Search result for " bermuda "
Bermuda – Over 75% of Fortune 500 Companies have a presence here.
Scenic Bermuda, a British Overseas Territory Google caused quite a stir in the last several months, when news emerged that it had dodged billions in tax dollars by booking profits through its Bermuda based Dutch subsidiary. The arrangement that Google uses to minimize its taxes is often referred to...
“We are not tax havens!” – says authorities of Bermuda and Malta
Authorities from Bermuda and Malta have come out to defend their territories against being labeled as tax havens, as the global crackdown on offshore banking and asset management continues. Bermuda Finance Minister Bob Richards insisted on Monday that the territory is not actively engaged in promoting profit shifting. He...
Financial reforms in Barbados seek to raise country’s business standing
Life guard station in Miami beach, Barbados Like many of its neighbours in the Caribbean, Barbados relies on the financial and offshore sector for a large portion of its income, with that industry contributing US$1billion to the local economy at present. Despite this, it lacks the cachet and reputation...
Hong Kong blacklisted by the EU for its tax practices
Hong Kong among world’s 30 blacklisted tax havens Although the OECD has successfully cleared its list of uncooperative tax havens, it recognises that there remains work to be done on harmful tax practices. While that work has largely manifested in automatic exchange of information (AEOI) agreements and consulting on...
Delaware: Healy Consultants Group PLC’ Go To State for Incorporation in the USA.
Wilmington Delaware Skyline What makes Delaware so special? It’s the second smallest state in the US but is considered the corporate capital of America. Here are some little known facts about doing business and incorporating a company in one of the wealthiest states in the US: Home to DuPont,...
Three Questions to Ask About Mitt Romney’s Tax Returns
This past week, Mitt Romney released his 2011 tax returns and several tax specialists have weighed in on what the minimal information released has revealed about Romney’s financial status. Ignoring that this return was for a fiscal year AFTER he began his presidential run, the return released showed a...
Offshore Companies: The Good, The Bad, and The Ugly
Offshore Companies – The good: Legally Minimize Taxes and Protect Assets Anybody can incorporate a business. In our world today, both free and guarded economies alike permit foreign nationals to create businesses and commercial opportunities on their shores. There is nothing wrong or illicit about owning and running a...