Recent Event Highlights: A Troubled Tax Haven You Never Heard Of - Sovereign Society (blog), 5 Best Friday Columns - The AtlanticWire (blog), Google, tax dodger extraordinaire - Washington Post, Ad accuses Doheny of using tax havens - WatertownDailyTimes.com, Ad accuses Doheny of using tax havens, Google, Like Microsoft, Saves Billions Through Tax Havens, and 201 more...
Created by dipity on Apr 17, 2009
Last updated: 10/30/10 at 12:06 AM
Excerpt
...Public Interest Research Group, New York's taxpayers pay $8.43 billion a year to offset the revenue lost through offshore tax havens. Mr. Owens also used his television advertisement to correct a misleading statement made by Mr. Doheny in a prior spot. Mr....
Source Info
Watertown Daily Times
http://www.watertowndailytimes.com/article/20101024/NEWS03/310249961/
Excerpt
...a generous taxation scheme. Google Netherlands then sends "about 99.8 percent of what it collects" to Bermuda, the mother of tax havens. "Google's practices are very similar to those at countless other global companies operating across a wide range of industries,"...
Source Info
PC Magazine
http://feeds.ziffdavis.com/~r/ziffdavis/pcmag/breakingnews/~3/rUd_FVyn1RQ/0,2817,2371335,00.asp
Excerpt
...has been listed as one of the top tax havens for retirees, Kiplinger said. The publication cited the Lone Star State's lack of a state personal income tax, and 6.25 percent sales tax rate (local taxes can raise that rate to 8.25 percent). Also, for homeowners...
Source Info
Austin Business Journal
http://feeds.bizjournals.com/~r/bizj_austin/~3/WS3EWaTiOh8/daily16.html
Excerpt
...up to $50,000, Kiplinger says. A minus is the state sales tax running up to 7.5 percent rate. Other states listed as retiree havens are Washington, Nevada, Colorado, South Dakota, Texas, Tennessee and New Hampshire. Another plus for the Sunshine State is five...
Source Info
South Florida Business Journal
http://feeds.bizjournals.com/~r/bizj_southflorida/~3/zagoj5SCJbk/daily11.html
Excerpt
Asking hard-working Canadians to subsidize multinational corporations that take advantage of offshore tax havens is "inherently unfair," Canada's Finance Minister Jim Flaherty said Monday in unveiling a national plan to improve tax fairness for all
Source Info
Inside Toronto
http://www.insidetoronto.com///article/42617
Tax Havens web site of the OPM Corporation and Caporaso & Partners Law Office
www.easystockdater.com Worlds Most Secretive Tax Havens. Ranked.
Gayle Allard, IE Business School Professor, talks to us about the new interest in fiscal havens due to the economic crisis, and on the changes in both OECD's grey and the black list. (language/idioma:English/inglés)
Sony Kapoor on the rise of Goldman Sachs and the need to democratize the economy
Kapoor: We may see long term depressed growth of the economy or even a more radical depression
Excerpt
...The Organisation for Economic Cooperation and Development has taken Switzerland off from the list of non-cooperative tax havens, following the country signing 12 taxation agreements. An OECD official from Paris told PTI over phone that Switzerland has been...
Source Info
Times of India
http://economictimes.indiatimes.com/News/Switzerland-moves-out-of-grey-list-of-tax-havens/articleshow/5069166.cms
Excerpt
...global as well as domestic significance. The one target on which our prime minister should train his sights is the secrecy that tax havens offer. This will not be easy, for no fewer than 30 havens are in crown dependencies, British overseas territories or...
Source Info
Comment Is Free
http://www.guardian.co.uk/commentisfree/2009/sep/23/tax-havens-g20
Sony Kapoor pt. 4: One-third of all global economic activity passes through tax havens, with very little difficulty For more visit: www.therealnews.com
Excerpt
...loan package. Any suggestion that Britain will have to rescue offshore financial centres would be extremely controversial as tax havens drain the UK economy of an estimated £25bn annually through their role in aggressive tax avoidance and evasion. Vince Cable,...
Source Info
Guardian Unlimited
http://www.guardian.co.uk/business/2009/sep/13/british-tax-havens-need-bailouts
Interview with Cayman Islands Stocks Exchange Chairman Anthony Travers (Bloomberg News)
Excerpt
...tax haven. However, after the economic and political turmoil of the year 1966, this stable tax haven was destroyed. Other tax havens like Liberia, some Pacific based tax havens, and Tangier have suffered a similar fate. Among the best tax havens, Dubai [...
Source Info
Rediff
http://business.rediff.com/report/2009/aug/26/perfin-a-note-on-the-tax-havens-of-the-world.htm
People & Power reports on the hunt for tax havens, and looks at the pre-election situation in the Ivory Coast.
Discussing the deal between UBS and the Justice Dept. over clients' Swiss accounts, with Dan Mitchell, Cato Institute; Joe DiGenova, former US attorney; and CNBC's Larry Kudlow.
THE JOKER HAS WORDS WITH THE POLICE - but JERSEY TAX HAVEN is ONE BIG Step AHEAD - LAUGHING!!! $1000000000000 = 1 TRILLION BUT 23.7 (TWENTY THREE POINT SEVEN) TRILLION TAXPAYERS BAILOUT... OUT OF EVERY 30 US DOLLARS OF TAXPAYER BAILOUT GOING TO OFFSHORE TAX HAVENS - ONLY ONE DOLLAR GOES TO THE US PUBLIC... ALL GONE TO FOREIGN TAX HAVENS... LIKE THE TINY BRITISH TAX HAVEN OF JERSEY in the CHANNEL ISLANDS!!! [ONE OF THE RICHEST COUNTRIES IN THE WORLD!!!]...
Excerpt
...placed in Parliament today shows that 60 per cent of investments abroad by Indian companies last fiscal were routed to tax havens. Of the $16 billion invested by Indians in 2008-09, almost $10 billion was routed to countries listed as tax havens. The top three...
Source Info
Expressindia.com
Related Topics
http://www.financialexpress.com/news/India-Inc-loves-to-invest-in-tax-havens/499587/
The IRS is demanding Swiss banking giant UBS hand over identities of thousands of American clients who may have evaded taxes through offshore accounts in Switzerland, but UBS and the Swiss government are dragging their heels, with CNBC's Carolin Schober; Dan Mitchell, Cato sr. fellow; Nicole Tichon, US PIRG tax reform analyst; and CNBC's Bill Griffeth.
Excerpt
...Sarkozy said countries acting as tax havens to evaders would face sanctions. 'The writing is on the wall for tax havens wherever they may be,' said Brown. 'Tax transparency, full exchange of tax information and reducing tax avoidance are crucial for the health...
Source Info
Accountancy Age
http://www.accountancyage.com/accountancyage/news/2245527/france-britain-sanction-tax
Excerpt
...President Nicolas Sarkozy agreed at a summit in this Alpine resort to call for a March 2010 deadline for sanctions against tax havens that fail to bring their transparency up to international standards. "The world should be in no doubt that the writing is...
Source Info
Democratic Underground
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3955830
Talk on illegal funds stored in Tax havens by Prof: R. Vaidyanathan IIM Bangalore.
Excerpt
...legislation introduced by Senator Carl Levin (D-Mich.) would, among other things, tax corporations based in designated tax havens as U.S. corporations if they're managed and controlled here, too. While it's not yet clear how the proposals for change will play...
Source Info
Business Week
http://rss.businessweek.com/~r/bw_rss/europeindex/~3/d4YVNaxB9NM/db20090628_851524.htm
The US has pledged to bring an end to banking secrecy and pursue countries which open their doors to tax cheats. But critics have told Al Jazeera that the very nation leading the crackdown on tax havens is failing to tackle its own loopholes. Hamish Macdonald reports.
Excerpt
...30 billion euros in taxes each year - money that often ends up in the vaults of banks in Switzerland, Luxembourg and other tax havens bordering on Germany. The German finance minister has also caused a diplomatic rift with Switzerland and Luxembourg recently,...
Source Info
Deutsche Welle
http://www.dw-world.de/dw/article/0,,4417993,00.html?maca=en-rss-en-all-1573-rdf
G20 leaders from the world's 20 biggest economies have pledged a crackdown on tax havens as part of the fight to save the global financial system. Just a few months ago they vowed to blacklist the worst offenders, but one of the world's wealthiest tax havens has managed to avoid any uncomfortable scrutiny. In the third of his special reports, Hamish Macdonald travelled to Jersey, in the Channel Islands.
A third of all internationally invested private wealth is kept in the tiny landlocked country of Switzerland, where tax evasion is not recognised as a crime. But Switzerland is defiantly standing behind its policy of banking secrecy, despite a global attempt to crack down on tax havens. Al Jazeera's Hamish Macdonald reports.
Tax havens are widely blamed as one of the root causes of the global economic crisis. At the annual G20 summit in April, world leaders promised to launch a crackdown on tax havens. But so far, little has changed and governments appear to be taking no responsibility. Al Jazeera's Hamish Macdonald begins his investigation in the European principality of Monaco.
Excerpt
...leading the charge in support of federal legislation that would prevent foreign insurers from shifting profits into offshore tax havens to avoid U.S. taxes. "There is no reason U.S. taxpayers should continue to subsidize foreign insurers to the detriment of...
Source Info
The Connecticut Post
http://www.connpost.com/business/ci_12650976?source=rss
Two months ago G20 leaders pledged a crackdown on tax havens in response to the global financial crisis. But how much has changed? Hamish Macdonald speaks to Franck Biancheri, Monaco's foreign minister, about how the principality is adapting.
awareness about EIB investments to companies registered in tax havens - loans which total in the billions of euros annually. How is it that an institution with an explicit mandate to promote development in the global South is financing companies who purposefully weasel out of paying revenues to the world's poorest governments, while extracting their natural resources and disrupting the livelihoods of local communities? ... "tax havens" "tax fraud" EIB IFIs development "Counter Balance ...
Excerpt
...if they want to be part of the global economy they have to be willing to exchange information on tax." British overseas tax havens were put under pressure by the prime minister in April when he demanded that they end their culture of secrecy within six months...
Source Info
The Observer
Related Topics
http://www.guardian.co.uk/business/2009/jun/15/uk-multinationals-tax-avoidance
Establish a company or open a bank account in International tax havens. Consider the anonomity, as well as the business and tax advantages. Internet offshore banking and tax compliance. International tax havens include belize, Panama, seychelles, Gibraltar, Dominica. Banking internationally in a tax have is worth considering. www.toffsworld.com
Excerpt
...heads of state gathered for the London G20 meeting last month to talk about saving the world economy and doing something about tax havens they did so following an unprecedented rush among offshore tax jurisdictions to sign up to a host of treaties on information...
Source Info
VNUNet.com
Related Topics
http://feedproxy.google.com/~r/VnuBusinessPublicationsNews/~3/I7N8cEhWzd8/story01.htm
Excerpt
...(Reuters) - Switzerland will attend a high-level meeting on tax havens taking place in Berlin on June 23 after host Germany, the most vocal critic of Swiss bank secrecy, agreed to extend an invitation to Berne. Germany has been one of the main supporters of...
Source Info
Reuters
Related Topics
http://feedproxy.google.com/~r/reuters/businessNews/~3/RVLFf3Mj9x0/idUSTRE54O3DR20090525
5-4-09
Excerpt
...Obama has made clamping down on tax havens one of his key talking points. It is easy to see why he has taken this approach which enables him to sound both populist and patriotic. On the stump, Obama liked to joke that a building in the Cayman Islands that...
Source Info
Spectator Blogs: Trading Floor
http://www.spectator.co.uk/business/trading-floor/3615463/the-tax-havens-fight-back.thtml
Excerpt
...paid only 2.3 percent in taxes from an income of $700 billion, and in January 2009, 83 out of 100 U.S. corporations used tax havens. There is no shortage of offshore tax havens. Take your pick. Their names run from A to Z, from the smallest islands to all...
Source Info
Watertown Daily Times
http://www.watertowndailytimes.com/article/20090513/OPINION02/305139986/
Excerpt
..."check the box" rules allow the company to avoid paying taxes in both Sweden and the U.S. Q: What happens to money stored in tax havens? A: In most cases it stays there. Companies can avoid paying taxes on overseas profits indefinitely, as long as they don't...
Source Info
Asbury Park Press
http://www.app.com/article/20090510/BUSINESS/905100320/1003/rss08
Excerpt
...India, than if you create one in Buffalo, New York." You'd think Congress would be every bit as exercized about tax havens as it was about steroids. You'd be wrong. Initial reaction among Republicans, and many Democrats, was mixed: Fine if you want to after...
Source Info
St. Louis Post-Dispatch
http://www.stltoday.com/stltoday/news/stories.nsf/editorialcommentary/story/787456530BDB060D862575B000801BA7?OpenDocument
Vaidyanathan, IIM Bangalore - specch on Illegal funds of Indians abroad - Tax Havens - Part4, conducted by SJM, Swadeshi Jagaran Manch Tamilnadu. Visit mrv.net.in
Vaidyanathan, IIM Bangalore - specch on Illegal funds of Indians abroad - Tax Havens - Part1, conducted by SJM, Swadeshi Jagaran Manch Tamilnadu
Vaidyanathan, IIM Bangalore - speech on Illegal funds of Indians abroad - Tax Havens - Part1 at Chennai conducted by SJM, Swadeshi Jagaran Manch Tamilnadu. Visit mrv.net.in
Vaidyanathan, IIM Bangalore - speech on Illegal funds of Indians abroad - Tax Havens - Part1 at Chennai conducted by SJM, Swadeshi Jagaran Manch Tamilnadu
Excerpt
...tax bill only once they have paid taxes on foreign profits. He has also vowed to get tough with individuals who park funds in tax havens to avoid American tax, and proposes an extra 800 inspectors to root out the scofflaws. If the goal is to improve the tax...
Source Info
Economist
http://www.economist.com/world/na/displaystory.cfm?story_id=13611669&fsrc=rss
Excerpt
...like the Netherlands and Ireland offer to the American companies that use these places.," he says. "These countries are tax havens - not in the traditional sense, of offering secretive banking like Switzerland or the Cayman Islands - but in terms of offering...
Source Info
BBC News
http://news.bbc.co.uk/go/rss/-/1/hi/business/8036914.stm
They actually called a Press Conference- TO SUPPORT THE TAX HAVENS!!!!
Excerpt
...5, 2009 | Why, one may ask, is Obama taking on yet another huge fight by taking aim at foreign tax havens? Yes, it's unfair that multinationals pay an average tax rate of only 2 percent on their foreign revenues, and it's unfair that some wealthy Americans...
Source Info
Salon
http://www.salon.com/opinion/feature/2009/05/05/tax_havens/index.html?source=rss&aim=/opinion/feature
Update Sources