Sentences with phrase «offshore tax havens»

Six years ago, the consumer advocacy group, Canadians for Tax Fairness, released data that showed how firms and individuals were sheltering as much as $ 170 billion in offshore tax havens in 10 locations across the globe.

The U.K. Prime Minister, under fire for being slow to come clean about the scale of his offshore financial holdings, returned to the offense in Parliament, saying that most of the people baiting him were just as happy to use offshore tax havens when it suited them.

We'll also kept you updated over the leak of 11 million documents which revealed the use of offshore tax havens by the world's richest people.

Since the mid-1990s, multinationals based in the United States have increasingly shifted profits into offshore tax havens.

Traditionally, you had to work through offshore tax havens to create the trusts.

According to CBC News, he set up a trust in the Cook Islands, a well - known offshore tax haven, and deposited at least $ 1.7 million of his money.

«Apple wasn't satisfied with shifting its profits to a low - tax offshore tax haven,» said Senator Carl Levin, a Michigan Democrat who is chairman of the Senate Permanent Subcommittee on Investigations that is holding the public hearing Tuesday into Apple's use of tax havens.

«For too long governments have been letting companies stash their money in offshore tax havens while taxpayers are left to foot the bill.»

«Closing offshore tax havens to stabilise the financial sector, discourage tax avoidance and to help provide funds for the Green New Deal

The International Consortium of Investigative Journalists, a network of nearly 200 reporters from dozens of countries, used Linkurious during its Pulitzer Prize - winning reporting project on the Panama Papers, which exposed offshore tax havens using 11.5 million leaked documents from law firm Mossack Fonseca.

It allows private financiers and construction firms to make a killing out of public infrastructure, privately owned via offshore tax havens.

Regional assessment of the data by the Fair Elections Coalition for New York campaign demonstrates that offshore tax havens cost New York State $ 2.4 billion in annual tax revenues.

Huge sums that are supposed to fund the National Health Service are finding their way into yet more offshore tax havens, channelled through Private Finance initiative (PFI) projects.

That's the question at the heart of the controversy over offshore tax havens, whereby mostly wealthy individuals structure their financial affairs to minimize their tax burdens.

Details of the agency's plan follow media reports on the so - called Panama Papers, a leak of 11.5 million records from a Panamanian law firm that shed light on the use of offshore tax havens around the world.

The Vatican is denouncing offshore tax havens and financial instruments such as derivatives and credit default swaps as gravely immoral and unjust, calling them «ticking time bombs» that hurt the world's poor the most.

In the past fortnight, the government published the May 2010 Production Sharing Agreement with Caprikat and Foxwhelp, two companies registered in the secretive offshore tax haven of the British Virgin Islands.

The Center for Freedom and Prosperity was once funded by the Charles Koch Foundation and has actively lobbied for more liberalized tax laws, and for less scrutiny towards offshore tax havens.

The rest are held in the name of corporations registered in offshore tax havens.

In addition, the OECD estimates about 10 % of Greek GDP is lost to evasion — particularly rife in construction and tourism — much of it through aggressive use of offshore tax havens.

And yet this unit has broken important stories about how rich and powerful Canadians use offshore tax havens to evade the Canada Revenue Agency.

A leak of millions of files from the firm has cast a global spotlight on the creation of more than 200,000 companies in offshore tax havens, implicating scores of politicians and business figures.

Claridge and Stephen Bronfman, revenue chair for Justin Trudeau, came under scrutiny in November 2017 when the Paradise Papers were released, alleging questionable use of offshore tax havens.

The Broadbent Institute calls on the federal government to crackdown on tax loopholes and offshore tax havens used by the country's wealthiest Canadians.

Not the increasing numbers of people who make too little to pay any, but the folks with their offshore tax havens, tax shelters and armies of accounting wizards.

A massive document leak known as the «Paradise Papers» exposed how corporations, political figures and wealthy individuals have been using offshore tax havens to avoid paying taxes.

«122 billion pounds worth of UK properties are actually owned in offshore tax havens, many of which are controlled by the UK... What we need to be sure of is that those places also create open registries [like the Land Registry is doing in England and Wales] of who owns and sits behind the companies registered there.»

Why are some people allowed to enjoy the benefits of living here while sheltering much of their worldwide income in offshore tax havens?

They have spent decades ordering poor countries and failed states to sort out their problems with dodgy money, even while taking much of that dodgy money and ploughing it through their banks, their ritzy stores, their estate agents, and their offshore tax havens — with barely any questions asked or eyebrows raised.

He dismisses the questionable financial advantages of turning Britain into an offshore tax haven.

Bloomberg's charitable foundation has been transferring hundreds of millions of dollars to offshore tax havens, depriving the city of crucial revenue.

David Cameron has suggested a «critical mass» of participation in measures designed to reduce the effectiveness of offshore tax havens is close, as next month's G8 summit looms.

«Jeremy Corbyn has made it clear that, under his leadership, never again will this waste of taxpayer money be used to subsidise the profits of shareholders, often based in offshore tax havens,» Mr McDonnell said.

The more you earn, the higher your tax rate... unless you're Mitt Romney or Michael Bloomberg etc. who can afford accountants to find a million loopholes and help a rich person hide their money in offshore tax havens.

About, for instance, the $ 16 million Cayman Islands hedge fund that he's been operating as a sideline to his congressional duties (which Grayson insists is a «family investment partnership» registered in the offshore tax haven only because «the securities lawyers told us we had to do it that way»).

If I make a few million quid on the side, it doesn't make me a tax dodger, but channeling our profits through an offshore tax haven doesn't make me a tax dodger, if I rip off millions from public services, it doesn't make me a tax dodger.

May's pledge to turn Britain into an offshore tax haven if Europe did not play ball was almost as damaging as the Rudd speech.

Osborne vowed that a Conservative government would target tax evasion and offshore tax havens and he warned bankers: «I believe in the free market, not a free ride... If we find the money that should be going into stronger bank balance sheets is being unreasonably diverted into bigger pay and bonuses we reserve the right to take further action and that includes using the tax system.»

It can no longer be justified, and it makes Britain an offshore tax haven for a few.»

The Minister of Finance, Mrs. Kemi Adeosun, advised Nigerians to review any existing tax planning schemes, including those in offshore tax havens, in order...

The huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen of England's private estate, secretly invest vast amounts of cash in offshore tax havens.

With a little help from a cool cat and an offshore tax haven, Dick is destined for fame and fortune - tax free!

The agency said it's invested $ 1 billion to tackle the problem and currently has more than 990 audits and more than 42 criminal investigations underway related to offshore tax havens.

Forget the turquoise waters and white - sand beaches of offshore tax havens.

OTTAWA — Canadian tax authorities are on track to recover at least an additional $ 400 million this year as part of a campaign to crack down on tax evasion by big international companies and wealthy individuals, particularly those using offshore tax havens, a top official says.

The UK must now take the lead in combatting this problem by compelling its offshore tax havens to introduce public registers of beneficial ownership, so that we can discover who really profited from these deals.

Last week, the Paradise Papers leak made news headlines around the world, revealing that some of the world's biggest businesses, heads of state and globally renown figures have been sheltering their wealth in offshore tax havens.

«On the one hand, of course you recognize the resulting company will be Canadian, but it's hardly as if Canada is an offshore tax haven, and Tims and Burger King have very similar market caps at the deal value,» he says.