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Starting in 2023, about 200 companies with headquarters in the country and a several thousand subsidiaries of foreign companies would pay the global minimum corporate tax rate. The new rule applies to companies with at least €750 million in annual turnover, which is said to represent only about 1% of the companies based in Switzerland.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
List of countries by tax rates; ... new offshore entities while going on trial for tax evasion; ... at least 14,000 shell companies and trusts in tax havens. Alcogal ...
The Lagarde List is a spreadsheet containing roughly 2,000 potential tax evaders with undeclared accounts at Swiss HSBC bank's Geneva branch. It is named after former French finance minister Christine Lagarde , who in October 2010 passed it on to Greek officials to help them crack down on tax evasion.
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 .
By early 2010, French tax authorities had begun notifying other countries' tax officials about the files. [5] In April 2015, Nina Ricci's heir, Arlette Ricci, was convicted of tax evasion in a Paris court on the basis of the Swiss Leaks files. Ricci was given a three-year prison sentence, two of them suspended, and had real estate in Paris and ...
An apartment building closed for property tax evasion. Tax evasion is a crime in almost all developed countries, and the guilty party is liable to fines and/or imprisonment. In Switzerland, many acts that would amount to criminal tax evasion in other countries are treated as civil matters. Dishonestly misreporting income in a tax return is not ...
UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...