Latest News for: World tax havens

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Four ways rich nations can keep promises to curb emissions and fund climate adaptation

Phys Dot Org 25 Oct 2021
... to tax havens ... Tax havens harm climate action. Tax havens have disproportionately siphoned off wealth from low-income countries, a post-Second World War legacy of former colonies gaining independence that prompted the exit of colonial wealth via the proliferation of tax havens.
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BVI inquiry hears claims of systemic corruption and jury intimidation

The Guardian 24 Oct 2021
More than 50 lengthy public hearings, and voluminous written evidence, have revealed a dark underside to the BVI, one of the biggest ...
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Bitcoin And The Internet Are Bringing The End Of Nation States

Bitcoin Magazine 23 Oct 2021
But why can’t a community emerge where citizens around the world can pledge support to the politicians who do want climate change policies? Why can’t they make that pledge a public, automatic commitment on the blockchain? It hasn’t happened yet because we haven’t gotten around to it.
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Badalona mayor to run in 2023 election despite Pandora Papers ousting

Catalan News 22 Oct 2021
The leaked Pandora Paper documents, which show the offshore deals and financial arrangements of current and former world leaders, unveiled links between the Badalona mayor and a company based in Belize, a tax haven in Central America, which also operated from Andorra.  ... He also criticized their "political incapacity and impotence."  ... .
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In Depth: Hong Kong’s Strategy to Break Cayman Islands’ Stranglehold on Offshore Funds

Caixin Online 21 Oct 2021
But regulations in offshore tax havens are being tightened up following pressure from governments around the world, including in the European Union, which has become increasingly concerned at the use of these jurisdictions by companies for money laundering, fraud, and tax avoidance and evasion.
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Almost all Tory voters agree company tax avoidance morally wrong, poll finds

The Guardian 21 Oct 2021
... Pandora Papers about widespread use of offshore tax havens by some of the world’s wealthiest people.
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Deal struck to oust conservative mayor after Pandora Paper revelations

Catalan News 21 Oct 2021
The Pandora Papers have had their first major impact in Catalonia.  ... The leaked documents, which show the offshore deals and financial arrangements of current and former world leaders, unveiled links between the Badalona mayor and a company based in Belize, a tax haven in Central America, which also operated from Andorra.  ... .
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Why poor nations remain poorThe world has never seen this level of amassing of wealth ...

Deccan Herald 20 Oct 2021
But the ICIJ has unearthed documents that reveal the setting up of dubious structures and trusts in tax havens to hide wealth. These cross-border financial flows are backed and facilitated by well-organised network of offshore tax havens that rely on intermediaries or ‘enablers’.
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Joe Biden’s global corporation tax deal: A prediction on what’s next

Power Technology 19 Oct 2021
Why have the nations of the world agreed to a new minimum corporation tax rate? And what happens to so-called "Google taxes" now? ... but it’s a lot better than 12.5% of not much, which is what they’d get in a SHIELD world Other tax-haven governments are probably making similar calculations at the moment.
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The Pandora Papers: Will the US Stop Hiding the World’s Dirty Money?

WhoWhatWhy 18 Oct 2021
Tax havens are a convoluted financial affair — so let’s clarify some key concepts uncovered by this latest leak of confidential documents and grapple with the calls for financial transparency in the US ... The United States has become a financial haven for hidden money, responsible for 17 of the world’s 20 least restrictive tax jurisdictions.
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Oil Extends Gain After Eighth Weekly Advance on Energy Crisis

Yahoo Daily News 18 Oct 2021
(Bloomberg) -- Oil advanced at the open of trading in Asia after an eighth weekly gain with the market facing a global energy crunch ahead of winter. Most Read from Bloomberg. The Biggest Public Graveyard in the U.S. Is Becoming a Park ... The World’s Rich and Powerful Are Stashing $500 Billion in This Tax Haven ... See also ... Julian Lee ... Asian demand for U.S ... .
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Middle East Stocks Advance as Oil Surpasses $85: Inside EM

Yahoo Daily News 18 Oct 2021
(Bloomberg) --. Most Read from Bloomberg. The Biggest Public Graveyard in the U.S. Is Becoming a Park. Why Buying a Second or Even Third Home Is Becoming More Popular Than Ever. Out-of-Practice Airline Pilots Are Making Errors Back in the Air ... The World’s Rich and Powerful Are Stashing $500 Billion in This Tax Haven ... READ ... Egypt’s EGX 30 Index rises 1.5% ... .
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Uber, Careem Said to Face $100 Million Bill in Saudi Tax Squeeze

Yahoo Daily News 17 Oct 2021
and its Dubai-based subsidiary Careem, with tax bills worth tens of millions of dollars, according to people with knowledge the matter ... The World’s Rich and Powerful Are Stashing $500 Billion in This Tax Haven ... Several of the companies are trying to negotiate with the kingdom’s Zakat, Tax and Customs Authority, they said.
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Global Energy Crisis Prompts Asia to Turn to U.S. for Oil

Yahoo Daily News 17 Oct 2021
(Bloomberg) -- Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract. Most Read from Bloomberg. The Biggest Public Graveyard in the U.S. Is Becoming a Park ... The World’s Rich and Powerful Are Stashing $500 Billion in This Tax Haven ... Most buyers are seeking U.S ... .
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Liza Horvath, Senior Advocate: The Pandora Papers explained

Monterey Herald 16 Oct 2021
The documents give insight into the wealth of some world leaders and show how they used tax havens, shell companies and trust agreements to hide assets ... The companies and owners of the “top” companies usually reside in tax havens both in the U.S ... making it an attractive tax haven.

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