Latest Tax haven Stories

Other 'Notables' Considered Include IRS Commissioner Douglas Shulman and House Ways and Means Chairman Charles B. Rangel FALLS CHURCH, Va., Jan. 6 /PRNewswire-USNewswire/ -- Tax Notes, the weekly publication on federal taxation, announced its "2009 Tax Person of the Year" - a whistleblower from Swiss banking giant UBS whom it called "the Benedict Arnold of the private banking industry." (Logo: http://www.newscom.com/cgi-bin/prnh/20060914/TALOGO) In this week's issue, Tax Notes cited...

RAS AL KHAIMAH, UAE, December 11 /PRNewswire/ -- Ras Al Khaimah Free Trade Zone (RAK FTZ) marked its presence in a big way at the 9th World Free Zone Convention (WFZC) which was organised in Hyderabad from 9th to 10th December 2009. WFZC is an annual event and is "The No. 1 Meeting Place for the World's Free Zones". (Photo: http://www.newscom.com/cgi-bin/prnh/20091211/370614 ) Oussama El Omari, CEO of RAK FTZ had been invited by the organisers as a guest speaker on the topic...

NEW YORK, Dec. 1 /PRNewswire/ -- The global financial crisis, government pressure, changing market dynamics for an industry experiencing significant change, and rapidly evolving healthcare reforms are likely to drive up the effective tax rate for the pharmaceutical and life sciences industry, according to a report released today by PricewaterhouseCoopers entitled Pharma 2020: Taxing times ahead - Which path will you take? The industry's response to these trends, including diminishing...

RAS AL KHAIMAH, UAE, October 4 /PRNewswire/ -- RAK Investment Authority, the government agency responsible for attracting economic development and promoting the emirate of Ras Al Khaimah, issued a statement today addressing the concerns raised about security for the upcoming 33rd America's Cup to be held in February 2010. "The UAE and specifically Ras Al Khaimah is an extremely safe venue for the America's Cup. The Emirate of Ras al Khaimah has peaceful and friendly relations with...

The secretary-general of the Elysee said French President Sarkozy could walk out on next week's Group of 20 meeting if leaders fail to act on bank bonuses.In a radio interview, Secretary-General Claude Gueant -- Nicolas Sarkozy's chief of staff -- said a threat to walk out of the Sept. 24-25 G20 meeting in Pittsburgh should be taken very seriously, The Times of London reported Monday.The head of state is extremely determined as he was at the G20 in London a few months ago when he pushed for...

GEORGE TOWN, Grand Cayman, August 14 /PRNewswire/ -- The Organisation for Economic Cooperation and Development (OECD) added the Cayman Islands to its 'white list' of jurisdictions (http://www.oecd.org/dataoecd/50/0/42704399.pdf) that substantially implement international tax standards. The Cayman Islands recognition came about after the country signed its twelfth Tax Information Exchange Agreement (TIEA) with New Zealand, on 13 August 2009. Leader of Government...

Dodging tax laws costs African countries five times what they are given in aid in the course of a year, a group of seven economic watchdogs said Thursday. A study released by a collection of non-government groups called Counter Balance said loans supporting projects in Africa often go to companies that set up subsidiaries in Mauritius, an island nation off the coast of East Africa. The companies then do business in countries that have tax agreements with Mauritius, the EUobserver reported...

The U.S. Treasury Department said Friday Switzerland had agreed to a broader tax information exchange to be signed in the next few months. The agreement comes in the wake of a tax scandal that resulted in a $780 million fine earlier this year levied on Swiss bank UBS for helping hide assets from the IRS. In a statement, Treasury Secretary Timothy Geithner said the Obama administration was committed to reducing off shore tax evasion to help ensure that all U.S. taxpayers are playing by the...

Four step plan includes partnership with international law enforcement entities RAS AL KHAIMAH, United Arab Emirates, June 9 /PRNewswire/ -- To support the United Arab Emirates Federal Government as a partner for peace and promoter of law within the international community, we must put in place a robust action plan to stop the trafficking of arms, drugs and humans through Ras Al Khaimah. In my various trips to the United States, I have heard growing alarm from senior government officials...

TRENTON, N.J., June 2 /PRNewswire/ -- A webcast that provides information to individual taxpayers, business owners and tax professionals interested in taking part in New Jersey's Tax Amnesty program has been posted at TaxAmnesty.nj.gov. The webcast will remain on the site until the Amnesty program ends June 15. (Logo: http://www.newscom.com/cgi-bin/prnh/20090504/NY10210LOGO ) The webcast features Mark Wintermute, administrator of the Tax Amnesty program, answering a number of questions...