Latest News for: World tax havens

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How America quietly lost 2,700 ships

Business Insider 18 Jun 2021
AP Photo/Seth Wenig Since 1960, America's cargo fleet has fallen from 16% of the world's fleet to 0.2%. It's thanks to the government slashing support of shipping, and the rise of overseas tax havens ... At the time ocean shipping took over the world, America gave up on the shipping industry.
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Nobody Dodges Taxes Like the Super-Rich

Dissident Voice 17 Jun 2021
He wants to close a loophole that allows appreciated assets to pass tax-free to heirs ... The list of tax havens is extra-long, heavy on islands but including major countries and cities ... haven is the newbie South Dakota, “which has quietly made itself the world’s leading money haven, crushing former go-to shelters…” Of course, it has plenty of company.
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Hungary Jumps Up Five Places in IMD Competitiveness Report

Hungary Today 17 Jun 2021
Global Corporate Tax Proposal Unfair to Eastern Europe ... 21% corporate tax. The reasoning behind it is that multinational companies have been increasingly taking advantage of tax haven countries around the world to avoid paying taxes, resulting in massive losses in tax revenue.
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Sean Hannity says getting rid of “tax haven” countries “will end in worldwide economic disaster”

Media Matters 15 Jun 2021
so he's trying to conspire with the world's other socialist countries to ensure there is no tax haven ...
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UAE strives to preserve attractive edge for foreign investments

The Arab Weekly 14 Jun 2021
While the agreement is the first step in a long process before it can become a reality, caught in the crosshairs are tax havens that attract firms such as Amazon, Apple, Google and Facebook. The United Arab Emirates entered the world’s top ten tax havens for the first time in March, according to the Tax Justice Network.
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REUTERS: Cayman Islands could find a way around global tax reforms

Business Day 14 Jun 2021
The offshore tax haven is in theory swept up in global reforms that could put a blanket charge on companies, an effort by world leaders to reduce profit shifting and raise some revenue after a year of government stimulus ... Still, if a multinational pact falls short of its goals, and it likely will, tax havens such as the Caymans will stay intact.
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Behind the spectacle of the G7 summit, global tax reform was the big event | ...

The Guardian 14 Jun 2021
Before world leaders met in Cornwall, finance ministers had made an agreement that could spell the end of tax havens G7 summits nowadays are mostly fields of the cloth of ...
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G-7 leaders agree on vaccines, China and taxing corporations

Federal News Radio 14 Jun 2021
... countries grow while fighting climate change and backing a minimum tax on multinational firms ... The G-7 also backed a minimum tax of at least 15% on large multinational companies to stop corporations from using tax havens to avoid taxes, a move championed by the United States.
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Tax or no tax, UAE aims to remain magnet for investors

Arab News 13 Jun 2021
While the agreement is the first step in a long process before it can become a reality, caught in the crosshairs are tax havens that attract firms such as Amazon, Apple, Google and Facebook. The United Arab Emirates entered the world’s top 10 tax havens for the first time in March, according to the Tax Justice Network.
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How UAE aims to remain a magnet for investors

Live Mint 13 Jun 2021
While the agreement is the first step in a long process before it can become a reality, caught in the crosshairs are tax havens that attract firms such as Amazon, Apple, Google and Facebook. The United Arab Emirates entered the world's top 10 tax havens for the first time in March, according to the Tax Justice Network.
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Sunset ahead for tax shopping by MNCs

Deccan Herald 13 Jun 2021
The call to make global companies pay more taxes has become sharper as the pandemic has gripped the world and created a healthcare emergency ... Whatever happens, the future is not bright for tax havens, places where companies are officially registered for tax purposes but have no ...
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Remarks by President Biden in Press Conference

The White House 13 Jun 2021
So many corporations have been engaged in what are essentially tax havens, deciding that they would pay considerably less than other — in other environs around the world ... as well — a minimum tax for corporations to pay for the profits they make anywhere in the world.
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The G7’s global corporation tax: bringing Big Tech to heel

Moneyweek 12 Jun 2021
But as the world economy globalised, it has increasingly fostered a complex web of ownership structures, tax havens and other jurisdiction-hopping that lets profit-making machines pay nugatory corporate taxes in places where they do lots of business.
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What's the G-7? An international economist explains

Beijing News 12 Jun 2021
The G-7 countries make up about 40% of the world economy, down from nearly 70% a few decades ago ... The world is facing profound challenges, from ... If successful, the agreement could mean the end of tax havens and a dramatic shift in how companies record their profits around the world.
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Newsmaker: Big tech and big tax

Gulf News 11 Jun 2021
Germany’s minister for finance Olaf Scholz, for example, described it as a “tax revolution”, adding “this is very good news for tax justice and solidarity and bad news for tax havens around the world ... havens to protect the wealthy and their hard-earned and highly liquid assets.
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