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2000: The OECD produces its first formal list of 35 tax havens who have met two of three OECD Criteria; none of the existing 35 OECD members, or EU–28 members, were listed as tax havens. [29] By 2008, only Trinidad & Tobago met the OECD's Criteria to be a tax haven. [56] Academics start using the terms "OECD tax havens" and "EU tax havens".
The European Union tax haven blacklist, officially the EU list of non-cooperative tax jurisdictions, is a tool of the European Union (EU) that lists tax havens. It is used by the Member States to tackle external risks of tax abuse and unfair tax competition .
Academic leaders in tax haven research, and other non–governmental organizations, point to the role of OECD and EU tax havens in tax avoidance from base erosion and profit shifting (BEPS) schemes, like the Double Irish, the Single Malt and the Dutch Sandwich. [31] [32] [33] They regard them as major tax havens in their definitions of tax ...
European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows. The planned ...
The OECD gave in and announced it had no intention to pursue "defensive measures" against tax havens. [11]: 149–150, 160–162 After the September 11, 2001, attacks the United States wanted better cooperation from tax havens on terrorist financing, but was reluctant to tackle tax evasion forcefully. Since the two practices are very similar ...
On 22 October 2008, at an OECD meeting in Paris, 17 countries led by France and Germany decided to draw up a new blacklist of tax havens. It had been asked to investigate around 40 new tax havens where undeclared revenue was hidden and which hosted many of the non-regulated hedge funds that came under fire during the financial crisis of 2007–08.
A majority (64%) of the forgone revenue is pegged to multinational corporations that can still — despite efforts at international tax reform by the OECD over the past decade — engage in profit ...
The Paradise Papers have also cited Malta among a list of tax havens. However, officials insist that they have complied with EU laws. Though local companies pay a corporate tax rate of 35%, some ...