Two bank employees are suspected of helping clients set up offshore companies in tax havens to launder hundreds of millions of euros.
Such economic citizenship programmes, which are being run by several small island states in the region, have raised concerns that terrorists, criminals and other shady characters could buy Caribbean passports to evade justice, slip into Europe and North America through the back door, or squirrel away billions in stolen public money in tropical tax paradises.
This past July, Oregon became just the second state to eliminate what is known as the "water's edge" loophole, which lets
You and your partner are a hot young couple. You have a gorgeous eight month-old son. You live on a tropical island. Do you really need more? For Agata Kalicki and Reno Ciantar, the answer was, yes. "We found something was missing on the island," says Kalicki.
Google's Bermudan subsidiary has no full-time staff and Richards said that such nameplate companies are not important to
Can we align the interests of giant corporations with our national, American interest? If we cannot, they should be stripped of their American corporate privileges and be required to do the same things as other entities that are not wedded to the national interest.
BERLIN, April 5 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands
The decision to outsource the household payroll also shields the identities of Romney's household employees from the public
The Cayman Islands may get an income tax soon, but the rich need not worry. In an effort to balance its budget, the Cayman
(Reporting by Emma Thomasson; Editing by Hans-Juergen Peters) The move comes as Switzerland faces mounting pressure to hand
Steeped in a long tradition of bank secrecy, Switzerland has recently signed information sharing agreements as part of a
Raising taxes on wealthy Americans, of course, will have little effect if those same citizens can simply hide funds from