Attempts to stop some of the world’s biggest companies shifting profits across borders to avoid paying tax are “in peril” following Donald Trump’s definitive win in the US presidential election, experts said.
A global deal inked at the Paris-based OECD in 2021 was expected to raise the tax take from the world’s biggest multinationals by up to $US192 billion a year. Several countries – including EU member states, the UK, Norway, Australia, South Korea, Japan and Canada – partly introduced the pact this year.
Malta’s tax system, often labeled as a haven for foreign shareholders, has resulted in the wipeout of a staggering €1.3 billion in foreign tax revenue in 2022, which amounts to almost 8% of GDP.
Major European banks that continue to do business in Russia paid the government four times more in taxes in 2023 than in the year before Moscow launched its full-scale invasion of Ukraine, the Financial
International finance centres (IFCs) like Jersey have a crucial role to play in accelerating the pace and scale of the financing of global sustainable development objectives, according to a new report
Panama on Thursday lashed out at the European Union for keeping the country on its tax haven blacklist despite its efforts to crack down on tax evasion. President Jose Raul Mulino said he had asked