Sentences with phrase «tax haven»

But what is a tax haven?

[a] tax measure such as that at issue in the main proceedings, which is, according to the referring court's description of its history and purpose, intended to prevent excessive capital flow towards the Netherlands Antilles and to counter the appeal of that OCT as a tax haven, comes under the tax carve - out clause cited above and remains, consequently, outside the scope of application of Article 47 (1) of the [Seventh] OCT Decision, provided it pursues that objective in an effective and proportionate manner, which is a matter for the referring court to assess.

no or only nominal taxation on the relevant income is the starting point to classify a jurisdiction as a tax haven;

By doing so, it does not fulfill tax haven criteria 2 and 3 (anymore).

In my view, the former Netherlands Antilles, since 2010 Curacao and St. Maarten, has countered the appeal of tax haven by its commitment and above all by the TIEAs it has concluded.

But for that you learn all about such subjects as money laundering, international tax, offshore financial centers and cybercrime — all from the comfort of your home or your Caribbean tax haven.

Congress should also follow the lead of the European Union and the International Monetary Fund effectively branded Britain a tax haven for Apple».

And of course my favorite non-BRICS, as it has a very USA - like economy in miniature (except a stable, growing economy and well - managed low - corporate - tax haven that uses direct democracy to decide tax issues) with a carbon cycle pricing scheme that could become a model for a made - in - America policy that puts revenues from carbon - emission - pricing in the pockets of the owners of the carbon cycle — the citizens, directly, British Columbia.

After three days of stalling and four partial statements issued by Downing Street he confessed that he owned shares in the tax haven fund, which he sold for # 31,500 just before becoming prime minister in 2010.

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.

Spartacus Chetwynd, «A Tax Haven Run by Women,» 2010.

A noted financial center and longtime tax haven, the territory tellingly contains more registered businesses than residents.

Retiring in Belize is a popular option for many people, not just because it is a tax haven, but also because it provides a fantastic climate to enjoy.

@marcelm I'm not Jim, so I can't explain what he meant, but being duped into being a money mule is worse than money laundering because you're being made a money - laundering patsy who ends up going to jail, rather than being a traditional money launderer who ends up retiring to a Caribbean tax haven.

We don't know for sure, but it wouldn't surprise us if the IRS tried to cut this tax haven to get more money in the hands of Uncle Sam.

However, many countries are beginning to crack down on the use of this tax haven and have signed tax - information exchange treaties with the tiny island nation, meaning the anonymity of account holders is less secure.

Specifically, the inclusion of certain regulated Canadian assets in the PFIC rules is improper because, unlike the Cayman Islands, Bermuda, or Luxembourg, Canada is certainly not a tax haven.

For the forward - looking person, an IRA represents a temporary tax haven during your working years to divert a portion of your personal income into savings on a tax - deferred basis.

The IRS has rules that prevent someone from putting too much money into a life insurance policy because such a policy may be seen as a tax haven.

Have you ever thought about investing in a Cayman Islands tax haven?

To help provide context, the Organization of Economic Cooperation and Development (OECD), a Paris - based group of 30 developed countries, uses three key attributes for identifying whether a country is a tax haven:

That compares to 25 % in other tax haven countries.

While a tax structure can vary from country to country, the one common characteristic of a tax haven is that it charges little or no taxes to non-residents who park their money or assets in that jurisdiction.

Traditional tax haven islands aren't havens at all for high - net worth Canadians, Keats said.

That's the advice Robert F. Keats has for snowbirds in his latest book, «A Canadian's Best Tax Haven: The U.S — Take Your Money and Drive!»

Keats» book attempts to illustrate how the tax rate for Canadians is lower in the U.S. than it is in tax haven islands for 12 out of 13 possible income streams.

While the bulk of the binary options brokers around the world have opted to shift their operations to a tax haven country in the Caribbean, HighLow has chosen to remain in Australia under the jurisdiction of the Australian Securities and Investments Commission (ASIC).

Amazon has been pointed out as the villain in a tax evasion scenario while every major corporation conducting business in Europe lines up in Luxembourg, with companies like Starbucks, Google, and others setup operations in what is essentially a tax haven.

«We want to work to ensure that Europe is not a tax haven for a certain number of Internet giants,» the digital economy minister, Fleur Pellerin mentioned.

It begs the question as to whether or not Amazon has any allies in the EU, and whether or not they know they've already stretched their welcome pretty thin by setting up shop in the tax haven of all tax havens, Luxembourg.

«Professor Spence said: «The issue of whether Amazon's deal with Luxembourg was a «sweetheart» one constituting state aid seems to deflect attention from the main issue here: namely, that Luxembourg has long operated as a de facto tax haven within the internal market, effectively depriving other EU governments, and the EU in general, of significant tax revenues.

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

The film focuses on a specific point in Kelly's career, «Grace Kelly, age 33 and having given up her acting career to focus on being a full time princess, uses her political maneuvering behind the scenes to save Monaco while French Leader Charles de Gaulle and Monaco's Prince Rainier III are at odds over the principality's standing as a tax haven.»

Penned by Arash Amel («The Expatriate «-RRB-, the story is set in 1962, when the city - state of Monaco got into a heated dispute with France, which had grown tired of the small principality being a tax haven.

March 28, 2013 • After the banking crisis in Cyprus, what country might take its place as the next popular tax haven?

Dating, service by Positives Malcolm Turnbull has taken a pummelling Parliament over his personal investments Caribbean tax haven, including two registered at Cayman Islands.

A tax haven and a popular travel destination, Jersey is the most southerly island of the British Isles, lying just 14 miles off the coast of northern France.

Corbyn said: «Labour will seek to amend the article 50 bill to prevent the Conservatives using Brexit to turn Britain into a bargain basement tax haven off the coast of Europe.

The company, which has given # 4.74 m to the Conservative Party since 2003, is registered in the UK but Lord Ashcroft is known to have extensive business interests in Belize, a former British colony and tax haven.

The challenge is for MPs of all parties to ensure the best deal for Britain, and that doesn't mean giving Theresa May a free hand to turn Britain into a bargain basement tax haven.»

He achieved this by transferring ownership of his business empire to his wife, Cristina Green, who lives in the tax haven of Monaco.

Its unique geographical location makes it a unique nice tourist destination, but its proximity to Africa makes it also an ideal independent outpost and an ideal tax haven for international corporations wishing to transfer capital to and from Africa.

«Every part of what has been a shadow banking system must come under the supervisory net,» he continued, arguing that the G20 summit would be the «beggining of the end» for the tax haven system.

One of the things the EU has done is to facilitate reciprocal credits among member nations of VAT credits for purchases from other EU members, which works, because none of the EU members is a tax haven with respect to VAT taxation, to avoid double taxation.

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

@user5751924 - a significant income of many tax haven countries (I don't know much about Mauritius in this regard, so couldn't say for sure it applies here) is that they will usually permit immigration to individuals who have over some certain threshold amount of money they're prepared to invest in the local economy (usually a quite large amount).

If you want to put jobs, the economy and living standards first, you must vote Labour to stop a landslide victory that could turn Britain into a barren tax haven run in the interests of billionaires.

If you want Brexit to be used to turn Britain into a low - wage tax haven, vote Tory.

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.

In a specially arranged interview with ITV News» Robert Peston on Thursday evening, Cameron confessed that he owned shares in the tax haven fund, which he sold for # 31,500 just before becoming prime minister in 2010.