Search results for : offshore companies
April 05, 2016
Iceland's leader resigns, first casualty of Panama Papers
Iceland's Prime Minister Sigmundur David Gunnlaugsson is to resign, his party said on Tuesday, becoming the first casualty of leaked documents from a Panamanian law firm which have shone a spotlight on the finances of an array of politicians and public figures worldwide.
April 05, 2016
Panama Papers Scandal Brings Down Iceland's Prime Minister
The prime minister of Iceland resigned on Tuesday, succumbing to political pressure two days after an enormous leak of documents from a secretive Panamanian law firm about offshore shell companies and tax shelters.
Bahamian bishop in 'Panama Papers'
April 05, 2016
Bahamian bishop in 'Panama Papers'
A Bahamian bishop named in a tax haven controversy involving British Prime Minister David Cameron's father, allegedly helped to establish an offshore fund in The Bahamas to avoid Cameron's father paying taxes in the United Kingdom, according to international reports.
April 04, 2016
15K plus Mossack Fonseca companies incorporated in The Bahamas
More than 15,000 of the companies that appear in Panamanian law firm and corporate service provider Mossack Fonseca?s files were incorporated in The Bahamas, according to information revealed by the German newspaper S?ddeutsche Zeitung, and disseminated by the International Consortium of Investigative Journalists (ICIJ).
April 05, 2016
Government defends financial service industry after 'disconcerting' leak
THE government yesterday defended its financial service industry after the country was indentified as a popular tax haven in a major international data leak that documented the offshore dealings of the world's wealthy elite.
Foreign leader 'hid money in the Bahamas'
April 04, 2016
Foreign leader 'hid money in the Bahamas'
THE Bahamas has been named a key tax haven for some of the world's wealthiest people who sometimes seek to launder money, dodge sanctions and evade tax, according to a recent leak of confidential documents that reveal how some international power-players hide their wealth.
Collateral damage
October 21, 2015
Collateral damage
A little over a week ago the British parliamentarian, Sir Eric Pickles - a cabinet member until May of this year and a former chairman of the Conservative Party - told the London Guardian that the British prime minister, David Cameron, was determined to have the British Virgin Islands (BVI) and the Cayman Islands adopt public registers of beneficial ownership either "through legislation, guidance ...
Tax avoidance and evasion
March 03, 2014
Tax avoidance and evasion
"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury."
- United States Supreme Court in Gregory v. Helvering, 1935
The Bahamas government has announced that it plans to become fully engaged in tax reform and the centerpiece of that reform is the implementation of value-added tax (VAT). It has been sugge...
Service providers voice VAT outsourcing fears
December 20, 2013
Service providers voice VAT outsourcing fears
Advertisers, marketers and public relations firms have joined forces to voice their fears that they are uniquely vulnerable to seeing large portions of the work they currently rely upon to sustain themselves outsourced to foreign companies if their services are subject to value-added tax (VAT)...
November 07, 2013
Bahamas 'more compliant' on tax transparency than UK, U.S.
An U.K.-based organization which advocates against the "harmful impacts of tax avoidance, tax competition and tax havens" has ranked The Bahamas number 35 out of 82 countries in its Financial Secrecy Index...
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