Tax Havens' Days Are Numbered

The era of banking secrecy may be coming to an end.

Sections:  news   u.s.   business   
Topics:  offshore tax haven   tax fraud   tax haven   taxes   
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • On Marijuana Tax, Colorado Asks: What’s Too High?
    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
  • Where do more tax cheats live? South and West, IRS study shows
    Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
  • Obamas paid $112,000 in taxes in 2012
    President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
  • Biden’s plans for a global corporate tax rate could make the world a fairer place
    The proportion of gross profits they shift into tax havens has soared from 5-10% in the 1990s to between ... The $48.5m take for the first five days in the US, with only about half of screens open, ...
    04/10/2021 - 6:00 pm | View Link
  • ‘Where does one find a 4% conservative rate of return?’ Plus, the best ETFs for Canadian dividends as payouts return to pre-pandemic levels
    The suggestions outlined by a financial planner used a conservative rate of return of 4 per cent. “My question is where on earth does one invest to obtain a 4 per cent ‘conservative’ return without ...
    04/9/2021 - 4:00 am | View Link
  • How India's new tax laws could affect NRI investors
    Entrepreneurs who use tax havens such as the UAE to dodge taxation ... as staying in India beyond the stipulated 120 days also means they control their enterprises in the UAE.
    04/8/2021 - 6:30 am | View Link
  • A grand bargain: how the radical US corporate tax plan would work
    For decades the international corporate tax system has irritated almost everyone — apart from shareholders of the world’s largest multinationals and countries with low tax rates. As companies’ share ...
    04/8/2021 - 3:23 am | View Link
  • Amazon Backs Joe Biden On Tax Hike, Infrastructure Plan
    Chief executive Jeff Bezos made the comment in a statement days after Biden singled out the ... and cracking down on the use of tax havens. Last month, Biden cited a 2019 study showing 91 Fortune ...
    04/6/2021 - 10:35 am | View Link
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