Latest News for: Taxes offshore

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Super-rich may quit UK over Labour plans for inheritance taxes on trusts

CyprusMail 15 Jun 2024
Private banks and advisers to Britain’s super-rich say some clients may quit the country if Labour wins next month’s general election and pushes ahead with plans to abolish tax protections on offshore wealth they wanted to pass to future generations.
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UAE Corporate Tax: New businesses must stick to 3-month deadline for registration

Gulf News 14 Jun 2024
“It has been made very clear (by the UAE tax authorities) that all businesses regardless of whether they have a mainland, free zone or offshore license are required to register for corporate tax,” ...
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Green jobs boost under wind turbine factory plans in freeport

The Times/The Sunday Times 13 Jun 2024
Businesses moving into the freeport can benefit from tax incentives, providing they meet certain criteria. The facility would be for producing offshore blades, which are 115 metres in length and made from fibreglass and resin.
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CoinDCX and KoinBX Optimistic Despite India’s Strict Crypto Taxes

Coin Edition 13 Jun 2024
High taxes drive Indian crypto users to offshore exchanges ... from the country’s crypto community, given her previous stance on digital assets and the government’s stringent tax policies.
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US Lawmaker Brad Sherman Pushes Crypto Amendment In NDAA Bill

CoinGape 13 Jun 2024
Brad went on with his amendment addressing reports of large offshore cryptocurrency transactions ... This measure is designed to enhance transparency and prevent the use of offshore accounts to evade taxes or launder money through cryptocurrencies.
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What the Tory and Labour election manifestos mean for your money

AOL 13 Jun 2024
By contrast, Labour plans to raise tax for very specific wealthy groups — namely non-doms, those using offshore trusts to avoid inheritance tax, private equity managers, non-UK residents buying ...
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DC dispatch: senators and witnesses quarrel over tax reform in Budget Committee hearing – does ...

Jurist 13 Jun 2024
She continued by disparaging provisions in the Tax Cuts and Jobs Act that were ineffective in preventing offshore tax avoidance, while praising the 2022 Inflation Reduction Act for taking steps to reduce such tax avoidance.
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Swinney

The Daily Mail 12 Jun 2024
Mr Swinney also sought to defend the SNP’s tax rises, claiming that teachers and police officers only pay a ‘very limited’ amount more tax in Scotland and then went on to state that he wants the rest of the UK to pay more too.
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Pampanga police chief sacked over Porac Pogo raid

Sun Star 12 Jun 2024
Hontiveros said she would file a bill that will seek to repeal Republic Act 11590 or the Pogo tax law, a measure signed by former President Rodrigo Duterte that imposes more taxes on offshore gaming companies in the country.
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Income Tax Filing: 10 necessary guidelines that you must be aware of

Live Mint 12 Jun 2024
In recent years, the government has taken steps to simplify the tax filing process for taxpayers ... To confirm information about offshore investments, the Income Tax Department is increasing transparency and sending notices.
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FEATURE: Offshore banking; a haven for corrupt politicians

B & FT Online 11 Jun 2024
One of the primary motivations for going offshore is the potential for legal tax reduction. Many offshore jurisdictions offer favourable tax regimes that significantly lower the tax burden compared to the politician’s home country.
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Feds said drug money fueled Miami firm’s real estate buying spree, but nobody was charged

The Spokesman-Review 10 Jun 2024
... in registering an offshore company called Halfmune Holdings in the British Virgin Islands ... There is nothing illegal about operating offshore companies, which can maximize wealth and minimize taxes.
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Notes from Central Taiwan: The once and future king of Hualien

Taipei Times 09 Jun 2024
One way is to simply recycle money through shell firms in offshore tax havens.

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