Blog Posts - Tax Havens



IRS Digging into Taxpayer Holdings in Caribbean Banks

A federal court in San Francisco has granted an order authorizing the U.S. Internal Revenue Service (IRS) to serve a summons seeking information about US taxpayers who may hold offshore accounts with FirstCaribbean International Bank (FCIB)...
by TaxWorldWeb on May 2, 2013

Apple Avoids Potential $9 Billion Tax Bill

Apple will avoid a potential tax bill of up to $9 billion by using the proceeds from its $17 billion blockbuster bond issue to pay shareholders rather than bringing back cash from abroad.
by TaxWorldWeb on May 2, 2013

Cash-hungry countries have encouraged the rise of tax havens

So why don’t the major countries do something about tax havens? Is it that they can’t, or might it just be that permitting tax havens to exist rather suits them?
by TaxWorldWeb on Apr 29, 2013

EUROPEAN COURT ALLOWS SPAIN TO USE DOMESTIC LAW TO SEEK GIB BANK INFORMATION

The European Court of Justice has backed Spain’s use of domestic legislation to request information from a Gibraltar bank that offers services across the border. The ECJ ruling found that Spanish law allowing law enforcement agencies to access fina...
by Mafia Today on Apr 29, 2013

EUROPEAN COURT ALLOWS SPAIN TO USE DOMESTIC LAW TO SEEK GIB BANK INFORMATION

The European Court of Justice has backed Spain’s use of domestic legislation to request information from a Gibraltar bank that offers services across the border. The ECJ ruling found that Spanish law allowing law enforcement agencies to access fina...
by Mafia Today on Apr 29, 2013

Angola deal to repay debt to Russia exposes EU tax havens

A newly published report on a corrupt deal for the repayment of the Angola debt to Russia in the early 1990s was presented at the European parliament on Tuesday as a vivid example of the plundering that can take place in developing nations with the c...
by TaxWorldWeb on Apr 25, 2013

Piercing the secrecy of offshore tax havens

A New York hedge fund manager allegedly swindles $12 million from a prominent Baltimore family. An Indiana couple is accused of bilking hundreds of customers by charging for free trials of cosmetic products. A financial manager in Texas promises 23-p...
by Mafia Today on Apr 7, 2013

Piercing the secrecy of offshore tax havens

A New York hedge fund manager allegedly swindles $12 million from a prominent Baltimore family. An Indiana couple is accused of bilking hundreds of customers by charging for free trials of cosmetic products. A financial manager in Texas promises 23-p...
by Mafia Today on Apr 7, 2013

Massive Data Leak Exposes Offshore Financial Secrets

Secrecy for Sale: Inside the Global Offshore Money Maze »Dozens of journalists sifted through millions of leaked records and thousands of names to produce ICIJ's investigation into offshore secrecy. View ▸. Middlemen & Enablers. Lawyers a...
by Henry Sullivan on Apr 6, 2013

HK firm at core of fraud that sparked investigation into tax havens

A huge trove of tax-haven data uncovered by the International Consortium of Investigative Journalists (ICIJ) is the result of a three-year investigation by its director, Gerard Ryle, into one of Australia’s biggest frauds.
by TaxWorldWeb on Apr 4, 2013

Medvedev’s Russian offshore zone plan ‘won’t work’

The Cypriot crisis and new Russian laws may aid Russia’s fight against corruption, but an offshore zone on Russian soil would require alternative, more ‘attractive’ set of legislation, making it impossible to achieve, Ben Aris told RT.
by TaxWorldWeb on Apr 3, 2013

7 of the world’s most infamous tax havens

Why waste time and money with international tax havens when good old Delaware has essentially no requirements for creating a corporation.
by TaxWorldWeb on Mar 30, 2013

Puerto Rico Hopes to Lure Billionaires to Tax Haven

For decades, Puerto Rico has attracted to its shores mainland U.S. citizens in search of warm weather, pristine beaches and a cheap lifestyle.
by TaxWorldWeb on Mar 28, 2013

Cyprus disaster shines light on global tax haven industry

Welcome to Cyprus, the latest theater for the ongoing European debt crisis. With its banks shuttered for now, the nation has reverted back to a cash-only economy. In exchange for a €10 billion (about $13 billion USD) European Union bailout on its a...
by TaxWorldWeb on Mar 26, 2013

Most foreign investment in BRICs isn’t foreign at all—it’s tycoons using tax havens

Leaders of Brazil, Russia, India and China are gathering in South Africa for a summit this week, where they will undoubtedly congratulate themselves on the high economic growth their nations have achieved. Some items that are notably absent from the...
by TaxWorldWeb on Mar 26, 2013

Cyprus Rescue: The Destruction of a Tax Haven

Cyprus is paying a high price for the $13 billion financial rescue it finally obtained from the E.U. early Monday after a week of high drama: the destruction of a key pillar of its economy, its status as the offshore tax haven of choice for wealthy R...
by TaxWorldWeb on Mar 25, 2013

Like Cyprus, Britain should beware of becoming a playground for Russia’s rich

As the Boris Berezovsky story shows, London has become an oligarchs’ battleground too. And their influence damages our body politic...
by TaxWorldWeb on Mar 24, 2013

Panama ‘tax haven’ for wealthy Germans

Forget Switzerland; some of Germany’s richest families, including Porsche and coffee giant Jacobs, have far-flung businesses registered in oft-forgotten tax haven Panama, it emerged on Wednesday.
by TaxWorldWeb on Mar 21, 2013

Senator lobbies for budget to address billions kept in tax havens

Senator lobbies for budget to address billions kept in tax havens...
by TaxWorldWeb on Mar 21, 2013

OECD Enables Companies to Avoid $100 Billion in Taxes via Offshore Tax Havens

Headquartered in a former Rothschild chateau in an affluent Parisian neighborhood, the Organization for Economic Cooperation and Development is best known for earnest conferences on economic and social policy.
by TaxWorldWeb on Mar 21, 2013


Trending Topics

Close