Delaware, the City of London and Luxembourg have been rated among the most secretive tax havens in a report by campaigners for financial transparency. The Financial Secrecy Index, or FSI, was created to measure the secrecy of offshore financial centers by measuring how much privacy each jurisdiction offered and how willing they were to... »
DUTCH PAY INFORMANT FOR SECRET BANK RECORDS
The secret offshore account details of hundreds of dutch citizens have fallen into government hands, after authorities received a tip-off from an informant. The Dutch government say they will offer the informant compensation, in a situation that mirrors a similar 2008 when the German authorities paid for confidential bank account details from a Liechtenstein... »
US CONGRESS PRESENTS FURTHER MEASURES AGAINST TAX-DODGERS
Future measures against tax havens and offshore tax-dodgers were revealed Tuesday in US Congressional tax committees. A new bill has been dreamed up to stop US citizens from hiding their cash in secret bank accounts, and also hopes to raise USD8.5Bn over the next decade. The legislation follows attempts by US authorities to break... »
SINGAPORE TAKES STEP CLOSER TO ABOLISHING BANK SECRECY
Singapore moved a step close to opening up its famously strict bank secrecy laws when its parliament signed a bill Monday which allowing the island to adopt the OECD standard on tax information exchange. Earlier this year, Singapore was placed on a gray list by the OECD becaused it had not signed the required... »
BRITISH TAX HAVENS SET TO INTRODUCE CORPORATE TAX CHANGES
Changes in the tax code are underway in British crown dependencies Guernsey, Jersey and the Isle of Man. The island tax havens plan to change laws for insurers, captive insurers and reinsurers to make sure that they conform with EU standards, the Guernsey press agency Guernsey finance was reported as saying. http://www.businessinsurance.com/article/20091019/NEWS/910199996 »
CAYMAN ISLANDS SIGN TAX DEAL WITH FRANCE
A TIEA has been announced between France and the Cayman Islands, a move which the islands hope will attract an increase in French investment. The tax information exchange agreement, affirmed via correspondence earlier this month. http://www.reuters.com/article/ousivMolt/idUSTRE59D3ZL20091014 »