Search Results for: Tax Haven
8 countries removed from EU tax haven blacklist
January 24th, 2018
Eight jurisdictions have been removed from the EU’s list of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns. Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and ...
EU commission wants ‘credible’ tax haven blacklist
November 8th, 2017
The European Commission is demanding that member states reach an agreement on an EU tax haven blacklist, in the wake of media revelations of widespread tax avoidance schemes by the wealthy elite known as the Paradise Papers. Pierre Moscovici, ...
Isle of Man: We’re no tax haven study concludes
August 2nd, 2017
The Isle of Man might be branded a tax haven by its critics. But that’s not the conclusion of research by academics at the University of Amsterdam. Their study ranks 24 ’sink’ and five ’conduit’ offshore finance centres – ...
European banks stashing billions in tax havens
March 27th, 2017
Europe’s largest banks are draining public coffers by stashing billions of profits offshore. A 52-page report, by international aid agency Oxfam out on Monday (27 March), estimates €25 billion of banker money ended up in tax havens in 2015. ...
E.U. Includes U.S. on List of Potential Tax Havens
February 6th, 2017
The European Commission views the United States as a potential tax haven, according to a draft list of 90 countries that Brussels views as problematic. Countries on the list, obtained by Handelsblatt, are categorized based on three risk factors ...
Dijsselbloem warns the U.K for turning into a tax haven
January 30th, 2017
Jeroen Dijsselbloem warned Britain not to “take a crazy backward step” on Tuesday. In an interview with the Dutch RTL, the President of the Eurogroup said that turning Britain into a tax haven would hurt both Britain and the ...
Malta accused of being tax haven as it takes EU presidency
January 11th, 2017
Country helped multinationals avoid paying more than £12bn in taxes from 2012 to 2015, says report from Green MEPs Malta has been accused of being a tax haven, just as it takes the helm of the European Union in ...
Mauritius Rejects ‘Tax Haven’ Label
December 27th, 2016
On December 16, Mauritius’s Financial Services Commission (FSC) and the Financial Services Promotion Agency (FSPA) condemned a Oxfam policy paper labeling Mauritius a tax haven. The FSC and FSPA pointed out that it is unfounded to claim that Mauritius ...
Japan: Anti-tax haven (CFC) proposals in 2017 tax reform
December 15th, 2016
The ruling coalition (the Liberal Democratic Party and New Komeito) on 8 December 2016 agreed on an outline of 2017 tax reform proposals, among which are proposed amendments to the Japanese anti-tax haven (CFC) regime. Under the proposed 2017 ...
Andorra to renounce banking secrecy as it sheds tax haven status
December 2nd, 2016
Pyrenees principality approves automatic sharing of information on accounts held by non-residents from EU countries Andorran lawmakers have agreed to end banking secrecy in the Pyrenees mountains principality, approving automatic sharing of information on accounts held by non-residents. The ...
