Latest News for: World tax havens


After $53 billion in European sales last year, Amazon paid $0 in corporate taxes

Raw Story 04 May 2021
"Amazon's revenues have soared under the pandemic while our high streets struggle," said Margaret Hodge, a parliamentarian from the British Labour Party and long-time critic of tax dodging ... Hodge, however, said that Amazon "continues to shift its profits to tax havens like Luxembourg to avoid paying its fair share of tax.".
photo: AP / Bernd von Jutrczenka
German Finance Minister and Vice-Chancellor Olaf Scholz, left, and his French counterpart Bruno Le Maire give a press conference in Berlin, Monday June 22, 2020.

Germany, France back 21% global minimum corporate tax proposal

Urdu Point 27 Apr 2021
"People are fed up with big companies for not paying their fair share of taxes," French Finance Minister Bruno Le Maire told Die Zeit weekly ... US President Joe Biden expressed outrage that many of the world's biggest companies have moved to tax havens or used loopholes and pay little to no tax, far less than some individuals.

Biden’s Ambition of Global Corporate Tax May End ‘Tax Haven’ in Hungary

Hungary Today 26 Apr 2021
It seems that now, global leaders from different countries have had enough of companies playing by their own rules, so under the leadership of Joe Biden, they want to end the heyday of tax havens ... collect the tax from the world’s largest companies, which have so far been hidden in tax havens.

Neil Woodford poised to set up new venture in Cayman Islands

This is Money 25 Apr 2021
The islands were dubbed 'one of the world's most notorious tax havens' by Oxfam last year, due to their light-touch regulatory regime and tax exemptions.� ....

Disgrsaced fund manager Neil Woodford could set up new venture in notorious tax haven of ...

The Daily Mail 25 Apr 2021
Disgrsaced fund manager Neil Woodford is poised to set up his new venture in notorious tax haven, the Cayman Islands ... Life's a beach ... The islands were dubbed 'one of the world's most notorious tax havens' by Oxfam last year, due to their light-touch regulatory regime and tax exemptions. RELATED ARTICLES. Previous 1 Next. JEFF PRESTRIDGE ... Share ... No fees ... .

American corporations are paying their fair share - to international tax havens

Business Insider 20 Apr 2021
Right now, US multinational companies are reporting the majority of their foreign profits in tax havens. A global minimum tax would make taxes around the world more uniform for those companies ... The truth is multinationals are still paying taxes, but they're increasingly paying into international tax havens such as Bermuda and Singapore.

Dutch ready to support US move to reform global corporate tax regime

The Irish Times 20 Apr 2021
In one example in 2019, San Francisco-based Uber Technologies responded to a European crackdown on offshore tax havens by ... The Tax Justice Network this year labeled the country the world’s fourth-biggest tax haven after the British Virgin Islands, the Cayman Islands and Bermuda.

David Cameron is accused of 'deep hypocrisy' over his chairmanship of tech firm based in ...

The Daily Mail 17 Apr 2021
David Cameron is facing yet more scrutiny over his role at a software firm based in 'offshore tax haven', Bermuda ... The company is based in Bermuda - which was dubbed the 'world's worst corporate tax haven' in 2016 by Oxfam ... regard their low-tax regimes as vital to their economies.

Ex-PM adviser to firm based in ‘worst tax haven’

The Times/The Sunday Times 17 Apr 2021
David Cameron has been accused of “deep hypocrisy” over his chairmanship role at a technology company based in the “world’s worst tax haven” ... of lower tax rates.

USA: Financial pressure continues on minimum corporate tax

Swords Today 16 Apr 2021
The pressure on the U.S.’s lowest global corporate tax continues ... It does not want to exclude the US from global tax competition ... Clearly, the implementation of this plan will have positive effects, as it is linked to various tax bases around the world and the European Union ... The city is one of the largest tax havens in the world.

Yours for £175million - a temple to bad taste: For years it's been a bejewelled ...

The Daily Mail 16 Apr 2021
As Nicholas Shaxson, a leading expert on tax havens once wrote, the fact that such properties as Apartment B.10.01 of the famous One Hyde Park development (pictured) even exist is 'a rather grotesque symbol of the UK's willingness to prostitute itself to the world's hot and dirty money'.

Joe Biden's corporate tax purge could bankrupt Irish unity project

Belfast Telegraph 15 Apr 2021
That would hit tax havens around the world and would have a major impact on the Irish Republic, which is one of the world's seven big tax havens ... Indeed, much of the Irish economy is built on having made the Republic not just one of the seven big tax havens, but the world's largest corporate tax haven.

A Nobel-prize winning economist says we shouldn't tax the wealthy because they'd find a way ...

Business Insider 12 Apr 2021
Wealth taxes have become an increasingly prominent topic as ... The US, where Warren has been continually pushing for a more permanent wealth tax to address inequality, has become a leading tax haven for the world's richest.One-off wealth taxes have gained traction recently.

Joe Biden wants to put the world's corporate tax havens out of business.

TheNewsHOOK 10 Apr 2021
Joe Biden wants to put the world's corporate tax havens out of business ....