Tag Archives | tax haven

Tax Havens and Offshore Wealth

U.S. Corporations & Offshore Tax Havens

A massive leak of financial data to media outlets around the globe has spurred a series of investigations into offshore banking and tax havens. Documents detailing secret accounts were leaked to the Washington, D.C.-based International Consortium of Investigative Journalists. The non-profit group granted 38 media organizations access to the database. Corporate moguls, property tycoons, lawyers […]

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Is Media Furore Over Swiss Bank Secrecy Unfounded?

Swiss banking secrecy has come under fire recently because of the media focus on UBS, Credit Suisse and their US clients. With the volume of news dedicated to the subject you could be forgiven for thinking that bank secrecy in Switzerland is a thing of the past, that Switzerland has handed over the keys to […]

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Tax shelters are like ice bergs…

… because the 10% on top is glistening and gleaming and looks wonderful, and 90% of it that is hidden is filled with unknown dangers. The history of tax shelters in the United States has at best, been dubious, and at worst disastrous. The biggest problem with a tax shelter is that it is intrinsically […]

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The world is NOT flat, but taxes should be!

When one looks at the following list of countries, what words jump to the front of your mind? Macedonia Romania Kyrgyz Republic Estonia Lithuania Latvia Russia Serbia Ukraine Slovakia Georgia Corruption? Mafia? Ethnic cleansing? Danger? War, famine death and pestilence? (more…)

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Tax Haven Monaco to Start Recording Finance Figures

The world’s second smallest country and popular tax haven Monaco is to start collating and publishing figures showing it’s GDP for the first time. Recognizing that collecting financial information could put off wealthy individuals moving to Monaco, the government has told those businessmen taking part that all information will be kept confidential, and will not […]

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Co-operation in Tax Transfer Crackdown

Talks are under way with tax authorities in 10 Pacific region countries, as well as in traditional tax havens such as the Channel and Cayman islands, as part of a 33-nation OECD initiative against illegal tax transfers. Australia’s largest tax fraud investigation, Operation Wickenby, was launched after the Australian Taxation Office discovered high-profile people were […]

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Ras Al Khaimah Offshore Tax Haven in UAE

Investors looking for a new tax haven will now have a second option in the UAE with the launch of new offshore facility by the government of Ras Al Khaimah. The initiative, called ‘International Companies Registry’, will allow foreign investors to register offshore companies in the Ras Al Khaimah Free Trade Zone without the need […]

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