Tax Evasion

It was only 19 months ago that the Panama Papers were released. Now, it’s the Paradise Papers that are filling the front pages of English and European newspapers. Back when the Panama Papers were released, I wrote that if David Cameron’s name hadn’t been in those documents, the news probably wouldn’t have had the same […]

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by Eamon Quinn The Revenue said it received information on €84m in offshore assets before a late spring deadline, and confirmed it will investigate the latest revelations made in the so-called Paradise Papers. The haul came as last year’s Finance Act imposed a deadline of May this year after which tax defaulters with undisclosed offshore […]

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Thanks to the Paradise Papers, and the earlier Panama Papers, the world of offshore tax havens is getting international attention. With leaked documents in hand, an international consortium of journalists is spilling the tax secrets of Prince Charles and Apple, among others. But research independent of the leaks is also shedding light on how companies […]

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“A term my friend came up with — we are political orphans. We have no leader, no direction, no ambition because of that,” says Alexander Hili, a student of European Studies. Hili fluctuates between strong motivation and growing frustration. He has joined numerous protests for the rule of law in Malta, but as another leak on […]

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EU tax commissioner Moscovici cannot succeed without “sincere cooperation” from member states (Photo: European Commission) The Paradise Papers “don’t add much” to the knowledge on tax evasion, tax avoidance, and money laundering, Petr Jezek, one of the co-rapporteurs of the so-called ‘Pana committee’ told EUobserver. Jezek, from the liberal Alde group, noted that while “the […]

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Around 60 cases against suspected tax evaders have been dropped by the district attorney’s office due to a break in case proceedings while waiting for a decision from the European Court of Human Rights. Kjarninn reported first. Many of the dropped cases are against individuals who appeared in the Panama Papers and a large part […]

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J.Scott Bronstein <!––> Make text smaller Make text larger Tax moves: Donald Trump is seeking to pass reforms to relax restrictions on Wall Street Related Stories In the wake of the Paradise Papers, I am sure there is no shortage of people on your island who have opinions on how your government and legal community […]

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Paris prefers the candidacy of Slovakia to that of Luxembourg, whose tax evasion record casts a shadow on its bid to lead the Eurogroup. EURACTIV France reports. While the bids for the presidency of the Eurogroup multiply, ahead of a change in January 2018, the candidacy of Luxembourg’s Finance Minister Pierre Gramegna has failed to […]

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Finance minister Magdalena Andersson said that she hopes this would put pressure on individuals with money in offshore tax havens. “In practice, this means that more people who are avoiding tax will be given a penalty,” Andersson told TT. People with undeclared assets abroad currently have the option of notifying Skatteverket of their assets without […]

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The Paradise Papers are the next instalment of the Panama Papers. The Panama Papers were a leak from Mossack Fonseca, an offshore service provider, surmounting to 300,000 shell companies for individuals from all over the world. these included the current Ukrainian President, the king of Saudi Arabia and the daughter of the former Chinese premier […]

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iStock The Paradise Papers reveal new accounts of offshore tax havens for the very wealthy that highlight the problem of wealth inequality. Offshore wealth is especially concentrated, Berkeley’s Gabriel Zucman tells Business Insider — 80% of it is owned by the top 0.1%. Offshore assets are hidden, so they make inequality look less severe than […]

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