Tax Havens Key Issue in Brexit Process
A number of tax havens under British control are demanding a say in Brexit negotiations. Several British overseas territories, including Anguilla, Bermuda, the British Virgin Islands, Cayman Islands, and Turks…
Crystal worldwide Blog
UN Expert Urges Next UN Chief to Address Tax Havens
A United Nations expert has urged António Guterres, the newly selected UN secretary-general, to take immediate action to address tax havens. Alfred de Zayas, the UN’s independent expert on the promotion of a democratic and equitable international order, has said that the appointment of Guterres offers a new opportunity for the world to tackle illicit financial flows, urging the UN to draft a convention that would ban tax havens worldwide.
Can Ecuador End Politicians’ Use of Tax Havens?
Ecuador will hold a referendum to prevent all politicians and public servants in the country from keeping money in offshore accounts. The referendum is intended to help mitigate problems of tax avoidance, which the Ecuadorian government says cuts significantly into its revenue and hinders its ability to provide public goods for the benefit of the people.
Israelis Arrested over Tax Evasion
The Israeli Tax Authority is pursuing the arrests of Israeli citizens who have registered companies in tax shelter jurisdictions and overseas bank accounts on suspicion of tax evasion. Information on these Israeli citizens and their holdings has been obtained from a variety of sources, namely the Panama Papers and a leaked list of customers at UBS Switzerland
Hungary Lowers Corporate Tax Rate to 9 Percent
Hungary has slashed its corporate tax rate to just 9 percent, the lowest in the European Union. The move pushes the country’s rate even lower than that of Ireland’s, which is set at 12.5 percent.
BHP Billiton Accused of Tax Evasion
Former Australian Labor Treasurer Wayne Sway has alleged that mining giant BHP Billiton has been evading taxes for years.
Are Offshore Jurisdictions Good for the Global Economy?
Offshore jurisdictions have always been a contentious topic. However, since the publication of the Panama Papers in April, the debate has heated up.
Apple Named the Biggest Corporate Tax Avoider in the US
Apple officially has been dubbed the biggest corporate tax avoider in the U.S. after sending a staggering £171.6 billion (roughly $210 billion) of last year’s profits overseas.
Denmark Buys Panama Paper Documents
Last month, Denmark’s government became the first national government in the world to purchase data from the Panama Papers leak.
Tax Evasion or Tax Avoidance: What You Should Know about Donald Trump’s Taxes
Revelations that U.S. Republican presidential candidate Donald Trump has paid no federal taxes for the past 18 years has set off a storm of controversy.