Manchester United Manager Accepts One-Year Sentence in Spanish Tax Evasion Case
Spain is among the countries with a strong reputation of being tough on tax evasion, something Manchester United manager Jose Mourinho has recently discovered
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British Territories Fight to Maintain Their Tax Haven Secrecy
The leaders of various British Overseas Territories recently made headlines when they entered talks with the ministers in hopes of reversing the UK’s decision to end bank secrecy related to offshore tax havens.
Bitcoin Wants to Become an Alternative to Offshore Tax Havens for the Rich
For years, high-net-worth individuals have been using offshore bank accounts in countries considered to be tax havens to reduce their annual taxes. With increasing attention pointed to these tax havens and many governments beginning to crack down on the low tax associated with them, some see Bitcoin as a potential alternative to the traditional offshore bank.
Irish Revenue Department Pulled in 88M Euros During Offshore Tax Evasion Haul
Early in August, the minister for finance confirmed that the Irish revenue commissioners brought in nearly 88 million Euros during the initiative to tackle the common problem of offshore tax evasion.
Experts Say the United States Cannot Afford Trump’s Stealth $100- Billion Tax Plan
President Trump tends to take bold actions on a weekly, if not on a daily basis, including with his planned tax cuts. Recently, those in the know heard about a potential plan that would cut $100 billion in taxes, something which would likely benefit high-net-worth individuals instead of the average person.
New Zealand’s Appeal as an Offshore Financial Center Grows
Among those in search of an offshore financial center, New Zealand is growing in popularity. This country certainly does not meet the typical description of an offshore center to avoid international tax, but it poses its own benefits.
Pope Comments on Offshore Tax Havens
Pope Francis recently made headlines in the world of wealth planning for high-net-worth individuals by denouncing the practice of using offshore tax havens.
Plans to Extend Offshore Tax Investigations Come Under Fire
Earlier this year, the UK’s HM Revenue and Customs (HMRC) department made headlines for a consultation on the plans to extend the time limits related to offshore tax investigations.
Meghan Markle’s US Tax Obligations Threaten to Expose the British Royals
The royal wedding was recently all over the news, with millions around the world celebrating the marriage of Prince Harry and Meghan Markle. This event was more than just a glimpse into the life of the British elite and royals; it was also a prominent example of the complexities of tax planning, particularly when dealing with international taxes.
Cristiano Ronaldo Told to Pay £24M or Face Trial for Tax Evasion
In addition to all the headlines about the World Cup, football (or soccer, depending on where you live) fans around the world have also likely noticed the scandal involving Cristiano Ronaldo and his tax situation.