Posts tagged as:

tax haven

Romney’s Tax Returns are Remarkably… Unremarkable

24 January 2012

I know, I know. You, like me, woke up this morning and your first thought was: what’s on those darn Romney tax returns? Okay, maybe you didn’t. But I did (true story, ask my husband). And not because I really care in a this-will-dramatically-change-my-life kind of way but rather I was interested in what the [...]

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Is It Luck of the Irish or Something More?

17 March 2010

Ah, Ireland. Land of leprechauns, rainbows and… low corporate taxes. That’s right: Ireland is a tax haven. Over the past few years, Ireland has been taking increasing heat from its near neighbors and the US for its perceived efforts to lure corporations to the Emerald Isle. Already facing criticism from many in the UK, Ireland [...]

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Singapore, Liechtenstein No Longer Gray

16 November 2009

Who says that a little pressure doesn’t work these day? Singapore and Liechtenstein have both apparently decided that they wanted to be one of the cool kids after all. This week, both countries received word that they are slated to be removed from the dreaded gray list of the Organisation of Economic Cooperation and Development [...]

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Tax Havens Suddenly Not All the Rage

11 November 2009

Suddenly, it’s not so fashionable to have your money in Swiss banks. That’s sooo February 2009. This season, all of the trendy tax evaders are heading somewhere else. In the wake of increased activity by IRS to track down previously undisclosed assets (joined by the taxing authorities in countries like the UK and Germany), banks [...]

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IRS Drops Some Tax Penalties to Woo Evaders

6 April 2009

Last month, the IRS announced a new settlement program targeted at taxpayers with offshore accounts. As previously reported, IRS has become more aggressive in their efforts to identify taxpayers with offshore accounts who have not reported those accounts to the feds. Steep civil penalties apply and, in some cases, criminal charges could be imposed. However, [...]

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G-20 Ready to Make a Statement About So-Called “Tax Havens”

2 April 2009

For years, it was believed that you had to be mega-rich to have accounts in exotic locations. Switzerland, for example, was the millionaire’s playground. Billions and billions of dollars were *allegedly* stashed in secret accounts, “safe” from the probing fingers of Uncle Sam. Along with Switzerland, countries such as Liechtenstein, developed successful industries based on [...]

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Germany Tired of Holes in Swiss Policy

22 October 2008

Switzerland likes to think of itself as a neutral tax haven. Germany, however, thinks that its much more menacing than that, with Peer Steinbrück, the German finance minister, out and out accusing the Swiss of trolling for tax evaders, saying: Switzerland offers conditions that invite the German taxpayer to evade taxes. Steinbrück went so far [...]

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