Paradise Papers

European lawmakers have agreed to create a permanent subcommittee to investigate financial crimes, including money-laundering, tax avoidance and tax evasion. Co-ordinators in the Economic and Monetary Affairs committee on Monday adopted a Greens–European Free Alliance proposal to establish the new body. It is expected to be operational by the end of the year. “We were […]

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European lawmakers have agreed to create a permanent subcommittee to investigate financial crimes, including money-laundering, tax avoidance and tax evasion. Co-ordinators in the Economic and Monetary Affairs committee on Monday adopted a Greens–European Free Alliance proposal to establish the new body. It is expected to be operational by the end of the year. “We were […]

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By Matthew Dove There’s two things Manxes can’t stand; taxes and rats. Corporation rates are set at 0% and those pesky rodents are only ever referred to as longtails or “big fellas.” As TFT’s Matthew Dove set off for Douglas, he wondered if this fledgling tech hub was really just another glorified tax haven. What’s […]

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The years of austerity brought growing inequality, with the rich becoming richer and public services slashed. We saw a ruling class plagued by corruption scandals and captured by corporations. Rather than stopping the far right, the EU has engaged with it, gravely undermining the European project. That Europe is in crisis is in no doubt. […]

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TO charge or not to charge? That is the million-dollar question for news publishers as they continue to lose readers who used to pay to read news in print but now prefer to get it for free on online sites. Putting up a paywall is the preferred choice but with the commoditisation of news that […]

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This is important, because while the High Court’s decision clearly has an immediate impact on how the ATO approaches legal privilege, it could also have knock-on effect for the country’s legal industry in terms of cyber security and risk. Second commissioner Jeremy Hirschhorn said in response to the Court’s ruling that “taxpayers are only one […]

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Two Bombardier Challenger 650 business jets are being converted to an ISR (intelligence, surveillance, and targeting) configuration by a newly-formed company in the UAE. They will join the UAE Air Force, as will two Bombardier Global 6000s that have been undergoing a protracted conversion in the UK. The UAE AF has also ordered three Global […]

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In Short The Situation: In an era of sophisticated cyberattacks and data leaks, questions have been raised over whether the doctrine of legal professional privilege (“LPP”) should be extended to provide clients with a legal right to seek relief, such as an injunction, to prevent a party from using privileged material obtained in an unauthorized […]

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