Latest News for: Offshore tax world

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Why an online sales tax isn’t the cure the high street needs

New Statesman 01 Mar 2021
John Lewis, PC World and other major high-street retailers would lose more in online sales tax than they would save in business rates if one were used to pay for the other ... that declare most of their profits offshore, and domestic UK businesses who pay all our taxes here”.
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New BBC chair managed firm that funded controversial property company

The Observer 25 Feb 2021
While basing an investment fund in Guernsey is legal, the crown dependency is ranked as one of the least transparent financial markets in the world. The BBC has played a pivotal role exposing the scale and scope of legal offshore tax avoidance in crown dependencies, through its partnerships in the Panama Papers and Paradise Papers investigations.
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Nowhere to hide for super-rich tax dodgers

Business Day 27 Jan 2021
However, tax authorities around the world have been irked by nondisclosure of offshore trusts ... However, in the new world of tax disclosure outlined above, offshore trusts are very much on the Sars radar. Provided there has been compliance with all the relevant and complex tax rules regarding offshore trusts, no adverse tax consequences should arise.
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Estate Planning: 5 steps to leaving a remarkable legacy

Independent online (SA) 21 Jan 2021
At the opposite end of the scale are clients and families which can cope with a complex estate planning strategy, likely using multiple structures locally and offshore. In such an instance, the aim is to ensure orderly management of assets located all around the world to manage tax exposure and minimise various risks during and beyond your lifetime.
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For Whom the Bell Tolls: The State of Planet Earth at Year’s End 2020

GlobalResearch 12 Jan 2021
... $US21 and $US32 trillion – has been invested virtually tax-free through the world’s still-expanding black hole of more than 80 ‘offshore’ tax havens (such as the City of London Corporation, Jersey, Guernsey, the Isle of Man, Bermuda, the Cayman Islands, Hong Kong, Nauru, St.
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Academic studies differ on impact to Georgia taxpayers of Trump tax cuts

Henry Herald 29 Dec 2020
ATLANTA - The tax cuts President Donald Trump steered through Congress in 2017 will save the average Georgia household more than $39,000 over their lifetime, a new study has found ... “We used to have one of the highest corporate tax rates in the world,” Goodman said. “High corporate taxes drive capital offshore and that’s bad for American workers.
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Academic studies differ on impact of Trump tax cuts

Walker & Catoosa County News 29 Dec 2020
The tax cuts President Donald Trump steered through Congress in 2017 will save the average Georgia household more than $39,000 over their lifetime, a new study has found ... “We used to have one of the highest corporate tax rates in the world,” Goodman said. “High corporate taxes drive capital offshore and that’s bad for American workers.
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India Ranks High among Asian Nations in Corporate Tax Evasion

The Tennessee Tribune 24 Nov 2020
The State of Tax Justice reports that OECD countries are responsible for 59 percent of the $182 billion the world loses to private offshore tax evasion every year — just over $106 billion a year.” India is not a member of the OECD, but it has a working relationship with the organization.
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Inside Kelly Loeffler's offshore tax shelter scheme

Alternet 21 Nov 2020
taxation, the new disclosure of its use of Ugland House — for years pilloried and parodied as one of the most egregious examples of an offshore tax dodge in the world — sharpens questions about the company's true intent ... Offshore tax evasion costs Americans tens of billions of dollars every year.
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Kelly Loeffler marketed derivatives during Great Recession at world's most notorious tax haven

Democratic Underground 21 Nov 2020
... of the most notorious locations for offshore tax shelters ... taxation, the new disclosure of its use of Ugland House — for years pilloried and parodied as one of the most egregious examples of an offshore tax dodge in the world — sharpens questions about the company's true intent.
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The standout mutual funds you should be looking at

The National 18 Nov 2020
However, everybody needs exposure to the world’s biggest economy and Mr Owen tips mutual fund Legg Mason US Aggressive Growth as the best actively-managed option ... Tax position on mutual funds. Many living in the UAE are uncertain about their tax position when investing in mutual funds registered in other parts of the world.
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Glasses Half Full

Spin 04 Nov 2020
Yeah, but didn’t his ONE Foundation’s call for “offshore shell companies” around the world to be forced to pay taxes for the benefit of the poor in their home countries? ... The world is packed with way too many inescapable celebrities.
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How billionaires saw their net worth increase by half a trillion dollars during the pandemic

Business Insider 30 Oct 2020
In 2017, researchers estimated that about 10% of the world's GDP was stashed in offshore tax havens. A study in 2012 found that as much as $32 trillion was being held offshore by the world's wealthiest people ... The US alone is estimated to lose nearly $200 billion in tax revenues to offshore havens each year.

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