Invest Offshore

Category: Tax Havens

  • China eases rules on investing

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    Aaron
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    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…

  • Tax-Haven Changes Proposed

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    ”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…

  • Offshore income in focus as tax haven drive hots up

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    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…

  • Singapore, new tax haven for offshore investors

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    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…

  • New Directives Threaten to Eliminate Tax Haven Status of Monaco, Andorra

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    Media reporting of an EU tax directive, effective from July 1, suggests the European tax haven status of Monaco and Andorra could be under threat. Tribune Properties contend that the real incentive for people moving to Monaco and Andorra remains intact – no income and inheritance taxes. (PRWEB) July 27, 2005 — Media reporting of…

  • Sitting pretty on plentiful gas

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    BEIRUT: With a population of little more than 850,000 and oil and gas money pouring in, the tiny state of Qatar is oozing with confidence about the future. And like it’s larger Gulf neighbors, Qatar is busily attempting to use its petrodollars to diversify into tourism and financial services. Leaving aside the question of whether…

  • Foreigners Invest US$8.9 Bln in S. Korea Through Tax Havens

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    SEOUL, June 28 Asia Pulse – Foreigners invest a total of US$8.9 billion into South Korea through countries offering very favorable tax laws for foreign businesses and individuals, according to the country’s tax authorities Tuesday. In a report to the National Assembly, the National Tax Service (NTS) said about $6.6 billion of the investments came…

  • Gulf Arabs Bet Theme Park, Cargo Firm Will Temper Next Oil Bust

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    Persian Gulf monarchies, flush with record oil revenue, are betting that a $7.5 billion theme park with an indoor ski slope, a $1.2 billion power grid and a $1.2 billion cargo shipper will shield them from the next energy bust. Gulf investors have announced $8 billion of overseas acquisitions in the past 18 months, including…

  • Canadians investing offshore grows sharply

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    OTTAWA – Canadian investment in offshore financial centres, including so-called “tax havens,” shot up eight-fold between 1990 and 2003, Statistics Canada reported Monday. Between 1990 and 2003, Canadian assets in those countries went from $11 billion to $88 billion. They accounted for more than one-fifth of all Canadian direct investment abroad in 2003, double the…