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A service for banking industry professionals · Sunday, January 17, 2021 · 534,663,294 Articles · 3+ Million Readers
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Bermuda Offshore Tax Havens Newswire

  • Published on Mar 12, 2019

    Report: EU To Add Bermuda To ‘Tax Blacklist’

    [Updated] The European Union is reportedly set to add Bermuda to their blacklist on Tuesday, according to a report today [March 11] from Reuters, while Bloomberg is reporting that “the United Arab Emirates, Bermuda, and several other jurisdictions are …

    Source: Bernews - Neutral
  • Published on Jan 5, 2019

    Britain’s offshore tax havens allowed to mint lookalike pound coins

    Philip Hammond is to let Britain’s offshore tax ­havens mint coins that look like the British pound – to help them stay secure. The Chancellor reckons the two-metal, 12-sided £1 coin introduced two years ago will give British ­over­seas territories an edge …

    Source: Daily Mirror - Left-wing
  • Published on Jan 2, 2020

    Explainer: Google and its double Irish tax scheme

    First things first, what is the double Irish? It’s best described as a loophole or a quirk in the Irish tax code that allows companies to incorporate or set up here while remaining tax resident elsewhere. It meant the likes of Apple and Google could place …

    Source: The Irish Times - Neutral
  • Published on Jan 1, 2020

    Google to end use of ‘double Irish’ as tax loophole set to close

    Google has overhauled its global tax structure and consolidated all of its intellectual property holdings back to the US, signalling the winding down of a tax loophole estimated to have saved American companies hundreds of billions of dollars. The internet …

    Source: The Irish Times - Neutral
  • Published on Jan 1, 2020

    Google to end ‘Double Irish’ tax scheme

    Google will stop using an intellectual property licensing scheme that let it delay paying US taxes, marking a major change in international tax practices. “We’re now simplifying our corporate structure and will license our IP (intellectual property) from …

    Source: City A.M. - Uncategorized
  • Published on Dec 26, 2019

    Butterfield Bank: A Conservatively Managed Offshore Bank Paying A Growing 4.7% Dividend

    Investment Thesis The Bank of N.T. Butterfield & Son (NTB) is a holding company headquartered in Hamilton, Bermuda, that owns and operates various offshore banks around the world. It has a long history of operations in the Caribbean, having been …

    Source: Seeking Alpha - Neutral
  • Published on Dec 11, 2019

    How Britain's tax havens imperilled the welfare state

    Does anyone really need to be a billionaire? If you earn £80,000, should you be taxed more for it? Labour’s 2019 manifesto has sparked a number of conversations about tax. The party’s ambitious high-tax, high-spend agenda would raise UK taxes to their …

    Source: New Statesman - Left-wing
  • Published on Nov 5, 2019

    Corporate tax avoidance demands a global solution

    Protesters lampooned tax havens in Brisbane, Australia, ahead of the 2014 G-20 summit. Multinational corporations have long avoided paying their full share of taxes. It’s a situation that infuriates many Americans — the idea that a large corporation can …

    Source: MarketWatch - Neutral
  • Published on Oct 17, 2019

    Brain Behind Wealth Tax Makes New Case for Soaking Billionaires

    As inequality surges, billionaires are under attack. At least some of the blame, or credit, can go to a 32-year-old University of California at Berkeley economist named Gabriel Zucman. After helping his professor and mentor, Thomas Piketty, crunch …

    Source: Newsmax - Right-wing
  • Published on Nov 16, 2018

    Corporate America flees zero-tax Caribbean havens after crackdown

    WASHINGTON ––Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the Cayman Islands and the …

    Source: Arizona Daily Star - Neutral
  • Published on Nov 15, 2018

    U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens

    Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the Cayman Islands and the Bahamas. They’re …

    Source: Insurance Journal - Neutral
  • Published on Oct 10, 2019

    EU removes Switzerland, UAE from tax haven list

    The European Union removed seven countries from its blacklist of tax havens, the bloc's finance ministers said in a statement on Thursday. The United Arab Emirates and the Marshall Islands were removed from the blacklist, while Switzerland was among …

    Source: Deutsche Welle - Public Broadcaster
  • Published on Oct 6, 2019

    The Berkeley economists advising both Warren and Sanders on their groundbreaking wealth tax proposals - Washington ...

    Elizabeth Warren and Bernie Sanders have the same two outside advisers to thank for shaping their wealth tax proposals: University of California, Berkeley economists Emmanuel Saez and Gabriel Zucman. Each presidential candidate wants to address wealth …

    Source: Google News - Uncategorized
  • Published on Oct 4, 2019

    EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland

    * EU blacklist to shrink to nine, including three U.S. territories * UAE to be removed after overhaul of rules on offshore companies * Switzerland to be dropped from grey list after tax reform * Decisions to be formalised next week by EU finance ministers …

    Source: Reuters - Neutral
  • Published on Jul 23, 2019

    Leaked papers reveal Bitature offshore links

    By FREDERIC MUSISIA prominent Kampala businessman benefited from an energy investment structured in Mauritius, which according to tax analysts, smacked of “a deliberate aggressive tax planning” to benefit from the Double Taxation Agreement (DTA) between …

    Source: The Daily Monitor - Uncategorized
  • Published on Jul 15, 2019

    Britain at centre of international “corporate tax haven network”

    Research by the Tax Justice Network (TJN) advocacy group shows how Britain is at the centre of an international web of tax havens, solely serving the profit interests of transnational corporations (TNCs). The study by the London-based group, which calls …

    Source: Axis of Logic - Gov't Propaganda
  • Published on Aug 14, 2019

    Africa: #MauritiusLeaks Reveals Tax Dodges

    “Based on a cache of 200,000 confidential records from the Mauritius office of the Bermuda-based offshore law firm Conyers Dill & Pearman, the investigation reveals how a sophisticated financial system based on the island is designed to divert tax …

    Source: Ghana MMA - Neutral
  • Published on Aug 14, 2019

    New tax data reveals Australians hold $100bn in offshore accounts

    Individual Australians hold more than $100bn offshore, spread across more than 1.6m accounts, according to new taxation office data collected under an international cooperation agreement. The Australian Taxation Office has already sent about 2,000 letters …

    Source: The Guardian - Neutral
  • Published on Jun 24, 2019

    Lloyds freezes 8,000 offshore bank accounts after money laundering crackdown

    Lloyds has frozen 8,000 accounts of offshore banking customers after they failed to provide identity information in response to a money laundering crackdown in Jersey. The lender asked thousands of account holders to provide extra “know your customer” …

    Source: The Independent - Uncategorized
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