Search Results for: Tax Haven
RAK, UAE, and traditional tax havens
September 25th, 2015
What is the difference between the United Arab Emirates (UAE) and other popular tax havens? Why more and more international traders and investors find the UAE to be one of the best places to incorporate offshore companies for various ...
When Spanish firms use tax havens
June 2nd, 2014
Almost all of the 35 companies listed on the Spanish stock exchange use tax havens, according to a report from Observatorio RSC, an organisation that monitors corporate social responsibility. The figures, based on company reports for 2012, show a ...
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
Tax Havens Put U.S. Filers on Hook for $1,259 Each, Report Says
April 16th, 2014
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. “Tax haven abusers ...
New tax scandal as Ikea ‘avoids paying £775 Million in taxes using onshore havens’
February 15th, 2016
FURNITURE giant Ikea has been accused of underpaying a staggering €1 billion (£773 million) in taxes between 2009 and 2014. The Swedish firm is under scrutiny for using “onshore European tax havens”, according to a members of the European ...
Company tax deal is close, Paris and Berlin say
May 27th, 2021
International talks to rewrite the rules of cross-border taxation are in the home stretch with a deal possible in the coming weeks, the French and German finance ministers said yesterday. Nearly 140 countries are negotiating how to update rules ...
EU’s tax irregularities attract international attention
February 25th, 2021
Le Monde’s recent “OpenLux” revelations show that Luxembourg fails to act fairly within the European Union by offering low tax rates to corporates – underscoring the flaw of an unharmonised EU system, according to Jay Sanghrajka, partner at Price ...
EU Presidential debate hears call for minimum 18% corporation tax rate across the EU
May 20th, 2019
A debate among the lead candidates for the presidency of the European Commission has heard a call for a minimum 18% corporation tax rate across the EU. The call from the European Regulation Commissioner Frans Timmermans for the 18% ...
The Netherlands to tighten tax rules for foreign firms
November 28th, 2018
The Netherlands said it will tighten rules on tax breaks for foreign firms after facing criticism from the EU for offering complicated schemes for multinationals. Dutch authorities said they were cracking down on “letter box firms” with a Dutch ...
Top EU banks guilty of multi-billion tax fraud
October 23rd, 2018
Tax-scams operated by the EU’s top banks cost treasuries €55.2bn, a cross-border investigation has shown. The scams, dubbed “the biggest tax robbery in European history”, involved Deutsche Bank and Santander – the largest lenders in Germany and Spain. They ...