Panama strengthens tax laws – are tax havens coming to an end?

Friday 27th September 2019

Despite being most famous as tax haven for the super-rich,  Panama has been changing its ways of late. Just a few weeks ago, we wrote about how the country had teamed up with France, one of the leading global powers in the fight against tax fraud by signing a landmark bilateral deal. Since then, there… [continue reading]

Will tax reforms finally end Panama’s ‘tax haven’ reputation?

Tuesday 3rd September 2019

Panama, occasionally referred to as the Bridge of the Worlds, is well known as a tax haven. In fact, the nation has had a reputation for tax avoidance & evasion dating back at least as far as the early 20th century, and has been cited repeatedly in recent years as an uncooperative jurisdiction with international… [continue reading]

Swiss tax haven crackdown continues as ‘tax havens’ tighten up on compliance

Monday 13th May 2019

Switzerland, a country considered by many as a tax haven, has certainly been taking a tougher stance on tax fraud. In fact, the country seems to be part of a much larger trend of nations that were previously considered as tax havens finally changing their ways. Any recruiters looking to place contractors in Switzerland, an increasingly… [continue reading]

Panama tax law change outlaws tax evasion for the very first time

Monday 25th February 2019

Panama, often considered to be one of the world’s premier tax havens, and origin of one of the largest evasion scandals in recent memory, has been making the news once again, but this time, for positive reasons. Recent reports suggest that Panama seems to finally be falling in line with global tax regulations. According to… [continue reading]

Global tax evasion inquiry set to launch

Friday 23rd February 2018

As the clampdown on global tax evasion intensifies, the EU parliament has committed to launching a special committee to tackle international financial fraud. Currently known as Taxe 3, this group will be responsible for a 12-month enquiry into existing tax issues across the bloc. Taxe 3 Made up of 45 MEPs, the Taxe 3 committee… [continue reading]

Exposing tax havens: how this secretive world is losing its veil of mystery

Thursday 30th November 2017

Gone are the times when multinationals could utilise tax havens without scrutiny. We’ve had the Panama Papers, the Paradise Papers and many more leaks, and there will be others to follow. The fact of the matter is, authorities, investigative journalists and even the general public have set their sights on tax havens and this secretive… [continue reading]

The Paradise Papers: What you need to know

Monday 13th November 2017

In arguably the biggest leak of financial information since the Panama Papers, last week saw news of the Paradise Papers hit headlines. Obtained by German newspaper Süddeutsche Zeitung, the documents were shared with the International Consortium of Investigative Journalists (ICIJ) who have since uncovered a number of intricate off-shore schemes being used by high-profile and high-net-worth… [continue reading]

German spy faces defeat by the taxman

Friday 6th October 2017

He may have negotiated with terrorists and infiltrated crime groups, but according to recent reports, it would appear that Germany’s real-life James Bond has finally met his match in an opponent that is rather more familiar to us all: the taxman. 007 meets his match Werner Mauss is a self-made secret agent who began his… [continue reading]

Tax evasion investigations are going global

Tuesday 11th July 2017

Anyone with knowledge of the global taxation arena will know that the fight against evasion has increased substantially in recent years. In fact, new figures released by law firm, Pinsent Masons, have revealed the true extent and have shown that UK tax investigations are going global. HMRC ups the ante According to a study by… [continue reading]

Iceland has ‘declared war’ on tax evaders

Friday 7th July 2017

Iceland has had a major problem with tax evasion in recent years. Not only has the country lost between 3% and 7% of its total GDP over the last 30 years to non-compliance, but the Panama Papers leak also revealed that its former Prime Minister, Sigmundur Gunnlaugsson was concealing millions of pounds offshore, not exactly… [continue reading]