- published: 26 Apr 2016
- views: 21198
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...
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.
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...
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...
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...
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 Guardian ► http://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...
A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX
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...
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
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...
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.
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
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
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.
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...
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 ...
"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...
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...
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 ...
Another vacant building is a tax shelter and nothing more
Cemented doors and windows keeping out the poor
What purpose does it serve to keep these buildings emply
Destroying our community to protect abandoned property
Functioning as financial loopholes instead of the housing they could make
Because those owning empty buildings claim a generous government tax break
So is housing just a luxury to b enjoyed by the upper class
Another right you don't deserve if you haven't got the cash
The trouble with ruling class financial tactics
Is that it's the people who need shelter not their taxes
Destruciton described as progress evicting people from their shelter
Renovating and rebuilding under the guise of making cities better
But who does this progress better by putting people in the street
Has it benefitted the community when construction is complete
Housing is not a privledge, not a luxury but a right
communities don't function any better with their problems out of sight
Our communities consise of more than concrete, brick and steel
It's made up of people including the homeless they conceal
The trouble with ruling class financial tactics
Is that it's the people who need the shelter not their taxes
Every inch of established land got that way by means of force
And by paying rent were forced to contribute to that source
With our communities our people suffer under this establishment
It's not about housing these are human rights they make us rent
Only the landlords profit as our lives are sold and bought
And those who fight this process get evicted from their squat
So while our leaders carry out these unjust squat evictions
They prove that freedom can't exist under capitalist conditions
The trouble with ruling class financial tactics