Latest News for: Offshore tax shelter

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View from the Left: Restoring corporate tax rate to 35% not socialism

The Bulletin 14 May 2021
Progressive taxation can help, but taxing wealth itself is the ultimate solution ... We must restore the corporate tax rate to 35%, crack down on offshore tax shelters and loopholes, and enact modest transaction fees on financial speculation. Imposing a 45% estate tax on inherited ...
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MPs urged to demand the names of Canadians behind offshore tax shelters

CBC 06 May 2021
A tax expert who was prevented from speaking to a Commons committee about tax avoidance five years ago says it's time for MPs to demand the identities of Canadians behind offshore shell companies ... .
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Bernie Sanders: How to raise trillions without hiking taxes on working Americans

Democratic Underground 21 Apr 2021
... to the Cayman Islands, Bermuda and other offshore tax havens ... By repealing the Trump tax breaks for large corporations, restoring the corporate tax rate to 35%, cracking down on offshore tax shelters and closing tax loopholes, we could generate at least $2.3 trillion in revenue .
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Is it Time For Banks to Move Over And Create Space For Blockchain?

Finance Magnates 19 Apr 2021
Give a man a gun and he can rob a bank. Give a man a bank and he can rob the whole world ... In 2017 the Prime Minister of Iceland faced calls to resign after being named in an enormous leak of documents showing how offshore shell companies and tax shelters were being used to secret funds by a Panamanian law firm.Step up Blockchain ... ....
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Reports show corporations and ultra rich get the benefits without paying the taxes

People's World 08 Apr 2021
Their tactics included outright underreporting of 21.8% of their income, and tax shelters for a lot of the rest, its writers added ... taxes in offshore havens such as the Cayman Islands, and other methods they use to hide their hoards ... corporations found ways to shelter their profits ...
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Republicans claim Biden $2tn infrastructure plan a partisan tax hike

The Observer 04 Apr 2021
“The problem with this particular plan, though, is although the Biden administration is calling it an infrastructure plan, it looks more like a $2tn tax hike plan, to me ... Biden proposes funding his plan by raising corporate tax rates and making it more difficult for corporations to utilize offshore tax shelters.
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Biden’s tax plans get qualified welcome from Neal

Irish Independent 02 Apr 2021
US Representative Richard Neal, the top Democrat for tax policy in the House, offered only ... Mr Biden’s plan would raise the US corporate income tax rate to 28pc from 21pc and make it harder for companies to use offshore tax shelters and other means to reduce their tax burdens.
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'Every step of the way': Republican Mitch McConnell pledges battle over Biden infrastructure plan

Straits Times 01 Apr 2021
Meanwhile, a key House of Representatives Democrat said lawmakers could significantly change the tax proposals included in Biden's plan ... Biden wants to cover the cost of the plan by raising corporate tax rates and making it harder for the companies to use offshore tax shelters.
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'Every step of the way': Republican McConnell pledges battle over Biden US$2 trillion infrastructure plan

Straits Times 01 Apr 2021
Meanwhile, a key House of Representatives Democrat said lawmakers could significantly change the tax proposals included in Biden's plan ... Biden wants to cover the cost of the plan by raising corporate tax rates and making it harder for the companies to use offshore tax shelters.
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'Every step of the way': McConnell pledges battle over Biden infrastructure plan

Hindustan Times 01 Apr 2021
Biden has proposed funding the package by raising the tax rate on US corporations to 28% from 21% and making it harder for companies to use offshore tax shelters and other methods to reduce their tax burdens. McConnell warned that "massive tax increases" would harm the economy and said the package's spending level could run up the debt.
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‘Every step of the way’: McConnell pledges battle over Biden infrastructure plan

Metro USA 01 Apr 2021
At a news conference in Owensboro, Kentucky, McConnell said the Biden proposal underscores deep philosophical differences between Republicans and Democrats over taxes and the national debt ... corporations to 28% from 21% and making it harder for companies to use offshore tax shelters and other methods to reduce their tax burdens.
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U.S. House tax chief offers partial support for Biden infrastructure tax plan

Metro USA 01 Apr 2021
corporate income tax rate to 28% from 21% and make it harder for companies to use offshore tax shelters and other means to reduce their tax burdens ... Neal said he has spoken to Treasury Secretary Janet Yellen about his own approach, which includes “new market” tax credits, a low-income tax credit and an expansion of others.
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UPDATE 3-The hard part: Biden infrastructure-linked tax hikes face hurdles in Congress

Yahoo Daily News 01 Apr 2021
corporate tax rate to 28%, from its current 21%, to secure more revenue from corporations that have used offshore tax shelters and other measures to reduce their tax burdens.  ... corporations to relocate their headquarters to lower-tax countries for tax purposes or to shift profits overseas.
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Now the hard part: Biden tax hikes face hurdles in Congress

Hindustan Times 31 Mar 2021
The plan, which Biden will unveil at an event in Pittsburgh later on Wednesday, would hike the US corporate tax rate to 28%, from its current 21%, to secure more revenue from corporations that have used offshore tax shelters and other measures to reduce their tax burdens.
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The hard part: Biden infrastructure-linked tax hikes face hurdles in Congress

Metro USA 31 Mar 2021
corporate tax rate to 28%, from its current 21%, to secure more revenue from corporations that have used offshore tax shelters and other measures to reduce their tax burdens. Senate Minority Leader Mitch McConnell said he was “not likely” to support the package if it included those tax hikes.
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