Search Results for: tax authority
The Tiny Malaysian Island That Wants to Be a Tax Haven
June 3rd, 2016
In the secretive world of offshore tax havens, the tiny Malaysian island of Labuan is doing something curious: seeking the spotlight. Top executives of the Labuan International Business and Financial Centre have been on a tour of major cities ...
Five States Agree To Adopt New Tax Transparency Standard
May 19th, 2016
Bahrain, Lebanon, Nauru, Panama, and Vanuatu – five territories that were earlier criticized for not following tax transparency standards – have newly committed to sharing financial account information automatically with other countries. With these new commitments, 101 jurisdictions around ...
Nearly 400 LSE-listed companies based in tax havens linked to UK
May 13th, 2016
Research finds 389 firms on London Stock Exchange with market capitalisation of £225bn are registered in offshore territories Almost 400 companies listed on the London Stock Exchange (LSE), with a collective market capitalisation of £225bn, are based in offshore havens connected ...
Panama Papers spur global tax tightening as second leak names more people, companies
May 10th, 2016
Details are still being sifted from the hugely anticipated second global data leak that names people, companies and tax schemes connected to offshore entities — many with familiar names. Legal or otherwise, the new cache of thousands of financial ...
US tax havens – the new Switzerland
May 9th, 2016
America is a magnet for offshore wealth, notably South Dakota, which has guaranteed secrecy In an old discount store hugging a corner in downtown Sioux Falls, South Dakota, the heirs to the William Wrigley chewing gum fortune have an office for ...
Google Grilling: Search Giant Faces More Questions Over Tax Deal With UK Government
February 11th, 2016
Earlier this month Alphabet, the parent company of Google, granted Google CEO Sundar Pichai almost $200 million in stock options. That sum, generous by any measure, is greater than the $185 million Google agreed to pay a week earlier to settle British tax issues covering the past ...
31 countries sign tax co-operation agreement to enable automatic sharing of country by country information
January 28th, 2016
A boost to transparency in international tax matters: 31 countries sign tax co-operation agreement to enable automatic sharing of country by country information As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries signed today ...
Google, Facebook, Amazon, eBay and Apple avoided £1BILLION of UK tax
January 27th, 2016
A Mirror investigation has revealed the UK is missing out on huge sums as multinational firms are based in tax havens Five of the world’s biggest tech companies avoided paying £1 BILLION in UK tax last year, the Mirror ...
UK tax avoidance: Google looks ‘to pay three times more tax’ in France than in UK
January 26th, 2016
Google is said to be negotiating a tax settlement with France worth three times more than it paid the British Exchequer even though it employs thousands more staff in the UK. The UK arm generates about three times as ...
HMRC admits to winding up inquiry into HSBC tax evasion claims
January 14th, 2016
Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customers HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s ...
