Latest News for: World tax havens

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A Nobel-prize winning economist says we shouldn't tax the wealthy because they'd find a way ...

Business Insider 12 Apr 2021
Wealth taxes have become an increasingly prominent topic as ... The US, where Warren has been continually pushing for a more permanent wealth tax to address inequality, has become a leading tax haven for the world's richest.One-off wealth taxes have gained traction recently.
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Joe Biden wants to put the world's corporate tax havens out of business.

TheNewsHOOK 10 Apr 2021
Joe Biden wants to put the world's corporate tax havens out of business ....
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How would a global minimum tax work and why is it needed?

The Guardian 09 Apr 2021
The Biden administration wants to end profit-shifting to tax havens by big tech firms ...
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Yellen pushes countries to 'give up the game' on corporate taxes

Urdu Point 08 Apr 2021
The tax plan incentivizes the whole world to give up the game," Yellen told reporters ... "We've made that clear to our European counterparts that we will not support a tax that is discriminatory towards American companies, but we do support taxation to make sure that companies have to pay a level rate throughout the world.
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Biden Calls for Global Minimium Tax Rate to Target US Companies In Tax Havens

The Epoch Times 08 Apr 2021
tax burden by shifting profits to low-rate tax havens. "I’ve also proposed a global minimum tax, which is being proposed around the world for U.S ... in tax havens," the president added.
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Biden proposes global reforms to end ‘profit shifting’ to tax havens

The Observer 08 Apr 2021
The world’s largest economy has long resisted calls for the global treaties that tax reformers argued were needed to ensure that powerful multinational companies pay their fair share of taxes ...What the US has put on the table … [is saying] we want the rest of the world to follow, we kill tax havens.
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Biden Open to Compromise With Republicans on $2 Trillion Infrastructure Plan

Hamodia 08 Apr 2021
... taxes for three years ... The Treasury report included an analysis showing a rising share of income from multinational corporations ending up in tax havens, along with data showing only a handful of countries in the world collect less revenue from corporations than the United States.
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Biden says he's open to compromise with Republicans on $2 trillion infrastructure plan

The Keene Sentinel 08 Apr 2021
... taxes for three years ... The Treasury report included an analysis showing a rising share of income from multinational corporations ending up in tax havens, along with data showing only a handful of countries in the world collect less revenue from corporations than the United States.
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The squeeze on tax havens is only just beginning

The Spectator 07 Apr 2021
According to a 2019 report from the IMF, tax havens cost governments around the world between $500-600bn of lost tax revenue each year. And the amount stashed away in these tax havens is truly enormous ... The Global Financial Crisis already caused politicians to look far more closely at tax havens and crack down on their activities.
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G20 takes step towards global minimum corporate tax rate

The Observer 07 Apr 2021
UK overseas territories top list of world’s leading tax havens ... The Republic of Ireland has a corporate tax rate of 12.5%, which is among the lowest in the world ... “This could pull the rug from tax havens the world over as it would make profit-shifting a waste of time,” he said.
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$1 trillion from developing countries land into tax havens annually: PM

The News International 07 Apr 2021
Citing the FACTI report, Prime Minister Imran Khan on Tuesday said that annually $1 trillion from developing countries land into the tax havens, or into properties and richer countries, being the one reason behind huge inequality in the world ... behind huge inequality in this world.
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Biden calls on Republicans to support massive US jobs plan

Al Jazeera 07 Apr 2021
“Do you think the rest of the world is waiting around? Do you think China is waiting around?” Biden asked rhetorically ... Separately, the Biden Treasury Department is proposing a global minimum corporate tax for nations around the world and to eliminate tax havens and deductions companies use to shift jobs and profits overseas, he said.
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Press Briefing by Press Secretary Jen Psaki and Secretary of Commerce Gina Raimondo, April 7, 2021

The White House 07 Apr 2021
... businesses.  I don’t know any small businesses in Rhode Island who are shielding their profits in tax havens around the world.  Like, it’ll level the playing field, raise more money, and allow us to invest in job creating, infrastructure, and job training.
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To halt '30-year race to the bottom,' Yellen calls for global minimum tax on corporations

Raw Story 06 Apr 2021
The proliferation of so-called "tax havens" around the world in recent years ... Commentators in Ireland are already fretting about what the Biden administration's push for a global minimum tax could mean for the country's status as one of the world's most welcoming tax havens.
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