Latest News for: Offshore tax shelter

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Letter: The wealth gap continues to flourish

The Holland Sentinel 09 Nov 2021
But it can hardly be argued that the impact of a wealthy person’s tax bill is qualitatively weightier than the burden borne by a middle-class family of four with a mortgage ... Since 2017, tax rates have remained unchanged ... Offshore shelters still encourage tax avoidance by those of outsized affluence and influence.
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Pandora Papers: What are they and how can you stay out of them? - opinion

The Jerusalem Post 04 Nov 2021
Calculating taxes (credit ... Using offshore shelters is especially controversial for political figures, because they might be used to keep politically unpopular or even illicit activities from public view ... To sum up, tax avoidance is getting harder, and using an offshore location is less relevant in many cases, leaked or not.
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Sidelined: Biden's odd position in the "family photo" says it all about his time at the G20

Hot Air 31 Oct 2021
Biden’s one accomplishment is reported to be that the leaders in attendance endorsed a “landmark deal” that stops companies from sheltering revenue in tax havens, such as offshore islands. Officials agreed to a 15% global minimum tax along with other changes to ...
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Meet Natasha Singh - the person that has just been signed on by Sars to ...

Independent online (SA) 19 Oct 2021
Sars is looking at individuals who have not been so transparent with their tax shelters offshore investments ... Tax-wise, it provides South African residents who own investments offshore – or intend to own investments offshore in the future – with the opportunity to make sure that ...
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Pandora Papers Reveal Offshore Finances of the Global Elite Currying Influence in U.S.

GlobalResearch 16 Oct 2021
The Pandora Papers records obtained by the International Consortium of Investigative Journalists shine a light on how the world’s wealthy elite use offshore shell companies to avoid disclosing their assets, and the firms that help them do it ... The documents show the firm tried to influence policies concerning money laundering and tax shelters.
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Pandora Papers Reveal Offshore Finances of the Global Elite Currying Influence in the U.S.

GlobalResearch 16 Oct 2021
The Pandora Papers records obtained by the International Consortium of Investigative Journalists shine a light on how the world’s wealthy elite use offshore shell companies to avoid disclosing their assets, and the firms that help them do it ... The documents show the firm tried to influence policies concerning money laundering and tax shelters.
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How South Dakota Became the Caymans of the Heartland

The Atlantic 05 Oct 2021
Dubbed the “ Pandora Papers ”—following 2016’s Panama Papers and 2017’s Paradise Papers—the documents revealed a litany of now-familiar offshore-banking and tax-sheltering shenanigans, including the Jordanian king’s nine-figure real-estate purchases, the Azerbaijani dictator’s ...
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Two former Hong Kong leaders named in Pandora Papers leak

Al Jazeera 05 Oct 2021
Tung Chee-hwa, a billionaire, allegedly set up offshore companies after he retired from office ... The opening of offshore accounts is not prohibited by law ... The paper alleged both men used intermediaries to register offshore accounts and shell companies around the world for themselves and family members to shelter them from taxes.
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Sachin Tendulkar named in Pandora Papers

Suryaa 04 Oct 2021
Tendulkar's attorney said the cricket player's investment is legitimate and has been declared to tax authorities ... Using offshore shelters is especially controversial for political figures, because they can be used to keep politically unpopular or even illicit, the ICIJ said.
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1,000 people and firms in Japan linked to tax havens in leaked documents

Japan Times 04 Oct 2021
The files, dubbed the "Pandora Papers," reveal high-profile figures' use of tax havens at a time when managing wealth through offshore tax shelters has drawn ... .
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A tax haven in America’s heartland

The Washington Post 04 Oct 2021
The U.S. has long condemned secretive offshore tax havens where the rich and powerful hide their money. But a burgeoning American trust industry now shelters the assets of wealthy foreigners by promising even greater secrecy and protection ... .
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1,000 Japan firms, people named in "Pandora Papers" on tax havens

Kyodo 04 Oct 2021
Chairman and CEO Masayoshi Son are listed in leaked documents on tax havens dubbed the "Pandora Papers," at a time when managing wealth through offshore tax shelters has drawn criticism worldwide ... Corporate tax and levies on income from stock dividends are lower in Singapore, where Yasuda lives, than in Japan.
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South Dakota now rivals offshore tax havens for financial secrecy, Pandora Papers say

Business Insider 03 Oct 2021
Jacob Boomsma/Shutterstock South Dakota is sheltering assets from individuals previously accused of financial crimes, the new Pandora Papers say ... Because the state has no income tax, no inheritance tax, and no capital gains tax, finances there are also sheltered from the government, the outlet said.
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LILLEY: Singh wants to tax offshore tax havens Trudeau won't touch

Canoe 31 Aug 2021
I don’t agree too often with the NDP, but when it comes to saying offshore tax shelters are wrong, I’m on board with Jagmeet Singh ... Why should ultra-wealthy Canadians be able to use trust funds and offshore tax havens to avoid paying taxes in Canada?.
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Quirks in a U.S. Treaty With Malta Turn Into a Tax Play for the Rich

Wall Street Journal 20 Aug 2021
Have you heard of Malta Pension Plans? They’re offshore tax shelters that are hot with some wealthy Americans. As usual with tax shelters, the promoters promise they’ll slash tax bills by making clever use of legal quirks ... taxes on the sale of ...

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