Tax Havens

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Tax Havens - Total results - 37
World failed to eliminate tax havens post 2008 financial crisis: Spanish PM Pedro Sanchez
Business

World failed to eliminate tax havens post 2008 financial crisis: Spanish PM Pedro Sanchez

In a special address at the WEF Annual Meeting here, Spanish Prime Minister Pedro Sanchez warned that the world is in danger of forgetting the lessons that were learnt from the financial crisis of 2008.

Indians' Swiss bank deposits have been falling from 2006 peak, but that doesn't mean all is well
Business

Indians' Swiss bank deposits have been falling from 2006 peak, but that doesn't mean all is well

if Indian money deposits have dipped in Swiss banks and if we assume this was all black money, where did all this money go,

Offshore tax haven concealing data may delay seizure of assets under Fugitive Economic Offenders law
Business

Offshore tax haven concealing data may delay seizure of assets under Fugitive Economic Offenders law

The ED can do little despite penetrating the veil of secrecy in some cases due to tax havens' non-cooperation in unearthing tax evasion and fraud.

Indo-Swiss pact on hidden wealth: Why it isn't helping in India's fight against black money
Business

Indo-Swiss pact on hidden wealth: Why it isn't helping in India's fight against black money

Black money is known as illicit financial flows (IFFs) internationally, which are defined as a cross-border movement of funds that have been illegally or unethically earned, transferred or utilised

Paradise Papers reveal 714 Indians on tax haven list: How corporations, politicians and celebs stash wealth
India

Paradise Papers reveal 714 Indians on tax haven list: How corporations, politicians and celebs stash wealth

The government has directed that investigation in cases of Paradise Papers will be monitored by a re-constituted MAG, headed by the Chairman CBDT

Paradise Papers leaks: European Union to discuss blacklist of worldwide tax havens today
World

Paradise Papers leaks: European Union to discuss blacklist of worldwide tax havens today

Measures previously discussed include an EU-wide list of tax havens meant to discourage the rerouting of profits made in EU to tax-free or low-tax countries like Panama or Bermuda

Paradise Papers leaked highlights: EU to discuss blacklisting tax havens; In India, multi-agency panel will probe those named
Business

Paradise Papers leaked highlights: EU to discuss blacklisting tax havens; In India, multi-agency panel will probe those named

Some of the revelations in the Paradise Papers include millions of pounds from Queen Elizabeth II's private estate that has been invested in a Cayman Islands fund and some of her money that went to a retailer accused of exploiting poor families and vulnerable people.

Facebook and Twitter had received major investment from Russia-linked firms: Paradise Papers
News & Analysis

Facebook and Twitter had received major investment from Russia-linked firms: Paradise Papers

The documents called "Paradise Papers", were obtained by German newspaper SUddeutsche Zeitung and reviewed by the International Consortium of Investigative Journalists (ICIJ) and several media outlets across the globe.

Paradise Papers: Jayant Sinha, Vijay Mallya, Amitabh Bachchan in list of prominent people who had invested in tax havens
Business

Paradise Papers: Jayant Sinha, Vijay Mallya, Amitabh Bachchan in list of prominent people who had invested in tax havens

Paradise Papers are a huge set of documents - 13.4 million to be exact - that German newspaper Süddeutsche Zeitung gained access to

HSBC discloses tax evasion probes in India, other countries; provisions Rs 5,000 cr
Business

HSBC discloses tax evasion probes in India, other countries; provisions Rs 5,000 cr

Giving case-wise details, it said the Indian tax authorities in February 2015 had issued a summons and request for information to an HSBC company in India.

Forget demonetisation, NDA govt's achievement lies in blocking tax havens and dubious FDI pacts
Politics

Forget demonetisation, NDA govt's achievement lies in blocking tax havens and dubious FDI pacts

Amended tax treaties with Singapore, Mauritius and Cyprus are undoubted milestones as these islands were almost noble centres for money-laundering

Law firm named in Panama Papers shuts down its Jersey, Gibraltar offices
World

Law firm named in Panama Papers shuts down its Jersey, Gibraltar offices

Panama Papers first emerged around 8 weeks ago, divulging details taken from nearly four decades of records from Mossack Fonseca's computer archives.

Panama president seeks global efforts to tackle tax haven scandal
World

Panama president seeks global efforts to tackle tax haven scandal

Panamanian President Juan Carlos Varela called on Tuesday for global efforts to tackle the "Panama Papers" scandal

The Panama documents are not the tip of the iceberg, they are a mere speck; here's why
Business

The Panama documents are not the tip of the iceberg, they are a mere speck; here's why

The people benefitting from the global economy are those at the top, simply because our economic system is heavily skewed in their favour

Panama Papers: Here's how Modi govt can act now to bring the crooks to book
Business

Panama Papers: Here's how Modi govt can act now to bring the crooks to book

The German and Panama leaks are grim pointers -- the secretive foreign bank accounts or no longer secretive in this day and age of hacking, ethical or cynical

Black money list: BJP's modus operandi no different from previous UPA govt
Politics

Black money list: BJP's modus operandi no different from previous UPA govt

How different is the BJP-led NDA government from the UPA when it comes to approach towards black money? Not much. The government on Monday disclosed three names before the Supreme Court, but this falls way short of the expectation the government raised during its election campaign.

Bringing back black money: Why name-and-shame alone won't work in India
India

Bringing back black money: Why name-and-shame alone won't work in India

Beyond some public rejoicing over the naming of Indians with illegal wealth stashed abroad, a name-and-shame policy will not deter future evaders or help bring the money in. We need a carrot-and-stick approach to the problem,

Black money: Modi govt says it can't reveal names, Cong lashes out
India

Black money: Modi govt says it can't reveal names, Cong lashes out

The government refusal to disclose names of people who have allegedly stashed away their black money in tax havens abroad triggered a war of words between the Congress and BJP.

CBI Director seeks info from finmin on corporates routing money abroad
Corporate

CBI Director seeks info from finmin on corporates routing money abroad

Sinha has written to Secretaries of Banking and Revenue Department in the Finance Ministry, saying this model of over invoicing by a front company of a business group abroad is being largely misused by corporate groups to illegally route funds from abroad, official sources said.<br />