Latest News for: Taxes offshore

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Supreme Court takes up next week JI’s 2016 petition on Panama Papers

The News International 03 Jun 2023
They included businessmen and politicians from Pakistan, including the members of Premier Nawaz Sharif’s family accused of setting up offshore companies in the tax havens ... the name of any politician or businessman, alleged to be involved in establishing offshore companies.
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Another Look at the Financial Transactions Tax

Dissident Voice 03 Jun 2023
The problem, he argues, is that we are taxing the wrong things – income and physical sales ... We should tax payments instead of our income ... The financial transaction tax is not a new concept ... He argues that big firms, rather than moving offshore to avoid a payments tax, would move to the U.S., since the tax rate in other nations would be much higher.
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After seven-year hiatus, top court to take up JI plea on Panama Papers

The News International 02 Jun 2023
They included businessmen and politicians from Pakistan, including the members of former prime minister Nawaz Sharif’s family accused of setting up offshore companies in the tax havens ... of any politician or businessman, alleged to be involved in establishing offshore companies.
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Canada sees the rise of mall cities

North Shore News 02 Jun 2023
Gurstein, “but the pattern of the developer is to market offshore.” ... Governments across the country have responded to the impact of offshore buyers on the housing market with restrictions and taxes that target non-Canadian investors ... has imposed a tax on foreign buyers since 2016.
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Bangladeshis launder billions of dollars to the US, UK and EU nations

Blitz 02 Jun 2023
In Bangladesh it is around 80 thousand crores (according to the conversion rate of that year) ... In the 2022-2023 budget, Bangladesh government allowed those individuals who had laundered money to foreign countries in bringing it back by paying 7 percent Offshore Amnesty Tax, although until date, no one has availed this opportunity ... ....
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Letters to the Editor dated June 1, 2023

Business Line 01 Jun 2023
Offshore tax havens operate behind a veil of secrecy which makes SEBI’s task of ascertaining the shareholding pattern of corporates difficult ... by FIIs, which operate behind the anonymity it offers to hoodwink taxes.
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Another Look at the Financial Transactions Tax, by Ellen Brown

The Unz Review 01 Jun 2023
The problem, he argues, is that we are taxing the wrong things – income and physical sales ... We should tax payments instead of our income ... The financial transaction tax is not a new concept ... He argues that big firms, rather than moving offshore to avoid a payments tax, would move to the U.S., since the tax rate in other nations would be much higher.
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Ellen Brown: Another Look at the Financial Transactions Tax

Scheerpost 01 Jun 2023
The Europeans for financial reform, a coalition of progressive forces, support a Financial Transaction Tax of 0.05% ... We should tax payments instead of our income ... He argues that big firms, rather than moving offshore to avoid a payments tax, would move to the U.S., since the tax rate in other nations would be much higher ... could be taxed at a 5% rate.
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Van Drew explains "no" vote on debt ceiling deal

Atlantic City 01 Jun 2023
Michelle Brunetti Post. Download the App. U.S. Rep ... giving Congress the authority to vote on any agency ruling that would exceed spending $100 million in taxpayer dollars; and changes to the Inflation Reduction Act, "which included hundreds of billions of dollars in tax credits to 'green' energy industries like offshore wind.". REPORTER ... 609-841-2895 ... .
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What the expert committee downplayed in the Adani-Hindenburg case

Business Line 31 May 2023
Instances of round-tripping through the stock market and using related entities in offshore tax havens to manipulate stock prices in domestic markets are rampant in the Indian stock market and many large corporate houses including the ADAG group have been investigated and found guilty by the regulator on these counts ... ....
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Congress alleges 2 offshore Adani-linked funds appeared to be on I-T radarThe Congress has been ...

Deccan Herald 30 May 2023
The Congress on Tuesday alleged that two offshore Adani-linked funds appear to have been on the radar of Indian tax authorities since at least 2014 with no action evident other than one or two routine notices, as it reiterated that only a JPC can unearth the truth in the whole matter.
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'Was I-T department also forced to sleep on the job': Congress cites Express report on Adani, reiterates demand for JPC

Indian Express 30 May 2023
Citing a report in The Indian Express, Congress leader Jairam Ramesh Tuesday said that 'in a familiar pattern,' two offshore Adani-linked funds, which appear to have been on the radar of Indian tax authorities since at least 2014, had no action taken against them, other than routine notices for information.
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Two offshore funds in Hindenburg\u2019s Adani report were on I-T radar

Indian Express 30 May 2023
AT LEAST two Mauritius companies which invested in the Adani Group companies and found mention in the Hindenburg Group\u2019s Adani report were on the radar of Indian tax authorities for over a decade ... This notice was to share information, and for onward transmission to the Indian tax authorities under the Direct Tax Avoidance Agreement.
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A 2% tax on UK rich list families ‘could raise £22bn a year’

The Observer 29 May 2023
“Yet this elite group aren’t taxed as much as those of us who earn our living, leaving us with less money to invest in hospitals, schools and parks ... “However, it should be noted that some on the list with ‘non-domicile’ status or who are fully based offshore for tax purposes may not be paying UK tax on all earnings.”.
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DOMINIC LAWSON: Lower tax revenue and Higher carbon emissions... What Starmer’s financially illiterate plan to ...

The Daily Mail 29 May 2023
Our public services are heavily reliant on taxes levied on those producing oil and gas in British waters ... Having taken up Labour’s idea of an oil and gas windfall levy, the Conservatives are now imposing a tax rate of 75 per cent on the industry. The trade lobby group, Offshore ...

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FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021.
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