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The article focuses that ahead of Summit G7 finance ministers proposed the biggest reform of corporate tax backing a minimum global rate and a clampdown on companies that park profits in tax havens. It mentions about the take of the U.S. President Joe Biden in making reforms that encourage multinationals to funnel vast profits to tax havens.

The article discusses how the proposed international tax reform led by the U.S. will end the operation of tax havens worldwide as of June 2021. The proposal include establishing a minimum global tax rate and reallocating of taxing rights to countries where business transactions occurred rather than where multinational firms choose to book their profits. Also cited are some tax havens or zero-tax territories like Bermuda and the British Virgin Islands (BVI).

The article reports that the U.S. Congress edges closer to cracking down on anonymous shell companies. It mentions Tax Justice Network, a good-government group, ranks America as the second-worst performer on its annual financial-secrecy index-ahead of famous tax havens like Switzerland and Luxembourg. It also mentions shell games such as hide not only the penthouses of kleptocrats, but the financial networks for traffickers of arms, drugs and humans.

The article informs that after falling for decades, taxes on companies are rising again. It mentions recognising that taxing profits in different places can hurt trade and growth, rights to tax were allocated first where profits are generated and only second where a company sites its headquarters. It also informs on corporate-tax rates, and tax havens.

The article comments on the conflicting trade policies of the administration of U.S. President Donald Trump in 2019. Trump has imposed new tariffs on Brazilian and Argentine steel and aluminum and two sets of tariffs on European products. The president has signed the Agreement between the United States of America, the United Mexican States, and Canada amid the trade war with China.

The article informs that International Consortium of Investigative Journalists have released "Pandora Papers" charging prime minister of the Czech Republic, Andrej Babis of transferring through shell companies in the British Virgin Islands, a tax haven, in order to buy a villa near Cannes.

The author reflects on taxation issues involving multinational companies in Western countries as of May 2021. Topics include the efforts by U.S. President Joe Biden to increase the taxes of multinational firms, the move by the said companies to set offices in tax havens to avoid paying taxes, and other topics like taxing rights and transfer pricing.

The article considers the Swiss banking industry and its role in Switzerland serving as a tax haven. Criminal investigations of Swiss banks by the U.S. for their role in assisting U.S. tax evasion and efforts by other European countries to force Switzerland to alter its banking laws are discussed. Competition for Swiss banking's position in international finance from the banking industries in other jurisdictions such as Singapore and Hong Kong is examined. INSET: Who's the criminal.

The article considers tax havens, countries or other political entities such as U.S. states where foreign citizens or corporations can use to avoid or evade taxes. Efforts by developed countries to limit the use of tax havens and their continued role in international finance are discussed. The use of tax havens for criminal activities such as outright tax evasion or money laundering is discussed. INSETS: A rough guide to offshore;Enduring charms.

The article focuses on the prospect of having a global framework for taxing international companies approved by 2020. Topics covered include the tax reforms led by the Organisation for Economic Cooperation and Development, and the possibility that the U.S., the European Union (EU) and others will struggle to agree on what constitutes a fair minimum tax rate.

Discusses tax havens and tax competition between countries. Example of Bermuda and the tax shelter that it presents to corporations; Difficulty of taxing global corporations that work in regions using the Internet; International efforts to crack down on harmful tax competition, including policies used by Ireland to attract multi-national corporations; European Union countries' policy on tax exemption.

A letter to the editor is presented in response to the article "The lesson of the Panama papers" in the April 9, 2016 issue.

The article discusses the consequences of the Panama Papers leak of information from Panamanian law firm Mossack Fonseca regarding the stashing of foreign assets in offshore tax havens by members of the global elite. A plan to require increased transparency of corporations registered in the British Virgin Islands in the form of a public register of company ownership is discussed along with the formation of British and American shell companies by bad actors.

Public opinion of British prime minister David Cameron is discussed in light of the Panama Papers leak of information regarding the investment and holding of assets in offshore tax havens by Cameron, his father's Blairmore trust, and other politicians and officials. Criticism of the publication of tax returns by Cameron, Leader of the Opposition Jeremy Corbyn, and mayor of London Boris Johnson is offered and inequality in British society is described.

The article focuses on several issues concerning financial transparency, particularly about offshore tax evasion facing the U.S. It discusses the Foreign Account Tax Compliance Act's Common Reporting Standard as well as issues concerning tax reforms and foreign banks losing business to the country.

The author comments on the tax rules for multinational corporations, highlighting the British government's deal with technology company Google Inc. in which Google will pay back taxes for a ten-year period. Topics include the efforts to crackdown corporate tax avoidance, the move of multinationals to move their intellectual property (IP) to the subsidiaries in tax havens to avoid taxes and the anti-avoidance measures proposed by the OECD countries.

The article reports on the Chinese government investigation on tax compliance in the entertainment industry. Topics discussed include the allegation of tax evasions against actress Fan Bingbing, the illegal payments prevalent in the film business involving reporting a low salary for taxation and hiding a larger amount, a corporate tax relief for companies that register in Khorgos, a desert outpost in China and the popularity of Tibet for registering funds due to tax discounts.

The article discusses tax laws and regulations in relation to multinational firms as of October 2015. The Base Erosion and Profit Shifting (BEPS) proposals by the multinational group Organisation for Economic Cooperation and Development (OECD) for ending tax avoidance are addressed. Purported U.S. interference with the proposals is noted, along with possible changes to European corporate tax laws and the lack of attention to developing countries in the BEPS process.

The article focuses on a list of accused tax havens according to the European Union (EU) which was posted in 2015 and criticism of the list. It states the EU blacklist includes any nation which was blacklisted by at least 10 EU countries even if there is no evidence the state is a tax haven. It mentions the Pacific microstates Nauru and Niue are included despite having shut down shell banks over 10 years ago. It talks about the European Commission's response to criticism of the EU blacklist.

The article reports on a study which found that tax havens hoard wealth equivalent to about 10% of global gross domestic product (GDP) based on banking statistics from the Bank for International Settlements (BIS). Topics covered include the role of political and economic instability and an abundance of natural resources in the decision to hold assets offshore, wealth inequality in tax havens, and the need to impose stiffer penalties for institutions that facilitate tax evasion.

The article focuses on the legal structure variable interest entities (VIES) which is used by the technology firms of China. It discusses how private firms create holdings as tax havens even as it results in the firms not getting allowed from having assets in government related sectors. It also talks about how China should slacken its foreign ownership rules and contain VIES.

The article focuses on the Irish government's plans to close a tax loophole known as the 'Double Irish,' which allows corporations to transfer profits to tax havens. Topics include the taxation of companies domiciled in Ireland, international tax laws prohibiting tax avoidance, and how the taxation will impact businesses in the country.

The article discusses the business strategy of Italian automobile manufacturer Fiat to offshore its corporate operations and speculates on the fitness of various countries as corporate legal and operational headquarters. Topics include consideration of international corporate tax policies and corporate tax rates.

The article discusses the effect of the 2013 capital controls and bank bailouts in Cyprus on offshore financial centres (OFCs) and tax havens such as Bermuda, Malta, and Switzerland. Cyprus' economic relations with Russia, the taxation of holding companies in the European Union (EU), and Greek companies' use of OFCs are discussed, as well as anti-money-laundering (AML) laws.

The author offers forecasting on the role of offshore financial centers (OFC), or tax havens, in international finance and economic relations. It is predicted that tax havens will continue to exist despite international efforts to prevent their use through changes in taxation and corporation law as it is extremely unlikely that those efforts will ever result in the standardization of finance laws needed for them to be successful.

The article considers the use of developed countries such as the U.S., Great Britain and Australia as tax havens by foreign corporations and financiers. The use of banks in Florida as a means of tax evasion by Latin Americans is discussed. Delaware is cited as an example of how shell corporations in developed countries are used for criminal purposes by foreign investors due to the state's lax corporation laws. Corrupt use of limited liability partnerships in Great Britain is examined.

The article discusses the role of offshore financial centers (OFC), countries or other political entities which serve as tax havens, in international finance and economic relations. Legitimate benefits for corporations which register in tax havens such as the Cayman Islands or British Virgin Islands (BVI) are considered including tax benefits for international joint ventures and commercial law and justice administration more predictable then in developing countries.

The article focuses on banking secrecy in Switzerland in 2012. Information is provided on how several countries have begun to pursue tax evaders and how it will affect the Swiss banking industry, which is known as the world's largest tax haven due to laws against revealing banking clients' identities. It is noted that New York issued an indictment against the Swiss bank Wegelin for helping U.S. citizens evade taxes.

The article examines international efforts to prevent tax evasion, particularly those efforts aimed as countries known as so-called tax havens. Research indicating that the detrimental economic impact of tax evasion related to tax havens is significant, especially for developing countries, is considered. The possible effects on the finances of companies which shelter income in tax havens of legislation of international standards for tax evasion law are discussed.

The article discusses diplomatic and sovereignty oddities in Europe. Topics include the survival of small nations and micro-territories in Europe, the creation of tax havens in such small political entities, and efforts to market tourism in micro-territories. The work of the Council of Europe watchdog group Moneyval in preventing money laundering is noted.

The article discusses the responses to the release of the Panama papers, which contained information on political leaders' tax havens, arguing that tax information of politicians should remain private. An overview of the policy of transparency for tax information of Scandinavian politicians is provided.

The article focuses on issues concerning tax evasion in Panama, highlighting the nationalisation of money-laundering in the country under Manuel Noriega, a military strongman. It offers information about the Central American microstate as well as the global tax-transparency plans known as the Common Reporting Standard (CRS). Other information such as Panama's fondness for anonymous bearer-share firms is presented.

This article discusses reforms to the corporate tax rates of countries including Ireland, Germany, and Canada. Limitations on cuts in corporate taxes caused by budget deficits resulting from the recession and the foreign policy risks of tax havens are noted. Reforms proposed by the administration of U.S. President Barack Obama to loopholes in the taxation of international corporate revenues and liabilities are noted.

The article discusses a ruling of the Organisation for Economic Co-operation and Development (OECD) on the tax status of the Cayman Islands. According to the article, the OECD has placed the Cayman Islands on a list of non-cooperative tax havens. Details are also provided about budget proposals of U.S. President Barack Obama which will eliminate U.S. corporate tax loopholes allowing companies to utilize offshore subsidiaries to avoid taxes.

The article examines tax laws and tax policies affecting rich people. The U.S. and European Union (EU) are leading an effort to eliminate tax havens, foreign countries where bank secrecy laws assist rich people in tax avoidance and evasion. Taxation rates on rich people have decreased in most countries since the 1970s. This trend is likely to be reversed as governments cope with large budget deficits caused by the global recession.

The article reports on a large tax-evasion case in Germany, which netted, among others, Klaus Zumwinkel, head of the company Deutsche Post. He and hundreds of others are being investigated for alleged fraudulent financial dealings involving the principality of Liechtenstein, a notorious tax haven. The case is seen as a test of the German judicial system.

The article reports on the expansion of the state of San Marino as a an offshore tax haven and financial center. The piece records San Marino's once sluggish public and private finances, but notes its improved financial performance since a banking system overhaul in 2005. The need for the republic to have good financial relations with Italy is discussed.

The article discusses the problem of tax haven jurisdictions that allow for illegal or unfair financial practices. It examines the efforts of the Organisation for Economic Co-operation and Development and the Financial Action Task Force to police tax havens and offshore investing areas. The article explores issues of national taxation of multinational corporations.

The article examines tax havens and their role in promoting competition in the reduction of taxes among nations. The negative results of excessive competition on taxes is assessed, noting that developing nations are less likely to weather lowered taxes than developed ones. Tax havens can have a negative impact on the corporate governance of organizations that use them.

The article states that the majority of the $6 trillion money in offshore tax havens is there to avoid the paying of taxes. The article examines the use of a number of instruments that can be used in offshore situations to avoid taxes, such as trusts, tax caps and tax exile. The activity of the Internal Revenue Service is combatting offshore tax cheats is discussed.

The article examines ways in which multinational corporations can reduce their taxation burdens through the use of the offshore financial centers or tax havens. Provided are details on reducing taxes by a number of methods including moving manufacturing sites offshore, the establishment of a company in a tax haven to utilize favorable tax rates, establishing organizations in tax neutral locations and offshore profit shifting.

The article reports on British tax law cases. The European Court of Justice (ECJ) looked at whether Britain could tax profits that Cadbury Schweppes had earned in two Irish subsidiaries. On May 2, 2006, the ECJ issued a non-binding opinion stating that companies could establish subsidiaries in lower tax jurisdictions. Another case ruled against individuals who held money in offshore accounts run by Barclay's bank; the court ruled that Barclay's had to release information to tax agents.

Focuses on the measures taken by some of the world's tax havens. How Bermuda, the Cayman Islands, Cyprus, Malta, Mauritius and San Marino informed the Organisation for Economic Co-operation and Development (OCED) that they were committed to eliminating 'harmful tax pracitices' by 2005; Explanation of OCED's definition of a tax haven.

The article looks at bank and corporate financial secrecy and tax havens, discussing a report from the nonprofit group Tax Justice Network which rates numerous countries on their banking industries' financial transparency level and reporting that the U.S. has a relatively high level of financial secrecy.

The article discusses purported foreign direct investment in European corporate tax havens including Luxembourg, Ireland, and the Netherlands. Topics include proposed tax reforms in Luxembourg, changes to business residency requirements in the Netherlands and Ireland, and the attraction of headquarters for multinational businesses to Great Britain through low corporate taxes.

The article looks at fraud investigations being conducted by the Cayman Islands, Guernsey, Mauritius, Great Britain, and South Africa of hedge fund management firm Belvedere Management and/or financial services firm Capital World Markets (CWM). Topics include suggestions that Belvedere may be operating a Ponzi scheme and concerns about the conduct of accounting firms hired by financial firms operating in offshore tax havens.

The article discusses a May 2014 agreement by 47 countries on international sharing of tax information aimed at cracking down on overseas tax evasion. Topics include the origins of the deal in the U.S. Foreign Account Tax Compliance Act (FATCA) of 2010, support for the agreement from the Group of 20 countries and tax havens including Switzerland, and the challenges of the large amount of data involved.

The article considers efforts by Gambia to become an offshore financial center and tax haven by creating an online registry for corporations. The competition among smaller countries attempting similar policies is examined. The role of corporate-services companies which purchase such registrations for resale is discussed.

The article looks at taxation and banking law in Europe, as of 2013. It notes that European countries and the European Union (EU) are implementing tighter policies on bank secrecy and tax havens, citing pressure from the U.S. as one factor. It notes the desire of many countries to maintain sovereignty over taxation and discusses advantages and disadvantages of distinct national tax policies, including facilitating tax dodging by multinational corporations.