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However, this changed after the Intra Bank crash of 1966, [134] and the subsequent political and military deterioration of Lebanon dissuaded foreign use of the country as a tax haven. Liberia had a prosperous ship registration industry. The series of bloody civil wars in the 1990s and early 2000s severely damaged confidence in the country. The ...
The Mauritius Leaks were the report of a datajournalistic investigation by the International Consortium of Investigative Journalists (ICIJ) in 2019 about how the former British colony Mauritius has transformed itself into a thriving financial centre and tax haven. [1] [2] [3]
Officials insist that the BVI is not a tax haven country. However, few seem fooled as it faces a continuous threat of being placed on the EU’s tax haven blacklist. ... Mauritius. A tiny island ...
Mauritius, [a] officially the Republic of Mauritius, [b] is an island country in the Indian Ocean, about 2,000 kilometres (1,100 nautical miles) off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Agaléga, and St. Brandon (Cargados Carajos shoals).
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 ...
Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland.
The activities against tax havens were only expanded after the 2007–2008 financial crisis. At the April 2009 G-20 London summit tax havens were divided into a "blacklist" of non-committers and a "graylist" of non-implementers, based on compliance with the request-based "internationally agreed tax standard". [12]