Latest News for: Taxes offshore

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Wind winding down?

Hot Air 04 Feb 2023
The Germany-based company, which dubs itself as “the global leader in offshore power generation,” noted the wind industry has faced various unfavorable pressures leading to negative growth in recent months and years, in its earnings report for the first quarter of fiscal year 2023 released Thursday morning.
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High Crypto Taxes in India Remain Unchanged, Using Offshore to Avoid TDS Prohibited

CryptoPotato 03 Feb 2023
Months of lobbying by Indian and global crypto firms to see if the local tax laws will provide some leeway proved futile ... No relief in existing crypto taxes has been granted ... The penalty for failure to pay TDS by using non-compliant or offshore platforms is likely going to help Indian platforms that profess to abide by local laws and tax obligations.
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Cliff Taylor: Leprechaun economics lives on in our 12% economic growth rate

The Irish Times 03 Feb 2023
Ireland’s tax haven status and ... Influential author and Financial Times columnist Adam Tooze recently wrote that in a longer-term analysis of euro zone growth it was necessary to exclude the Irish figures as “they are spectacularly distorted by its role as an offshore tax haven”.
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OEUK comments on Shell profits announcement and calls for new windfall taxes

Oilfield Technology 03 Feb 2023
Offshore Energies UK says calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers ... .
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Adani rout erases half of group value since Hindenburg Report

Indian Express 03 Feb 2023
Hindenburg Research last week accused the Adani group of \u201cbrazen\u201d market manipulation and accounting fraud, claiming that a web of Adani-family controlled offshore shell entities in tax havens were used to facilitate corruption, money laundering and taxpayer theft.
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Adani stock nosedive costs $120bn, half of group's value since Hindenburg report

Hindustan Times 03 Feb 2023
Hindenburg Research last week accused the Adani group of “brazen” market manipulation and accounting fraud, claiming that a web of Adani-family controlled offshore shell entities in tax havens were used to facilitate corruption, money laundering and taxpayer theft.
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Adani Enterprises shares suspended as price slumps again

Urdu Point 03 Feb 2023
Trading in Adani Enterprises later resumed, only for them to immediately fall another five percent, triggering another halt ... Adani late Wednesday cancelled a $2 ... According to Hindenburg Research, Adani has artificially boosted the share prices of its units by funnelling money into the stocks through offshore tax havens ... ....
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Centre reviews Adani Group financial statements: Report

Indian Express 03 Feb 2023
Adani Group has denied allegations by US-based short-seller Hindenburg Research of improper use of offshore tax havens and stock manipulation, saying it has 'no basis' and is due to an ignorance of Indian law. The Indian conglomerate has also said it has always made necessary regulatory disclosures ... .
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Ministry of Corporate Affairs reviews Adani Group financial statements: Report

Live Mint 03 Feb 2023
... the years, two senior government officials told Reuters on Friday.Adani Group has denied allegations by U.S.-based short-seller Hindenburg Research of improper use of offshore tax havens and stock manipulation, saying it has 'no basis' and is due to an ignorance of Indian law.
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Adani stocks' market cap falls below ₹10 lakh crore as Hindenburg rout erases half of Group's value

Live Mint 03 Feb 2023
... offshore shell entities in tax havens were used to facilitate corruption, money laundering and taxpayer theft, which the Group termed as ‘baseless’.The Group had scrapped off its ₹20,000 crore follow-on public offer (FPO) on Wednesday, a day after it was fully subscribed.
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Adani Group value halved in rout over Hindenburg reportHindenburg Research questioned the Indian conglomerate's debt ...

Deccan Herald 03 Feb 2023
Hindenburg Research last week accused the Adani group of “brazen” market manipulation and accounting fraud, claiming that a web of Adani-family controlled offshore shell entities in tax havens were used to facilitate corruption, money laundering and taxpayer theft.
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Exclusive: Indian ministry reviews Adani Group financial statements -government sources

Reuters 03 Feb 2023
Adani Group has denied allegations by U.S.-based short-seller Hindenburg Research of improper use of offshore tax havens and stock manipulation, saying it has "no basis" and is due to an ignorance of Indian law. The Indian conglomerate has also said it has always made necessary regulatory disclosures ... Video ... View 2 more stories ... Read Next.
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Adani turmoil a key test for Modi's India Inc

Khaleejtimes 03 Feb 2023
The market rout suffered by Indian tycoon Gautam Adani is the latest corporate scandal to plague one of the world's largest economies despite Prime Minister Narendra Modi's efforts to root out corruption ... Adani has denied the explosive claims, which accuse the companies of inflating stock prices using offshore tax havens ... - AFP.
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India's Adani denies rise due to Modi as shares slump again

Urdu Point 03 Feb 2023
Critics say Adani's close relationship with Modi, who is also from Gujarat state, has helped him win business and avoid proper oversight ... According to Hindenburg Research, Adani has artificially boosted the share prices of its units by funnelling money into the stocks through offshore tax havens ... ....
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Adani turmoil a key test for Modi’s India Inc

Dawn 03 Feb 2023
The market rout suffered by Indian tycoon Gautam Adani is the latest corporate scandal to plague one of the world’s largest economies despite Prime Minister Narendra Modi’s efforts to root out corruption ... Adani has denied the explosive claims, which accuse the companies of inflating stock prices using offshore tax havens ... Good times king ... .

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