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  • September 18, 2014
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  1. Selecting a haven in which to weather taxing times

    Posted Sep 06th 2009, 12:00am by Staff Reporter

    ... the United States, Canada, Australia and the UK. To varying degrees, all these have been affected by the credit crisis and either have or will raise taxes to levels that many think are confiscatory. ... to understand. As onshore countries increase taxes, more of their rich residents move away to escape them. So where is it possible to live tax-free? One of the most popular places is Monaco, which has ...

  2. Idyllic island tax haven lures investors

    Posted Jul 14th 2010, 12:00am by Peta Tomlinson

    ... in length, covering an area of only 572 square kilometres, is one of the most tax-friendly jurisdictions on earth. The Isle of Man is a self-governing British Crown dependency. It has a large ... taxes- just a straightforward income tax levy- and no stamp duty on property purchases. It's also known as a very private island. With a population of only 80,000, the property market ...

  3. Tax haven Anguilla courts companies

    Posted Jun 08th 2010, 12:00am by Staff Reporter

    ... The list of offshore tax havens luring Hong Kong, mainland and regional companies is growing, and one can add to it Anguilla, a small British-governed Caribbean island. Representatives ... registrations. Nearly a third of all companies registered in such offshore tax havens are owned by Hong Kong corporations and investors. According to offshore consultants, Anguilla has a simple ...

  4. Tax havens offer financial benefits

    Posted May 25th 2010, 12:00am by Staff Reporter

    ... The words 'tax haven' are sometimes mistakenly associated with siphoning off funds, hiding money from tax authorities or even stashing away ill-gotten wealth. However, ... transfers. Details of directors and shareholders of offshore companies are usually not publicly available, which affords confidentiality. In Hong Kong, most companies use tax havens to incorporate ...

  5. HK seeking tax treaties to silence haven claims

    Posted Mar 30th 2010, 12:00am by Irene Jay Liu

    ... Irene Jay Liu Fighting criticism that it has become a worldwide tax haven, Hong Kong is aggressively pursuing tax treaties that would allow greater exchange of information with its trading ... the Treasury Bureau denied that Hong Kong was a tax haven but said: 'Any negative perceptions [of] the transparency of our tax regime would harm Hong Kong's reputation as an international ...

  6. Americans in HK against revival of US bill targeting tax havens

    Posted Jun 22nd 2009, 12:00am by Dennis Eng

    ... Dennis Eng Americans living in Hong Kong may be targeted under proposed US legislation against tax havens as the Obama administration searches for sources of revenue to help fund its multitrillion-dollar budget. However, the Stop Tax Haven Abuse Act, proposed by Democratic senator Carl Levin, appears to be losing steam on Capitol Hill as the focus shifts to domestic issues. A delegation ...

  7. Hong Kong saved from tax-haven tag in final communique

    Posted Apr 04th 2009, 12:00am by Enoch Yiu

    ... the city declared a tax haven in the G20 final communique. That humiliation was apparently averted after President Hu Jintao refused to countenance the inclusion of a list of tax havens ... in the communiqu?. Hong Kong and fellow SAR Macau were ultimately not explicitly listed by the OECD as tax havens. Instead, they were mentioned in a fine-print notation as having merely committed ...

  8. Enforcement the key to ending tax havens

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... The spat among G20 countries over cracking down on tax havens is a sideshow to the much more urgent task of tackling the gravest economic crisis in decades. However distasteful ... willing to undermine a G20 agreement over the status of Hong Kong and Macau as tax havens smacked of political grandstanding. Intervention by presidents Hu Jintao and Barack Obama narrowly avoided ...

  9. Plan for tax-haven law prompts privacy fears

    Posted Apr 12th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu A proposed law change in the middle of this year may help Hong Kong avoid being labelled a tax haven, but individuals and companies are worried about privacy. The amendment ... Hong Kong was on the verge of being declared a tax haven at the recent Group of 20 summit in London. 'Many businesspeople come to Hong Kong as they like the low and simple tax regime here ...

  10. Tax refugees flee to haven in Switzerland

    Posted Dec 02nd 2009, 12:00am by Richard Warren

    ... by the country's low taxes and stable governance, had supported Swiss property prices. Many Swiss had also repatriated their overseas wealth to buy Swiss property, he added. 'Switzerland is one ... difficulties and proposed fiscal legislation change in many countries, Switzerland once more is seen as a real port in a storm.' Income tax rates vary between Switzerland's 26 cantons, ...




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