Blog Posts - Tax Avoidance

Crackdown on tax loopholes announced by European commission

The EU executive has announced a further clampdown on offshore tax avoidance and shell companies in response to the Panama Papers.
by TaxWorldWeb on Jul 5, 2016

Singapore and Hong Kong sign up to corporate tax avoidance rules

Another 36 jurisdictions have signed up to new rules on corporate tax avoidance as a global crackdown on aggressive tax planning picks up speed.
by TaxWorldWeb on Jun 30, 2016

Italians shifted billions abroad last year to avoid tax – economy minister

Italian individuals and companies shifted billions of euros abroad last year to avoid paying taxes, the economy minister said on Tuesday, as the government considers re-introducing a tax amnesty to boost revenue.
by TaxWorldWeb on Jun 21, 2016

EU hails breakthrough deal to curb corporate tax avoidance

EU finance ministers hailed a major breakthrough in the fight against corporate tax dodging as they struck a provisional deal on legislation that they said would close gaping loopholes revealed by the LuxLeaks scandal.
by TaxWorldWeb on Jun 17, 2016

Parliament calls for crackdown on corporate tax avoidance

The EU Commission proposal for an EU anti-tax avoidance directive was welcomed by Parliament in a resolution voted on Wednesday. MEPs nonetheless advocated stricter limits on deductions for interest payments and tougher rules on foreign income. They...
by TaxWorldWeb on Jun 9, 2016

Multinational tax avoidance cost Australia $6bn in 2014, Oxfam report claims

The federal government lost an estimated $6bn in revenue in 2014 as a consequence of tax avoidance by multinational corporations with Australian operations, according to a new Oxfam report.
by TaxWorldWeb on Jun 9, 2016

Corporate tax: MEPs welcome plan for information sharing by national authorities

The European Commission’s proposal for automatic exchange of corporate tax information among national tax authorities was welcomed by Parliament on Thursday as “a positive step in the fight against aggressive corporate tax planning”...
by TaxWorldWeb on May 12, 2016

Some US states fall short on tax transparency, says Cameron

David Cameron has cast doubt on whether the United States could be truly considered part of a coalition committed to the fight against corruption, saying some US states fall far short on tax transparency and are less open than the UK’s crown depend...
by TaxWorldWeb on May 12, 2016

Mexico widens tax evasion probe in wake of Panama Papers-documents

Mexico is widening a probe into tax evasion by requiring banks to hand over names of local clients with transactions in tax havens, documents showed, weeks after the “Panama Papers” cast a spotlight on how the world’s rich and famou...
by TaxWorldWeb on May 12, 2016

U.S. Corporations Will Dodge up to $135 Billion in Taxes This Year

Tax inversion has been a hot-button issue for presidential candidates Donald Trump and Bernie Sanders, who’ve pledged to axe the practice should they win the White House. But whoever becomes Commander in Chief is going to need a pretty sharp blade.
by TaxWorldWeb on May 11, 2016

French minister urges UK to stamp out tax secrecy in its territories

The French finance minister, Michel Sapin, has urged Britain to go “right to the end” in stamping out tax secrecy it its overseas territories and crown dependencies that continue to act as tax havens for the wealthy.
by TaxWorldWeb on May 11, 2016

Germany attacks ‘illegitimate’ dividend tax avoidance scheme

The German government has again criticized schemes to help foreign institutional investors avoid a dividend withholding tax, following new media allegations of their widespread use, with Commerzbank pledging on Tuesday to stop offering such services...
by TaxWorldWeb on May 3, 2016

EU plans to tackle tax avoidance are a good start – but only a start

Country-by-country reports can spot the mismatch between where firms do business and where they are taxed but by themselves they will not end tax avoidance...
by TaxWorldWeb on Apr 12, 2016

Watch And Learn

Filed under: Entrepreneurship, Theory, Tool Kit Tagged: #Panamaleaks, #Panamapapers, benami, Money laundering, Mossak Fonesca, nominee directors, nominee shareholders, offshore banking, offshore companies, postaday, proxy, secrecy, shell companies, t...
by Wealthymatters on Apr 5, 2016

Watch And Learn

Filed under: Entrepreneurship, Theory, Tool Kit Tagged: #Panamaleaks, #Panamapapers, benami, Money laundering, Mossak Fonesca, nominee directors, nominee shareholders, offshore banking, offshore companies, postaday, proxy, secrecy, shell companies, t...
by Wealthymatters on Apr 5, 2016

Green MEP: Panama Papers show UK is at centre of global tax avoidance schemes

Molly Scott Cato MEP, Green Party speaker on economics and finance, has responded to the so called Panama Papers – around eleven million documents held by Panama-based law firm Mossack Fonseca, which reveal how the company has helped clients laund...
by wembleymatters on Apr 4, 2016

Tax evasion accounts for billions in lost revenue in LatAm and C’bean – ECLAC

The Economic Commission for Latin America and the Caribbean (ECLAC) says evasion is one of the main weaknesses of the tax systems in the region’s economies, accounting for US$320 billion in 2014.
by TaxWorldWeb on Mar 16, 2016

A Shoppers Guide to Tax Dodgers in Truro

A Shoppers Guide to Tax Dodgers in Truro | My TruroThis is a great initiative! Well done to those involved. Now, how about an interactive map for the whole of Cornwall, not forgetting the Duchy of course - probably one of the biggest tax-dodgers of t...
by The Cornish Republican on Feb 29, 2016

Poorer countries handed role in tax evasion fight

Developing countries will be invited by G20 governments to join talks aimed at stopping multinationals dodge taxes in a bid to defuse tensions over their limited role in global tax reform.
by TaxWorldWeb on Feb 24, 2016

REVEALED: IKEA''s tax avoidance - more complicated than its flat-pack instructions?

A new reportcommissioned by the Greens in the European Parliament has revealed that furniture multinational IKEA has dodged €1 billion in taxes over the last 6 years using onshore European tax havens.IKEA is using a series of tax loopholes in diffe...
by wembleymatters on Feb 14, 2016

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