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.... Other charitable projects include food donations in Greece and projects to reconcile differences between Greek-Cypriots and Turkish-Cypriots in the country of his birth. He also funds unspecified projects in the tax haven of Monaco, where he lives. ... [Read full article on Guardian ]
Tuesday 30th of May 2017 06:38:38 PM
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....Brussels is preparing to crack down on accountants and lawyers running tax-avoidance schemes in response to the Panama Papers scandal that showed how the rich and powerful hide their money. Jean-Claude Juncker, the European commission president, told MEPs on Tuesday that he would table a draft law before the end of June that aims to shed light on experts who help clients exploit tax laws and shift money to offshore tax havens. ... [Read full article on Guardian ]
Tuesday 30th of May 2017 06:24:16 PM
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....It is joint owned by the CPC Group and Sheikh Hamad bin Jassim bin Jaber al-Thani, former prime minister and minister of foreign affairs of Qatar. An investigation by Vanity Fair in 2013 found that 64 of the apartments were held by companies registered in offshore tax havens. ... [Read full article on BBC ]
Friday 9th of June 2017 04:51:11 AM
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....Gross salary £100,000After tax £59,000Tax rate 41%. While Ireland remains a low-tax haven for giant multinationals, its resident population has suffered steep tax increases after its banks collapsed and it was forced into a £57bn IMF-EU bailout. ... [Read full article on Guardian ]
Saturday 27th of May 2017 06:00:20 AM
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....Spain’s top anti-corruption prosecutor has resigned following weeks of pressure that culminated in an admission that he holds a stake in an offshore company in Panama. Manuel Moix stepped down “for personal reasons” on Thursday, shortly after it emerged that he has a quarter-share in a company in the Central American tax haven that was apparently set up as part of an inheritance from his parents. ... [Read full article on Guardian ]
Thursday 1st of June 2017 01:21:08 PM
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. Foreign investors are buying up thousands of homes suitable for first-time buyers in London, using them as buy-to-let investments and often holding them in offshore tax havens, research for the London mayor, Sadiq Khan, has revealed. ... [Read full article on Guardian ]
Tuesday 13th of June 2017 03:10:07 PM
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Latest Finance News related to Tax Haven

Foreign investors snapping up London homes suitable for first-time buyers image
. Foreign investors are buying up thousands of homes suitable for first-time buyers in London, using them as buy-to-let investments and often holding them in offshore tax havens, research for the London mayor, Sadiq Khan, has revealed. ...
Qatar and the UK image
Source : BBC [Read Article] Friday 9th of June 2017 04:51:11 AM
....It is joint owned by the CPC Group and Sheikh Hamad bin Jassim bin Jaber al-Thani, former prime minister and minister of foreign affairs of Qatar. An investigation by Vanity Fair in 2013 found that 64 of the apartments were held by companies registered in offshore tax havens. ...
Spain's top anti-corruption prosecutor quits over Panama link image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:21:08 PM
....Spain’s top anti-corruption prosecutor has resigned following weeks of pressure that culminated in an admission that he holds a stake in an offshore company in Panama. Manuel Moix stepped down “for personal reasons” on Thursday, shortly after it emerged that he has a quarter-share in a company in the Central American tax haven that was apparently set up as part of an inheritance from his parents. ...
Sir Stelios Haji-Ioannou pledges to give half of £2bn fortune to charity image
.... Other charitable projects include food donations in Greece and projects to reconcile differences between Greek-Cypriots and Turkish-Cypriots in the country of his birth. He also funds unspecified projects in the tax haven of Monaco, where he lives. ...
EU targets lawyers and accountants in tax-avoidance clampdown image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:24:16 PM
....Brussels is preparing to crack down on accountants and lawyers running tax-avoidance schemes in response to the Panama Papers scandal that showed how the rich and powerful hide their money. Jean-Claude Juncker, the European commission president, told MEPs on Tuesday that he would table a draft law before the end of June that aims to shed light on experts who help clients exploit tax laws and shift money to offshore tax havens. ...
Tax on test: do Britons pay more than most? image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
....Gross salary £100,000After tax £59,000Tax rate 41%. While Ireland remains a low-tax haven for giant multinationals, its resident population has suffered steep tax increases after its banks collapsed and it was forced into a £57bn IMF-EU bailout. ...
EU insists trade deals must meet its labour  and competition standards image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:21:29 AM
....As enforcer of the EU’s competition rules, Vestager has called on Apple to pay a record-breaking €13bn (£11bn) in back taxes to Ireland, after finding the Us tech company had benefitted from a sweetheart deal that gave it an unfair advantage. She played down comments by the chancellor, Philip Hammond, that the UK could “be forced to become” a low-tax haven if there was no good Brexit deal. ...
General election 2017: 'Robin Hood tax' on City pledged by Labour image
....Mr McDonnell also said Labour would ensure "fairness" in the UK's tax system with a string of tax-avoidance measures. These include increasing the number of people investigating the tax affairs of the wealthiest individuals, banning companies involved in tax avoidance from public contracts, sanctions against "abusive" tax havens, and forcing MPs to publish details of any offshore financial interests. ...
The Tory energy cap is not a policy. It’s a confession | Owen Jones image
.... Second, May’s own MPs are preparing to further water down her energy commitment. Third, if Britain crashes out of the EU with no deal – a likelihood increased by May’s attempt to destabilise relations with EU neighbours for electioneering purposes – then we may be reduced to becoming a tax haven stripped of social provision. ...
'I thought I was invincible' image
Source : BBC [Read Article] Tuesday 9th of May 2017 11:09:35 PM
....He says they are more likely to be rogue businessmen, who may have worked in legitimate pharmaceutical supplies, and who know the systems. They'll often deal through offshore companies locked up in tax havens, and have the wherewithal to produce millions of doses of a particular fake medicine. ...
Lewis Hamilton takes pole position in Sunday Times sport rich list image
Source : Guardian [Read Article] Saturday 6th of May 2017 05:01:54 AM
.... He took the top spot thanks to his driving fees from Mercedes and a string of lucrative sponsorship deals including with L’Oréal, IWC watches and Bombardier, which supplies the private jet he uses to travel the world to races. Hamilton, who moved to the tax haven of Monaco from Switzerland, another tax-light jurisdiction, in 2012, has said he does pay tax in the UK. ...
Swiss 'spied inside German ministry' in tax scandal image
Source : BBC [Read Article] Thursday 4th of May 2017 11:22:21 AM
.... . German authorities say they are owed tens of billions of euros in unpaid capital gains tax because of money hidden in Switzerland and other tax havens. ...
TUC chief calls for changes to post-Brexit trade dispute court image
Source : Guardian [Read Article] Sunday 16th of April 2017 12:09:48 PM
....The TUC’s trickier task is arguably to lobby the British government, as debate rages about what kind of economy post-Brexit Britain should be. On the steps of Downing Street in her first speech as prime minister, May promised to fight the “burning injustice” of poverty, but the government’s message was clouded when Philip Hammond suggested the UK could turn itself into a tax haven if it didn’t get a good Brexit deal. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
.... Corporate America has been keeping the money overseas because through legal loopholes corporations can defer US taxes continually so long as income is not repatriated to the US. The amount of money held offshore, much of it in tax havens, increased by $200bn in 2015, according to Oxfam’s Rigged Reform paper. ...
Tory donor Lycamobile in £26m tax dispute image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....Labour’s shadow chancellor, John McDonnell, raised concerns about the VAT dispute and the reasons for Lycamobile’s transactions through a Madeira company. “If true, then it’s time for the Tories to get a grip and take tax avoidance seriously for once and refuse further donations from any company that funnels money via a tax haven,” he said. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... The latest balance of payments figures show that Britain runs a deficit with the EU, but a surplus with the rest of the world. The second assumption is that membership of the EU is all that stands between the thriving Britain of today and the low-wage tax haven of tomorrow. ...
Viagogo's shady reputation grows as it shuns critics image
Source : Guardian [Read Article] Friday 24th of March 2017 06:02:46 PM
.... Where those letters are now is anybody’s guess. The Viagogo empire is owned by founder Eric Baker’s private company, Pugnacious Endeavors, located in Delaware, the US state famed for corporate secrecy and tax haven status. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Mnuchin called his failure to disclose assets an oversight. After meeting with committee staff Mnuchin amended his disclosure forms and also disclosed his position as director of Dune Capital International in the Cayman Islands, a well-known offshore tax haven. ...
Candy brothers were 'not prepared to pay any tax', high court told image
Source : Guardian [Read Article] Friday 10th of February 2017 05:27:30 PM
....”. The Candys split their business a decade ago, with the most lucrative element – developing and selling property – relocating from the UK to the tax haven of Guernsey. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
. The government of Bermuda has hit back at British efforts to end offshore financial secrecy, claiming the UK itself is a “tax haven”. ...
Supreme court rules parliament must have vote to trigger article 50 image
Source : Guardian [Read Article] Tuesday 24th of January 2017 10:12:29 AM
....The Labour leader, Jeremy Corbyn, said his party would not “frustrate the process for invoking article 50” but would seek to amend the government’s bill. Corbyn said: “Labour will seek to amend the article 50 bill to prevent the Conservatives using Brexit to turn Britain into a bargain basement tax haven off the coast of Europe. ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
....The profit of the British companies is essentially wiped out by the interest payments to their parents and this ultimately ends up in Delta Topco where it is paid to shareholders. As Delta Topco is based in the tax haven of Jersey no tax is deducted there. ...
May and Hammond fail to win new fans among tough Davos crowd | Larry Elliott image
....Davos is normally one of the easier gigs of the year for the prime minister. It is the perfect stage on which to trumpet what HM Government is doing about the burning issue of the day: developing country debt, climate change or getting tough on tax havens. ...
EU's £300m 'Space Egg', where UK's Brexit fate is likely to be sealed image
Source : Guardian [Read Article] Monday 16th of January 2017 08:24:48 AM
....The building is not just for summits, but the daily meetings of the council of ministers, the EU’s most powerful and least-understood institution. Ministers, diplomats and a small army of interpreters are in near-permanent session, holding more than 6,000 meetings a year, from haggling over fish stocks to sparring over tax havens. ...
Hammond threatens EU with aggressive tax changes after Brexit image
Source : Guardian [Read Article] Sunday 15th of January 2017 08:57:08 AM
. The chancellor, Philip Hammond, has suggested Britain could transform its economic model into that of a corporate tax haven if the EU fails to provide it with an agreement on market access after Brexit. ...
Malta accused of being tax haven as it takes EU presidency image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:00:14 AM
. Malta has been accused of being a tax haven, just as it takes the helm of the European Union in a critical year for the bloc’s crackdown on tax avoidance. ...
Observer business agenda’s review of the year image
Source : Guardian [Read Article] Sunday 1st of January 2017 09:00:02 AM
....The leak also showed a Panama-based offshore trust set up by David Cameron’s late father had benefited the then prime minister. He ended up making a complete hash of his response by stalling for three days, with four partial statements issued by Downing Street, before confessing he owned shares in the tax haven fund, which he sold for £31,500 just before becoming PM in 2010. ...
Snow cabins and jungle showers: the latest perks of a luxury London flat image
Source : Guardian [Read Article] Wednesday 28th of December 2016 01:59:49 PM
....Earlier this year, the Guardian revealed that a 50-storey block of 214 luxury apartments by the river Thames in Vauxhall was more than 60% owned by foreign buyers. One-quarter of the flats were held by companies in secretive offshore tax havens and many were unoccupied. ...
Adani coalmine 'covertly funded' by World Bank, says report image
Source : Guardian [Read Article] Thursday 22nd of December 2016 05:33:56 AM
....1bn for the rail portion of the Carmichael project. Adani’s loan application to the Australian government’s Northern Australia Infrastructure Facility has conditional approval, but questions persist about its eligibility, and the issue of taxpayers lending to a project held by corporate structures linked to the Cayman Islands tax haven. ...
Fears that EU measures against financial crime will be weakened image
Source : Guardian [Read Article] Tuesday 20th of December 2016 06:34:58 PM
.... The new text would allow individual countries to decide on their own definition of “legitimate interest”, potentially excluding the general public. There has been growing pressure for EU member states to publish their own registers of company beneficial owners after the publication of the Panama Papers earlier this year revealed how companies in tax havens can facilitate crime and tax fraud. ...
UK MPs unite to push for greater transparency from tax havens image
Source : Guardian [Read Article] Tuesday 20th of December 2016 12:01:33 AM
.... Over half of the corporate entities exposed by the Panama papers were registered in the BVI, a British overseas territory. “The UK is at the centre of a global web of tax havens which are costing UK taxpayers and developing countries huge sums of money. ...
Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
. Rex Tillerson, the businessman nominated by Donald Trump to be the next US secretary of state, was the long-time director of a US-Russian oil firm based in the tax haven of the Bahamas, leaked documents show. ...
World Bank raises record $75bn to help poorest members image
Source : Guardian [Read Article] Thursday 15th of December 2016 02:57:29 PM
....“The World Bank is also proposing to dramatically increase the money it gives via the private sector, which would be a bad idea. The bank has a very poor track record in this area, bankrolling corporations that make active use of tax havens and others that have been involved in murderous land grabs. ...
Our problem isn’t robots, it’s​ ​the​ ​low-wage car-wash economy | Paul Mason image
.... Third we have to redistribute wealth downwards instead of upwards. If Theresa May’s government was actually listening to Carney (instead of trying to undermine him as in reality), they should scrap Philip Hammond’s austerity targets, raise tax revenues, shut down tax havens and take decisive measures to end the creation of low-wage, low-productive jobs. ...
Bermuda is world's worst corporate tax haven, says Oxfam image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:40 AM
. Bermuda is the world’s worst corporate tax haven, according to a list by Oxfam, which includes three other UK territories among those it names and shames. ...
Heard the latest Christmas story? It’s about how UK banks pay all their taxes | Prem Sikka image
.... It does not even contain an acknowledgement of the fact that the financial sector relies on support provided by taxpayers in the shape of loans and guarantees, or profits made through the private finance initiative (PFI). It is silent about the effective rate of corporation or capital gains taxes paid by financial services companies, profits shifted to tax havens, their tax avoidance schemes, or any sweetheart deals with HMRC. ...
HMRC chief calls for tax crackdown on Premier League footballers image
Source : Guardian [Read Article] Wednesday 7th of December 2016 08:08:13 PM
. Britain’s top tax inspector has called on the chancellor, Philip Hammond, to review the tax rules for super-rich football stars who are avoiding tax by siphoning earnings from Premier League games into image rights companies based in offshore tax havens. ...
Ikea Group plans €1bn investment in recycling companies and forests image
Source : Guardian [Read Article] Wednesday 7th of December 2016 02:30:51 PM
.... Many companies are unwinding complex corporate arrangements that have saved them large amounts of tax for many years. Research commissioned by the Green/EFA group in the European parliament claims to show that Ikea “structured itself to dodge €1bn in taxes over the last six years using onshore European tax havens”. ...
MP calls for inquiry into José Mourinho tax avoidance allegations image
Source : Guardian [Read Article] Sunday 4th of December 2016 10:03:39 AM
....The European Investigative Collaborations consortium – which worked alongside several newspapers including Germany’s Der Spiegel and the Sunday Times – claims to have found evidence suggesting tax officials in Britain and Spain had been misled by Mourinho’s advisers. Real Madrid player Cristiano Ronaldo is also cited in the reports as having allegedly moved money to a tax haven in the British Virgin Islands in what the Sunday Times described as “highly aggressive tax avoidance”. ...
Mourinho faces tax probe call over Sunday Times claims image
Source : BBC [Read Article] Sunday 4th of December 2016 12:05:04 AM
.... . It comes eight months after the so-called Panama Papers lifted the lid on how the world's rich and powerful use tax havens to hide their wealth. ...
Andorra to renounce banking secrecy as it sheds tax haven status image
Source : Guardian [Read Article] Friday 2nd of December 2016 05:48:33 AM
....Banking accounts for 20% of the economy in the nation of barely 90,000 citizens nestled in the Pyrenees between France and Spain. Andorra was briefly on the OECD’s “grey list” of non-cooperative tax havens drawn up as part of a crackdown on tax evasion after the global financial crisis. ...
Revealed: Coutts managed tax haven firms for controversial clients image
Source : Guardian [Read Article] Thursday 1st of December 2016 11:01:45 AM
....Coutts, the taxpayer-owned bank, provided offshore services to controversial clients including a member of the Brunei royal family accused of stealing billions from his own country, and a banker charged with assisting the sons of Egypt’s deposed president, Hosni Mubarak, in financial crime. Known as the Queen’s bank after its most famous customer, Coutts is revealed to have managed secretive tax haven structures for the Sultan of Brunei’s younger brother, Prince Jefri Bolkiah, and the investment banker Hassan Heikal. ...
Mossack Fonseca fined $440,000 in British Virgin Islands image
Source : Guardian [Read Article] Tuesday 15th of November 2016 08:20:20 PM
....They include failure to maintain controls to prevent money laundering and terrorist financing; failure to assess the risks of customers and one-off transactions; failure to undertake due diligence checks on customers; failure to keep up-to-date records on customers and failure to carry out proper compliance checks. “The scale of these fines imposed on Mossack Fonseca is embarrassingly inadequate,” said Robert Barrington, executive director of Transparency International UK, which lobbies against tax havens. ...
Three bank employees arrested in UK insider trading investigation image
Source : Guardian [Read Article] Friday 11th of November 2016 06:25:18 PM
....On Tuesday, the chancellor and the home secretary revealed the taskforce had been working on “a major insider-trading operation”. The investigation began before the publication of the Panama Papers but it has been given new impetus by the release of the biggest-ever leak of confidential tax haven data. ...
Treasury tries to thwart EU plans for tax haven blacklist image
Source : Guardian [Read Article] Monday 7th of November 2016 07:07:19 PM
. The UK government is fighting a rearguard action to prevent Guernsey, Jersey and British overseas territories from going on an EU blacklist of tax havens. ...
HMRC chasing £1.9bn tax from UK's richest people image
Source : BBC [Read Article] Tuesday 1st of November 2016 02:11:03 AM
....". HMRC is also investigating the huge leak of records from law firm Mossack Fonseca, known as the Panama Papers, which revealed how the rich and powerful use tax havens to hide their wealth. ...
London mayor launches unprecedented inquiry into foreign property ownership image
Source : Guardian [Read Article] Thursday 29th of September 2016 02:09:05 PM
....Earlier this year, the Guardian revealed how a 50-storey block of 214 luxury apartments by the river Thames in Vauxhall was more than 60% owned by foreign buyers. In one of the starkest examples of the impact of foreign investment, it found that a quarter of the flats were held by companies in secretive offshore tax havens, and many were unoccupied. ...
Amber Rudd facing calls to clarify involvement in tax havens image
Source : Guardian [Read Article] Thursday 22nd of September 2016 02:54:40 PM
. Amber Rudd is facing growing calls to clarify the extent of her involvement in tax havens following the Guardian’s disclosure that she had been a director of two companies in the Bahamas. ...
Leak reveals Amber Rudd's links to offshore investment funds image
Source : BBC [Read Article] Wednesday 21st of September 2016 06:41:48 PM
....The Bahamas has been criticised for holding out against international attempts to improve transparency and crack down on tax evasion and avoidance. Last year the European Union listed the Bahamas among 30 unco-operative tax havens. ...
Leaks reveal Amber Rudd's involvement in Bahamas offshore firms image
Source : Guardian [Read Article] Wednesday 21st of September 2016 06:00:27 PM
. Amber Rudd’s business career has come under scrutiny following a Guardian investigation that reveals her involvement with two companies in an offshore tax haven, and another where her co-director was jailed for fraud. ...
Bahamas files leaks expose politicians' offshore links image
Source : Guardian [Read Article] Wednesday 21st of September 2016 06:00:27 PM
.... In its latest revelations, the Guardian is publishing investigations based on the leak of 1. 3m internal files from the company register of the Bahamas, one of the world’s most notorious tax havens. ...
How to hide it: inside the secret world of wealth managers | Brooke Harrington image
Source : Guardian [Read Article] Wednesday 21st of September 2016 05:00:17 AM
....I was so taken aback by this statement that I simply thanked the man for his time, shook his hand, and walked back to the bar at my hotel to have a drink. I was unaware then of a precedent: just two years previously, the Channel Islands tax haven of Jersey had detained, deported, and ultimately banned a reporter from Newsweek magazine for investigating claims of illegal activity there. ...
Panama Papers: Denmark to buy leaked data image
Source : BBC [Read Article] Wednesday 7th of September 2016 04:48:57 PM
....The Panama Papers, first detailed in April, revealed the hidden assets of hundreds of politicians, officials, current and former national leaders, celebrities and sports stars. They listed more than 200,000 shell companies, foundations and trusts set up in tax havens around the world. ...
A slice of the pie image
Source : BBC [Read Article] Wednesday 7th of September 2016 03:34:13 PM
....That rate of corporate tax was jealously guarded during Ireland's recent bailout, when international lenders mooted raising it - but successive finance ministers have kept it firmly off the negotiating table. Ireland has, in the past, been accused by its European neighbours of being a tax haven - and has moved to address concerns. ...
Apple tax: Irish cabinet to appeal against EU ruling image
Source : BBC [Read Article] Friday 2nd of September 2016 05:12:42 AM
....For the government to turn down 13bn euros, equivalent to the country's annual health budget, is a huge political ask. The government's view is that it is in Ireland's long-term interest not to be seen as a tax haven, but to be seen as transparent regarding its taxation. ...
Irish Cabinet meeting about Apple tax ruling adjourned until Friday image
Source : BBC [Read Article] Wednesday 31st of August 2016 07:23:55 AM
.... . The Irish government has been criticised, particularly in the US, for almost being a tax haven similar to the Cayman Islands, something it strongly denies. ...
Tax avoidance: Accountants face tougher penalties image
Source : BBC [Read Article] Tuesday 16th of August 2016 11:09:38 PM
....Accountants see the move as a significant change, which could result in them paying fines even if the advice they give isn't illegal. The new rules come after the government set up a new task force to investigate allegations of tax-dodging and money laundering in light of the Panama Papers leak, which lifted the lid on how the rich and powerful use tax havens to hide their wealth. ...

Nobel economist Stiglitz quits Panama Papers probe over 'lack of transparency'
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...."We can only infer that the government is facing pressure from those who are making profits from the current non-transparent financial system in Panama," Mr Stiglitz said. The Panama Papers cover a period of almost 40 years, from 1977 until December 2015, and show that some companies set up in tax havens with the help of Mossack Fonseca may have been used for money laundering, arms and drug deals as well as tax evasion. ...

Government undermining efforts to put an end to tax avoidance from behind the scenes, warn MPs
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...."While publicly proclaiming their determination to tackle global tax avoidance, they have been encouraging these practices by changes they have made to the UK tax system and by refusing privately to agree to some key OECD proposals. "Their unwillingness to get tough on our overseas territories and crown dependencies, home to a number of tax havens, by forcing them to introduce public registers of beneficial ownership is frustrating. ...
Slough has most foreign-owned properties outside London image
Source : Guardian [Read Article] Tuesday 2nd of August 2016 04:58:31 PM
....Research by the Guardian in May found that 40,000 properties across London are owned by secretive offshore companies, an increase of 9% over the previous 10 months. Entire developments from the East End to Knightsbridge have been sold to anonymous owners shielded by companies in tax havens, including Panama, Liechtenstein and the British Virgin Islands. ...
Monaco has most millionaires per head in Europe – but London not far behind image
.... Such is the escalating exclusivity of the principality that only the ultra-wealthy are able to lay hands on Monégasque [from Monaco] passports,” said Williams. Monaco’s reputation as a tax haven for billionaires has been emphasised by the continuing furore over Tina Green, wife of the controversial former BHS boss Phillip Green, who has been resident in the principality since 1998. ...
The key lesson of Brexit is that globalisation must work for all of Britain | Gordon Brown image
....And by focusing entirely on proving we would be financially worse off, the Tory leadership never contested the illusion at the heart of the slogan “Take back control” – that in an increasingly interdependent world nations can avoid combining together to tackle pollution, financial instability, protectionism and inequality. Only the collective clout of Europe, for example, can bring tax havens into line. ...
Executive pay is obscene – restructuring the economy is the only way to curb it | Paul Mason image
.... If you have to do something as useful as actually running a company, as opposed to simply managing financial investments, a Russian crime empire or feudally acquired land, you are still – in elite terms – seen as a second-rater. Among the true elite, if you are going to run a company that actually does stuff, the optimal way of doing so is through the private equity model, where the business is managed by a close relative in a tax haven. ...
Now’s the time for this government to act on tax avoidance | John McDonnell image
....We should be under no illusions about the scale of the problem. Reliable, conservative estimates suggest that at least $21tn is hidden globally in tax havens. ...
Panama Papers inquiry expected to call George Osborne as witness image
Source : Guardian [Read Article] Wednesday 1st of June 2016 06:20:41 PM
. George Osborne, the chancellor, and ministers from the UK’s extensive network of tax havens are among key witnesses that MEPs intend to call as part of a major inquiry set to be launched into the Panama Papers. ...
Revealed: 9% rise in London properties owned by offshore firms image
Source : Guardian [Read Article] Thursday 26th of May 2016 05:21:34 PM
....Forty thousand properties across London are owned by secretive offshore companies, an increase of 9% over the past 10 months, the Guardian can reveal. An analysis of Land Registry data shows that entire developments from the East End to Knightsbridge have been sold to anonymous owners shielded by companies in tax havens including Panama, Liechtenstein and the British Virgin Islands. ...
Mossack Fonseca still under investigation in British Virgin Islands image
Source : Guardian [Read Article] Tuesday 24th of May 2016 07:12:42 PM
....The outpost is not licensed to incorporate offshore companies in Jersey. It provides liaison between local customers and the Panama law firm, helping clients set up and manage screen companies in the BVI and other tax havens. ...
The London skyscraper that is a stark symbol of the housing crisis image
Source : Guardian [Read Article] Tuesday 24th of May 2016 02:16:30 PM
....A Russian billionaire whose business partner is a close ally of Vladimir Putin, the former chairman of a defunct Nigerian bank and a Kyrgyz vodka tycoon appear to be among more than 130 foreign buyers in Britain’s tallest residential skyscraper. Almost two-thirds of homes in the Tower, a 50-storey apartment complex in London, are in foreign ownership, with a quarter held through secretive offshore companies based in tax havens, a Guardian investigation has revealed. ...
Nearly 400 LSE-listed companies based in tax havens linked to UK image
Source : Guardian [Read Article] Thursday 12th of May 2016 02:34:05 PM
....Research shows that 389 companies trading their shares in London are registered in British overseas territories or crown protectorates. The findings illustrate the scale of the relationship between the City and offshore tax havens, which were in the spotlight at David Cameron’s anti-corruption conference in London on Thursday. ...
What are the top 10 most secretive tax havens? – video image
Source : Guardian [Read Article] Thursday 12th of May 2016 06:43:42 AM
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Related to :
Fantastically crony-capitalist: that’ll be Cameron-land | Simon Jenkins image
.... It is the worst country in Europe, and 14th worst in the world – worse than France, Germany, America and Japan. Nor does the index cover Britain’s role in oiling the wheels of crony-capitalism, through its supply of homes and tax havens to the global rich. ...

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