Latest Tax haven Stories

2014-04-29 12:34:44

Advocates Urge Legislators to pass "Hospital Profit Transparency and Fairness Act" BOSTON, April 29, 2014 /PRNewswire-USNewswire/ -- At a State House press conference today, advocates presented lists of over 40 Massachusetts hospitals with money stored in offshore accounts (see list at the end of this release) and urged legislators to demand greater transparency in hospital finances by passing The Hospital Profit Transparency & Fairness Act (H3844). The initiative petition will...

2014-04-11 10:55:02

New study puts a cost on 'round-tripping,' a method investors use to avoid the tax collector Tax evasion is widely assumed to be an eternal problem for governments — but how widespread is it? For the first time, a new study, co-authored by an MIT professor, has put a cost on a particular kind of tax evasion, known as "round-tripping," that the U.S. government has been trying to thwart. In round-tripping, U.S. investors move funds to offshore tax havens, then invest in U.S. equity and...

2014-01-27 12:26:25

The Mainland's Tax Commissioner Plans to Increase Transparency NEW YORK, Jan. 27, 2014 /PRNewswire/ -- In an article published by South China Morning Post, Caplin & Drysdale's Elan P. Keller discusses China's plans to increase their cooperation with tax authorities and to push for greater transparency among all nations to reduce tax evasion. "This is catching on globally, and many other jurisdictions, such as China, are realizing the importance of greater tax transparency," said...

2013-10-08 23:24:30

Reportbuyer.com just published a new market research report: 2020 Foresight Report: No Safe Havens – Changes in Offshore Private Banking. London (PRWEB) October 08, 2013 Synopsis The report provides analysis, information and insights on regulations for curbing offshore tax evasion implemented by various governments across key markets and their impact on wealth management companies: •Intensive analysis of the measures being taken by some of the developed nations and emerging economies...

2013-05-29 23:15:32

High tech Special Economic Zone in the Cayman Islands is moving closer to its goal of having 100 companies by the end of 2013 following two successful and strategic outreach trips to the Silicon Valley and Toronto. Some companies quickly sign on to expand international operations by setting up a physical presence in the zone and others are in the process. (PRWEB) May 29, 2013 Cayman Enterprise City, a knowledge-based and high tech Special Economic Zone in the Cayman Islands, is moving...

Google May Be Taxed By The French Government
2012-11-01 05:10:52

Michael Harper for redOrbit.com — Your Universe Online According to French newspaper Le Canard Enchaîné, search giant Google is being asked to pay the French tax office 1 billion euros, or $1.3 billion. The newspaper claims the tax authorities are planning on using the payment to make up for revenues from France routed through Google Ireland. So far, neither the tax office nor Google have much more to say about the matter. According to the AFP new agency,...

Word of the Day
  • In the phrase to out-herod Herod, to be more violent than Herod (as represented in the old mystery plays); hence, to exceed in any excess of evil.
Herod refers to 'Herod the Great,' a Roman client king and 'a madman who murdered his own family and a great many rabbis.' According to the OED, the term is 'chiefly with allusion to Shakespeare's use' in Hamlet.