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10th February 2020

Belgian prince investigated in alleged global tax evasion network probe

An investigation has been opened targetting Belgian Prince Henri De Croÿ’s alleged tax evasion network, which he is accused of using to help funnel millions in funds into tax havens. Finance Minister Alexandre de Croo confirmed that the Special Tax Inspectorate (ISI) was building up files on taxpayers whose names… Read More

30th July 2019

UBS Whistle-Blower Hunts Trillions Hidden in Treasure Isles

John Christensen called Jersey home. A native of the scenic isle off England’s southern coast, he was a government economist with a hillside villa that had views of France. “I was set,” Christensen said last month in an interview at a London cafe. “We had a pretty good lifestyle and… Read More

17th December 2018

Spanish prosecutors file tax evasion charges against Shakira

AP — Spanish prosecutors have charged pop music star Shakira with tax evasion, alleging she failed to pay more than 14.5 million euros ($16.3 million) between 2012 and 2014. The Colombian singer denied the charges. The charges published Friday allege that Shakira listed the Bahamas as her official residence for… Read More

30th May 2018

EU removes Bahamas, Saint Kitts and Nevis from tax blacklist

The Council of the EU has removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions, following commitments to remedy EU concerns. EU experts have assessed their commitments and the jurisdictions have now been upgraded from the blacklist (annex I) to the grey list… Read More

21st May 2018

EU set to remove Bahamas, St Kitts from tax haven blacklist

European Union finance ministers are set to remove the Caribbean islands of the Bahamas and Saint Kitts and Nevis from an EU list of tax havens next week, EU documents show. The two islands had been included in the blacklist in March as their tax rules and practices were deemed… Read More

21st December 2017

Bahamas ‘too eager to be led to slaughter’

By Neil Hartnell, Tribune 242 The Bahamas is “too eagerly being led to the slaughter” over the introduction of corporate income tax, a former finance minister blasted yesterday. James Smith, also a former Central Bank governor, told Tribune Business that the Government was “kowtowing” to the European Union (EU) and… Read More

14th December 2017

Bahamas ‘shooting itself in foot … going beyond AML standard’

By Neil Hartnell, Tribune 242 Fears were raised again yesterday that the Bahamas could be “shooting ourselves in the foot” by including general and captive insurers within its anti-money laundering regime. Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) chairman, urged the Government to provide the “benchmarking” studies and data to… Read More

13th November 2017

Paradise Papers: Shakira, Justin Timberlake, Nicole Kidman – celebrities emerge

By Scilla Alecci, ICIJ From film stars to famous manga artists, journalists working on the Paradise Papers investigation have followed the money to cities where the streets do have names – and where local authorities, in at least one case, were asking questions. Files from the Maltese corporate registry revealed… Read More

6th November 2017

Paradise Papers: EU to discuss tax havens blacklist

By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More

7th October 2016

After disclosure on Bahamas tax havens, UN experts urge governments to take action

In the wake of the recent disclosure of leaked Bahamas tax haven data, United Nations human rights experts today urged governments to work together on liquidating offshore tax avoidance and establishing tougher financial regulations. In a news release, Juan Pablo Bohoslavsky, the UN Independent Expert on foreign debt and human… Read More

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