Tax evasion

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Letters to MoneyWeek: What does tax avoidance mean today?.

A selection of letters sent in to the MoneyWeek office, and their replies. The post Letters to MoneyWeek: What does tax avoidance mean today? was first published on MoneyWeek.

- MoneyWeek - UK

Turkish President sues main opposition party leader: Report.

The Oppn party chief had on Tuesday demanded to know if Erdogan was aware that his family was sending millions of dollars of money to tax havens.

- Zee News - IN

Trudeau targets income inequality in Canadian Confederation speech.

Trudeau also noted Ottawa has committed almost $1-billion to investigating offshore tax havens

- The Globe and Mail - CA

My mother and Mao, Singapore taxes and the rise of Hong Kong property: the Robert Kuok memoirs.

Malaysian-born billionaire Robert Kuok has just published his memoirs – due out at bookshops this weekend – but they are by no means a tell-all. For starters he reveals few clues on the decades-old question of who will succeed him at the helm of the corporate empire he built from scratch in the post-war years. ...

- South China Morning Post - HK

EU May Include Turkey on a Blacklist of Tax Havens.

The European Union may include Turkey on a blacklist of tax havens as soon as next month, in a move that could further strain ties between Ankara and the world's largest trading bloc. An EU working group tasked with screening non-cooperative jurisdictions for tax purposes' concluded that Turkey's commitments to address ...

- Novinite - BG

Trump tax plan halts inversions but increases treaty shopping.

Some US multinationals have displayed a willingness to relinquish their American nationality and move their headquarters abroad. Such 'inversions' generally aim to avoid and minimise taxes. This column argues that the new Trump tax plan is likely to halt tax inversions by US multinationals. However, the plan will increase ...

- VoxEU - UK

EU mulls including Turkey on blacklist of tax havens.

The European Union may include Turkey on a blacklist of tax havens as soon as next month, in a move that could further strain ties between Ankara and the world's largest trading bloc.

- The Daily Star - LB

EU tax haven blacklist may include Turkey.

Turkey may end up on the EU's blacklist of tax havens, according to confidential documents seen by Bloomberg. The news agency on Thursday reported that the EU working group tasked with coming up with the list said Turkey had not made enough progress on transparency and still needed to abolish sweetheart tax regimes. The ...

- EU Observer - EU

SC takes notice of Pakistanis named in Panama Papers.

ISLAMABAD: The Supreme Court has issued notices to the federal government and National Accountability Bureau on petition against all the Pakistanis whose names are mentioned in the Panama Papers. A two-member bench headed by Justice Ejaz Afzal heard petitions on Thursday against 436 Pakistanis mentioned in the Panama ...

- Geo.tv - PK

Ottawa claims it will reap $25 billion from tax cheats. That's wishful thinking.

The federal revenue minister's claim makes huge assumptions about how much money the CRA will ultimately recoup from tax evaders The post Ottawa claims it will reap $25 billion from tax cheats. That's wishful thinking. appeared first on Macleans.ca.

- Macleans.ca - CA

What the foreign direct investment data tell us about corporate tax avoidance.

- Financial Times - US

Budget 2017: How to make a downbeat forecast sound better. Say 'tech' a lot?

Trebling comp sci teachers, digi tax evaders clampdown The world is on the brink of a technological revolution,' UK chancellor Philip Hammond declared in Blighty's Autumn budget today. We choose the future; we choose to run towards change, not away from it.'…

- TheRegister - UK

Swedish business chief quits over Paradise Papers link

Leif Ostling initially complained about high taxes after offshore investments were revealed

- Financial Times - US

Hammond targets tech giants on tax avoidance to raise £200m a year

The chancellor has put tech firms firmly in his sights, announcing a change to the way online businesses are taxed from which he hopes to boost the government's coffers by £200m. Philip Hammond said he will introduce a "tax on royalties" that means companies will have to pay tax on royalty payments that are made in ...

- City AM - UK

A bolder chancellor would seize this moment to reboot Britain

It is fair to say that Philip Hammond has not emulated the theatrical tendencies of some of his forebears when it comes to Budget statements. George Osborne, his predecessor, followed in the footsteps of Gordon Brown, building up anticipation levels weeks before the event, and always finding some sort of rabbit to pull out ...

- City AM - UK

Murkowski says she backs Obamacare mandate repeal

Sen. Lisa Murkowski says she supports GOP efforts to repeal the Affordable Care Act's individual mandate, the Alaska Republican wrote in an op-ed for a local newspaper Friday.'I have always supported the freedom to choose,' Murkowski wrote in her op-ed for the Daily News-Miner, an Alaska newspaper. 'I believe that the ...

- POLITICO - US

'Close all tax havens'

The Panama Papers confirm that the rich are becoming richer and hiding that wealth in different offshore tax havens

- Daily Monitor - UG

U.S. jury clears ex-Swiss banker of aiding tax dodgers

A former Swiss banker was found not guilty on Tuesday of U.S. charges that he conspired to help Americans hide millions of dollars in offshore accounts to evade taxes. Stefan Buck, who was head of private banking at the now-shuttered Zurich-based Bank Frey & Co, was acquitted by a federal court jury of conspiring to defraud ...

- Yahoo! News - US

Corruption is the real story of the Paradise Papers

Much of the response to the Paradise Papers has, so far, revolved around tax avoidance. While the opposition has said that it is awful, costs the UK economy billions, and that there must be a full public inquiry, the British government seems to have merely shrugged its shoulders and said it is all perfectly legal. Despite ...

- City AM - UK

Labour proposes penalising employers who unfairly categorise workers as self-employed

Businesses who unfairly categorise workers as self-employed should face penalties for tax avoidance, according to the Labour Party.

- BreakingNews.ie - IE

NA passes Bhutan-Bangladesh double tax avoidance agreement

The National Assembly endorsed the double taxation avoidance agreement between Bhutan and Bangladesh yesterday. Signed during the visit of Bangladesh Prime Minister Sheikh Hasina to Bhutan in April 2017, the agreement plans to do away with double taxation of incomes between the two countries. In the presence of 38 MPs, the ...

- Kuensel Newspaper - BT

Journalist Explains How Panama Papers Opened Up The World's Illicit Money Networks

Reporter Jake Bernstein helped break the story of the Panama Papers, the leaked documents that detail the offshore tax havens of the super rich. His new book is Secrecy World.

- NPR - US

NA endorses DTA Agreement between Bhutan and Bangladesh

The National Assembly, today, passed the Double Taxation Avoidance Agreement between the governments of Bhutan and Bangladesh. The agreement will now be forwarded to the National Council for deliberation. The post NA endorses DTA Agreement between Bhutan and Bangladesh appeared first on BBS.

- BBS - BT

Italy plans tax crackdown on US internet groups

Levy on services such as advertising on Google and Facebook 'an attack on avoidance'

- Financial Times - US

Collins: I Haven't Decided Whether I'll Vote For Tax Bill With O'Care Provision

Sen. Susan Collins , who voted against the Senate's previous effort to repeal Obamacare, on Sunday said she has not yet decided whether she will vote against a tax bill that includes a provision repealing Obamacare's individual mandate.“I haven't reached that conclusion yet, because I think there are going to be ...

- TPM News - US

Bernie Sanders Avoids Saying Whether or Not Al Franken Should Resign

Senator Bernie Sanders appeared on CNN this morning to talk about the Republican tax plan, but Jake Tapper also asked him about colleague Al Franken.

- Mediaite - US

The true price of paradise

The so-called Paradise Papers have highlighted the use of far-flung remnants of the British Empire as tax havens. The bargain tax rates are looking increasingly costly, says Simon Wilson. The post The true price of paradise was first published on MoneyWeek.

- MoneyWeek - UK

In Chile, Former President Favored in Sunday Vote

Voters in Venezuela are going to the polls Sunday to select a president. Billionaire businessman Sebastian Pinera is favored to win, but is not expected to gain the 50 percent of the ballots, needed to avoid a December runoff. Pinera, who is 67, ran a campaign proposing to cut taxes on businesses to promote growth. The ...

- Voice of America - US

Panama Papers have hardly helped in extracting tax: officials

ISLAMABAD: More than a year since issuing notices to the Pakistanis mentioned in the Panama Papers, the country's tax officials are losing hope of obtaining information about the money used to buy assets abroad.In September 2016, the intelligence directorate of the Federal Board of Revenue issued 344 notices to owners of ...

- DAWN - PK

Paradise Papers data files reveal industrial scale tax abuse

Paradise Papers data files reveal industrial scale tax abuse17 November 2017Following the release of data on thousands of companies and individuals registered with Appleby, the law firm at the heart of the Paradise Papers scandal, Susana Ruiz, Oxfam's policy advisor on tax

- Oxfam International - UK

Tax reform roadblocks emerge in Senate

Sens. John McCain and Lisa Murkowski have been wildcards, avoiding taking a public position on the proposal.

- POLITICO - US

European Parliament debates Paradise Papers tax claims

The European Parliament has had an urgent debate on the so-called Paradise Papers.

- BBC - UK

House Passes Bill that Offshores American Jobs and Profits

Financial Accountability and Corporate Transparency CoalitionThe U.S. House of Representatives on Thursday passed the Tax Cuts and Jobs Act' — legislation that will reward offshore tax haven abuse and increase the incentive to outsource American jobs abroad, according to the Financial Accountability and Corporate ...

- Common Dreams - US

The Brief: Overtaxation transports moral people to Paradise

In total, 130 Greek names were on the Paradise list and one of them was Mareva Grabowski Mitsotaki, the spouse of the conservative opposition's leader, New Democracy's Kyriakos Mitsotakis. Grabowski Mitsotaki was allegedly the manager of a mutual fund based in the Cayman Islands.

- EurActive - UK

MEPs ponder how to fight tax havens

After Paradise Papers brought new revelations about tax dodging across the globe, including in the EU, the European Parliament wonders how to step up the fight.

- EU Observer - EU

HSBC bank to pay France €300m to avoid tax fraud investigation

HSBC Private Bank, a Swiss unit of banking giant HSBC, said on Tuesday it had agreed to pay 300 million euros to France to avoid a long-running investigation into help to French clients to hide money from the tax authorities. The deal is the first under a French system introduced in 2016 allowing companies to settle without ...

- EU Observer - EU

Sessions Avoids AT&T Talk, G.O.P. Merges Taxes and Health Insurance: DealBook Briefing

The attorney general refrained from offering his view on the proposed deal, as the Justice Department weighs whether to sue to block the transaction.

- New York Times - US

In wake of 'Paradise Papers' leak, UN experts urge States to take action against corporate tax fraud

Ratings agencies must downgrade businesses responsible for unethical practices such as tax evasion carried out through off-shore-registered companies, two United Nations human rights experts warned, while urging countries to cooperate to counter this global tax abuse problem.

- UN - INT

Game for the Wealthy: The Ongoing Battle against Tax Havens

The Paradise Papers offer only the most recent look into the widespread practice of tax avoidance. Governments around the world have taken steps recently to block such strategies, but it is unclear whether they will ultimately be successful.

- Spiegel Online - DE

Wolfgang Kubicki on Tax Havens: 'We Can Solve the Problem Unilaterally'

Wolfgang Kubicki of the business-friendly Free Democrats could end up being Germany's next finance minister. He spoke with DER SPIEGEL about what should be done about tax havens in the EU and further afield.

- Spiegel Online - DE

European Parliament to hold Paradise Papers hearing

The European Parliament will hold a special hearing about the 'Paradise Papers', the cache of leaks on tax avoidance practices that was revealed earlier this week by a group of media. The hearing will be held by the parliament's committee of inquiry into money laundering, tax avoidance and tax evasion, Green MEP Sven ...

- EU Observer - EU

Stopping the Scandals: five ways governments can end tax avoidance

Stopping the Scandals: five ways governments can end tax avoidance 8 November 2017When global corporations and the super-rich use tax havens to avoid paying their fair share, it is the poorest countries and people who lose most. This briefing lists five actions governments can take to tackle tax avoidance and end the era of ...

- Oxfam International - UK

Five steps governments can take to stop another Paradise Papers scandal

Five steps governments can take to stop another Paradise Papers scandal8 November 2017Governments must take five immediate steps to stop corporations and the super-rich cheating poor countries out of over $170 billion in tax revenues every year, said Oxfam today in the wake of the P

- Oxfam International - UK

Paradise Papers: Governments must free themselves of corporate lobby to stop tax dodging

Paradise Papers: Governments must free themselves of corporate lobby to stop tax dodging 6 November 2017 

- Oxfam International - UK

Paradise Papers exposes feeble political attempts to stop tax cheats

Paradise Papers exposes feeble political attempts to stop tax cheats5 November 2017Political leaders must put the interests of the people they represent over corporates and the super-rich if they are going to put a stop to tax scandals, like

- Oxfam International - UK

#ParadisePapers: Governments must free themselves of corporate lobby to stop tax dodging

#ParadisePapers: Governments must free themselves of corporate lobby to stop tax dodging 6 November 2017 

- Oxfam International - UK

#ParadisePapers exposes feeble political attempts to stop tax cheats

#ParadisePapers exposes feeble political attempts to stop tax cheats5 November 2017Political leaders must put the interests of the people they represent over corporates and the super-rich if they are going to put a stop to tax scandals, like

- Oxfam International - UK

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