- published: 22 Sep 2012
- views: 15060
A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX
A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world KPMG Canada devised what it called an “Offshore Company Structure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it. In the U.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency. A federal government inquiry vowing to get to the bottom of it went nowhere What was the accounting firm trying to hide? With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man of...
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
How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan. Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboa...
"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/...
You're not going to believe my interview with economist James Henry on the $30 Trillion dollars in tax havens! Some of the highlights: Tax havens are being used to hide and house 15% of the world’s wealth. Shell companies are being used off shore so that corporations avoid paying taxes. Representation without taxation. We tried inflation, debt and privations but the only way to support a society is taxes. It’s not a Global Mafia: it’s worse, the rich and corporations have created laws to support their ability to evade paying taxes. The difference between tax shelter and tax evasion is a jail cell. Since the recession the top 1% is not only making insane profits but avoiding paying more and more taxes. A Great Society cannot survive without having the means to support it and a regressive ta...
"Where do multinationals pay taxes and how much?" Gaining insight from international tax experts, Backlight 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 the game, the player can select the profile of a multina...
The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama. According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe. Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future. BERMUDA Ber...
http://www.takeasmartstep.com What does someone mean when they say it is tax sheltered?
From 1600 Pennsylvania Ave. Joe Conason talks about his article at Salon: AIG is chump change -- let's find corporate America's hidden billions http://www.salon.com/opinion/conason/2009/03/23/big_clawback/index.html
What do you know about tax shelters in Canada? It may be associated with tax evasion, illegal schemes, or other bad practices – however, not all tax shelters are bad news! Learn more through this week’s Tax Tip Weekly! 0:33 - What is a tax shelter? 0:47 - Tax shelter arrangements 1:30 - Legitimate tax shelters 2:12 - The Tip Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts Download any of our free eBooks available on Amazon “Tax Tips for Canadians”: https://www.amazon.ca/Tax-Tips-Canadians-Allan-Madan-ebook/dp/B01E...
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/
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.
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...
Sean Briscombe gives commentary and guidance for those who wish to optimize their wealth and income. These strategies are available to everyone. All it takes to develop a sound financial foundation that fuels your wealth building is knowledge.
SUBSCRIBE to ELITE NWO AGENDA for Latest on USD COLLAPSE / GOLD / SILVER / BITCOIN / NEW WORLD ORDER / ILLUMINATI / TAX HAVEN http://www.youtube.com/EliteNWOAgenda LEGAL WAYS TO AVOID PAYING TAX - The Super Rich Elite are Doing It, So Why Dont You? Don't take an income Selling assets and realising capital gains could give you a source of cash if you needed it, and careful planning so losses in previous years offset any gains could help reduce your capital gains tax bill. Give to charity This is one of the strategies the government is planning to crack down on, although its plans have attracted controversy and could be watered down as a result. Currently, if you give assets to charity you can claim income tax relief up to their entire value. The government's own Directgov website gives ...
I try to explain how offshore tax havens are used to minimise the amount of taxes a corporation pays.
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...
President Obama discusses the ongoing "Panama Papers" leak that details various world leaders' egregious use of offshore tax shelters to hide trillions of dollars from governments. Reflect on Twitter @ReflectVideo Reflect on Facebook http://on.fb.me/1Oi1dbH Check out our site ReflectVideo.com Check out our site http://www.ReflectVideo.com Subscribe to Reflect's YouTube Channel: https://www.youtube.com/c/ReflectNews?sub_confirmation=1
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