Latest News for: Taxes offshore


New Jersey and wind farm developer Orsted settle claims for $125M over scrapped offshore projects

Times Union 28 May 2024
(AP) — Danish wind farm developer Orsted will pay New Jersey $125 million to settle claims over the company's cancellation of two offshore wind farms last year — a little over a third of what the company once was required to pay.

Streamlined Foreign Offshore Procedure – For Accidental Americans And Expats

MENA FN 28 May 2024
(MENAFN - GetNews) The Streamlined Foreign Offshore Procedure, also known as the Streamlined Tax Amnesty program, is an initiative by the IRS designed to help US citizens living abroad, including ... .

The Guardian view on private equity and public services: this trend needs reversing

The Observer 27 May 2024
Typically, such owners maximise profits by using low-tax jurisdictions, loans, and sale-and-leaseback arrangements that split holding companies from property assets ... Offshore boots should never be filled at taxpayers’ expense.

As New York’s offshore wind work begins, an environmental justice community awaits the benefits

Grist 25 May 2024
The site will be home to one of the nation’s first ports dedicated to supporting the growing offshore wind industry ...New York can be the center of offshore wind in the whole country,” Schumer said.

Gatchalian files bill to eventually outlaw POGOs: 'It's a moral failing'

The Philadelphia Inquirer 24 May 2024
MANILA, PhilippinesSenator Sherwin Gatchalian has filed a bill seeking to repeal the law that amended the tax code.

Several states have increased online sports betting taxes; will Pa. legislators follow suit?

Penn Live 24 May 2024
New Hampshire also taxes its online sports wagers at the same rate ... Meanwhile, Iowa’s online sports wagering tax stands at mere 6.75% ... Sportsbook operators say higher state taxes encourage a robust domestic and offshore black market for wagering.

Ramón Fonseca obituary, lawyer at the centre of Panama papers scandal

The Times/The Sunday Times 23 May 2024
Fonseca co-founded and ran a Panamanian law firm which set up offshore shell companies for the world’s rich and powerful, promising its clients absolute confidentiality ... Offshore tax havens must be forced to open public registers.

Lars Peder Solstad sells $9m chunk of Solstad Offshore stock to pay tax bill

Tradewinds 23 May 2024
... has offloaded a chunk of stock to settle a tax bill.

Super-rich banker who gave his wife £80m to get round inheritance tax then saw their ...

The Daily Mail 23 May 2024
... assets to his then-wife after HMRC announced changes to the tax regime in 2016, with a plan being put in place for them to eventually be placed in an offshore trust for the benefit of their children.

TV meteorologist attacks DeSantis over Florida’s ‘don’t say climate change’ law

AOL 21 May 2024
Radical green zealots want to impose their climate agenda on people through restrictions, regulations and taxes,” a notice posted by DeSantis said. In addition to prohibiting windfarms offshore and ...

How B.C. is using 'unexplained wealth orders' to pierce the secrets of suspected money launderers

Canoe 21 May 2024
Hilton is a company in the Marshall Islands, a tiny island in the Pacific Ocean, 4,300 kilometres northeast of Australia, known as an offshore banking haven ... and B.C., money laundering and tax evasion ... The Caymans are another known offshore tax haven.

‘Can I travel out of the UAE without an Emirates ID?’

The National 19 May 2024
There is no legal issue in maintaining an offshore bank account when you are a UK resident for tax purposes, provided the appropriate declarations are made ... If you transfer any interest earned offshore ...

Inside Donald Trump’s billion-dollar Big Oil heist

Raw Story 19 May 2024
... be advantageous for Big Oil, he promised, because the value of the tax and regulation cuts he’d give them in return would far exceed that amount, including new offshore drilling and speedier permits.

Azerbaijanian government’s huge corruption centering sale of electricity exposed

Blitz 18 May 2024
Noghaideli rejected the idea that the move offshore had been done for secrecy, explaining that he had recommended the change of jurisdiction to save on taxes ... It will be more tax efficient”.

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Creative Commons / DFID - UK Department for International Development-CC BY-SA 2.0
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AP / Mary Altaffer, File
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European Community / Jennifer Jacquemart
FILE- Russian President Vladimir Putin, left, gestures while speaking to Chinese President Xi Jinping during the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, Sept. 16, 2022. Putin will this week participate in his first multilateral summit since an armed rebellion rattled Russia. Analysts say his participation at a virtual summit of the Shanghai Cooperation Organization on Tuesday is an opportunity to show he is in control after a short-lived insurrection by Wagner mercenary chief Yevgeny Prigozhin. .
AP / Sergei Bobylev, Sputnik, Kremlin Pool Photo via AP, File