Latest News for: Offshore tax 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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INSIGHTS | International tax havens safely sheltered in Colorado

Colorado Politics 04 Jan 2021
Mike Foote of Lafayette tried to pass legislation to collect state income taxes on profits earned in Colorado squirreled away to offshore bank accounts in low-tax or no-tax locales ... If it became law, it would tax ... “There’s a lot of money in these offshore tax havens,” Foote told me.
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What Happened to the Global Uprisings of a Decade Ago?

Consortium News 22 Dec 2020
Long before the coronavirus, hope had become calcified and rottenness had become normal as migrants drowned in seas and sat in concentration camps while dead money slipped across borders to tax havens (offshore financial centers hold upwards of $36 trillion, an astronomical amount).
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The Wan Chai connection: The Washington-accused drug lords, gun runners and dictators' financiers tied to ...

CNN 11 Dec 2020
The Panama Papers in 2016 blew the lid off the murky world of international offshore finance — and showed Hong Kong was the most active place on the planet for the creation of shell companies, alongside traditional tax havens such as Switzerland, Cyprus and the US state of Delaware.
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Inside Kelly Loeffler's offshore tax shelter scheme

Alternet 21 Nov 2020
tax laws, ICE created an offshore entity in the Cayman Islands, and registered it in a building known as Ugland House — one of the most notorious locations for offshore tax shelters ... Offshore tax evasion costs Americans tens of billions of dollars every year.
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Biden plan sets tax penalties for companies' offshore profits

Union Leader 10 Sep 2020
His plan would also end what his campaign describes as three “Trump offshoring loopholes” that were part of the 2017 tax law ... companies that locate production or call centers overseas to pay no taxes on the first 10% of profit, permitting companies to combine strategies to move profits overseas and park profits in tax havens to avoid paying all U.S.
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Biden unveils plan to penalize companies that offshore jobs ahead of Michigan visit

The Hill 09 Sep 2020
The former vice president vowed to develop a “Made in America” tax policy that will penalize corporations that move jobs overseas and provide a tax credit to those who keep manufacturing in the U.S ... companies to offshore production or call centers and pay no taxes on their first 10 percent in profit.
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