• 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
  • 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
  • Paradise Papers: How tax havens work and why they are a problem

    Tax havens and offshore accounts and trusts, detailed in the Paradise Papers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem. To read more: http://www.cbc.ca/paradisepapers SOURCE LIST: CBC News | Paradise Papers investigation http://www.cbc.ca/paradisepapers International Consortium of Investigative Journalists | Paradise Papers investigation https://www.icij.org/investigations/paradise-papers/ CBC News | Tax havens: How the rich hide money http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.html ICIJ | Tax havens 101: The high cost of going offshore https://www.youtube.com/watch?v=gy2RgjIIZyA CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs h...

    published: 05 Nov 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
  • 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
  • Panama Papers: How do offshore shell companies work? - TomoNews

    PANAMA CITY — An anonymous person from a Panamanian law firm, Mossack Fonseca, has leaked millions of documents describing how some of the world's richest hide money in offshore havens. Although the spotlight is currently on Panama, tax havens like Panama exist all over the world. People use them to circumvent regulations that protect transparency, as well as to avoid paying taxes in their home countries. Shell companies are often established in cities and countries that have lax rules governing transparency and financial disclosure, or more lenient criminal laws. Using tax havens isn't always about paying less taxes. Wealth isn't necessarily kept within tax haven countries. Often such places only serve as addresses for shell companies, which exist solely on paper, and are created for a...

    published: 06 Apr 2016
  • How the rich are putting money in offshore tax havens

    From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty. They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax. The Labour leader Jeremy Corbyn called for an inquiry into all the Paradise Papers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.

    published: 06 Nov 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
  • 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
  • Top offshore tax havens for bank secrecy

    http://www.nomadcapitalist.com Interested in finding the next safe heavens for bank secrecy? Times have changed and countries like Switzerland are not recommended. Find out which ones have the best benefits for legally banking offshore now. ----- ABOUT NOMAD CAPITALIST Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom. Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports. He also learned the hard way that perpetual information seeking is often t...

    published: 09 Dec 2015
  • Steve Mnuchin grilled about potential offshore tax havens

    Trump's pick for treasury secretary, Steven Mnuchin, answers questions about his work with offshore accounts in Anguilla.

    published: 19 Jan 2017
  • 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
  • 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
  • 'Paradise Papers' leak shines light on offshore tax havens

    The International Consortium of Investigative Journalists' Will Fitzgibbon on the leak and what it could mean for offshore tax havens. Subscribe to CTV News to watch more videos: https://www.youtube.com/ctvnews Connect with CTV News: For the latest news visit: http://www.ctvnews.ca/ For a full video offering visit the CTV News Network: http://www.ctvnews.ca/video CTV News on Facebook: https://www.facebook.com/CTVNews CTV News on Twitter: https://twitter.com/CTVNews Watch CTV News on Twitter: https://twitter.com/WatchCTVNews CTV News on Google+: https://plus.google.com/+CTVNews/posts CTV News on Instagram: https://instagram.com/ctvnews/ CTV News on Pinterest: https://www.pinterest.com/ctvnews --- CTV News is Canada's most-watched news organization both locally and nationally, ...

    published: 05 Nov 2017
  • 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
  • Tax Havens • Explained With Maps

    Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens? Video transcript and images: http://explainedwithmaps.com/tax-havens/

    published: 10 Jan 2015
  • 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
  • KPMG offshore tax dodge

    A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman Click here for the full story: http://www.cbc.ca/1.4006469 »»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1 Voice Your Opinion & Connect With Us Online: The National Updates on Facebook: https://www.facebook.com/thenational The National Updates on Twitter: https://twitter.com/CBCTheNational The National Updates on Google+: https://plus.google.com/+CBCTheNational »»» »»» »»» »»» »»» The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis ...

    published: 04 Mar 2017
  • Paradise Papers Expose “Cleverest Ways of Exploiting” Offshore Tax Havens by GOP & Democratic Donors

    https://democracynow.org - Examining the Paradise Papers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly sever...

    published: 08 Nov 2017
  • Apple defends moving offshore profits to an island tax haven | Engadget Today

    Part of the gift of the leaked Paradise Papers. A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies. Subscribe to Engadget on YouTube: http://engt.co/subscribe Get More Engadget: • Like us on Facebook: http://www.facebook.com/engadget • Follow us on Twitter: http://www.twitter.com/engadget • Follow us on Instagram: http://www.instagram....

    published: 07 Nov 2017
  • 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
  • Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

    A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US. The leak, dubbed the Paradise Papers, contains 13.4m documents, mostly from one leading firm in offshore finance. BBC Panorama is part of nearly 100 media groups investigating the papers. Please subscribe HERE http://bit.ly/1rbfUog World In Pictures https://www.youtube.com/playlist?list=PLS3XGZxi7cBX37n4R0UGJN-TLiQOm7ZTP Big Hitters https://www.youtube.com/playlist?list=PLS3XGZxi7cBUME-LUrFkDwFmiEc3jwMXP Just Good News https://www.youtube.com/playlist?list=PLS3XGZxi7cBUsYo_P26cjihXLN-k3w246

    published: 05 Nov 2017
developed with YouTube
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: 51157
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
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: 26014
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: 160309
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
Paradise Papers: How tax havens work and why they are a problem

Paradise Papers: How tax havens work and why they are a problem

  • Order:
  • Duration: 3:00
  • Updated: 05 Nov 2017
  • views: 53660
videos
Tax havens and offshore accounts and trusts, detailed in the Paradise Papers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem. To read more: http://www.cbc.ca/paradisepapers SOURCE LIST: CBC News | Paradise Papers investigation http://www.cbc.ca/paradisepapers International Consortium of Investigative Journalists | Paradise Papers investigation https://www.icij.org/investigations/paradise-papers/ CBC News | Tax havens: How the rich hide money http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.html ICIJ | Tax havens 101: The high cost of going offshore https://www.youtube.com/watch?v=gy2RgjIIZyA CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs http://www.cbc.ca/1.4387338 CBC News | How Canada got into bed with tax havens http://www.cbc.ca/1.3641278 CBC News | Deals Canada signed to catch tax cheats allow billions in taxes to escape http://www.cbc.ca/1.3639597 CBC News | Canadian ties exposed in leaked Bahamas tax-haven data http://www.cbc.ca/1.3771867 Department of Finance Canada | Tax Information Exchange Agreements https://www.fin.gc.ca/treaties-conventions/tieaaerf-eng.asp »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Twitter: http://bit.ly/1sA5P9H For breaking news on Twitter: http://bit.ly/1WjDyks Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
https://wn.com/Paradise_Papers_How_Tax_Havens_Work_And_Why_They_Are_A_Problem
Inside Story - Taking on the tax havens

Inside Story - Taking on the tax havens

  • Order:
  • Duration: 25:05
  • Updated: 24 Jul 2012
  • views: 30843
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: 19097
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
Massive leak of sensitive information on offshore tax havens

Massive leak of sensitive information on offshore tax havens

  • Order:
  • Duration: 2:52
  • Updated: 04 Apr 2013
  • views: 2778
videos
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
Panama Papers: How do offshore shell companies work? - TomoNews

Panama Papers: How do offshore shell companies work? - TomoNews

  • Order:
  • Duration: 1:55
  • Updated: 06 Apr 2016
  • views: 20992
videos
PANAMA CITY — An anonymous person from a Panamanian law firm, Mossack Fonseca, has leaked millions of documents describing how some of the world's richest hide money in offshore havens. Although the spotlight is currently on Panama, tax havens like Panama exist all over the world. People use them to circumvent regulations that protect transparency, as well as to avoid paying taxes in their home countries. Shell companies are often established in cities and countries that have lax rules governing transparency and financial disclosure, or more lenient criminal laws. Using tax havens isn't always about paying less taxes. Wealth isn't necessarily kept within tax haven countries. Often such places only serve as addresses for shell companies, which exist solely on paper, and are created for as little as US$1,000, reported Vice in a 2014 article. On paper, these shell companies act as the intermediaries that own the wealth, whether that asset is a painting or a Swiss bank account. Because of the complex organizational structure of these shell companies, it's very difficult to figure out who a company actually belongs to. Setting up a shell company is not illegal and its existence is not always for a nefarious reason. A shell company may be established as a way to for one to save up funds to open a business. It may also act as a front for a project that a well-known company wants to keep from the public's eye until it's ready. According to Vox, Apple for example, may have created a shell company called SixtyEight Research as a front for a car project. However, these shells are often used as tax or legal loopholes, as setting up a shell company doesn't require much identification, which allows their ultimate owners to evade scrutiny. UC Berkeley economics professor Gabriel Zucman estimates that there is least US$7.6 trillion kept in offshore tax havens. However, due to the nature of tax havens, it's difficult to know for sure what the true amount is. ----------------------------------------­--------------------- Welcome to TomoNews, where we animate the most entertaining news on the internets. Come here for an animated look at viral headlines, US news, celebrity gossip, salacious scandals, dumb criminals and much more! Subscribe now for daily news animations that will knock your socks off. Visit our official website for all the latest, uncensored videos: http://us.tomonews.net Check out our Android app: http://bit.ly/1rddhCj Check out our iOS app: http://bit.ly/1gO3z1f Get top stories delivered to your inbox everyday: http://bit.ly/tomo-newsletter Stay connected with us here: Facebook http://www.facebook.com/TomoNewsUS Twitter @tomonewsus http://www.twitter.com/TomoNewsUS Google+ http://plus.google.com/+TomoNewsUS/ Instagram @tomonewsus http://instagram.com/tomonewsus -~-~~-~~~-~~-~- Please watch: "Crying dog breaks the internet’s heart — but this sad dog story has a happy ending" https://www.youtube.com/watch?v=4prKTN9bYQc -~-~~-~~~-~~-~-
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How the rich are putting money in offshore tax havens

How the rich are putting money in offshore tax havens

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  • Duration: 5:02
  • Updated: 06 Nov 2017
  • views: 644
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From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty. They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax. The Labour leader Jeremy Corbyn called for an inquiry into all the Paradise Papers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.
https://wn.com/How_The_Rich_Are_Putting_Money_In_Offshore_Tax_Havens
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: 23611
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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
Tax Havens: The Great Scam

Tax Havens: The Great Scam

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  • Duration: 3:45
  • Updated: 21 Nov 2012
  • views: 35365
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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
Top offshore tax havens for bank secrecy

Top offshore tax havens for bank secrecy

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  • Duration: 2:20
  • Updated: 09 Dec 2015
  • views: 2489
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http://www.nomadcapitalist.com Interested in finding the next safe heavens for bank secrecy? Times have changed and countries like Switzerland are not recommended. Find out which ones have the best benefits for legally banking offshore now. ----- ABOUT NOMAD CAPITALIST Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom. Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports. He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump. As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve. Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle. About Andrew: http://www.nomadcapitalist.com/about/ Our website: http://www.nomadcapitalist.com Our blog: http://www.nomadcapitalist.com/blog/ Work with Andrew: http://www.holanomad.com/
https://wn.com/Top_Offshore_Tax_Havens_For_Bank_Secrecy
Steve Mnuchin grilled about potential offshore tax havens

Steve Mnuchin grilled about potential offshore tax havens

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  • Duration: 3:10
  • Updated: 19 Jan 2017
  • views: 2553
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Trump's pick for treasury secretary, Steven Mnuchin, answers questions about his work with offshore accounts in Anguilla.
https://wn.com/Steve_Mnuchin_Grilled_About_Potential_Offshore_Tax_Havens
Transfer pricing and tax havens | Taxes | Finance & Capital Markets | Khan Academy

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

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  • Duration: 6:47
  • Updated: 08 Oct 2012
  • views: 142136
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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
Major Banks Help Clients Hide Trillions in Offshore Tax Havens

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

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  • Duration: 14:13
  • Updated: 03 Aug 2012
  • views: 32469
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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
'Paradise Papers' leak shines light on offshore tax havens

'Paradise Papers' leak shines light on offshore tax havens

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  • Duration: 5:33
  • Updated: 05 Nov 2017
  • views: 10868
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The International Consortium of Investigative Journalists' Will Fitzgibbon on the leak and what it could mean for offshore tax havens. Subscribe to CTV News to watch more videos: https://www.youtube.com/ctvnews Connect with CTV News: For the latest news visit: http://www.ctvnews.ca/ For a full video offering visit the CTV News Network: http://www.ctvnews.ca/video CTV News on Facebook: https://www.facebook.com/CTVNews CTV News on Twitter: https://twitter.com/CTVNews Watch CTV News on Twitter: https://twitter.com/WatchCTVNews CTV News on Google+: https://plus.google.com/+CTVNews/posts CTV News on Instagram: https://instagram.com/ctvnews/ CTV News on Pinterest: https://www.pinterest.com/ctvnews --- CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.
https://wn.com/'Paradise_Papers'_Leak_Shines_Light_On_Offshore_Tax_Havens
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: 7134
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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
Tax Havens • Explained With Maps

Tax Havens • Explained With Maps

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  • Duration: 5:08
  • Updated: 10 Jan 2015
  • views: 23390
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Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens? Video transcript and images: http://explainedwithmaps.com/tax-havens/
https://wn.com/Tax_Havens_•_Explained_With_Maps
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: 468
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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
KPMG offshore tax dodge

KPMG offshore tax dodge

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  • Duration: 3:11
  • Updated: 04 Mar 2017
  • views: 2528
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A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman Click here for the full story: http://www.cbc.ca/1.4006469 »»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1 Voice Your Opinion & Connect With Us Online: The National Updates on Facebook: https://www.facebook.com/thenational The National Updates on Twitter: https://twitter.com/CBCTheNational The National Updates on Google+: https://plus.google.com/+CBCTheNational »»» »»» »»» »»» »»» The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.
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Paradise Papers Expose “Cleverest Ways of Exploiting” Offshore Tax Havens by GOP & Democratic Donors

Paradise Papers Expose “Cleverest Ways of Exploiting” Offshore Tax Havens by GOP & Democratic Donors

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  • Duration: 8:54
  • Updated: 08 Nov 2017
  • views: 10729
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https://democracynow.org - Examining the Paradise Papers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly severe” taxes that would be triggered if he tried to bring the funds onshore. We speak with Jon Swaine, senior reporter for The Guardian. Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate FOLLOW DEMOCRACY NOW! ONLINE: Facebook: http://facebook.com/democracynow Twitter: https://twitter.com/democracynow YouTube: http://youtube.com/democracynow SoundCloud: http://soundcloud.com/democracynow Daily Email: https://democracynow.org/subscribe Google+: https://plus.google.com/+DemocracyNow Instagram: http://instagram.com/democracynow Tumblr: http://democracynow.tumblr.com Pinterest: http://pinterest.com/democracynow iTunes: https://itunes.apple.com/podcast/democracy-now!-audio/id73802554 TuneIn: https://tunein.com/radio/Democracy-Now-p90 Stitcher Radio: https://www.stitcher.com/podcast/democracy-now
https://wn.com/Paradise_Papers_Expose_“Cleverest_Ways_Of_Exploiting”_Offshore_Tax_Havens_By_Gop_Democratic_Donors
Apple defends moving offshore profits to an island tax haven | Engadget Today

Apple defends moving offshore profits to an island tax haven | Engadget Today

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  • Duration: 2:30
  • Updated: 07 Nov 2017
  • views: 11112
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Part of the gift of the leaked Paradise Papers. A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies. Subscribe to Engadget on YouTube: http://engt.co/subscribe Get More Engadget: • Like us on Facebook: http://www.facebook.com/engadget • Follow us on Twitter: http://www.twitter.com/engadget • Follow us on Instagram: http://www.instagram.com/engadget • Add us on Snapchat: https://www.snapchat.com/add/engadgetHQ • Read more: http://www.engadget.com Engadget is the definitive guide to this connected life.
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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: 3741
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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)
Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

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  • Duration: 13:27
  • Updated: 05 Nov 2017
  • views: 211519
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A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US. The leak, dubbed the Paradise Papers, contains 13.4m documents, mostly from one leading firm in offshore finance. BBC Panorama is part of nearly 100 media groups investigating the papers. Please subscribe HERE http://bit.ly/1rbfUog World In Pictures https://www.youtube.com/playlist?list=PLS3XGZxi7cBX37n4R0UGJN-TLiQOm7ZTP Big Hitters https://www.youtube.com/playlist?list=PLS3XGZxi7cBUME-LUrFkDwFmiEc3jwMXP Just Good News https://www.youtube.com/playlist?list=PLS3XGZxi7cBUsYo_P26cjihXLN-k3w246
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