Latest News for: Taxes offshore


Businesses in Terrebonne and Lafourche face reality of no new federal offshore leases anytime soon

Daily Comet 19 Apr 2021
The Terrebonne Parish business, which employs about 2,300 people, holds a three-year contract to supply 144 workers across Royal Dutch Shell's offshore fleet ferrying crews to oil platforms on helicopters regularly ... If anything needs to be fabricated and go offshore, they want to be able to do it, no matter what type of energy services," he said.

Sri Lanka minister says land in China-backed Port City in Colombo belongs to govt

Yahoo Daily News 19 Apr 2021
... easy business rules as a permissive money laundering haven amid concerns of tax leaks. Sri Lanka has unveiled draft legislation for a Colombo Port City Commission which allows for sweeping tax breaks, tax-free salaries and to be an offshore financial centre, reported economynext.

Increasing corporate taxes

The Star Democrat 18 Apr 2021
The way many corporations lower their taxes isn’t by investing overseas and moving jobs offshore, it is by pretending to do so by setting up offices in low income countries and making it look like a significant part of their profits were made there ... Apple in past years “invested” heavily in Ireland to avoid taxes.

Letters to the Editor, Thursday, April 15, 2021

Hendersonville Times-News 18 Apr 2021
Don't rush sports betting bill. To the Editor ... It currently got referred to the Senate's rule committee ... Page 12 shows the "tax" section 18C-920 (a) as the tax at 8% (I still think too high, won't deter people already on offshore betting accounts, should be 5.75%) with half going to the State's fund to recruit "major sporting events." ... To the Editor.

Muscat remains silent on Keith Schembri arraignment

Independent Online 18 Apr 2021
Muscat’s former chief of staff was recently arraigned and charged with corruption and money laundering following the conclusion of two magisterial inquiries ... The court heard how the newspaper was defrauded out of some €6.5 million, and how Schembri’s Kasco Ltd bought the machine using offshore companies to avoid tax ... .

David Cameron is accused of 'deep hypocrisy' over his chairmanship of tech firm based in ...

The Daily Mail 17 Apr 2021
David Cameron is facing yet more scrutiny over his role at a software firm based in 'offshore tax haven', Bermuda ... Offshore bank accounts and other financial dealings in another country can be used to evade regulatory oversight or tax obligations.

Energy exploration

Dawn 17 Apr 2021
The E&P companies need to be encouraged by ensuring a helpful business environment and security, as well as through tax, price and policy incentives for enabling them to undertake high-risk onshore and offshore exploration activities and to exploit unconventional hydrocarbon resources.

Ex-PM adviser to firm based in ‘worst tax haven’

The Times/The Sunday Times 17 Apr 2021
... business based in Hamilton, Bermuda, which has implemented a structure that could allow profits to be transferred offshore to take advantage of lower tax rates.

SCIO briefing on the progress of Hainan Free Trade Port policies 17 Apr 2021
Third, we introduced policies that enable the tax preferential policies to be more efficient and targeted. We have formulated and implemented preferential policies including corporate income tax of 15 percent on encouraged industrial enterprises and personal income tax of 15 percent for eligible talents.

Yellen's idea of a global minimum tax rate is just a first step for a progressive agenda

The National 17 Apr 2021
Biden should avoid copying the Swiss wealth tax model ... In the eyes of history, Janet Yellen is set to be seen as a truly transformational figure if her proposal for a global minimum multinational tax rate gains acceptance ... While a global standard for corporate taxes may sound dry, it in fact represents a step change from capitalism as we know it.

Letter: Invest in infrastructure

Quad-City Times 17 Apr 2021
Our government has spent trillions of dollars over the last 40 years on defense. Our government has also accommodated the wealthiest people and corporations to the tune of trillions of dollars being hidden in offshore tax havens ... .

John FitzGerald: Corporation tax changes may pack more punch than Covid

The Irish Times 16 Apr 2021
When Ireland’s low corporation tax strategy was conceived in the 1950s, it was aimed at stimulating growth at the expense of tax revenue ... Our tax regime continues to attract adverse headlines ... While German and UK firms cannot move much of their profits offshore to reduce their tax liabilities, US companies have been able to do so for many years.

Biden White House’s secret weapon on infrastructure: small businesses

Metro USA 16 Apr 2021
“The Made in America tax plan will help level the playing field between small businesses and large multinational corporations, by ensuring that big corporations can’t escape or eliminate the taxes they owe by offshoring jobs and profits in the United States, and pay a ...

Biden's Country-by-Country Tax Canard

Wall Street Journal 16 Apr 2021
Nowhere is that clearer than its “country-by-country reporting” for taxing foreign earnings ... This is done largely via the global intangible low-tax income, or Gilti, regime that imposes an effective tax rate of at least 13.125% on overseas profits arising especially from intellectual property held by offshore subsidiaries.

Hainan to embrace brighter future thanks to favorable policies

People Daily 15 Apr 2021
According to Chinese vice finance minister, Zou Jiayi, residents in Hainan will be able to buy imported goods tariff free, and overseas exhibitors will enjoy tax exemption policies for offshore duty-free goods at the China International Consumer Products Expo scheduled to be hosted in Hainan from May 7 to 10 this year.