Category: Tax Havens
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Rocky road ahead for global anti-tax evasion framework
Finance ministers and central bankers from the Group of 20 countries are working to create an international framework to curb tax evasion, but differing attitudes over the recent back taxes imposed on Apple and other obstacles could stand in the way. There have been growing calls for stricter tax regulations around the world since the…
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Despite global offshore financial market growth slowing in 2015, political and economic unrest will keep the industry afloat
London – 6 September 2016 – While 2015 was a weak year for the global offshore financial market, with growth slowing to 1.6% over the previous year, there are notable differences between offshore centers and their propositions and performances, and wealth managers need to understand these differences to service customers more effectively, according to financial…
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World Bank and IMF: Where do they stand on progressive and responsible taxation?
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries. However, their approach needs to go much further to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues. The World Bank and the IMF…
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Greek Government Reports Nearly EU 1 Billion in Tax Evasion Fines, Asset Seizures
The Government of Greece has opened hundreds of tax evasion cases against citizens suspected of hiding assets outside of country borders, already assessing some EU 810 million in fines from suspected scofflaws, according to Special Financial Prosecutor Panagiotis Athanasiou. The government, which began examining suspected income tax evaders in early 2015, recently ratcheted up efforts…
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Event in Monaco Unites US Companies with European Institutional Investors
New York, NY & Monte Carlo, Monaco – July 7, 2016 – Small Cap Nation™ (SCN™) and Monaco Growth Forums by Andreea Porcelli™ today announced that Small Cap Nation has been selected as Media Sponsor for the upcoming event. Monaco Growth Forums is an exclusive, invitation-only conference highlighting growth companies seeking capital and/or greater exposure.…
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Malta U.S. Pension Scheme Review
If we wrote a book about the Malta U.S. Pension Scheme it would be about 12 pages even if we covered everything imaginable in great detail…otherwise it would be a couple of paragraphs and not worthy of a white paper because it is NOT an occupational retirement plan it is a life time annuity with…
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Tax Havens – Tax Optimization Schemes
Tax havens are countries that allow businesses and individuals to avoid paying taxes in the nations they mainly operate out of by offering bank accounts with little or no tax liability. Tax havens also provide little or no financial information to nations where entities are based. And it’s mostly legal even though these individuals or…
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British Offshore Investment Strategy
While the world watches the Panama papers propaganda, Dubai finalizes the framework for the perfect British Offshore Investment Strategy, a tax information exchange agreement (TIEA) with the United Kingdom (UK) and the famous tax haven of Jersey to avoid double taxation and pave the way for the United Arab Emirates (UAE) to become a leading…
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The case for offshore
Eye-popping revelations in the Panama Papers have fanned concerns that the so-called “tax havens” lie at the centre of a giant web of criminal conduct. Some, including UK Leader of the Opposition Jeremy Corbyn, have demanded that these offshore centres be “shut down”, and so disconnected from the global grid. The uproar invites examination of…