About: offshore capital
Member states’ broad definition of tax havens raises concerns
EU finance ministers agreed today (21 February) on criteria that will be used to label tax-free jurisdictions as offshore territories, sparking concerns about the negative impact on EU’s future black-list.
Hoping to restore trust, Cameron tightens tax laws
British Prime Minister David Cameron said yesterday (11 April) he was tightening laws to end tax evasion without deterring "aspiration", hoping to end scrutiny of his personal wealth and restore trust in his leadership.
Putin gives amnesty to offshore capital
Russian President Vladimir Putin signed into law yesterday (8 June) an amnesty for people who illegally spirited funds out of the country, hoping to counter the capital flight that has contributed to the country's economic crisis.
Putin slams EU for ‘dependency mentality’
Russian President Vladimir Putin, speaking ahead of the G8 Summit in Northern Ireland on 17-18 June, said his country would not follow the mistakes of Europe that led to the eurozone crisis. In a wide-ranging interview he blamed the EU’s "mentality” for endangering the economy and the “moral basics of society”.
Offshore tax havens rocked by bank account leaks
The offshore financial industry has been hit by the leak of 2.5 million secret bank accounts of companies and nationals in 170 countries to 86 journalists worldwide, under the leadership of the International Consortium of investigative journalism. Publication began this week.