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Offshore tax havens have become a vital part of global business

And just how powerful these tax havens have become can be judged by the abject failure of various efforts to reign in their powers.

Sebi , Tyva , Russia , Ukraine , Netherlands , Singapore , Cayman , 00 , Cayman-islands , British-virgin-islands , India , Jersey

The hypocrisy of the OECD, pt. 2 - The Nassau Guardian


The hypocrisy of the OECD, pt. 2
“Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice and sometimes they work at the OECD.” — Paul Krugman
Two weeks ago, in part one of this series, we observed that, since 2000, The Bahamas government has enacted numerous pieces of legislation that have seriously, if not irreparably, eroded our offshore financial services sector. Those developments represent a prolonged and sustained assault by the Organization for Economic Cooperation and Development (OECD) on our sovereignty and our way of life.
Armed with OECD-inspired and directed legislation, those initiatives are justified in parliamentary debate that is often full of sound and fury, replete with veiled platitudes and gratuitous accolades about how the government of the day effectively staved off The Bahamas’ inclusion on the OECD’s infamous blacklist.

Australia , United-states , Hong-kong , Netherlands , United-kingdom , Singapore , British-virgin-islands , Luxembourg , United-arab-emirates , Canada , Switzerland , Bahamas

Kenya, Tanzania enable multinationals evade taxes


The East African
Tuesday March 16 2021
Illicit financial flows cost African countries around $50 billion per year, dwarfing annual official development assistance the continent receives. PHOTO | FILE
Summary
Illicit financial flows cost African countries around $50 billion per year, dwarfing annual official development assistance the continent receives.
Kenya is responsible for 0.1 percent of the world’s corporate tax abuse with a Corporate Tax Haven Index of 0.14 percent, haven score of 50 percent and Global Scale weight of 0.013 percent.
Tanzania is also responsible for 0.1 percent of the World’s corporate tax abuse, with a CTHI, haven score and Global Scale weight of 0.11 percent, 48 percent and 0.01 percent respectively.

Hong-kong , Seychelles , Argentina , Luxembourg , Tanzania , Mauritius , South-africa , San-marino , Liberia , United-arab-emirates , Uganda , Cayman-islands