Canada’s Revenue Agency Says Canadians Implicated in Panama Papers Shouldn’t Expect a Tax Deal
Canadians who have been somehow implicated in the Panama Papers leaked earlier this year shouldn’t expect leniency, the Canada Revenue Agency (CRA) said.
Crystal worldwide Blog
EU Makes Inquiry into Panama Papers Scandal
The European parliament has opened a 10-month inquiry examining the Panama Papers scandal, holding its first evidence session in Brussels.
New Research Sheds Light on Use of Shell Companies by African Officials
Records leaked in the now-infamous Panama Papers scandal have revealed how corrupt entrepreneurs and government officials across Africa have actively used shell companies and bribes to hide profits made from natural resource extraction
Bank Fined for Panama Papers Link
Taiwan’s Mega International Commercial Bank has been slapped with a $180 million fine by the New York State financial regulator for a range of anti-money laundering failures.
Countries with the Highest Corporate Tax Rates in the World
According to the Tax Foundation, the average highest corporate income tax rate is 22.9 percent, or 29.8 percent when weighted by GDP. However, some countries have significantly higher corporate tax…
The 5 Countries with the Lowest Taxes
When looking at where to incorporate their businesses, owners often try to find jurisdictions that are business-friendly.
4 Panama Papers Myths Busted
The release of the Panama Papers last April certainly ignited a firestorm of controversy and made for some sensational headlines. However, chances are that not everything you’ve heard about this now-infamous leak is true.
3 Common Offshore Mistakes and How to Avoid Them
It’s true that offshore accounts and businesses can present a number of advantages, helping you minimize your tax liability, better protect your assets, and enhance financial privacy.
Should You Set up an Offshore Trust?
An offshore trust works just like any onshore trust. It involves legally transferring assets out of your name. A person known as a trustor or settler sets up the trust to benefit a beneficiary, giving charge of the trust to a trustee.
Understanding the Different Types of Trusts
Trust can provide a number of different financial advantages, from helping your beneficiaries to avoid probate to ensuring a specific family member receives financial support after you have passed away.