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Articles for Tax Havens

The quiet British market town that is an unlikely hotspot for the world's dirty cash: How £146m of suspicious money from offshore tax havens has been used to purchase property in sleepy location
2 weeks, 5 days ago

The quiet British market town that is an unlikely hotspot for the world's dirty cash: How £146m of suspicious money from offshore tax havens has been used to purchase property in sleepy location

Daily Mail  

With its cosy pubs, medieval parish church and quiet high street boasting a Gail's and a Waitrose, nothing points to Wokingham being a likely destination for the world's dirty cash. The sleepy Berkshire town of Wokingham has been revealed as a surprise hotspot for ‘suspect wealth’ channelled through offshore tax havens A pop-up market in the centre of the market …

London Properties Transparency Tax Money Laundering Money Town
The Irish government is unbelievably rich. It’s largely thanks to Uncle Sam.
1 month ago

The Irish government is unbelievably rich. It’s largely thanks to Uncle Sam.

Live Mint  

The country currently has so much money it pumps cash into not one but two sovereign-wealth funds. Trump has said he would cut the corporate tax rate for companies that make products in the U.S. to 15%, matching Ireland’s headline rate. Around 15% of the Irish workforce is employed by just under 1,000 U.S. companies, according to Ireland’s foreign direct …

Corporate Tax Trump Companies Billion Rate European
Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
1 year, 2 months ago

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

Associated Press  

WASHINGTON — An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. That carveout, the EU Tax Observatory …

Corporate Pay Agreement Countries Minimum Observatory Oecd
Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
1 year, 2 months ago

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An ambitious 2021 agreement by …

Tax Pay Agreement Countries Minimum Observatory Oecd
Time to fix the way governments tax multinational companies
1 year, 7 months ago

Time to fix the way governments tax multinational companies

Hindustan Times  

TAX COMPANIES too much, and growth will shrivel. Meanwhile the pandemic is forcing governments to find ways to plug their fiscal deficits, not least the Biden administration, which wants to increase multinationals’ tax rate. The best hope for an amicable outcome lies in a forum run by the OECD, a club of mainly rich countries, where this summer 139 countries …

Countries Oecd Tax Havens Transfer Pricing
Labor promises crackdown on multinational tax avoidance would bring almost $2 billion in revenue
2 years, 7 months ago

Labor promises crackdown on multinational tax avoidance would bring almost $2 billion in revenue

ABC  

Labor has promised to close loopholes being used by multinational corporations to avoid paying tax to "level the playing field for Australian businesses" if it wins the federal election. Key points: Labor says its multinational tax reform plan would raise almost $2 billion in revenue The party says multinationals have used tax havens and avoidance schemes at a cost to …

Labor Tax Coalition Economic Party Plan Chalmers
Labour pledges to scrap non-dom tax break after Rishi Sunak’s wife status revealed
2 years, 7 months ago

Labour pledges to scrap non-dom tax break after Rishi Sunak’s wife status revealed

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The decision comes after The Independent revealed that Rishi Sunak’s wife, wealthy businesswoman Akshata Murty, …

Independent Labour Treasury Westminster Email View Chancellor Sunak
Cabinet ministers refuse to publicly declare offshore interests and non-dom status
2 years, 8 months ago

Cabinet ministers refuse to publicly declare offshore interests and non-dom status

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Just five cabinet ministers are prepared to confirm publicly that they …

Trust Independent Ministers Cabinet Secretary Westminster Email View
Geoffrey Cox argued against closing money laundering loopholes
3 years, 1 month ago

Geoffrey Cox argued against closing money laundering loopholes

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Geoffrey Cox earned nearly £1 million from his second job representing the British Virgin Islands …

Tax Money Conservative British Work Tax Avoidance Parliament
EXPLAINER: How G20-backed corporate minimum tax would work
3 years, 1 month ago

EXPLAINER: How G20-backed corporate minimum tax would work

Associated Press  

ROME — Leaders at the Group of 20 summit in Rome are expressing broad support for sweeping changes in how big global companies are taxed. White House officials are saying the global minimum would result in almost $60 billion of added U.S. tax revenue. The basic idea is simple: Countries would legislate a minimum rate of at least 15% for …

Global Tax Companies Countries Biden Rate Minimum
ABN Amro chair apologizes for tax haven investment revealed by Pandora Papers
3 years, 2 months ago

ABN Amro chair apologizes for tax haven investment revealed by Pandora Papers

NL Times  

ABN Amro admits that it's "against the zeitgeist" that the chairman of the supervisory board Tom de Swaan invests privately through a tax haven. The bank emphasizes that the financial construction "is not in conflict with the law" but calls it unfortunate that ABN Amro is now associated with tax havens via the chairman of the supervisory board. De Swaan …

Tax Investment Amro Abn Tax Havens De Swaan
Czech PM Babis could become first victim of Pandora Papers
3 years, 2 months ago

Czech PM Babis could become first victim of Pandora Papers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Speaking to The Independent, opposition Pirate party MEP Mikulas …

Business Independent Party Babis Czech Papers Pandora
Secret offshore wealth of world leaders revealed in leak of 12 MILLION files dubbed Pandora Papers
3 years, 2 months ago

Secret offshore wealth of world leaders revealed in leak of 12 MILLION files dubbed Pandora Papers

Daily Mail  

The secret offshore wealth of more than 300 world leaders, politicians and billionaires has been exposed in one of the biggest ever leaks of financial data. A luxury fourth-floor flat below Monaco's casino was bought by Brockville Development Ltd, which was eventually traced back to Svetlana Krivonogikh, alleged to be a lover of Mr Putin and the mother of his …

France London Russia Pakistan World Tax Wealth
Jordan king exposed over tax havens and luxury homes
3 years, 2 months ago

Jordan king exposed over tax havens and luxury homes

Al Jazeera  

So-called Pandora Papers says King Abdullah II is among dozens of world leaders secretly holding millions of dollars offshore. Jordan’s King Abdullah II is among dozens of world leaders to have hidden millions of dollars in offshore tax havens and secretly bought luxury homes around the globe, according to an investigation published on Sunday. The documents show how King Abdullah …

Documents Companies King Jordan Jordanian Papers King Abdullah Ii
G7 countries reach agreement to set "global minimum" tax rate for multinational corporations
3 years, 6 months ago

G7 countries reach agreement to set "global minimum" tax rate for multinational corporations

Salon  

This article originally appeared at Common Dreams. "The G7 has taken significant steps this weekend to end the existing harmful dynamic, making commitments today that provide tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%," U.S. Treasury Secretary Janet Yellen said Saturday. While arguing that the proposed 15% global minimum tax rate is …

Corporate Tax Rate German Minimum Havens Oecd
Boris Johnson wrecking G7 proposals on corporate tax abuse is the last thing we need
3 years, 6 months ago

Boris Johnson wrecking G7 proposals on corporate tax abuse is the last thing we need

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. But while this targeted tax would …

Corporate Tax British Countries Biden Cent Rate
Biden’s global corporate tax plans send mixed signals
3 years, 8 months ago

Biden’s global corporate tax plans send mixed signals

The Hindu  

U nited States President Joe Biden has declared his intention to go big on spending. To make clear that the plan is not mere rhetoric, the administration proposes that the total planned investment of $3 trillion or more will be financed with an increase in the corporate tax rate in the U.S. from 21 to 28 per cent, an effort …

Global India Corporate Tax Services Taxes Corporate Tax
Google Translate ruins Pak PM Imran Khan’s congratulatory message to US President-elect Joe Biden
4 years, 1 month ago

Google Translate ruins Pak PM Imran Khan’s congratulatory message to US President-elect Joe Biden

Op India  

As Joe Biden is declared the President-elect of the United States of America, with Kamala Harris as the Vice President-elect on his side, congratulatory messages started pouring in from across the globe. Google translation, however, left him embarrassed as the his congratulatory message ended up referring to the new leaders of US as ‘corrupt leaders who cover up the stolen …

Turkey Biden President Khan Joe Biden Imran Joe
Joe Biden wins White House race: How the world reacted
4 years, 1 month ago

Joe Biden wins White House race: How the world reacted

Al Jazeera  

Leaders around the world react as media outlets declare Joe Biden the winner of the 2020 United States presidential election race over Donald Trump. — Justin Trudeau November 7, 2020 United Kingdom Prime Minister Boris Johnson said he looked forward to working with Biden and Harris on issues ranging from “climate change to trade and security”. 🇺🇸 🇬🇧 pic.twitter.com/oZoCDvtT9v — …

India Europe Italy World Trump New Zealand Iran
Betting giants Flutter, Bet 365 and William Hill in tax haven row
4 years, 4 months ago

Betting giants Flutter, Bet 365 and William Hill in tax haven row

Daily Mail  

Britain's biggest gambling firms have dozens of offshoots in tax havens, a Mail audit has found. Tax havens: Paddypower's owner Flutter, Bet 365 and William Hill all list subsidiaries offshore in locations such as Guernsey, Gibraltar and the Isle of Man in their annual accounts This week, a report by public policy think-tank, the Social Market Foundation, said most online …

Tax Cent Rate Bet William Hill Corporation Tax Gibraltar