Blog Posts - Tax Havens

Portugal’s finance ministry says it is looking at ways of preventing government departments from using tax havens after the Treasury debt agency was found to have held an investment in Jersey.

European Union finance ministers will agree next week to draw up a common list of tax havens and sanctions against them, according to a draft EU document, part of a crackdown on tax evasion by companies and wealthy individuals.

The release of the Panama Papers has made vivid the role played by tax havens in hiding illicit gains. But the rapid growth in offshore centres in recent decades has been built on more than secrecy.

Britain is under growing pressure to end its opposition to an EU blacklist of tax havens, as the European commission vowed to step up action on tax transparency following the leak of the Panama Papers.

Millions of pounds in British aid money is being used to subsidise public services in overseas tax havens, The Independent can reveal.

Two European tax havens receive more than a quarter of all global foreign direct investment, ActionAid said on Tuesday, calling for an international deal to tackle tax avoidance and reduce poverty.

The European Union published its first list of international tax havens on Wednesday as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc.

One in six of the world’s largest companies are either based in a tax haven or have a majority-owned subsidiary in a haven, according to MSCI.

Europe’s newest “state” welcomed its first citizens this weekend, after a small group of libertarians declared independence for a patch of land on the border between Croatia and Serbia.

The world’s newest microcountry wants to become its foremost tax haven.

Germany, France and Italy have launched a campaign to tighten EU tax rules that appears aimed at practices in Luxembourg and will add political pressure on the new European Commission president Jean-Claude Juncker, the Grand Duchy’s former premier.

A union in Andalusia has announced plans to occupy Gibraltar for one day next month with the goal of denouncing tax havens, dismantling the British military base, protecting small-scale fishing in the area and reclaiming Gibraltar as Andalusian terri...

Large corporations are becoming transnational in that they have no home-base headquarters in one nation in an effort to avoid paying taxes. They pick and choose among countries who have the most advantageous tax laws and set up patents and copyrights...

With Switzerland and Singapore joining 47 countries that have agreed to share data and tax information, tax evaders are likely to move to what is currently considered emerging frontier markets, Mike Ingram, market strategist from BGC Partners, told R...

The co-dependence of Russia and Europe has complicated efforts to punish Russia economically. The latest wrinkle is the fact that Russians love to park their money in tax havens under the European Union’s jurisdiction; and the countries involved lo...

Canadians’ use of tax havens for both legal and illegal purposes appears to be growing despite government efforts to curtail the practice, says a new paper from a tax-avoidance watchdog.

In a special edition of BBC’s HARDtalk, Stephen Sackur spoke to Cayman Islands Premier the Honorable Alden McLaughlin to reflect on Cayman’s past, present and future.

Yahoo’s decision to move its European tax base from Switzerland to Ireland is, on the face of it, another feather in the IDA’s cap.

After over a year of intense lobbying, Belgium’s indie producers have finally succeeded in getting their government to approve a reform of the country’s tax shelter.

The company has found a home in the British Virgin Islands, the finance ministry admits, though it might change that policy.

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