• Top 10 Offshore Tax Havens You Can Still Stash Your Cash

    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...

    published: 26 Apr 2016
  • Tax Havens 101: the High Cost of Going Offshore

    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.

    published: 07 Apr 2013
  • KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

    A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world KPMG Canada devised what it called an “Offshore Company Structure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it. In the U.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency. A federal government inquiry vowing to get to the bottom of it went nowhere What was the accounting firm trying to hide? With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man of...

    published: 04 Mar 2017
  • Inside Story - Taking on the tax havens

    Subscribe to our channel http://bit.ly/AJSubscribe A new report has now revealed that some of the world's richest people have more than $30 trillion stashed in offshore assets, having exploited gaps in cross-border tax rules to move money overseas. Research commissioned by the campaign group Tax Justice Network says the value is as much as the gross domestic products of the US and Japan combined. Should tax havens be allowed to exist? Guests: Jean-Pierre Diserens, Myret Zaki, Sony Kapoor. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers...

    published: 24 Jul 2012
  • The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

    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...

    published: 23 May 2013
  • The top 10 most secretive tax havens | Guardian Explainers

    A world-class tax haven needs several key ingredients: a highly secretive banking system; a stable government that is happy to look the other way; and of course ultra-low taxes. Subscribe to The Guardianhttp://is.gd/subscribeguardian So as David Cameron gathers world leaders for a major anti-corruption summit in London, we look at the top 10 most secretive tax havens. 6x9 experience solitary confinement ► http://bit.ly/6x9gdn The Guardian ► http://is.gd/guardianhome Suggested videos: How to hid a billion dollars | The Panama Papers ► http://bit.ly/HowToHide1Billion 6x9: experience solitary - 360 video ► http://bit.ly/6x9360 Guardian playlists: Comment is Free ► http://is.gd/cifplaylist Guardian Docs ► http://is.gd/guardiandocs Guardian Features ► https://goo.gl/JThOzd Guardian...

    published: 12 May 2016
  • Major Banks Help Clients Hide Trillions in Offshore Tax Havens

    James Henry: US media and politicians mostly ignore massive untaxed wealth that big banks help rich move to tax havens

    published: 03 Aug 2012
  • Tax Havens: The Great Scam

    Tax Haven, tax avoidance, off-shore economy, taxation, tax system, tax, mispricing, Producer and director : François Jacob Animator : Jean-François Robichaud Narrator : Gabriel Brown

    published: 21 Nov 2012
  • How Tax Shelters Work

    A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX

    published: 22 Sep 2012
  • Transfer pricing and tax havens | Taxes | Finance & Capital Markets | Khan Academy

    How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan. Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboa...

    published: 08 Oct 2012
  • #MacronGate: Emmanuel Macron Tied To Offshore Tax Haven — LEAKED Documents Point To Tax Evasion

    Do these documents prove Emmanuel Macron's guilt in committing tax evasion? Why will no one talk about this in France? Don't you think the French people have a right to know about this corruption? --- Support Illustrated Philosophy --- FOLLOW: https://twitter.com/philosophicart LIKE: https://www.facebook.com/IllustratedPhilosophy PAYPAL: http://www.philosophicheart.com/donate PATREON: https://www.patreon.com/illustratedphilosophy SHOP: http://matthewdrake.storenvy.com --------------- MUSIC: Synth Trans 5, licensed by Audioblocks

    published: 04 May 2017
  • Tax Haven * CAYMAN ISLANDS * BELIZE * BRITISH VIRGIN ISLANDS IRS Offrshore Accounts Case

    UK GOVERNMENT DA-NOTICE NEWS BLACKOUT-MAINSTREAM MEDIA EXTRACTS: I The sensational Carroll Foundation Trust and parallel Carroll Maryland Trust multi-billion dollar tax fraud bribery scandal which is now encircling the beleaguered Coutts & Co chairman Lord Home has recently disclosed that the UK Government’s Royal United Services Institute has been named as an expert witness in this case of international importance. Sources have confirmed that the new explosive FBI Scotland Yard “cross-border” criminal “standard of proof” prosecution files contain forensic specimen exhibits of forged and falsified Coutts & Co Gerald Carroll accounts which are “directly linked” to the fraudulent incorporation of a Withers Worldwide law firm shadow “criminal parallel trust” that effectively embezzled a min...

    published: 17 Mar 2011
  • Massive leak of sensitive information on offshore tax havens

    Thousands of people were exposed in a massive leak of confidential information to do with the industry of offshore tax havens. The CBC's Frédéric Zalac reports.

    published: 04 Apr 2013
  • The new tax havens

    American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports.

    published: 15 Aug 2011
  • How the Rich Beat the Taxman (2010)

    With more than 20 millionaires in the UK cabinet, reporter Antony Barnett examines the financial affairs of some ministers and others who have helped the government. George Osborne says 'we're all in this together' but are ministers and top Tories paying the same rates of tax as the rest of us? Barnett visits a number of offshore tax havens around the world still under control of Britain, including the Cayman Islands and the British Virgin Islands, to find out more about tax avoidance ploys. http://www.thedossier.info/ https://twitter.com/theDossier_info

    published: 25 Aug 2011
  • Tax Havens and Off-Shore Banking Explained

    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

    published: 23 Apr 2017
  • BBC Panorama Tax Havens of the Rich and Powerful Exposed

    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.

    published: 17 Apr 2016
  • End Offshore Tax Havens

    published: 08 Feb 2013
  • 12 Best Tax Haven in the World | Offshore Tax Havens | Tax Havens Countries

    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...

    published: 29 May 2017
  • LEGAL WAYS TO AVOID PAYING TAX - The Super Rich Elite are Doing It, So Why Dont You?

    SUBSCRIBE to ELITE NWO AGENDA for Latest on USD COLLAPSE / GOLD / SILVER / BITCOIN / NEW WORLD ORDER / ILLUMINATI / TAX HAVEN http://www.youtube.com/EliteNWOAgenda LEGAL WAYS TO AVOID PAYING TAX - The Super Rich Elite are Doing It, So Why Dont You? Don't take an income Selling assets and realising capital gains could give you a source of cash if you needed it, and careful planning so losses in previous years offset any gains could help reduce your capital gains tax bill. Give to charity This is one of the strategies the government is planning to crack down on, although its plans have attracted controversy and could be watered down as a result. Currently, if you give assets to charity you can claim income tax relief up to their entire value. The government's own Directgov website gives ...

    published: 14 Jul 2014
  • The Tax Free Tour - (vpro backlight documentary - 2013)

    "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...

    published: 25 Mar 2013
  • Tax Havens or Tax Envasion: Economist James Henry on $3.5 T Offshore

    You're not going to believe my interview with economist James Henry on the $30 Trillion dollars in tax havens! Some of the highlights: Tax havens are being used to hide and house 15% of the world’s wealth. Shell companies are being used off shore so that corporations avoid paying taxes. Representation without taxation. We tried inflation, debt and privations but the only way to support a society is taxes. It’s not a Global Mafia: it’s worse, the rich and corporations have created laws to support their ability to evade paying taxes. The difference between tax shelter and tax evasion is a jail cell. Since the recession the top 1% is not only making insane profits but avoiding paying more and more taxes. A Great Society cannot survive without having the means to support it and a regressive ta...

    published: 11 Jan 2016
  • Tax Heavens: How to loot a country (and get away with it)

    Secretive offshore tax havens help funnel billion of dollars out of the poorest countries and into the bank accounts of their corrupt officials. This video shows a how a dodgy politician could hypothetically abuse this shadowy financial network to enrich himself, and explains why we need greater financial transparency in the fight against international corruption. More on http://www.trust.org/ 2013 © Thomson Reuters Foundation Transcript: Money laundering allows gangsters, terrorists and corrupt politicians to profit from their crimes. The offshore financial system makes it too easy for these criminals to hide their wealth and too difficult for the police to catch them. Here is an example of how a politician could use the secrecy of tax havens to steal from a developing country rich ...

    published: 13 Jun 2013
  • Ralph Nader Goes to Cayman Island Offshore Tax Haven

    In 2015, Laura Flanders and Ralph Nader found themselves on Grand Cayman Island, at once a tropical tourist paradise and the home of one of the biggest tax havens in the world, Ugland House.

    published: 12 Mar 2016
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Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

  • Order:
  • Duration: 5:48
  • Updated: 26 Apr 2016
  • views: 21198
videos
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 businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries. Secrecy Score: 74% Tax Haven Status: Small #8 Germany Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist Secrecy Score: 56% Tax Haven Status: Huge but Shifty #7 Lebanon Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient. Secrecy Score: 79% Tax Haven Status: Small and Secure #6 Luxembourg The most important private banking and wealth management center in the Eurozone. It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers. Breaking professional secrecy can result in a prison sentence Secrecy Score: 55% Tax Haven Status: Huge #5 The Cayman Islands Banking assets worth $1.4 trillion in June 2014. Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion. It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it. Secrecy Score: 65% Tax Haven Status: Aggressively Protective #4 Singapore A major wealth management center, with $1.4 trillion in assets under management in 2013. In 2014 it become Asia’s largest foreign exchange trading center. It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership. Secrecy Score: 69% Tax Haven Status: Intentionally Blind? #3 USA The U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities. Secrecy Score: 60% Tax Haven Status: Ironic #2 Hong Kong Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets. China’s control over Hong Kong has shielded it from global transparency initiatives. It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS. Secrecy Score: 72% Tax Haven Status: See-No-Evil #1 Switzerland Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934 However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders Secrecy Score: 73% Tax Haven Status: BOSS
https://wn.com/Top_10_Offshore_Tax_Havens_You_Can_Still_Stash_Your_Cash
Tax Havens 101: the High Cost of Going Offshore

Tax Havens 101: the High Cost of Going Offshore

  • Order:
  • Duration: 3:41
  • Updated: 07 Apr 2013
  • views: 155008
videos
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.
https://wn.com/Tax_Havens_101_The_High_Cost_Of_Going_Offshore
KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

  • Order:
  • Duration: 43:00
  • Updated: 04 Mar 2017
  • views: 37047
videos
A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world KPMG Canada devised what it called an “Offshore Company Structure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it. In the U.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency. A federal government inquiry vowing to get to the bottom of it went nowhere What was the accounting firm trying to hide? With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients. A joint investigation by the fifth estate and Radio-Canada’s Enquete program --- Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn Connect with the fifth estate online : Website : http://bit.ly/1d0FBxq Facebook : http://bit.ly/1UO9B8S Twitter : http://bit.ly/237VM8P Instagram : http://bit.ly/25W8SLs About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.
https://wn.com/Kpmg_And_Tax_Havens_For_The_Rich_The_Untouchables_The_Fifth_Estate
Inside Story - Taking on the tax havens

Inside Story - Taking on the tax havens

  • Order:
  • Duration: 25:05
  • Updated: 24 Jul 2012
  • views: 28566
videos
Subscribe to our channel http://bit.ly/AJSubscribe A new report has now revealed that some of the world's richest people have more than $30 trillion stashed in offshore assets, having exploited gaps in cross-border tax rules to move money overseas. Research commissioned by the campaign group Tax Justice Network says the value is as much as the gross domestic products of the US and Japan combined. Should tax havens be allowed to exist? Guests: Jean-Pierre Diserens, Myret Zaki, Sony Kapoor. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
https://wn.com/Inside_Story_Taking_On_The_Tax_Havens
The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

  • Order:
  • Duration: 16:50
  • Updated: 23 May 2013
  • views: 14943
videos
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 costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands. Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same. About TEDx In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
https://wn.com/The_Bizarre_Economics_Of_Tax_Havens_And_Pirate_Banking_James_S._Henry_At_Tedxradboudu_2013
The top 10 most secretive tax havens | Guardian Explainers

The top 10 most secretive tax havens | Guardian Explainers

  • Order:
  • Duration: 2:43
  • Updated: 12 May 2016
  • views: 6999
videos
A world-class tax haven needs several key ingredients: a highly secretive banking system; a stable government that is happy to look the other way; and of course ultra-low taxes. Subscribe to The Guardianhttp://is.gd/subscribeguardian So as David Cameron gathers world leaders for a major anti-corruption summit in London, we look at the top 10 most secretive tax havens. 6x9 experience solitary confinement ► http://bit.ly/6x9gdn The Guardian ► http://is.gd/guardianhome Suggested videos: How to hid a billion dollars | The Panama Papers ► http://bit.ly/HowToHide1Billion 6x9: experience solitary - 360 video ► http://bit.ly/6x9360 Guardian playlists: Comment is Free ► http://is.gd/cifplaylist Guardian Docs ► http://is.gd/guardiandocs Guardian Features ► https://goo.gl/JThOzd Guardian Animations & Explanations ►http://is.gd/explainers Guardian Investigations ► http://is.gd/guardianinvestigations The Global Migration Crisis ► http://is.gd/RefugeeCrisis Anywhere but Westminster ► https://goo.gl/rgH1ri More Guardian videos: 6x9: experience solitary confinement – 36- video ► We Walk Together ► http://bit.ly/WeWalkTogetherFilm The last job on Earth ► http://bit.ly/LastJobOnEarth Patrick Stewart sketch: what has the ECHR ever done for us? ► http://bit.ly/PatrickStewartS How to hide a billion dollars - the Panama Papers ► http://bit.ly/HowToHide1Billion The Syrian Spaceman who became a refugee ► http://bit.ly/SyrianSpace The epic journey of a refugee cat ► http://bit.ly/KunkuzCat If I Die On Mars ► http://is.gd/IfIDieOnMars We can't ban everything that offends you ► http://bit.ly/CensorshipCiF Revenge Porn: Chrissy Chambers and her search for justice ► http://ow.ly/TUoOs Mos Def force fed in Gitmo procedure ► http://is.gd/mosdef Edward Snowden interview ► http://is.gd/snowdeninterview2014 Bangladeshi Sex Workers take steroids ► http://is.gd/sexworkers Other Guardian channels on YouTube: Guardian Football ► http://is.gd/guardianfootball Guardian Music ► http://is.gd/guardianYTmusic Guardian Australia ► http://is.gd/guardianaustralia Guardian Tech ► http://is.gd/guardiantech Guardian Culture ► http://is.gd/guardianculture Guardian Wires ► http://is.gd/guardianwires Guardian Food ► http://is.gd/guardianfood
https://wn.com/The_Top_10_Most_Secretive_Tax_Havens_|_Guardian_Explainers
Major Banks Help Clients Hide Trillions in Offshore Tax Havens

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

  • Order:
  • Duration: 14:13
  • Updated: 03 Aug 2012
  • views: 31429
videos
James Henry: US media and politicians mostly ignore massive untaxed wealth that big banks help rich move to tax havens
https://wn.com/Major_Banks_Help_Clients_Hide_Trillions_In_Offshore_Tax_Havens
Tax Havens: The Great Scam

Tax Havens: The Great Scam

  • Order:
  • Duration: 3:45
  • Updated: 21 Nov 2012
  • views: 32266
videos
Tax Haven, tax avoidance, off-shore economy, taxation, tax system, tax, mispricing, Producer and director : François Jacob Animator : Jean-François Robichaud Narrator : Gabriel Brown
https://wn.com/Tax_Havens_The_Great_Scam
How Tax Shelters Work

How Tax Shelters Work

  • Order:
  • Duration: 1:44
  • Updated: 22 Sep 2012
  • views: 15060
videos
A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX
https://wn.com/How_Tax_Shelters_Work
Transfer pricing and tax havens | Taxes | Finance & Capital Markets | Khan Academy

Transfer pricing and tax havens | Taxes | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 6:47
  • Updated: 08 Oct 2012
  • views: 133960
videos
How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan. Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Transfer_Pricing_And_Tax_Havens_|_Taxes_|_Finance_Capital_Markets_|_Khan_Academy
#MacronGate: Emmanuel Macron Tied To Offshore Tax Haven — LEAKED Documents Point To Tax Evasion

#MacronGate: Emmanuel Macron Tied To Offshore Tax Haven — LEAKED Documents Point To Tax Evasion

  • Order:
  • Duration: 6:11
  • Updated: 04 May 2017
  • views: 13350
videos
Do these documents prove Emmanuel Macron's guilt in committing tax evasion? Why will no one talk about this in France? Don't you think the French people have a right to know about this corruption? --- Support Illustrated Philosophy --- FOLLOW: https://twitter.com/philosophicart LIKE: https://www.facebook.com/IllustratedPhilosophy PAYPAL: http://www.philosophicheart.com/donate PATREON: https://www.patreon.com/illustratedphilosophy SHOP: http://matthewdrake.storenvy.com --------------- MUSIC: Synth Trans 5, licensed by Audioblocks
https://wn.com/Macrongate_Emmanuel_Macron_Tied_To_Offshore_Tax_Haven_—_Leaked_Documents_Point_To_Tax_Evasion
Tax Haven * CAYMAN ISLANDS * BELIZE * BRITISH VIRGIN ISLANDS IRS Offrshore Accounts Case

Tax Haven * CAYMAN ISLANDS * BELIZE * BRITISH VIRGIN ISLANDS IRS Offrshore Accounts Case

  • Order:
  • Duration: 5:52
  • Updated: 17 Mar 2011
  • views: 7838
videos
UK GOVERNMENT DA-NOTICE NEWS BLACKOUT-MAINSTREAM MEDIA EXTRACTS: I The sensational Carroll Foundation Trust and parallel Carroll Maryland Trust multi-billion dollar tax fraud bribery scandal which is now encircling the beleaguered Coutts & Co chairman Lord Home has recently disclosed that the UK Government’s Royal United Services Institute has been named as an expert witness in this case of international importance. Sources have confirmed that the new explosive FBI Scotland Yard “cross-border” criminal “standard of proof” prosecution files contain forensic specimen exhibits of forged and falsified Coutts & Co Gerald Carroll accounts which are “directly linked” to the fraudulent incorporation of a Withers Worldwide law firm shadow “criminal parallel trust” that effectively embezzled a mind boggling two hundred million dollars of the Carroll Foundation Trust’s huge treasury investment holdings which were held at Coutts & Co and Barclays Bank City of London branches. In a stunning twist it has also emerged that the former Foreign Secretary Lord Hurd until quite recently was the vice chairman of Coutts & Co and his son Thomas Hurd has “close links” with the Foreign & Commonwealth Office controlled MI6 security service. These latest disturbing insights into the Gerald Carroll debacle has prompted well seasoned political observers in Washington DC to remark that this case has firmly highlighted the serious level of white collar organised crime penetration with the UK Government’s law enforcement inter-agencies who are charged with the prosecution of criminal bankers accountants and lawyers who continue to pose a real “direct threat” to the economic national security interests of the United States of America and close allies. UK GOVERNMENT DA-NOTICE NEWS BLACKOUT-MAINSTREAM MEDIA EXTRACTS: II The Carroll Foundation Trust and parallel Carroll Maryland Trust multi-billion dollar offshore tax fraud bribery scandal has recently disclosed that Gerald Carroll’s Farnborough Aerospace Development Plc and Carroll Aircraft Corporation Plc group structures were “centered around” HM Ministry of Defence high level officials and Her Majesty’s Inspectorate of Constabulary chairmen in this case of international importance. Sources have revealed that the sudden death of a HM Ministry of Defence retired Permanent Secretary who was Chairman of the Carroll Aircraft Corporation is fueling feverish speculation that his demise was actually cold blooded murder in a bungled attempt to cover-up the criminal liquidation of major operating divisions of the Carroll Global Corporation’s worldwide interests spanning an incredible sixteen years. Further sources have revealed that Gerald Carroll’s Farnborough Aerospace Aerospace Centre in Hampshire England was “targeted” by BAE Systems and HSBC International within the framework of a systematic break-up embezzlement operation which effectively was impulsed by the fraudulent incorporation of UK Companies House “parallel registered” Farnborough Aerospace Development Corporation Plc Strategic Research & Development Corporation Plc and Carroll Aircraft Corporation Plc group structures. Scotland Yard “leaked” sources have disclosed that the Carroll Foundation Trust criminal “standard of proof” prosecution files contain forensic specimen exhibits of fraudulently incorporated HSBC International offshore accounts Barclays International offshore accounts and Coutts & Co Gerald Carroll accounts which embezzled a staggering two hundred million dollars of the Carroll Foundation Trust’s huge treasury investment holdings. This source also said that the dossiers contain forensic specimen exhibits of the co-ordinated break-ins burglaries theft and criminal seizure offences that were “targeted” at Gerald Carroll’s multi-million dollar Eaton Square Belgravia penthouse and Westminster residences following a complete refusal by the Metropolitan Police to provide assistance covering a bizarre six to eight years. The Carroll Foundation Trust files are held within a complete lockdown at the FBI Washington DC field office and the Metropolitan Police Scotland Yard London under the supervision of the Commissioner Sir Bernard Hogan-Howe who has an intimate knowledge of this case which stretches the globe. International News Networks: I http://biggest-bank-job.blogspot.com International News Networks: II http://news-carrolltrust.com International News Networks: III http://carrolltrustcase.com
https://wn.com/Tax_Haven_Cayman_Islands_Belize_British_Virgin_Islands_Irs_Offrshore_Accounts_Case
Massive leak of sensitive information on offshore tax havens

Massive leak of sensitive information on offshore tax havens

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  • Duration: 2:52
  • Updated: 04 Apr 2013
  • views: 2770
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Thousands of people were exposed in a massive leak of confidential information to do with the industry of offshore tax havens. The CBC's Frédéric Zalac reports.
https://wn.com/Massive_Leak_Of_Sensitive_Information_On_Offshore_Tax_Havens
The new tax havens

The new tax havens

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  • Duration: 13:47
  • Updated: 15 Aug 2011
  • views: 99252
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American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports.
https://wn.com/The_New_Tax_Havens
How the Rich Beat the Taxman (2010)

How the Rich Beat the Taxman (2010)

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  • Duration: 49:29
  • Updated: 25 Aug 2011
  • views: 121335
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With more than 20 millionaires in the UK cabinet, reporter Antony Barnett examines the financial affairs of some ministers and others who have helped the government. George Osborne says 'we're all in this together' but are ministers and top Tories paying the same rates of tax as the rest of us? Barnett visits a number of offshore tax havens around the world still under control of Britain, including the Cayman Islands and the British Virgin Islands, to find out more about tax avoidance ploys. http://www.thedossier.info/ https://twitter.com/theDossier_info
https://wn.com/How_The_Rich_Beat_The_Taxman_(2010)
Tax Havens and Off-Shore Banking Explained

Tax Havens and Off-Shore Banking Explained

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  • Duration: 6:02
  • Updated: 23 Apr 2017
  • views: 986
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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
https://wn.com/Tax_Havens_And_Off_Shore_Banking_Explained
BBC Panorama  Tax Havens of the Rich and Powerful Exposed

BBC Panorama Tax Havens of the Rich and Powerful Exposed

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  • Duration: 26:06
  • Updated: 17 Apr 2016
  • views: 9871
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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.
https://wn.com/BBC_Panorama_Tax_Havens_Of_The_Rich_And_Powerful_Exposed
End Offshore Tax Havens

End Offshore Tax Havens

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  • Duration: 4:34
  • Updated: 08 Feb 2013
  • views: 5169
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https://wn.com/End_Offshore_Tax_Havens
12 Best Tax Haven in the World | Offshore Tax Havens | Tax Havens Countries

12 Best Tax Haven in the World | Offshore Tax Havens | Tax Havens Countries

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  • Duration: 11:03
  • Updated: 29 May 2017
  • views: 200
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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 Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined. NETHERLANDS The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3. National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax. LUXEMBOURG Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam. CAYMAN ISLANDS The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said Crystal Stranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens. The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said. However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said. The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory. SINGAPORE This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world. Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report. CHANNEL ISLANDS Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice. The Channel Islands consist of two British Crown dependencies: The Bailiwick of Jersey, consisting of Jersey The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and Sark Crown dependencies are not part of the United Kingdom, but are instead self-governing territories. Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time
https://wn.com/12_Best_Tax_Haven_In_The_World_|_Offshore_Tax_Havens_|_Tax_Havens_Countries
LEGAL WAYS TO AVOID PAYING TAX - The Super Rich Elite are Doing It, So Why Dont You?

LEGAL WAYS TO AVOID PAYING TAX - The Super Rich Elite are Doing It, So Why Dont You?

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  • Duration: 2:01
  • Updated: 14 Jul 2014
  • views: 21440
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SUBSCRIBE to ELITE NWO AGENDA for Latest on USD COLLAPSE / GOLD / SILVER / BITCOIN / NEW WORLD ORDER / ILLUMINATI / TAX HAVEN http://www.youtube.com/EliteNWOAgenda LEGAL WAYS TO AVOID PAYING TAX - The Super Rich Elite are Doing It, So Why Dont You? Don't take an income Selling assets and realising capital gains could give you a source of cash if you needed it, and careful planning so losses in previous years offset any gains could help reduce your capital gains tax bill. Give to charity This is one of the strategies the government is planning to crack down on, although its plans have attracted controversy and could be watered down as a result. Currently, if you give assets to charity you can claim income tax relief up to their entire value. The government's own Directgov website gives an example of how donating a property worth £90,000 to charity allows you to avoid paying tax on the same amount. In this case you are obviously losing the asset, but you are reducing your taxable income. Give enough away and you could reduce your taxable income to zero. There is a way to keep hold of the asset and reduce your income. If you have a freehold property you could grant a lease on it and give that to the charity. For example, if you grant an eight-year lease the charity holds the property for the term of that lease and benefits from any rental income during that period, but at the end of the lease the property reverts to your ownership. You won't get tax relief on the value of the freehold property, but on the value of the lease -- in London that kind of lease on a £1m house could be worth £50,000. Tax avoidance is the legal usage of the tax regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law. Tax sheltering is very similar, and tax havens are jurisdictions which facilitate reduced taxes. The term tax mitigation is sometimes used; its original use was by tax advisers as an alternative to the pejorative term tax evasion. "Tax aggressive" strategies fall into the grey area between commonplace and well-accepted tax avoidance (such as purchasing municipal bonds in the United States) and evasion. However, the uses of these terms vary.[1] tax irs taxes legal law "tax man" options employment executive shares control "tax bill" salary usd dollar "real estate" "stock market" "estate tax" bitcoin gold silver profit "savings account" savings borrow "capital gains" company business corporate loan debt "gold trading" forex "forex trading" bank "bank account" banking cash "money management" wealth "tax haven" offshore "offshore company" mafia elite billionaire millionaire 2014 2015 u.s. "united states" usa america entertainment "agenda nwo" jim rogers rothschild george soros bilderberg 2014 alex jones infowars gerald celente david icke glenn beck coast to coast am george norey farrakhan banker suicide truth jsnip4 wake up sheeple song elite nwo agenda A tax haven is a state, country or territory where certain taxes are levied at a low rate or not at all.[2] Individuals or corporate entities can find it attractive to establish shell subsidiaries or move themselves to areas with reduced or nil taxation levels relative to typical international taxation. This creates a situation of tax competition among governments. Different jurisdictions tend to be havens for different types of taxes, and for different categories of people or companies.worldwide demand for opportunities to engage in tax avoidance." The Economist points out that this definition would still exclude a number of jurisdictions traditionally thought of as tax havens. University of Florida Assistant Law Professor Omri Marian discusses potential tax abuses using Bitcoin. Recent investors in Bitcoin may be nursing losses after a fall of some 40 per cent in the crypto-currency's value since January -- but at least they will be tax deductible. That is one upshot of last week's decision by the US tax authorities -- issued just in time for the annual rush to file individual tax returns -- to treat virtual currencies as property for federal tax purposes. Put your money offshore Investment schemes exist that let you hold money in an offshore fund and roll-up the interest you earn on it. You will have to pay tax when you eventually withdraw the money, but in the meantime you can withdraw 5% a year without a tax liability. You can choose when you realise your investment, so you can plan it to fall when you are a basic rate rather than a high rate taxpayer. non qualified stock options GRAT estate tax no sale sale capital gains tax
https://wn.com/Legal_Ways_To_Avoid_Paying_Tax_The_Super_Rich_Elite_Are_Doing_It,_So_Why_Dont_You
The Tax Free Tour - (vpro backlight documentary - 2013)

The Tax Free Tour - (vpro backlight documentary - 2013)

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  • Duration: 53:05
  • Updated: 25 Mar 2013
  • views: 291056
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"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 multinational and look for the global route to pay as little tax as possible. Originally broadcasted by VPRO in 2013. © VPRO Backlight March 2013 VPRO Documentary: Our globalized world causes societies, economies and cultures to seek a new balance. VPRO Documentary reflects on this with new features every week. We research subjects like politics, world economy, society and science with experts and try to grasp the essence of prominent trends and developments. So subscribe to our channel and we will be delighted to share our adventures with you! Visit additional youtube channels bij vpro broadcast: vpro Broadcast: https://www.youtube.com/channel/UC75PWWQrls0z6fh0loY5I4Q vpro Metropolis: https://www.youtube.com/channel/UCpnazGScKQfGauk7YNyI21w vpro Documentary: https://www.youtube.com/channel/UC9sXw4ZdPEIp6bYGvLW-_iA vpro World Stories: https://www.youtube.com/channel/UCqJ6GC0klkbFuQa-0ZePqkQ vpro Extra: https://www.youtube.com/channel/UCTLrhK07g6LP-JtT0VVE56A vpro VG (world music): https://www.youtube.com/channel/UC-KX3q7zIz7s2rjooBfl6Nw vpro 3voor12 (alternative music): https://www.youtube.com/channel/UC-p9faJQsBObRNiKY8QF2NQ vpro 3voor12 extra (music stories): https://www.youtube.com/channel/UCtgVYRLGraeL9rGMiM3rBHA www.vprobroadcast.com Credits: Director: Marije Meerman Research: William de Bruijn Camera: Jean Counet Editing: Bart van den Broek Sound: Tim van Peppen, Benny Jansen, Joris van Ballegoijen Producer: Marie Schutgens animation: Bitcaves & Motoko English, French and Spanish subtitles: Ericsson. French and Spanish subtitles are co-funded by European Union.
https://wn.com/The_Tax_Free_Tour_(Vpro_Backlight_Documentary_2013)
Tax Havens or Tax Envasion: Economist James Henry on $3.5 T Offshore

Tax Havens or Tax Envasion: Economist James Henry on $3.5 T Offshore

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  • Duration: 35:01
  • Updated: 11 Jan 2016
  • views: 204
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You're not going to believe my interview with economist James Henry on the $30 Trillion dollars in tax havens! Some of the highlights: Tax havens are being used to hide and house 15% of the world’s wealth. Shell companies are being used off shore so that corporations avoid paying taxes. Representation without taxation. We tried inflation, debt and privations but the only way to support a society is taxes. It’s not a Global Mafia: it’s worse, the rich and corporations have created laws to support their ability to evade paying taxes. The difference between tax shelter and tax evasion is a jail cell. Since the recession the top 1% is not only making insane profits but avoiding paying more and more taxes. A Great Society cannot survive without having the means to support it and a regressive tax policy is not the way to do it. The rich are getting richer and paying less and less in taxes while the middle and lower classes’ “real” income is lower than the 70s and we are being taxed more through income, sales and service taxes. The Price We Pay - Le Prix à Payer - Film http://www.thepricewepay.ca We're Not Broke http://werenotbrokemovie.com The Tax Justice Network http://www.taxjustice.net Jame's book Blood Bankers and can be found on Amazon
https://wn.com/Tax_Havens_Or_Tax_Envasion_Economist_James_Henry_On_3.5_T_Offshore
Tax Heavens: How to loot a country (and get away with it)

Tax Heavens: How to loot a country (and get away with it)

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  • Duration: 2:09
  • Updated: 13 Jun 2013
  • views: 3291
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Secretive offshore tax havens help funnel billion of dollars out of the poorest countries and into the bank accounts of their corrupt officials. This video shows a how a dodgy politician could hypothetically abuse this shadowy financial network to enrich himself, and explains why we need greater financial transparency in the fight against international corruption. More on http://www.trust.org/ 2013 © Thomson Reuters Foundation Transcript: Money laundering allows gangsters, terrorists and corrupt politicians to profit from their crimes. The offshore financial system makes it too easy for these criminals to hide their wealth and too difficult for the police to catch them. Here is an example of how a politician could use the secrecy of tax havens to steal from a developing country rich in natural resources. If you want to move dirty money then you need a shell company in a tax haven. Our politician chooses the Seychelles, where you can register a new firm online in under 10 minutes for just 690 euros. This company needs directors, so he pays residents in another tax haven, such as the British Virgin Islands, to use their names on all official documents. This practice is completely legal in the UK and its overseas territories. A recent investigation into these nominee directors found a group of 28 individuals who collectively controlled more than 21,500 companies worldwide. The next step is to set up a corporate bank account somewhere with strict secrecy laws. The crooked politician picks Panama, where the authorities makes life very difficult for anyone requesting information. This creates another valuable layer of secrecy, letting money launderers stay one step ahead of the authorities. The politician can then use the shell company to open a high street bank account, buy a fleet of supercars or invest in the prime real estate markets of London, Paris and New York. Even if his bank questioned how a civil servant could afford a Bugatti Veyron, it would be next to impossible to prove he had stolen the money. Offshore tax havens have made sure his name never appeared on a public register. Until these secret jurisdictions become more transparent, corrupt politicians will be able to loot developing countries with little risk of being caught.
https://wn.com/Tax_Heavens_How_To_Loot_A_Country_(And_Get_Away_With_It)
Ralph Nader Goes to Cayman Island Offshore Tax Haven

Ralph Nader Goes to Cayman Island Offshore Tax Haven

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  • Duration: 2:15
  • Updated: 12 Mar 2016
  • views: 5249
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In 2015, Laura Flanders and Ralph Nader found themselves on Grand Cayman Island, at once a tropical tourist paradise and the home of one of the biggest tax havens in the world, Ugland House.
https://wn.com/Ralph_Nader_Goes_To_Cayman_Island_Offshore_Tax_Haven