rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions. Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking. Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry. This is their story. For more, go to panamapapers.icij.org EXECUTIVE PRODUCER: Hamish Boland-Rudder PRODUCER: Carrie Ching ANIMATION ARTIST: Arthur Jones REPORTER: Will Fitzgibbon NARRATOR: Eleanor Bell Fox SUPPORTED BY THE PULITZER CENTER ON CRISIS REPORTING
https://wn.com/The_Panama_Papers_Victims_Of_Offshore
What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

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  • Duration: 13:08
  • Updated: 19 Apr 2017
  • views: 510
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What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINANCIAL CENTRE meaning - OFFSHORE FINANCIAL CENTRE definition - OFFSHORE FINANCIAL CENTRE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. The International Monetary Fund (IMF) defines an offshore financial centre as "a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." Although information is still limited, there is strong evidence that OFCs captured a significant amount of global financial flows and functions both as back doors and partners of leading financial centre especially since the 1970s. Whether a financial centre is to be characterized as "offshore" is a question of degree. Indeed, the IMF Working Paper cited above notes that its definition of an offshore centre would include the United Kingdom and the United States, which are ordinarily counted as "onshore" because of their large populations and inclusion in international organisations such as the G20 and OECD. The more nebulous term "tax haven" is often applied to offshore centres, leading to confusion between the two concepts. In Tolley's International Initiatives Affecting Financial Havens the author in the Glossary of Terms defines an "offshore financial centre" in forthright terms as "a politically correct term for what used to be called a tax haven." However, he then qualifies this by adding, "The use of this term makes the important point that a jurisdiction may provide specific facilities for offshore financial centres without being in any general sense a tax haven." A 1981 report by the United States Internal Revenue Service concluded: "a country is a tax haven if it looks like one and if it is considered to be one by those who care." With its connotations of financial secrecy and tax avoidance, "tax haven" is not always an appropriate term for offshore financial centres, many of which have no statutory banking secrecy, and most of which have adopted tax information exchange protocols to allow foreign countries to investigate suspected tax evasion. Views of offshore financial centres tend to be polarised. Proponents suggest that reputable offshore financial centres play a legitimate and integral role in international finance and trade, and that their zero-tax structure allows financial planning and risk management and makes possible some of the cross-border vehicles necessary for global trade, including financing for aircraft and shipping or reinsurance of medical facilities. Proponents point to the tacit support of offshore centres by the governments of the United States (which promotes offshore financial centres by the continuing use of the Foreign Sales Corporation (FSC)) and United Kingdom (which actively promotes offshore finance in Caribbean dependent territories to help them diversify their economies and to facilitate the British Eurobond market). Opponents view them as draining tax revenues away from developed countries by allowing tax arbitrage, and rendering capital flows into and out of developing countries opaque. Very few commentators express neutral views. Overseas Private Investment Corporation (OPIC), a U.S. government agency, when lending into countries with underdeveloped corporate law, often requires the borrower to form an offshore vehicle to facilitate the loan financing. One could argue that US external aid statutorily cannot even take place without the formation of offshore entities. Offshore finance has been the subject of increased attention since 2000 and even more so since the April 2009 G20 meeting, when heads of state resolved to "take action" against non-cooperative jurisdictions. Initiatives spearheaded by the Organisation for Economic Co-operation and Development (OECD), the Financial Action Task Force on Money Laundering (FATF) and the International Monetary Fund have had a significant effect on the offshore finance industry.
https://wn.com/What_Is_Offshore_Financial_Centre_What_Does_Offshore_Financial_Centre_Mean
Apple rejects ‘Paradise Papers’ allegations that it a bused offshore tax shelters

Apple rejects ‘Paradise Papers’ allegations that it a bused offshore tax shelters

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  • Duration: 5:34
  • Updated: 07 Nov 2017
  • views: 0
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Apple rejects ‘Paradise Papers’ allegations that it abused offshore tax shelters. Apple, the world’s most valuable company, finds itself once again at the center of an international controversy about the ways U.S. corporations use international tax havens to dodge their tax bills. In a detailed response to allegations published yesterday as part of the “Paradise Papers” project, Apple insisted that it pays its fair share and follows the law. “Apple believes every company has a responsibility to pay its taxes, and as the largest taxpayer in the world, Apple pays every dollar it owes in every country around the world,” the company wrote. “We’re proud of the economic contributions we make to the countries and communities where we do business.” As Apple has experienced astonishing success over the past decade and seen its income and profits surge, the company has also been battling ongoing allegations that it has become one of the planet’s largest tax dodgers.
https://wn.com/Apple_Rejects_‘Paradise_Papers’_Allegations_That_It_A_Bused_Offshore_Tax_Shelters
Talking Taxes: How Should Companies Be Taxed for Offshore Profits?

Talking Taxes: How Should Companies Be Taxed for Offshore Profits?

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  • Duration: 4:25
  • Updated: 10 Aug 2017
  • views: 5121
videos
U.S. companies are holding more than $2.6 trillion in profits across the globe and they haven't paid U.S. taxes on it. Why is so much money offshore, and how could the tax code be changed to bring it back? WSJ's tax reporter Richard Rubin dives in. Photo: Heather Seidel/The Wall Street Journal Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: http://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJvideo On Snapchat Discover: http://on.wsj.com/2ratjSM
https://wn.com/Talking_Taxes_How_Should_Companies_Be_Taxed_For_Offshore_Profits
Southern Poverty Law Center Transfers $Millions in Cash to Offshore Entities

Southern Poverty Law Center Transfers $Millions in Cash to Offshore Entities

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  • Duration: 3:39
  • Updated: 01 Sep 2017
  • views: 146
videos
Southern Poverty Law Center Transfers $Millions in Cash to Offshore Entities The Southern Poverty Law Center (SPLC), a liberal, Alabama-based 501(c)(3) tax-exempt charitable organization that has gained prominence on the left for its "hate group" designations, pushes millions of dollars to offshore entities as part of its business dealings, records show. Additionally, the nonprofit pays lucrative six-figure salaries to its top directors and key employees while spending little on legal services despite its stated intent of "fighting hate and bigotry" using litigation, education, and other forms of advocacy. The Southern Poverty Law Center is perhaps best known for its "hate map," a collection of organizations the nonprofit deems "domestic hate groups" that lists mainstream conservative organizations alongside racist groups such as the Ku Klux Klan and is often referenced in the media. A gunman opened fire at the Washington, D.C., offices of the conservative Family Research Council in 2012 after seeing it listed as an "anti-gay" group on SPLC's website. The SPLC has turned into a fundraising powerhouse, recording more than $50 million in contributions and $328 million in net assets on its 2015 Form 990, the most recently available tax form from the nonprofit. SPLC's Form 990-T, its business income tax return, from the same year shows that they have "financial interests" in the Cayman Islands, British Virgin Islands, and Bermuda. No information is available beyond the acknowledgment of the interests at the bottom of the form. However, the Washington Free Beacon discovered forms from 2014 that shed light on some of the Southern Poverty Law Center's transfers to foreign entities. The SPLC's Form 8865, a Return of U.S. Persons With Respect to Certain Foreign Partnerships, from 2014 shows that the nonprofit transferred hundreds of thousands to an account located in the Cayman Islands. SPLC lists Tiger Global Management LLC, a New York-based private equity financial firm, as an agent on its form. The form shows a foreign partnership between the SPLC and Tiger Global Private Investment Partners IX, L.P., a pooled investment fund in the Cayman Islands. SPLC transferred $960,000 in cash on Nov. 24, 2014 to Tiger Global Private Investment Partners IX, L.P, its records show. The SPLC's Form 926, a Return by a U.S. Transferor of Property to a Foreign Corporation, from 2014 shows additional cash transactions that the nonprofit had sent to offshore funds. The SPLC reported a $102,007 cash transfer on Dec. 24, 2014 to BPV-III Cayman X Limited, a foreign entity located in the Cayman Islands. The group then sent $157,574 in cash to BPV-III Cayman XI Limited on Dec. 31, 2014, an entity that lists the same PO Box address in Grand Cayman as the previous transfer. The nonprofit pushed millions more into offshore funds at the beginning of 2015. On March 1, 2015, SPLC sent $2,200,000 to an entity incorporated in Canana Bay, Cayman Islands, according to Securities and Exchange Commission (SEC) records and run by a firm firm based in Greenwich, Ct. Another $2,200,000 cash transfer was made on the same day to another fund whose business is located at the same address as the previous fund in the Cayman Islands, according to SEC records. No information is contained on its interests in Bermuda on the 2014 forms. SPLC's financial stakes in the British Virgin Islands were not acknowledged until its 2015 tax form. Lucinda Chappelle, a principal at Jackson Thornton, the public accounting firm in Montgomery, Ala., that prepared the SPLC's tax forms, said she does not discuss client matters and hung up the phone when the Free Beacon contacted her in an attempt to get the most updated forms from the group in relation to its foreign business dealings. Tax experts expressed confusion when being told of the transfer. "I've never known a US-based nonprofit dealing in human rights or social services to have any foreign bank accounts," said Amy Sterling Casil, CEO of Pacific Human Capital, a California-based nonprofit consulting firm. "My impression based on prior interactions is that they have a small, modestly paid staff, and were regarded by most in the industry as frugal and reliable. I am stunned to learn of transfers of millions to offshore bank accounts. It is a huge red flag and would have been completely unacceptable to any wealthy, responsible, experienced board member who was committed to a charitable mission who I ever worked with." "It is unethical for any US-based charity to invest large sums of money overseas," said Casil. "I know of no legitimate reason for any US-based nonprofit to put money in overseas, unregulated bank accounts." "It seems extremely unusual for a ‘501(c)(3)' concentrating upon reducing poverty in the American South to have multiple bank accounts in tax haven nations," Charles Ortel, a former Wall Street analyst and financial advisor who helped uncover a 2009 financial scandal at General Electric,
https://wn.com/Southern_Poverty_Law_Center_Transfers_Millions_In_Cash_To_Offshore_Entities
Bernie Senders ... Paradise Papers ... Offshore Tax Evasion

Bernie Senders ... Paradise Papers ... Offshore Tax Evasion

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  • Duration: 3:28
  • Updated: 04 Jan 2018
  • views: 10
videos
https://wn.com/Bernie_Senders_..._Paradise_Papers_..._Offshore_Tax_Evasion
Inside the Secretive World of Tax-Avoidance Experts

Inside the Secretive World of Tax-Avoidance Experts

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  • Duration: 1:25:09
  • Updated: 05 May 2016
  • views: 1989
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A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it, during which time she trained to become a wealth manager and visited 18 offshore jurisdictions. SPEAKERS BROOKE HARRINGTON Associate Professor, Copenhagen Business School (Denmark) PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/01%20Inside%20the%20Secretive%20World%20%20of%20Tax-Avoidance%20Experts.pdf
https://wn.com/Inside_The_Secretive_World_Of_Tax_Avoidance_Experts
The Moral Case for Tax Havens

The Moral Case for Tax Havens

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  • Duration: 9:17
  • Updated: 22 Oct 2008
  • views: 33833
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This Center for Freedom and Prosperity Foundation video demonstrates that low-tax jurisdictions offer millions of people around the world a safe haven from tyrannical and oppressive government. For this, and many other reasons, there is a powerful moral case for preserving and promoting tax havens. This mini-documentary is the second installment of a three-part series on the beneficial impact of low-tax jurisdictions. In addition to showing how tax havens promote human rights and individual liberty, the video exposes the hypocritical anti-tax competition efforts of statist international bureaucracies such as the Organization for Economic Cooperation and Development. For more information: www.freedomandprosperity.org Link to Part 1 -- The Economic Case for Tax Havens: www.youtube.com/watch?v=yi0lkJBTi58
https://wn.com/The_Moral_Case_For_Tax_Havens
Panama Papers: Inside the shady world of tax havens - Counting the Cost

Panama Papers: Inside the shady world of tax havens - Counting the Cost

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  • Duration: 26:01
  • Updated: 10 Apr 2016
  • views: 8069
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The Panama Papers shocked the world this week when a massive leak of 11.5 million tax documents exposed the secret dealings of hundreds of thousands of people, including world leaders and celebrities, and how they use shady financial mechanisms to avoid paying taxes and hide their wealth. Linking at least 12 current and former heads of state and 143 politicians to illicit financial transactions, the documents revealed how Mossack Fonseca, a Panama-based law firm, allegedly used banks, law firms and offshore shell companies, from 1977 to the end of 2015, to help hide its clients assets. While the disclosures have since led to the resignation of one world leader, Sigmundur Davio Gunnlaugsson, the Icelandic prime minister; the problem goes beyond mere individuals. The Panama Papers have exposed that most of the work Mossack Fonseca and the rest of the wealth-management industry do is perfectly legal. On this special edition of Counting the Cost, we take a closer look at tax havens and the legality behind them. Alex Cobham, a director of research at the Tax Justice Network, joins the programme to discuss the loopholes that allow tax-dodging. Stewart Patton, a US tax attorney based in Belize City, discusses the possible fallout for tax havens following the release of the Panama Papers. We also speak to James S Henry, a senior fellow at Columbia University's Center for Sustainable Investment, about the absence of American billionaires and companies on the leaked list and how the US, the world's biggest economy, is surprisingly a top tax haven. More from Counting the Cost on: YouTube – http://youtube.com/show/countingthecost Website - http://aljazeera.com/programmes/countingthecost/
https://wn.com/Panama_Papers_Inside_The_Shady_World_Of_Tax_Havens_Counting_The_Cost
Offshore financial centres (October 2013)

Offshore financial centres (October 2013)

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  • Duration: 5:06
  • Updated: 29 Apr 2014
  • views: 797
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In the series „A Cup of Coffee with Rainer Münz" our expert explains economic and financial terms and topics.
https://wn.com/Offshore_Financial_Centres_(October_2013)
Offshore Company Formation - Find Out How

Offshore Company Formation - Find Out How

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  • Duration: 0:59
  • Updated: 22 Apr 2014
  • views: 290
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Setup in Global Offshore Locations - Fast & Easy https://www.youtube.com/user/HKCompanyFormation An offshore company is a legal entity established in a tax haven or offshore financial center, being protected by specific legislation which guarantees a status of partial or full tax exemption. Yearly maintenance fees range from US $100 to US $1500 or more, depending of the type of the company and its jurisdiction. In some jurisdictions, annual company fixed tax is paid to the government such as it is the case with the Republic of Panama. Shareholders and directors of an offshore company may enjoy generally a high level of privacy. In some jurisdictions, offshore companies may trade or do business only outside of the country in order to be tax exempt, while in others companies may do local and international business. The most known type of an offshore company is the IBC or International Business Company, which are often found in offshore jurisdictions. Such a company is usually required to do business with non-residents of the jurisdiction where they are formed, in order to remain tax exempt. The legal restrictions that offshore companies are in some jurisdictions subjected to, generally prevent them from having a fixed establishment in the country where they were incorporated. For this reason, they are mostly used for activities which are not tied to a specific geographic location. This may include brokerage in commodities and goods, intangible e-commerce activities or intellectual property administration. They are also often used as holding companies or as asset protection or investment vehicles for their owners, because of their simplicity of administration, as in vast majority of jurisdictions it is not required to file annual reports or accounts. There are certain countries such as Hong Kong, Singapore, or Uruguay, that apply the so-called territorial tax system. This means that individuals and businesses, both residents and non residents, will be taxed merely on the income sources generated within their territory, while any profits made overseas will be tax exempt. Thus, a company which only conducts business abroad, may generally also be able to operate tax free but, unlike it happens in offshore jurisdictions, they will not operate under any special legislation for non-residents. The fiscal conditions will be exactly the same, regardless of whether the shareholders are residents or non-residents and there is no restriction to conduct business with local individuals or corporations, something that is prohibited in the case of a traditional offshore companies. Most of legitimate uses of Hong Kong offshore companies are: international trading, asset protection, holding company, captive insurance, yacht registration, and legal tax avoidance, protection of intellectual property, succession planning or confidentiality. Source: http://en.wikipedia.org/wiki/Offshore_company http://youtu.be/lpH9hLjFOOE http://youtu.be/lpH9hLjFOOE/ https://www.youtube.com/watch?v=lpH9hLjFOOE https://www.youtube.com/watch?v=lpH9hLjFOOE/ https://www.youtube.com/user/HKCompanyFormation Offshore Company Offshore Company Formation Offshore Company Register company offshore Company setup offshore hong kong company formation, hongkong company formation, company formation hong kong, hong kong offshore company formation belize company formation, company formation belize, belize offshore company formation, cayman islands company formation, cayman company formation, company formation cayman islands, cayman offshore company, cyprus islands company formation, cyrpus company formation, company formation cyprus, cyprus offshore company luxembourg company formation, company formation luxembourg, luxembourg offshore company panama company formation, company formation panama, panama offshore company,
https://wn.com/Offshore_Company_Formation_Find_Out_How
KPMG allegedly involved in offshore tax "sham"

KPMG allegedly involved in offshore tax "sham"

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  • Duration: 18:04
  • Updated: 22 Sep 2015
  • views: 8523
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Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps. Click here for the full story: http://www.cbc.ca/1.3234876 »»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1 Voice Your Opinion & Connect With Us Online: The National Updates on Facebook: https://www.facebook.com/thenational The National Updates on Twitter: https://twitter.com/CBCTheNational The National Updates on Google+: https://plus.google.com/+CBCTheNational »»» »»» »»» »»» »»» The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.
https://wn.com/Kpmg_Allegedly_Involved_In_Offshore_Tax_Sham
Obama Criticized Loopholes That Help Protect Offshore Tax Haven

Obama Criticized Loopholes That Help Protect Offshore Tax Haven

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  • Duration: 0:55
  • Updated: 05 Apr 2016
  • views: 226
videos
President Obama on Tuesday criticized loopholes that help protect offshore tax havens and U.S. companies that move abroad for lower tax rates. "A lot of these loopholes come at the expense of middle class families," Obama said during the White House press briefing adding that such companies are "gaming the system." The president's comments come on the heels of the Treasury Department's new package of rules aimed at making "tax inversions" — when U.S. companies move abroad for lower tax rates — less financially appealing. http://feeds.nbcnews.com/c/35002/f/663303/s/4ebd37ca/sc/24/l/0L0Snbcnews0N0Cnews0Cus0Enews0Ctreasury0Elooks0Ecompanies0Elowering0Etax0Erates0Emoving0Eabroad0En550A936/story01.htm http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
https://wn.com/Obama_Criticized_Loopholes_That_Help_Protect_Offshore_Tax_Haven