- published: 05 Dec 2008
- views: 757
http://www.thepanamalawyer.com Detailed explanation of who has already moved to Offshore Business Model.What are the benefits of an Off shore company in Panama and why consider Panama as one of the Worlds best Tax Havens
I try to explain how offshore tax havens are used to minimise the amount of taxes a corporation pays.
Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps. Click here for the full story: http://www.cbc.ca/1.3234876 »»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1 Voice Your Opinion & Connect With Us Online: The National Updates on Facebook: https://www.facebook.com/thenational The National Updates on Twitter: https://twitter.com/CBCTheNational The National Updates on Google+: https://plus.google.com/+CBCTheNational »»» »»» »»» »»» »»» The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leadin...
"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records. The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit."* Google has employed some pretty impressive tricks in avoiding paying their taxes, keeping $2 billion they should have paid in taxes worldwide. But don't worry, someone else will pay the bill. Us. Will the U.S. government crack down on Google? Cenk Uygur knows the answer. *Read more from Michael Winter/ USA Today: http://www.usatoday.com/story/tech/2012/12/10/...
A tax haven is a jurisdiction where particular taxes, such as an inheritance tax or income tax, are levied at a low rate or not at all. It may also refer to a state, country, or territory which maintains a system of financial secrecy, which enables foreign individuals to hide assets or income to avoid or reduce taxes in the home jurisdiction. Earnings from income generated from real estate (i.e. by renting property owned in an offshore jurisdiction) can also be eliminated in this way. If taxes (if any) are paid in the tax haven jurisdiction, companies can avoid taxes in their home jurisdiction because the tax had already been paid in the lower tax rate jurisdiction. Some taxes (such as inheritance tax on the real estate, VAT on the initial purchase price of the real estate, or transfer tax...
This presentation will provide examples of how tax havens work including references to the Panama Leaks. The presentation is about solutions including involvement of all countries around the world as part of stronger banking regulations as well as tax treaties. The presentation will talk about the UN and its needs to provide more oversight and audits when it comes to foreign aid.
Visit Us Today! http://www.wealthprotectionreport.co.uk Online Tax Planning and Tax Publishing View Our Latest... Top Tax Planning Uses For Offshore Trusts - Part 1 There are now numerous anti avoidance provisions that can apply, however for the well advised there are still options available to use these tax efficiently. The big advantage of an offshore trust is that, just like all non residents it is exempt from UK tax on foreign income, and exempt from UK CGT (unless the assets sold are UK business assets). This could lead to massive tax planning advantages. The difficulties come in side stepping the anti avoidance rules that can tax UK settlors and beneficiaries on the trust income and capital gains. Here's the top uses for offshore trusts: 1. When the settlors/beneficiaries a...
"Where do multinationals pay taxes and how much?" Gaining insight from international tax experts, Backlight director Marije Meerman ('Quants' & 'Money & Speed'), takes a look at tax havens, the people who live there and the routes along which tax is avoided globally. Those routes go by resounding names like 'Cayman Special', 'Double Irish', and 'Dutch Sandwich'. A financial world operates in the shadows surrounded by a high level of secrecy. A place where sizeable capital streams travel the world at the speed of light and avoid paying tax. The Tax Free Tour is an economic thriller mapping the systemic risk for governments and citizens alike. Is this the price we have to pay for globalised capitalism? At the same time, the free online game "Taxodus" by Femke Herregraven is launched. In th...
https://www.varaluae.com/company-formation-in-dubai/freezone-company-in-uae/ras-al-khaimah-company-formation Ras Al Khaimah company formation: RAKIA free zone start-up cost, documents required, employee visa RAKIA free zone companies are absolutely tax free. No income, wealth, capital gains or sales taxes are levied. Ras Al Khaimah company formation in Ras Al Khaimah Investment Authority (RAKIA) free zone starts at AED 21,000 [US$ 5,753], not including minimal office space for a commercial trading license. This financial fee goes up for different license types and company types and other license setup costs are more. Ras Al Khaimah company formation register renewal fee starts at AED 15,000 [US$ 4110]. Documents required are: Your passport Utility bill from your residence as proof of...
BOOK REVIEW CLARKE’S OFFSHORE TAX PLANNING 2014-15 By Giles Clarke, Dominic Lawrance and Alice Wilne TOLLEY/LEXISNEXIS ISBN: 978 1 40578 812 0 www.lexisnexis.co.uk ANOTHER EXCELLENT EDITION OF “CLARKE ON OFFSHORE TAX PLANNING” FOR 2014-2015 An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers Giles Clarke has maintained his excellent statement on offshore tax planning for the current financial year 2014-15 as we enter a new era in 2015 with a general election and its aftermath for taxation policy… and possible effects on this particular area of tax! We have reviewed this title in the past and endorse our previous analysis that the work concentrates on how offshore trusts, companies and other entities can be used as ‘a legitimate shelter’ from...
Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens? Video transcript and images: http://explainedwithmaps.com/tax-havens/
from The Nation Government Accountability Office calculated in 2008 that 83 of the US's 100 corporations hide fortunes in tax havens [PDF] http://www.gao.gov/products/GAO-09-157 Bailout Recipients http://projects.propublica.org/bailout/list/index According to a congressional report, the cost of offshore tax abuses could be as high as $100 billion per year http://assets.opencrs.com/rpts/R40623_20090709.pdf
Visit Us Today! http://www.wealthprotectionreport.co.uk Online Tax Planning and Tax Publishing View Our Latest... Top Tax Planning Uses For Offshore Trusts - Part 2 As a CGT shelter where family are excluded As we've seen above the anti avoidance rules attribute capital gains to the settlor where beneficiaries include: • the settlor • his spouse • their children and their spouses • their grandchildren and their spouses Therefore if an offshore trust was made by remote relations or friends of the beneficiaries they could be effective in avoiding capital gains tax being attributed to the settlor. A good option for this is to hold shares in newly formed trading companies. The initial set up cost would be low and you could always ask a remote relation to set up the trust. You could ...
Another vacant building is a tax shelter and nothing more
Cemented doors and windows keeping out the poor
What purpose does it serve to keep these buildings emply
Destroying our community to protect abandoned property
Functioning as financial loopholes instead of the housing they could make
Because those owning empty buildings claim a generous government tax break
So is housing just a luxury to b enjoyed by the upper class
Another right you don't deserve if you haven't got the cash
The trouble with ruling class financial tactics
Is that it's the people who need shelter not their taxes
Destruciton described as progress evicting people from their shelter
Renovating and rebuilding under the guise of making cities better
But who does this progress better by putting people in the street
Has it benefitted the community when construction is complete
Housing is not a privledge, not a luxury but a right
communities don't function any better with their problems out of sight
Our communities consise of more than concrete, brick and steel
It's made up of people including the homeless they conceal
The trouble with ruling class financial tactics
Is that it's the people who need the shelter not their taxes
Every inch of established land got that way by means of force
And by paying rent were forced to contribute to that source
With our communities our people suffer under this establishment
It's not about housing these are human rights they make us rent
Only the landlords profit as our lives are sold and bought
And those who fight this process get evicted from their squat
So while our leaders carry out these unjust squat evictions
They prove that freedom can't exist under capitalist conditions
The trouble with ruling class financial tactics