- published: 26 Apr 2016
- views: 17254
Get more Tips here! www.destinationtips.com Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts. Here is a list of the top 10 Biggest Tax Havens in the World. (Ranking is based on a combination of its secrecy score and scale weighting) #10 United Arab Emirates One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement. A large slice of the inbound money comes in the form gold. Secrecy Score: 77% Tax Haven Status: Tiny #9 Bahrain An island of hospitality to banks and businesse...
For decades, presidents, drug smugglers and criminals have used a Panamanian law firm to hide their accounts and valuables. This is revealed in documents reviewed by media partners around the world, including NDR and WDR. A total of 370 journalists from 78 countries evaluated around 11.5 million documents in the course of their reporting on the “PanamaPapers.” An anonymous source provided the data to Germany’s Süddeutsche Zeitung. The paper then shared it with the International Consortium of Investigative Journalists (ICIJ) and partners across the globe, including NDR and WDR. http://www.daserste.de
James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play. In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world. The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands...
"Where do multinationals pay taxes and how much?" Gaining insight from international tax experts, Backlight takes a look at tax havens, the people who live there and the routes along which tax is avoided globally. Those routes go by resounding names like 'Cayman Special', 'Double Irish', and 'Dutch Sandwich'. A financial world operates in the shadows surrounded by a high level of secrecy. A place where sizeable capital streams travel the world at the speed of light and avoid paying tax. The Tax Free Tour is an economic thriller mapping the systemic risk for governments and citizens alike. Is this the price we have to pay for globalised capitalism? At the same time, the free online game "Taxodus" by Femke Herregraven is launched. In the game, the player can select the profile of a multina...
The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama. According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe. Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future. BERMUDA Ber...
What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore. Written by Kimberley Porteous and Marina Walker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and Patterson Clark.
A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX
A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it, during which time she trained to become a wealth manager and visited 18 offshore jurisdictions. SPEAKERS BROOKE HARRINGTON Associate Professor, Copenhagen Business School (Denmark) PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/01%20Inside%20the%20Secretive%20World%20%20of%20Tax-Avoidance%20Experts.pdf
Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens? Video transcript and images: http://explainedwithmaps.com/tax-havens/
Tax havens and off-shore banking are VERY broad and complex topic. Tax havens have risen from relative obscurity and offshore banking has become a very hotly debated topic. I hope this video brings light to anyone interested in the topic and serves as an informative introduction! ▼ Follow Me On Social Media! ▼ Twitter: https://www.twitter.com/cheaphouseswilm Instagram: https://www.instagram.com/teddysmithnc/ Pinterest: https://www.pinterest.com/teddysmithnc
The rich and powerful have hidden billions of dollars in tax havens. They thought their financial secrets were safe, but now a huge leak of documents has revealed a world of secrecy, lies and crimes. Reporter Richard Bilton exposes tax avoiders, criminals and world leaders who have been hiding their money and their secrets offshore.
Allan Bell, who steps down shortly as chief minister of the Isle of Man, talks to the FT’s Andrew Bounds about tightening global rules on tax transparency, diversifying the offshore centre and Apple’s dispute with the European Commission. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
In this part I introduce the various tax rates around the world.