According to a report released late last year, at least 40 percent of foreign investments are aimed at reducing taxes. These investments frequently lead to empty corporate shells that do…
No country is immune from controversy regarding tax havens and tax fairness, including Canada. Recently, Canadians for Tax Fairness warned that the Canadian government is not working hard enough to…
When most people think of tax havens, they picture offshore locations that attract millionaires, billionaires, and business owners due to their low tax rates. Some critics, however, argue that Jackson…
Most people are well aware of the controversy regarding tax havens and tax avoidance around the world. Even so, looking at specific cases, such as that of the Dick family,…
According to a Global Witness report, most of the European Union member states did not meet a deadline for financial transparency. The rule in question was to create public registers…
It is no secret that multinational companies and high-net-worth individuals regularly make use of tax havens, but most people do not expect a similar stance from the World Bank. But…
It is no secret that many multinational companies and high-net-worth individuals use tax havens to hide their funds and avoid paying taxes on profits and assets. Recently, the Walgreens CEO…
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…
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…
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…