October 20, 2018

‘Dirty money’: U-turn as Tories back plans to make tax havens transparent

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By Dan Sabbagh From The Guardian UK Government says it will support bill amendment to introduce public ownership registers in Britain’s overseas territories Britain’s overseas territories will have to introduce public ownership registers, after a minister announced the government would support a backbench amendment designed to stem the global flow of “dirty money”. Sir Alan […]

Dutch FIOD looks for black money at a bank in the Caribbean

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From Curacao Chronicle THE HAGUE – From hundreds of Dutch customers of a bank in the Caribbean is suspected that they have deposited black money there. The Fiscal Intelligence and Investigation Service (FIOD) has started a criminal investigation through a tweet but does not want to make any further statements about it. It is not […]

Stanford investing billions offshore in Central America and Caribbean, tax returns show

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By Brian Contreras From Stanford Daily Stanford has nearly 10 billion dollars invested in Central America and the Caribbean, analysis of the University’s tax returns shows. Held offshore in places like Bermuda and the Cayman Islands, much of this money is not subject to taxes, including the 1.4 percent tax on University endowment earnings implemented […]

The overlooked past of the ‘next PM of Greece’

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By NIKOLAS LEONTOPOULOS, INVESTIGATE EUROPE From EU Observer ATHENS The current leader of the Greek opposition, New Democracy party leader Kyriakos Mitsotakis, is odds-on favourite to become the next Greek prime minister. Both German and US media have dubbed him a “star of the people” offering Greece “a glimmer of hope”. A sworn reformist, he […]

Caribbean Tax Havens like Barbados face new pressure, with economic costs

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By Robert Looney From WPR Public interest in offshore banks and their financial services, particularly in the Caribbean, has risen considerably after revelations in two major leaks known as the Panama Papers and the Paradise Papers. The increasingly common practice of the super-rich, celebrities and political figures using Caribbean countries to shelter their income from […]

London offshore conference: ‘Paradise Papers’ seen as latest of myriad challenges

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By: Helen Burggraf From International Investment London offshore conference: ‘Paradise Papers’ seen as latest of myriad challenges It was inevitable, says Offshore Alert founder David Marchant, that the recent Paradise Papers scandal would be a major topic of conversation at the US-based investigative publication’s annual conference in London earlier this week, even though it broke […]

Experts urge Caribbean to take action against corporate tax fraud

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By Nelson A. King From Caribbean Life In the wake of the “Paradise Papers” leak, two United Nations human rights experts are urging Caribbean and other states to take action against corporate tax fraud. The experts on Friday also urged ratings agencies to downgrade businesses responsible for unethical practices, such as tax evasion, carried out […]

Paradise Papers expose Latin America’s tax haven seekers

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From telesur Politicians, social organizations and businessmen across the region have opened offshore companies and accounts for tax havens. The 13.4 million documents released this weekend, dubbed the Paradise Papers, have shown that among the prominent world figures with offshore accounts, a number of Latin American politicians are under investigation. Some of the top profiles […]

The Scotsman’s Bill Jamieson: is it so bad to avoid tax within the law?

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By BILL JAMIESON From The Scotsman The reporting of the so-called Paradise Papers suggests tax avoidance is morally wrong but is it really so bad to limit how much you pay within the law? Feast your eyes on the tax haven secrets of the rich and powerful! Fortunes hidden in offshore accounts! Few exposures have […]

U of T’s endowment, pension funds have investments in two offshore tax havens

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By ROBERT CRIBB From The Star The pension fund holds shares in WLR IV Loans AIV Feeder (Cayman), Ltd., part of a web of offshore companies traced to U.S. Secretary of Commerce Wilbur Ross, who founded a coal company implicated in the deaths of a dozen miners and an investment company fined $2.3 million (U.S.) […]