A global collaboration of journalists has revealed massive offshoring of funds linked to some of the world’s most powerful people, including Vladimir Putin.
Those with the means to invest through hedge funds in tax havens benefit.
Reuters/Gary Hershorn
The revelation in leaked bank files that HSBC’s Swiss banking arm has helped wealthy customers put millions of dollars worth of assets out of the reach of the tax authorities confirms the way in which…
All over the world, tax revenues are under relentless attack. With help from accountants, lawyers and financial advisers, corporations are avoiding taxes through complex corporate structures, profit shifting…
Leaked documents reveal how multinational companies use PwC in Luxembourg to shift profits and avoid tax.
Nicolas Bouvy/AAP
Hundreds of advance tax agreements between Luxembourg and more than 300 taxpayers were leaked and published by the International Consortium of Investigative Journalists last week. The taxpayers involved…
Luxembourg: a fairyland for tax avoidance?
Claude Wians
The revelations that global and multinational businesses have been brokering “secret” tax deals with Luxembourg to avoid paying taxes in their home countries, may be the first time an entire country has…
Oxfam estimates that at least A$21 trillion is hidden in tax havens.
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Tax avoidance, or the use of legal arrangements to reduce tax, is rife. According to the Australian Tax Office (ATO), Australian companies in 2012 sent almost A$60 billion to related parties in tax havens…
The survival of Pacific Island tax havens depends on a bigger struggle between the Global North and the Global South.
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The role of offshore tax havens have come under increasing fire amid growing global concern over tax revenues, with a calls for greater transparency from the recent G8 summit and the recommendation of…