Isle of Man hits out at ‘political’ EU blacklist of tax havens
Isle of Man chief minister Allan Bell has questioned plans by the European Commission to create a blacklist of non-EU tax regimes, branding the move as more to do with the “internal politics of Brussels” than greater transparency.
Is ending offshore anonymity the answer to tax evasion?
International efforts to end the secrecy of offshore tax havens – seen by governments as the solution to tackling tax evasion – may lead to some undesired side-effects, according to experts in the industry.
Top 50 US firms stashing $1.3trn offshore, says Oxfam
The 50 biggest US corporations have more than a trillion dollars hidden offshore, according to a new report published by Oxfam on Thursday.