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Luxembourg

And The Most Secretive Financial Jurisdiction in the World Is…? (Hint: there’s no cheese involved)

2 November 2009

The Tax Justice Network has recently released its list of the most secretive financial jurisdictions in the world. And who topped the list? Luxembourg? Switzerland? Hong Kong? Caymans? Nope, it’s the United States. Yeah, of America. But don’t get too excited with your finger pointing. It has little to do with most of the US. [...]

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UK Tries Out Amnesty for Offshore Accounts

29 July 2009

In an effort to recover income from funds that might have been hidden offshore, the US introduced a Voluntary Compliance Program that offers reduced civil penalties and no criminal penalties. At the time, IRS Commission Doug Shulman described the program as stating: The goal is to have a predictable set of outcomes to encourage people [...]

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Oh Yeah?! Well, Your Cheese Stinks!

11 May 2009

Germany, like the US, has been highly critical of countries considered to be tax havens. Mostly, those are countries outside of Europe with financial and banking secrecy laws meant to woo (mostly) westerners with the lure of escaping taxation. There are a few notable exceptions within Europe: Luxembourg, Liechtenstein and Switzerland. All three are small, [...]

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And the best place to live in the world is…

29 April 2009

Nobody wants to pay more tax. But a recent study by Mercer seems to suggest that a higher tax rate does not serve as a deterrent to quality of life and, in some cases, is quite the opposite. Many of the cities which topped Mercer’s quality of life survey are those with relatively high tax [...]

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