Estimates Indicate Tax Havens Cost $200 Billion Each Year to Governments
It is no secret that there is a great deal of controversy surrounding tax havens. Those against them argue that tax havens allow high net worth individuals and corporations to…
Crystal worldwide Blog
African Billionaire Isabel Dos Santos Used the United States as a Tax Haven to Hide Her Luxury Apartment
Recent reports show that African billionaire Isabel dos Santos concealed her luxury apartment by using the United States as a tax haven. The use of the tax haven allowed dos…
The EU Is Closing Free Ports Due to Concerns of Money Laundering and More
Various countries around the world handle tax havens and concerns about money laundering in different ways. Recently, the European Union decided to take action, clamping down on the free ports…
The UK Is Approaching the Top 10 Secretive Financial Systems According to the Tax Justice Network
The Tax Justice Network (TJN) is known for its work in fighting tax secrecy and tax havens. Recently, the organization reported that the United Kingdom is climbing up higher on…
British Crown Dependencies Finally Have a Timeline for Transparency of Secret Company Registers
There has been a great deal of debate regarding the secret company registers found in various tax havens, including British Crown Dependencies. The Debate For years, those who oppose this…
Netflix UK Has Been Accused of Hiding Profits in the Netherlands
Netflix is one of the major tech giants that has faced tax controversies over the years. Most recently, Netflix United Kingdom was accused of hiding its profits in the Netherlands…
Australian Clients Will Receive Intimidating Letters as Part of a Tax Crackdown
A recent tax crackdown on Thursday, January 23rd, included intimidating letters sent to Australian clients. The clients all belong to a firm that was not named, but it is clear…
France Released an Updated Blacklist for Tax Havens
Each country typically has its list of tax havens that are blacklisted, potentially with a gray list as well. The consequences for blacklisted countries vary. However, they may include economic…
Portugal Will End Its Tax Haven Policy for Foreign Retirees
For years, Portugal has been a tax haven for foreign retirees, but this will soon be changing. The Program The program that turned Portugal into a tax haven for foreign…
After Prince Andrew’s Revelations About Using a Tax Haven Tycoon’s Luxury Jet, That Tycoon Is Under Intense Scrutiny for Opaque Finances
New information revealed that Prince Andrew made a secret deal to use the 40-million-pound luxury jet of a tax haven tycoon. This has led to intense scrutiny of the tax…