Search

In "The Hidden Globe: How Wealth Hacks the World," journalist Atossa Araxia Abrahamian explores the concept of offshore jurisdictions, legal black holes, and free zones that she argues enable tax evasion and the circumvention of laws by the global elite. Abrahamian examines the history of tax havens and freeports, as well as newer forms of liminal spaces such as cruise ships and outer space. She profiles individuals involved in these systems, offering a nuanced perspective that acknowledges both the positive and negative aspects of these zones. Overall, the book provides a revealing and thought-provoking analysis of how wealth influences the world. [Extracted from the article]

The article focuses on the prospects and growth of construction industry of the U.S. Topics discussed include business competition of Chinese firms; views of Michael Haber, managing partner of W&W Glass on the efforts of European companies to increase market share for their products; and the need of foreign tax havens for expanding the business. INSETS: Earthworks: Reflections of a Guitar.;Concrete: Gate Precast Breaks the Mold.;Modular Construction: M.C. Dean Delivers a Pod..

The article reports that the U.S. President Joe Biden announced infrastructure plan that spend several billion on roads, bridges, public transit in service of improving air quality, reducing congestion and limiting greenhouse gas emissions. Topics include considered that they invest several billion to modernize existing transit and help agencies expand their systems to meet demand.

Focuses on the tax shelter controversy involving lawyer Paul Daugerdas. Agreement in 1997 between Daugerdas and James Haber, president of Diversified Group Inc. (DGI); Lawsuit filed by DGI; Impact of the tax shelter created by Daugerdas.

The article offers information on the panel discussion on the international pressure of tax havens with highest standards of the low corporate tax in Cyprus which features legal profesdsionals such as Pavios Aristodemou and Elias Neocleous. Topics discussed include increasing scrutiny of companies' and individuals' financial arrangements, competitive tax and business environment aimed at attracting investment from overseas and reliability of investors can predict the tax implications.

The article reports that worldwide financial crisis demands again the expanded crackdowns on Europe's tax haven. It states that countries like Monaco, Switzerland and Luxembourg hardly impose corporate or capital gains taxes. These countries are said to have been accused of allowing tax evasion because of their strict banking secrecy traditions and noncooperation with international tax agencies. As stated, these practices are expected to be seriously reconsidered, given the calls for more regulation and transparency in the banking sector of Europe.

Reports on the arrest of two alleged promoters of illegal tax schemes at Sydney and Melbourne airports by tax and law-enforcement officers. Seizure of their Australian client lists; Details about the police investigation of the two promoters and their tax evasion schemes; Tax havens involved in the schemes; Laws and problems in taxation in the country. INSET: A TIMELINE TO SUCCESS..

An introduction is presented in which the editor discusses various reports within the issue on topics including Gibraltar's reputation as an offshore tax haven and the conviction of Marrache & Co. partners and brothers Solomon, Isaac, and Benjamin Marrache for fraud.

The article discusses the offshore financial services and legal industries in the Cayman Islands as of 2014, focusing on the reported impact of a financial crisis on the Cayman Islands, as well as information about solo legal practitioners and the Cayman Islands' alleged role as a tax haven. According to the article, several onshore law firms such as Ireland's Dillon Eustace and America's Kobre & Kim have opened offices in the Cayman Islands. Exempted limited partnerships (ELPs) are examined.

The article focuses on the economic conditions and challenges facing Gibraltar. Topics discussed include the country's growth, allegations of it being a tax haven, and opportunities for legal services. Dispute between Spain and Gibraltar over the latter's alleged dumping of concrete in disputed fishing areas and investigation of property owned by Gibraltarians in Spain are also discussed.

The article focuses on the investment potential of Luxembourg as a leading international financial center. Topics include the stability of the political system of Luxembourg, the strong economy, and its reputation as being a tax haven for foreign investors. Information is provided on the skilled workforce and its strategic location within Europe.

The article reflects on the move of Bermuda Islands to remove itself from the grey list of the Organisation for Economic Cooperation and Development (OECD) in April 2009. It states that the country, together with other nations under the grey list of the OECD, entered the Tax Information Exchange Agreements (TIEAs) to conform with the requirements. It also notes the actions made by the country's government to get rid of its marked as a tax haven nation which damaged its business reputation.

The article offers Australian economy news briefs. Treasurer Troy Buswell claims that a 3.5 percent growth of the state economy of West Australian government will be evident for the financial year 2010. National Australia Bank's survey shows the fastest rate of employment in industries. Australian Taxation Office made a crackdown on tax havens to financial institutions that are expected to effect a hundred thousands of people with overseas assets.

The article reports on the developments in Liechtenstein, a financial services provider which regulated in Europe. Being a small country, Liechtenstein has been building a reputation as financial centre since World War II and is attentive of the need to provide the highest standards of customer care. It notes that Liechtenstein was identified by the G20 conference as one of the tax haven states which implies that the state was associated to the terrible economic condition.

The article presents a perspective on the bill called Stop Tax Haven Abuse Act that was the focus on Barack Obama's speech in the U.S. The bill may gain unstoppable momentum under the presidency of Obama and that it is not only bullish in its aim, but also towards its prime target. In addition, it also combines extensions to time limits for investigations where offshore secrecy jurisdictions are involved with heavy evidential burdens of rebutting presumptions.

The article reports that the offshore financial centers (OFCs) are regularly subject to criticism from around the world of various reasons. It discusses the accusations that ranges from aiding money laundering to tax evasion. The U.S. is considered to be the most vociferous critic and the most capable of inflicting damage. It also discusses the Stop Tax Haven Abuse Act that contains numerous striking provisions aimed at achieving innovative ways to combat supposed offshore secrecy.

The article focuses on investment and tax law in the Channel Islands. Information is provided on how the European Union Savings Tax Directive requires tax reporting and transparency in all member countries. The Channel Islands allege that notorious tax havens such as Switzerland, Belgium, and Luxembourg do not comply with the directive and maintain that they will lose account holders and investors if they enact the Directive measures.

The article presents news concerning the publishing industry as of February 4, 2002. The periodical "The New York Times," has reported that among the tactics used by Enron Corp. executives to keep from paying federal taxes was a myriad of offshore tax havens. The April issue of the "Architectural Digest" will focus on New York City architectural designs.