Millions of people are recently unemployed in the U.S. alone and another 1.6 billion people across the globe are at risk of losing their livelihoods. The number of those who…
It is a well-known fact that tax havens are somewhat controversial. Those in favor of them point out that they are perfectly legal. Therefore, high net worth individuals and companies…
John Hargreaves, a famous tycoon of Matalan, claims that accounting firm PwC, or PricewaterhouseCoopers, gave bad tax avoidance advice. Hargreaves has filed a lawsuit against PwC, and the big four…
In its quest for official assistance from the government, Lufthansa has listed its tax haven subsidiaries. This move comes amidst criticism of international organizations that use tax havens to avoid…
The coronavirus has brought some of the controversy regarding tax havens back into the spotlight, with many critics of tax havens disapproving of the fact that companies that avoid paying…
It is no secret that the coronavirus has had a dramatic impact on the world, including numerous unexpected consequences. Those who criticize tax havens argue that one of these changes…
The current crisis has been affecting the world in many unexpected ways. Some people feel that one of its surprising effects may be the return of offshore money back to…
Recently, Damien Reynolds proved how easy it is for high-net-worth individuals who evade taxes to also evade jail time. Despite evading an estimated $4 million, he will not spend any…
Given the already controversial status of tax havens, it should be unsurprising that some matters relating to coronavirus relief and tax havens are highly contentious. Specifically, many countries, regions, and…
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…