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How-to+1 +1
What Is A Pfic? Passive Foreign Investment Companies
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+14 +1
Tax evasion: blacklist of 21 countries with 'golden passport' schemes published
A blacklist of 21 countries whose so-called “golden passport” schemes threaten international efforts to combat tax evasion has been published by the west’s leading economic thinktank. Three European countries – Malta, Monaco and Cyprus – are among those nations flagged as operating high-risk schemes that sell either residency or citizenship in a report released on Tuesday by the Organisation for Economic Cooperation and Development.
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+4 +1
Panama Papers probe sees CRA raid locations in Toronto, Calgary and West Vancouver
Canada Revenue Agency officers, backed up by police, raided locations in three provinces Wednesday as part of a criminal tax-evasion probe stemming from the Panama Papers, the agency said. About 30 criminal investigators from the CRA executed three search warrants in the Toronto area, Calgary and West Vancouver, with assistance from the RCMP and the West Vancouver police, the CRA said in a statement online.
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+11 +1
Big Four accounting firms off scot-free in Paradise Papers "data breach"
Still barely a squeak from the Big Four accounting firms about the world’s biggest tax leak, the 13.4 million documents from the Paradise Papers. In a perusal of the websites of Deloitte, KPMG, EY and PwC – and their advocacy group Chartered Accountants Australia & New Zealand – we only managed to find one mention …
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+19 +1
Ten arrested over murder of Maltese journalist Daphne Caruana Galizia
Police in Malta have arrested 10 suspects over the murder of Daphne Caruana Galizia, the country’s prime minister has said, nearly two months after the anti-corruption journalist was killed by a powerful car bomb. Joseph Muscat told a press conference that eight people – all Maltese nationals, most with criminal records – had been detained in early-morning raids in three different parts of the island. He tweeted later that two more suspects were also in custody.
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+15 +1
Theresa May's husband has 'serious questions to answer' on tax avoidance
Labour has called for the prime minister's husband Philip May to answer "serious" questions about his role at a company linked to the Paradise Papers tax avoidance scandal. Leaked emails seen by Private Eye suggest that investment advisors Capital Group, where Mr May is a relationship manager, used offshore law firm Appleby to arrange investments in tax havens.
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+5 +1
Paradise Papers reveal the rise of a new class: The global oligarchy
In response to the recent leak of 13.4 million files from two offshore service providers earlier this week, which documents how the world’s wealthiest individuals and corporations avoid paying taxes on their fortunes, Sen. Bernie Sanders, I-Vt., warned that the world is quickly becoming an “international oligarchy.” “The major issue of our time is the rapid movement toward international oligarchy in which a handful of billionaires own and control a significant part of the global economy...
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+20 +1
Charles lobbied on policy after shares buy
Prince Charles campaigned to alter climate-change agreements without disclosing his private estate had an offshore financial interest in what he was promoting, BBC Panorama has found. The Paradise Papers show the Duchy of Cornwall in 2007 secretly bought shares worth $113,500 in a Bermuda company that would benefit from a rule change.
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+7 +1
Shakira transferred her musical rights to Malta, valued at $35 million
"The Maltese company Tournesol Limited fulfils all legal requirements to operate as such. All of the corresponding information relative to this entity is public and transparent." That was the firm reply of Ezequiel Camerini, one of the attorneys for the singer Shakira Isabel Mebarak Ripoll, partner of Barcelona soccer player Gerard Piqué, when asked about Malta Tournesol Limited. The company is run by the Colombian singer, who appears as a Bahamas tax resident, from the offshore Mediterranean island of Malta since 2007.
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+26 +1
All the Elite Hypocrisy Revealed by the Paradise Papers So Far
People who claim to want to eradicate poverty in "helping to perpetuate it" shocker.There are a number of reasons why you might want to put your money in an offshore fund, but chief among them has to be the offer of secrecy. After all, who wants other people getting all up in their financial affairs? It must be more than slightly annoying when the inner workings of the world's leading offshore law firms keep getting leaked to the world's media.
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+18 +1
Bernie Sanders warns of ‘international oligarchy’ after Paradise Papers leak
US senator warned that leak of documents exposing offshore tax havens show ‘rapid movement’ toward a group of billionaires controlling the global economy.
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+1 +1
Canadians in Paradise Papers will be investigated: Trudeau
Canadian Prime Minister Justin Trudeau has told parliament he is "committed to fighting tax evasion and tax avoidance."
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