Category: Tax Havens
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Beijing for Hong Kong IFC
Leaders affirm the central government has been attaching great importance to and supporting the financial development of Hong Kong. They pledged that the central government will actively take measures that would be favorable for the development of Hong Kong’s financial industry, the consolidation of Hong Kong’s status as an international financial center and the cooperation…
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Academic Research Shows Tax Havens Benefit the Global Economy
Competition Between Nations Lead to Better Policy, Better Economic Performance – Tax Havens Benefit (Washington, DC, Monday, June 12, 2006) – The Center for Freedom and Prosperity Foundation today released a research paper, entitled “Tax Havens, Tax Competition and Economic Performance,” which finds, through a review of the recent scholarly literature, that low-tax jurisdictions promote…
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US And Switzerland Work Towards Closer Trade Relationship
US Trade Representative Rob Portman and Swiss Federal Councillor Joseph Deiss last Thursday signed the US-Switzerland Trade and Investment Cooperation Forum Agreement. This agreement establishes a new forum for the United States and Switzerland to discuss bilateral trade and related issues and examine ways to strengthen their economic relationship. “Today’s agreement will provide a vehicle…
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Tax Haven Guide
Editorial Review The Complete Tax Haven Guide: Financial Freedom Through Global Investing by Adam Starchild Tax havens are one of the most important subjects for an international entrepreneur or investor, yet few understand and use them properly. One group discount them as hiding holes for dirty money, which is not a legitimate use for tax…
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China eases rules on investing
SHANGHAI, China — China is relaxing controls and rules on investing for companies seeking overseas financing in a move meant to boost development of private and high-tech companies, the country’s foreign exchange regulator said. The change in policy will enable mainland Chinese companies to set up offshore companies to raise funds and conduct mergers and…
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Tax-Haven Changes Proposed
”This is not a small correction to the existing Tax-Haven regulations,” says one international tax lawyer. Federal regulators are proposing new rules aimed at curbing efforts by multinational businesses to shift income to low-tax jurisdictions overseas, according to reports. The proposal focuses on how high-tech, pharmaceutical, and other companies value intangible assets such as research…
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Offshore income in focus as tax haven drive hots up
By Jennifer Hill – UK AUTHORITIES have stepped up their campaign targeting tax avoidance via offshore arrangements, as firms that have used aggressive tax-avoidance schemes to pay benefits and shares to employees are also now facing a crackdown. Experts have claimed a “heavy handed” approach adopted by Her Majesty’s Customs and Revenue (HMCR) on offshore…
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Singapore, new tax haven for offshore investors
WORLDWIDE THERE are over 70 tiny tax haven destinations that offer no-tax or low-tax status. Among these destinations different jurisdictions tend to be havens for different types of taxes, and for different categories of people or companies. India and Mauritius executed the Double Taxation Avoidance Agreement (DTAA) in 1982 with the sole purpose of mutually…