Blog Posts - Tax Havens

Portugal cracks down on itself over tax haven use

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.
by TaxWorldWeb on May 21, 2016

EU to compile common blacklist of tax havens, sanctions against them

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.
by TaxWorldWeb on May 19, 2016

Tax havens are cog in global economy, say defenders

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.
by TaxWorldWeb on Apr 7, 2016

Britain under pressure to end opposition to tax haven blacklist

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.
by TaxWorldWeb on Apr 6, 2016

UK paying millions in aid money to fund overseas tax havens

Millions of pounds in British aid money is being used to subsidise public services in overseas tax havens, The Independent can reveal.
by TaxWorldWeb on Oct 29, 2015

EU tax havens obstacle to ending poverty, charity says

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.
by TaxWorldWeb on Jul 7, 2015

European Union releases world tax havens blacklist

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.
by TaxWorldWeb on Jun 17, 2015

Tax havens are still a desirable destination

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.
by TaxWorldWeb on May 31, 2015

Meet Europe’s newest tax haven and micro-state

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.
by TaxWorldWeb on May 5, 2015

This newly declared microcountry wants to become the world’s foremost tax haven

The world’s newest microcountry wants to become its foremost tax haven.
by TaxWorldWeb on Apr 23, 2015

Germany recruits France and Italy for fresh assault on tax havens

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.
by TaxWorldWeb on Dec 1, 2014

Spanish union plans tax-haven protest with one-day ‘occupation’ of Gibraltar

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...
by TaxWorldWeb on Jul 28, 2014

Corporations Becoming Transnational

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...
by Sparking the Left on Jun 11, 2014

Central Asia and Africa may take place of Switzerland and Singapore as offshore banking havens

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...
by TaxWorldWeb on May 8, 2014

If Europe wants to punish Russia, it should look to its own tax havens

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...
by TaxWorldWeb on May 4, 2014

Canadians have at least $170 billion stashed in tax havens, says watchdog

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.
by TaxWorldWeb on May 3, 2014

Cayman Islands Tax System Transparent and Open for Business

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.
by TaxWorldWeb on Mar 26, 2014

Yahoo relocation cements our ‘tax haven’ reputation

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.
by TaxWorldWeb on Mar 25, 2014

Belgium’s Tax Shelter Gets A Revamp

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.
by TaxWorldWeb on Mar 3, 2014

Israel Bonds has been registered in a tax haven for 20 years

The company has found a home in the British Virgin Islands, the finance ministry admits, though it might change that policy.
by TaxWorldWeb on Feb 25, 2014

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