Vanuatu: Vanuatu Citizenship And Taxes 2020
Guidance to get a passport in Vanuatu for 2020. ... - Continue reading
Category: Vanuatu
Citizenship of the Republic of Vanuatu and its advantages
The Republic of Vanuatu is a group of islands in the Pacific. The country exists by growing fruits, fishing, and tourism. In 2016, the government introduced the program of achieving local citizenship through investment to increase the flow of external finance. Foreign businessmen want to get a second passport in… – Continue reading
Crypto Islands as Double Offshore
There is a small island in the Caribbean … You immediately imagine relaxation, a beach, palm trees. However today in these small areas a really big crypto history is being created. The crypto business is increasingly mastering the jurisdiction of “dwarf” states, such as Cyprus, Malta, Gibraltar, The Republic of… – Continue reading
Vanuatu Government says income tax would help pay for vital services
The Vanuatu Government says it’s considering introducing an income tax to broaden its revenue base to help pay for vital public services. A government spokesperson John Sala says a government analysis has indicated a 17 percent income tax rate could apply to those earning more than 750 thousand vatu or… – Continue reading
OECD to report on countries’ non-compliance in tax transparency
At the recent G20 meeting in China, finance ministers stressed their support for greater tax transparency, calling for a report from the OECD on the implementation of automatic exchange of information before the end of the year, and stating that by July 2017 it wants a list of non-compliant jurisdictions… – Continue reading
Global Tax Update – June 2016
Asia Pacific The January – March edition of tax highlights for the Asia Pacific region highlights industry developments from Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia and Singapore including: Australia’s new tax system for Managed Investment Trusts The final stage of China’s B2V reform to be rolled out from… – Continue reading
Panama Papers : Panama commits to automatic exchange of tax data
Global economic body OECD today said Panama, along with few other jurisdictions, has committed to the internationally accepted norm of “automatic” sharing of financial and tax data with other countries, a development coming in the backdrop of the ‘Panama Papers’ offshore assets leaks where at least 500 Indian names have… – Continue reading
Vanuatu to comply with OECD Global Forum by 2018
The Vanuatu government says it will complete its obligations to the OECD Global Forum on Tax Information Exchange Agreement by 2018. It said earlier governments had made a commitment to do so as far back as 2009 but it had never happened. The Global Forum, which has 133 members, is… – Continue reading
The World’s Favorite New Tax Haven Is the United States
Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes…. – Continue reading
Previewing US Tax Reform
The latest Tax Reform Business Barometer survey, issued by The Tax Council and Ernst & Young, found that tax professionals expect Congress to approve tax reform legislation no earlier than 2017, with most congressional leaders having all but given up hope that tax reform is achievable in the remainder of… – Continue reading
‘Dr Ageless’, Shane Charter, chasing missing millions in Cayman Islands
EXCLUSIVE The self-styled biochemist known as “Dr Ageless”, Shane Charter, appears to have shrugged off the Essendon supplements scandal and is pursuing a new business venture — chasing more than $11 million hidden in offshore tax havens by notorious conman Peter Foster. Mr Charter has been negotiating for several months… – Continue reading
Motor racing legend Alan Jones linked to serial conman Peter Foster
Australian motor racing legend Alan Jones has become embroiled in the collapse of an online gambling company operated by notorious conman Peter Foster which owes $11.5 million to about 150 investors. The 69-year-old former winner of the Formula One Drivers’ Championship was named in a writ to be lodged in… – Continue reading
Victims of conman Peter Foster hunt missing millions
Exclusive More than 100 victims of notorious conman Peter Foster have moved to freeze funds held in offshore tax havens after more than $10 million was siphoned from his online gambling company Sports Trading Club. Fairfax Media can reveal Foster and at least eight associates have been served with freezing… – Continue reading
D.C. Made A Change To Its Tax Law, And Caribbean Countries Aren’t Happy About It
Faced with outrage from over a dozen otherwise placid Caribbean nations, D.C. officials are backtracking on a plan to openly call out countries it says allow big U.S. businesses to skip out on paying local taxes. At issue is a change to existing tax law made through the 2016 D.C…. – Continue reading
British taxpayers fork out £45m in foreign aid to paradise islands that charge NO TAX
BRITISH taxpayers forked out £45million in foreign aid spending to countries classed as tax havens in just one year, it emerged today. Nations such as Belize, Marshall Islands, Seychelles and Vanautu – which are all included on a European Commission ‘blacklist’ of international tax havens – have all received cash… – Continue reading
UK aid money going to known tax havens
Millions of pounds of British aid money could have been given to known tax havens to fund public services The UK paid out £45m to 13 countries on the European Commission’s tax haven “blacklist” in 2013, according to a report in The Independent. The blacklisted countries that received British aid… – Continue reading
Big business avoids tax, yet wants to lower rate
One in five corporations with annual profits greater than $100 million paid no tax last year, the Australian Tax Office has revealed. Michael Cranston, one of the ATO’s deputy commissioners, revealed the figure to a Senate hearing into corporate tax avoidance. Corporations avoid paying tax by what is euphemistically called… – Continue reading
The NZ registered financial service provider that tells potential clients of NZ bankrupts ‘who still live in mansions & drive Ferraris owned by their trusts’
A small office shared with three other companies deep in the bowels of the Outsource IT Tower on Auckland’s Khyber Pass Road opposite a reservoir isn’t necessarily where you’d expect to find the global headquarters of a financial service provider that claims to be following in the footsteps of three… – Continue reading
EU blacklists Hong Kong as ‘non-cooperative tax jurisdiction’
Kenneth Leung (PC,F-Accountancy) explains what he – and the government – are doing to get Hong Kong off the EU’s undeserved blacklisting as a “non-cooperative tax jurisdiction”. Why has Hong Kong been placed on this list? There are ten European countries that have named Hong Kong as a tax haven…. – Continue reading
Timothy Charles Pratten found guilty of fraud, hiding millions from the ATO
Fraudster Timothy Charles Pratten has been found guilty on seven counts of obtaining a financial advantage by deception, in the Supreme Court of NSW in Sydney this week. Justice Stephen Rothman found Pratten, A 55-year-old insurance broker, failed to properly declare income of more than $5 million between 2003 and… – Continue reading
OECD backs Guernsey in fight against tax haven status
The OECD has backed Guernsey in its fight against tax haven status, describing the crown dependency’s inclusion on the European Commission’s list of top 30 non-compliant tax jurisdictions as “very surprising”. Monica Bhatia, head of the secretariat of the Organisation for Economic Cooperation and Development’s Global Forum on Transparency and… – Continue reading
EU tax haven list criticised as arbitrary
An academic who specialises in tax havens says a blacklist released by the European Commission last week is arbitrary and poorly constructed. Transcript An academic who specialises in tax havens says a blacklist released by the European Commission last week is arbitrary and poorly constructed. The list of 30 international… – Continue reading
Bahamas ‘unfairly dumped on’ with EU blacklisting
The Bahamas was yesterday “dumped on” through its inclusion on another so-called financial services ‘blacklist’, although an ex-Attorney General and others suggested the development should be taken “with a big grain of salt”, reports the Bahamas Tribune. John Delaney told Tribune Business that the European Union’s (EU) decision to ‘blacklist’… – Continue reading
St. Kitts-Nevis Among 30 Countries On EU’s Tax Evasion Blacklist
St. Kitts and Nevis is one of 30 countries placed on the European Union’s black list for not doing enough to fight tax evasion. The EU’s executive Commission published the list Wednesday (June 17). The blacklisted countries figure on at least ten of the EU’s 28 member nations’ lists of… – Continue reading
Cayman on new EU blacklist
Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax evasion, reports the Cayman News Service. “It is unfortunate that the EU black… – Continue reading
Bermuda named on EU tax haven list
The European Union: Labelled Bermuda as a tax haven Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance. The Island was one of 30 countries on the list published by the EU’s executive Commission today. “These tax… – Continue reading
EU releases tax haven blacklist
The European Union has published its first list of international tax havens as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc. The list of 30 territories includes Hong Kong and Brunei in Asia, Monaco, Andorra and Guernsey in Europe, and a series… – Continue reading
Those Gruelling U.S. Tax Rates: A Global Perspective
The Tax Foundation released its inaugural “International Tax Competitiveness Index” (ITCI) on September 15th, 2014. The United States was ranked an abysmal 32nd out of the 34 OECD member countries for the year 2014. (See accompanying Table 1.) The European welfare states such as Norway, Sweden and Denmark, with their… – Continue reading
Tax evasion by super rich hurts every Australian
We will probably never know their names, but one thing we do know – one in 20 of the richest people in Australia tried to evade paying their fair share of tax in recent years. By what authority do we know this? By none other than the Australian Taxation Office…. – Continue reading
New Luxembourg leaks reveal James Packer’s PBL in secret Swiss tax deal
A secret deal with the Swiss government negotiated by media group Publishing and Broadcasting Ltd when James Packer was chief executive set a tax rate of less than 2.15 per cent on PBL’s intra-company loans. “We do have good news for you!” Ernst & Young Swiss partner Markus Huber wrote… – Continue reading
Palau, Solomon Islands, Timor-Leste and Vanuatu recognized for reforms to drive business growth
SYDNEY (World Bank) — Palau, Solomon Islands, Timor-Leste, and Vanuatu are the Pacific economies that have implemented reforms to encourage business growth over the past year, according to a World Bank Group report measuring the ease of doing business in 189 economies across the globe. “Doing Business 2015: Going Beyond… – Continue reading
Betting against Australian bookies
Australians gamble more per capita than any other country in the world – and lose more too – so it’s no surprise that our gaming industry is getting flustered about the rivers of money flowing to the online black market. Tabcorp’s Paula Dwyer today called on the federal government to… – Continue reading
New style gambling proposed for Vanuatu
Reports from Vanuatu say an entertainment company with interests in China is to offer a new style of gambling to Vanuatu. The Daily Post Newspaper reports Amax International Holdings plans to offer live-dealer online gambling to high-rollers in the country. Amax is an investment holding company engaged in gambling and… – Continue reading
Offshore bookmaker Betjack investigated over alleged unpaid winnings
Racing authorities have launched an investigation into allegations offshore bookmaker Betjack is failing to pay punters their winnings. The move comes as Betjack, based in tropical tax haven Vanuatu, gears up ahead of the spring racing carnival by hiring more sales staff for its Australian call centre, located on the… – Continue reading
French national has Vanuatu citizenship revoked
A political advisor for the government of the former Vanuatu Prime Minister Moana Carcasses, French national Gilles Daniel, has had his Vanuatu citizenship revoked. Mr Daniel has already been deported from Vanuatu in 2005, but challenged his deportation, with the court ruling in his favour. The secretary of the Vanuatu… – Continue reading
