Latest News for: Taxes offshore

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As newborn insurance measure dies, lawmaker charges retribution

Ctpost 18 Jun 2021
The measure was removed, Lesser said, because he attacked a House proposal that would have provided a tax break for businesses that used offshore captive insurance companies ... .
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Where the world's richest park their money

The Times of India 17 Jun 2021
Private offshore wealth - or cross-border wealth - also accumulated in tax-friendly entities like the UK's Channel Islands and Isle of Man as well as the United Arab Emirates and Luxembourg.
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Editorial: Every nation benefits from a global corporate tax

Times Union 17 Jun 2021
The minimum tax is one of the two pillars of the plan ... But the concept is the right one, since asserting a post office box in Switzerland or some tropical offshore haunt as the legal home base to dodge taxes is terribly unfair to those who pay their share without such maneuvers.
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Hope Lanka remains 'mindful' of maritime security: India

Beijing News 17 Jun 2021
Amid criticism from opposition parties, Sri Lanka unveiled a contentious draft law for a Colombo Port City Commission which allows for sweeping tax breaks, tax-free salaries and be an offshore financial centre ... This comes at a time when Sri Lanka's tax revenues have plunged in ...
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AJK assembly prorogued without presentation of budget

Dawn 17 Jun 2021
However, he added, an “anomaly” had been observed in the federal budget wherein the withholding tax on value of offshore supply contract of the IPPs located wholly or partially in the AJK territory had been fixed at 1% as against 1.4c in Pakistan.
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India hopes Sri Lanka remains 'mindful' of maritime security, as Colombo okays Beijing-backed port city project

Yahoo Daily News 17 Jun 2021
Amid criticism from opposition parties, Sri Lanka unveiled a contentious draft law for a Colombo Port City Commission which allows for sweeping tax breaks, tax-free salaries and be an offshore financial centre ... This comes at a time when Sri Lanka's tax revenues have plunged in ...
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Global Tax Deal Holdouts Face Squeeze Under Biden Plan

Wall Street Journal 16 Jun 2021
... can use low tax rates to attract businesses ... impose a minimum tax or watch the U.S. tax your companies and take your revenue ... changed its tax laws in 2010 to prod foreign banks into identifying Americans’ offshore accounts to the Internal Revenue Service.
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Global tax deal holdouts face squeeze under Biden administration plan

Live Mint 16 Jun 2021
Some countries might try to stay outside the emerging agreement to impose a global minimum tax on corporations so those nations can use low tax rates to attract businesses ... impose a minimum tax or watch the U.S ... changed its tax laws in 2010 to prod foreign banks into identifying Americans’ offshore accounts to the Internal Revenue Service.
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Wealth secret of the super rich revealed: be born into a rich family

Yahoo Daily News 16 Jun 2021
Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed ... Another habit is fighting tax increases for the wealthy ... But even with the proposals, more must be done, said Collins, to stamp out tax loopholes, offshore tax havens and certain types of trusts that allow families to hide their wealth.
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Wealth hoarding by 'silver spoon oligarchs' is endangering US democracy: report

Raw Story 16 Jun 2021
"In a healthy democratic society with a functioning tax system, wealth disperses over decades as people have children, pay their taxes, and give to charity," Collins added ... shuts down the tax loopholes, offshore tax havens, and dynasty trusts that enable the very wealthy to hide their wealth at a dizzying pace.".
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Registration Now Open for the "Asia SPAC Management Bootcamp"

The Oneida Daily Dispatch 16 Jun 2021
to 5 p.m. Hong Kong time (July 14th from 9 p.m ... Educational Panels ... These informational meetings will also provide management with an invaluable opportunity to meet with leading experts in securities law, audit, financial statement preparation, investor relations and capital markets consulting, offshore entities, tax strategy, and D&O insurance.
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How you are taxed on cryptocurrencies

Independent online (SA) 15 Jun 2021
With tax season opening next month for your 2020/21 tax return, you need to be prepared to declare your cryptocurrency transactions to Sars and to pay tax on them where applicable ... “Sars will apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income.
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How carbon-intensive industries can scale up carbon recycling

Phys Dot Org 15 Jun 2021
However, while solutions are emerging, more work is needed in order to roll them out at scale, experts say ... There are ways of achieving these goals, but we haven't been bold enough to do them." ... Capture and store ... Norway, for example, has been storing CO2 under the North Sea for decades—driven by a carbon tax policy on offshore oil and gas fields ... ....
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Editorial: Earth to corporations: The logic of a global corporate tax

The Mercury 14 Jun 2021
The minimum tax is one of the two pillars of the plan ... But the concept is the right one, since asserting a post office box in Switzerland or some tropical offshore haunt as the legal home-base to dodge taxes is terribly unfair to those who pay their share without such maneuvers.
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REUTERS: Cayman Islands could find a way around global tax reforms

Business Day 14 Jun 2021
The offshore tax haven is in theory swept up in global reforms that could put a blanket charge on companies, an effort by world leaders to reduce profit shifting and raise some revenue after a year of government stimulus ... There are also no capital gains taxes for individuals.
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