Latest News for: Caribbean tax haven


Wirecard employees removed millions in cash using shopping bags

The Irish Times 22 Apr 2021
More than €100m ... The senior Wirecard manager, who told prosecutors that he transferred €4.5 million of Wirecard funds to a hidden personal foundation in Liechtenstein, is also facing questions over up to €15 million that was transferred from accounts at Wirecard Bank to accounts in the Caribbean island of Antigua, an offshore tax haven ... Antigua ... .

Haitian Official stashes Wealth in Montréal

Dissident Voice 22 Feb 2021
Canada’s contribution to enabling Haitian corruption ... In Money on the Run ... A New Tax Haven. How the Country That Shaped Caribbean Tax Havens Is Becoming One Itself Alain Deneault summarizes. “The dictator’s money was moved from Canada to Jersey [tax haven] where it was received by the Royal Trust Bank, a subsidiary of Canada’s Royal Trust Company ... .

Haiti Official Stashes Wealth in Montréal. “Canada’s Contribution to Enabling Haitian Corruption”

GlobalResearch 22 Feb 2021
Recent media reports of a Haitian official stashing wealth in Montréal property ignore a key element of the story. Canada’s contribution to enabling Haitian corruption ... But the broader Canadian angle is the most important omission ... A New Tax Haven. How the Country That Shaped Caribbean Tax Havens Is Becoming One Itself Alain Deneault summarizes. ... etc ... .

Vinod Jose: ‘We are seeing a culture of intolerance’

Frontline 09 Feb 2021
When we published a story on the National Security Adviser Ajit Doval’s son running a company in a tax haven in the Caribbean islands, Doval’s son filed a defamation suit against The Caravan. We were pointing out duplicity of standards in the Doval family, where the father had written extensively against tax haven companies while his son had one.

Governor of Caribbean tax haven the British Virgin Islands orders probe led by UK judge ...

The Daily Mail 18 Jan 2021
The Governor a British Overseas Territory and tax haven has ordered an official probe into allegations of widespread corruption and political interference including the misuse of millions of dollars of taxpayers money ... The British Virgin Islands is a parliamentary democracy and is self-governing ... Mr Raab said the allegations included ... He added ... .

The one good thing to come out of Brexit: a bonfire of national illusions

The Observer 01 Jan 2021
They have done it. The right wing of the Conservative party has won a historic victory. The UK will be a sovereign “third country”, with a limited trade deal with the EU ... merging the UK with an archipelago of tax havens run from the Caribbean, to create an even bigger rentiers’ paradise than the one we already have ... a Twentieth Century History.

Flawed Codemasters deal shows the need for a long-term game plan

The Times/The Sunday Times 25 Nov 2020
Royalties and licensing fees that might otherwise have been taxed in the UK have disappeared into sandy Caribbean havens. Nowadays, British developers seem to cherish their independence ... .

Can Britain register a ‘news agency’ having no journalist?

Blitz 10 Nov 2020
But if I were to shift such sums through a Belgravia flat or a West End jeweller or an offshore tax haven, I would be offered a tier 1 golden visa and honored status as an inward investor ... It is responsible for two-thirds of the world’s tax havens, mostly in the Caribbean, their legality no defence against their deplorable morality.

Maharashtra: Wilful defaulter Winsome Diamonds to be liquidated

Indian Express 06 Oct 2020
The promoters of Winsome Diamonds, Jatin Mehta and his wife Sonia Mehta, left India in 2013 and became citizens of Saint Kitts and Nevis – a Caribbean nation known to be a popular tax haven ... However, the CBI has failed to get an Interpol red notice against Mehta, who is accused of bank fraud ... 📣 The Indian Express is now on Telegram ... Tags ... Live Blog ... .

FINCEN FILES: Financial reports on suspicious activity show 40 Japanese names

Asahi News 24 Sep 2020
The scandal involved the use of entities in a Caribbean tax haven to avoid huge tax liabilities and the oversight of financial authorities ... “We considered that a special purpose company registered in an offshore tax haven should be a recipient for the funds in order to avoid paying taxes.

The FinCEN files: Unchecked by global banks, dirty cash destroys dreams and lives

The Irish Times 20 Sep 2020
They describe journeys of dirty money that zigzag inexplicably around the world; from a kleoptocrat’s spoils or a front company on the Atlantic coast, for example, via a Wall Street bank to a sun-kissed tax haven in the Caribbean, a Singapore tower block or a financier in Damascus.

The 26 maddest managerial sackings ever in football

FourFourTwo 21 Jul 2020
that schoolmate you haven’t seen for decades ... It’s no fun losing your job – unless you’re an investment banker whose pay-off is enough to finance your personal choice of a massive house, Caribbean (preferably tax-haven) island or enough weapons to stage a coup d’état.

Virgin Atlantic favours US hedge fund in �500m survival plans

Business Day 01 Jul 2020
LondonVirgin Atlantic Airways is edging towards a nearly £500m emergency financing package led by US hedge fund Davidson Kempner Capital Management as the UK airline negotiates survival plans, people familiar with the matter said ... Branson’s residence in a Caribbean tax haven makes a bailout of the UK-born billionaire politically sensitive.

Virgin Atlantic favours US hedge fund for rescue cash

Independent online (SA) 01 Jul 2020
The US hedge fund has emerged as the favored funding provider, ahead of an alliance of Elliott Management and U.K. investment firm Greybull Capital, according to the people, who asked not to be named as talks are private ... Branson’s residence in a Caribbean tax haven makes a bailout of the British-born billionaire’s businesses politically sensitive.

The fraud of brokers that use binary options as a facade and the FBI alert

OBN 13 Jun 2020
Photo. Shutterstock. In 2017 the FBI had already posted a very clear warning about binary options being used by websites and apps to deceive and steal customers ... How does the coup take place? ... Confiscation of deposits ... Starting a business in Cyprus, the Caribbean, a tax haven or an island in the middle of nowhere is a relatively simple process ... ....