Category: Tax Havens
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Unprofitable subsidiaries becoming new tax haven for multinational corporations
[box size=”large”]Multinational corporations are moving income from their profitable, high-tax subsidiaries into unprofitable ones to save money on taxes, a University of Waterloo study has found.[/box] The study’s findings shed light on a tax planning strategy that is not currently focused on by governments, which tend to focus their efforts on firms who move their…
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Armenia commits to significantly boosting foreign direct investments
MONTREAL, June 2, 2017 /PRNewswire/ – Arton Capital has been appointed to study and evaluate Armenia’s potential to develop and market an immigrant investor program, following an invitation from the International Centre for Migration Policy Development. The ICMPD seeks to promote innovative and sustainable migration policies around the world. The initiative comes as a series of…
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Isle of Man named International Finance Centre of the Year
The Isle of Man has won the award for International Finance Centre of the Year at the International Adviser Product and Service Awards. Local companies Ardan International, Nedbank and Momentum Pensions also took home awards. Martyn Perkins MHK, Member of the Department of Economic Development with responsibility for Financial Services, commented: ‘The Isle of Man…
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Not Singapore or Mauritius: Paris is the new tax haven for FPIs
Global financial giant Citi has drawn financial ministry officials’ attention that foreign funds and global banks are taking advantage of India’s treaty with France by using Paris as a base for investments in India to escape tax, reports the Economic Times. Foreign funds and global banks may be taking advantage of India’s treaty with France…
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Mauritius to become Southern Hemisphere’s number 1 financial centre within a decade
[box]Mauritius is destined to become the Southern Hemisphere’s leading international financial centre within the next decade, affirms the CEO of one of the world’s largest independent financial services organisations.[/box] The comments from Nigel Green, founder and chief executive of deVere Group, follow the announcement that his company has received an investment banking licence from the…
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Strengthening Singapore-Shanghai Collaboration in a Changing Financial World Order
[box size=”large” style=”rounded” border=”full”]3rd Singapore-Shanghai Financial Forum takes financial collaboration to new heights[/box] Singapore, 14 April 2017… The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (SFSO) held the 3rd Singapore-Shanghai Financial Forum (SSFF) in Singapore today. The SSFF is an annual forum that brings together industry participants from Singapore and Shanghai…
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Singapore Wealth Industry 2017 Sizing the Market Opportunity
“Wealth in Singapore: Sizing the Market Opportunity 2017” analyzes the Singaporean wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets. Singapore is Asia’s pre-eminent offshore investment center, with 80% of the wealth invested in funds sourced from non-residents in 2015. However, the…
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The Heavens. Annual Report
“The Heavens. Annual Report” Paolo Woods & Gabriele Galimberti Centre Assas | Université Paris 2 Panthéon-Assas AS A PART OF THE MOIS DE LA PHOTO DU GRAND PARIS 2017 The Université Paris II Panthéon-Assas and the Rencontres d’Arles are teaming up for a groundbreaking approach to the debate over major social issues by bringing specialists…