$1M vs $10B: The Terrifying Cost of Absolute Independence
#Billionaires #OffshoreFinance #Geopolitics #WealthStrategy #TaxHavens #Sovereignty #EconomicAnalysis #FinancialFreedom
#taxhavens — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #taxhavens, aggregated by home.social.
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Keeping billionaires and the taxman happy | Letters
By Guardian StaffStephen Gillian says the super-rich could help guarantee a decent wage for low-paid people in return for some tax benefits. Plus letters from Les Bright and Steve Brown
https://www.theguardian.com/news/2026/sep/22/keeping-billionaires-and-the-taxman-happy
#Thesuperrich #JimRatcliffe #Taxandspending #Pay #Workcareers #Politics #Taxhavens #UKnews #BBC #ManchesterUnited #TheGuardian #GuardianStaff
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‘It’s unrecognisable’: How being a tax haven has changed Jersey.
While global billionaires and multinational companies have been lured to its shores, many islanders feel left behind and priced out, with food bank use increasing.
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‘It’s unrecognisable’: How being a tax haven has changed Jersey
By Kalyeena Makortoff in JerseyWhile global billionaires and multinational companies have been lured to its shores, many islanders feel left behind and priced out, with food bank use increasing
#Jersey #Taxhavens #Thesuperrich #ChannelIslands #Europe #UKnews #Worldnews #TheGuardian #KalyeenaMakortoffinJersey
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$1M vs $10B: The Terrifying Cost of Absolute Independence
#Billionaires #OffshoreFinance #Geopolitics #WealthStrategy #TaxHavens #Sovereignty #EconomicAnalysis #FinancialFreedom
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If you can't oppose something outright, no problem, just drag your feet.
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“It’s completely unacceptable that following the money is still so hard, and it is a flagrant breach of their agreement with the British government.”
#TaxEvasion #MoneyLaundering #TaxHavens #UKPolitics
‘A mockery’: how offshore tax havens are thwarting the UK’s transparency push | Tax havens | The Guardian
https://www.theguardian.com/world/2026/aug/26/offshore-tax-havens-uk-transparency-registers-alleged-money-laundering -
‘A mockery’: how offshore tax havens are thwarting the UK’s transparency push
By Rob DaviesCritics say ownership registers are too costly and too complicated, scuppering attempts to expose alleged money laundering
#Taxhavens #Worldnews #Taxavoidance #Business #UKnews #CaymanIslands #USnews #BritishVirginIslands #Americas #Caribbean #Financialsector #TheGuardian #RobDavies
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Trump Threatens 100% Tariff on French Wine Over Big Tech Tax Bill
Image: Rawpixel – U.S. Department of Agriculture Threatening a $2 billion wine…
#dining #cooking #diet #food #mediterranean #MediterraneanDiet #MediterraneanFood #FrenchWine #Frenchwine #MediterraneanWine #digitalservicestax #francais #france #French #Frenchsoil #frenchwine #PresidentMacron #presidenttrump #taxhavens #Wine
https://www.diningandcooking.com/2752214/trump-threatens-100-tariff-on-french-wine-over-big-tech-tax-bill-2/ -
Trump Threatens 100% Tariff on French Wine Over Big Tech Tax Bill
Image: Rawpixel – U.S. Department of Agriculture Threatening a $2 billion wine industry over a $700 million tech tax reveals the br…
#dining #cooking #diet #food #Frenchwine #FrenchWine #MediterraneanWine #digitalservicestax #francais #france #French #Frenchsoil #frenchwine #PresidentMacron #presidenttrump #taxhavens #Wine
https://www.diningandcooking.com/2752214/trump-threatens-100-tariff-on-french-wine-over-big-tech-tax-bill-2/ -
Trump Threatens 100% Tariff on French Wine Over Big Tech Tax Bill https://www.diningandcooking.com/2752214/trump-threatens-100-tariff-on-french-wine-over-big-tech-tax-bill-2/ #DigitalServicesTax #francais #france #French #FrenchSoil #FrenchWine #PresidentMacron #PresidentTrump #TaxHavens #Wine
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@RickiTarr Get rid of #TaxHavens and they won't have any place to go! Well, except maybe Mars.
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https://www.europesays.com/uk/1075394/ 10 Years After Brexit, Is the UK Brain Drain Real? #Brexit #Britain #EU #Europe #European #EuropeanUnion #GreatBritain #InternationalMobility #outmigration #TaxHavens #UK #UnitedKingdom
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"Lured by tax breaks and a culture of gentle persiflage, giants such as Google, Meta, Apple, Microsoft, OpenAI, TikTok and X all established their European headquarters in Ireland. The EU’s “country of origin” principle determines that the country that hosts a company’s European HQ is the country responsible for regulating it across the EU. This legal quirk has turned the Irish data protectioncommission (DPC) into Europe’s primary watchdog for the tech sector: Ireland pushed to make this happen as council president in 2013.
The effects of this arrangement are staggering. The DPC’s chairperson recently admitted that apart from “amicable resolutions” on trivial issues, Ireland has not completed a single EU inquiry into Google or any of its subsidiaries in the 10 years since the GDPR was enacted. EU-wide protections are paralysed because every other member state must wait for Ireland to act in an EU-wide response.
When the DPC has enforced against big tech firms, it has done so poorly and under duress from other European regulators. It did move with uncharacteristic speed in one instance, against Elon Musk’s Grok AI, but then accepted a settlement that appears to have collapsed. Ireland’s media regulator, Coimisiún na Mean, enjoys a better reputation but has far weaker powers. For a decade now, Ireland has held open the regulatory back door that allows giant US and Chinese companies to operate with impunity across Europe. It has become not only a tax haven, but a haven from regulation.
The economic dependency is stark. Three US firms accounted for almost half of Ireland’s corporate tax revenue in 2024. In 2022, Ireland collected almost five times more corporate tax per person than France or Germany. You may admire a once small, poor and un-industrialised country for having won the race to the bottom and becoming rich. But the consequences have been grim..."
#EU #Ireland #USA #BigTech #Oligopolies #TaxHavens #DigitalSovereignty
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Spain removes Gibraltar from its tax haven blacklist, adds Russia.
The Spanish Ministry of Finance has updated its list of non-cooperative jurisdictions, removing Gibraltar after 35 years and adding Russia, in line with the European Union's position.
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“Research by Canadians for #Tax Fairness estimates that Canada’s largest #corporations and #wealthiest individuals have at least $682 billion stashed in #taxhavens, a 165 percent increase since 2014.” canadiandimension.com/articles/vie... #CRA #Canada #cdnpoli #cdnecon
Cutting CRA experts won’t save... -
…Some companies using #TaxHavens to avoid #US income tax rely on #FederalFunding for their profits. #ThermoFisherScientific, the scientific equipment maker, cut its taxes by $3.5 billion last year via Malta. #Honeywell, which received over $30 billion in #Defense Dept contracts over the past decade, used Swiss units to cut its tax rate by more than a quarter — or $301 million — last year.
#law #plutocracy #Trump #billionaires #corporations #TaxDodging #CorporateTax #business #economy #IRS #SEC
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#TaxHavens became more appealing after #Trump signed an order on his first day back in office withdrawing the #US from a 13-year international effort to end such schemes. The effort led to dozens of countries imposing a minimum #CorporateTax & rules for pursuing companies using tax havens. After #House #Republicans passed #legislation last year targeting some of those countries with a new tax, international officials agreed to exempt US companies from much of the crackdown.
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This is what he’s talking about when he says he’s cut taxes:
#Trump Has Allowed #Corporations to Skirt at Least $40 Billion in #Taxes
#TaxHavens became more appealing after Trump signed an order over a year ago to withdraw the #US from an international effort to end such schemes.
#law #plutocracy #criminal #billionaires #TaxDodging #TaxShelters #CorporateTax #business #economy #IRS #SEC
https://www.nytimes.com/2026/05/29/business/economy/offshore-tax-havens-trump.html?unlocked_article_code=1.mFA.sFke.xRS1hemEGeWv&smid=nytcore-ios-share -
@EUCommission that is at least a tiny bit, but not nearly enough. Close #Taxhavens , kick out #SurveillanceTech, abandon the #AIDatacenter #bullshit and we'll have plenty to do useful stuff for people who would like to live together in the #EU
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"Revised EU law now dictates that anyone who can demonstrate a “legitimate interest” in a company’s ownership, including journalists, should be able to get the data they need. But with each member state enforcing its own set of often opaque rules, the reality is an arduous slog. In many countries, reporters must justify their interest on a case-by-case basis, battling different application portals, obscure bureaucratic inboxes, nationality requirements, and burdensome demands for justification, such as Ireland requiring evidence of criminal proceedings against the requested company, or the Czech Republic demanding a judicial order.
In theory, this mess should soon be cleaned up. By July, the European Commission is requiring EU member states to adopt a common set of standards that clarify what exactly counts as “legitimate interest,” and to grant journalists, civil society organizations, and other groups generalized access that doesn’t require repeated permission-seeking.
But with just months to go, the Commission has yet to even issue the guidance for how the new system is supposed to work.
“Until the European Commission issues a standard template on how legitimate interest access should work in practice, the implementation deadline will likely be delayed,” said Hugh Jorgensen, Programme Lead on Corrupt Money Flows at Transparency International, an international watchdog group that has long advocated for greater corporate transparency. "
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Oxfam Reveals Trillions in Untaxed Wealth Widening Global Inequality
📰 Original title: Trillions Hidden, Humanity Starving: The Super-Rich vs. the Rest of Us
🤖 IA: It's clickbait ⚠️
👥 Usuarios: It's clickbait ⚠️View full AI summary: https://killbait.com/en/oxfam-reveals-trillions-in-untaxed-wealth-widening-global-inequality/?redirpost=28d86539-39b1-4ff9-8df7-e9dd1671dc1d
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Oxfam Reveals Trillions in Untaxed Wealth Widening Global Inequality
📰 Original title: Trillions Hidden, Humanity Starving: The Super-Rich vs. the Rest of Us
🤖 IA: It's clickbait ⚠️
👥 Usuarios: It's clickbait ⚠️View full AI summary: https://killbait.com/en/oxfam-reveals-trillions-in-untaxed-wealth-widening-global-inequality/?redirpost=28d86539-39b1-4ff9-8df7-e9dd1671dc1d
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“The amount of untaxed wealth hidden offshore by the richest 0.1 percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people), according to a new Oxfam analysis published on April 2, 2026, ahead of the 10th anniversary of the Panama Papers.
The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.
An amount of $3.55 trillion in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024, according to Oxfam’s estimates. “This sum exceeds the GDP of France and is more than twice the combined GDP of the world’s 44 least developed countries,” a statement by Oxfam noted.“
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Untaxed wealth of the top 0.1% eclipses assets of the poorest half of the world
The amount of untaxed wealth hidden in offshore tax havens by the world’s richest 0.1% exceeds the collective…
#NewsBeep #News #Space #inequality #poverty #Science #TaxEvasion #Taxhavens #Taxes #UK #UnitedKingdom #wealth
https://www.newsbeep.com/uk/510850/ -
https://www.europesays.com/ie/416633/ Untaxed wealth of the top 0.1% eclipses assets of the poorest half of the world #Éire #IE #inequality #Ireland #poverty #Science #Space #TaxEvasion #TaxHavens #Taxes #wealth
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https://www.europesays.com/ch/38671/ A Swiss Bank Meets Its End, Accused of Laundering Iranian Cash #BankSupervision #InternationalBanking #liquidation #MoneyLaundering #NonUSSecuritiesRegulation #Swiss #Switzerland #TaxHavens #TerrorFinancing
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Met a guy in the street that was French...I mentioned Ray and his cyst, as it is an entry vector for me to do my 'little Lord Fauntleroy is an #anticapitalist' bit and mentioned the vc purchase of vets.
He told me in #france the government breaks this type of market manipulation by buying a big enough stake in the affected industries to push the prices down.
And mentioned something that seems germane to the #epsteinFiles it started with two things in the 80s
#taxHavens and digitalization of money -
Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected]Pluralistic: The world needs an Ireland for disenshittification (17 Jan 2026)
https://web.brid.gy/r/https://pluralistic.net/2026/01/17/erin-lets-go/
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected]Pluralistic: The world needs an Ireland for disenshittification (17 Jan 2026)
https://fed.brid.gy/r/https://pluralistic.net/2026/01/17/erin-lets-go/
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US will be exempt from global tax deal targeting profits of large multinationals https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies #GlobalEconomy #Oecd #TaxHavens #TrumpAdministration #Business #G7 #UsNews #CorporateGovernance
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"[t]he Delaware-based company that founded this experimental town in 2017 has raised $120 million in investments — including from venture-capital funds backed by the Silicon Valley billionaires Peter Thiel, Sam Altman and Marc Andreessen — to transform the territory, about twice the size of Monaco, into the most developed start-up city in the world. Built in a semiautonomous jurisdiction known as a ZEDE (a Spanish acronym for Zone for Employment and Economic Development), Próspera is a private, for-profit city, with its own government that courts foreign investors through low taxes and light regulation. Businesses can choose a regulatory framework from a menu of 36 countries or customize their own.
A California company offers a Montessori education for approximately 60 students. Security is provided by a private firm of armed guards. An arbitration center staffed by three retired Arizona judges handles dispute resolution. (In order to enter the jurisdiction, I was told I needed to sign an “agreement of coexistence” binding myself to 4,202 pages of rules, violations of which would be subject to the jurisdictional authority of the arbitration center.)"
#Crypto #Crytpocurrencies #Bitcoin #TaxHavens #Honduras #Cyberlibertarianism #Prospera
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected]
Pluralistic: Meta's new top EU regulator is contractually prohibited from hurting Meta's feelings (01 Dec 2025)
https://web.brid.gy/r/https://pluralistic.net/2025/12/01/erin-go-blagged/
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected]Pluralistic: Meta's new top EU regulator is contractually prohibited from hurting Meta's feelings (01 Dec 2025)
https://fed.brid.gy/r/https://pluralistic.net/2025/12/01/erin-go-blagged/
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World leaders: take back our billions
Every year, the world loses nearly $350 billion in public funds because huge multinationals hide their profits in tax havens, that means we're losing the monthly salaries for a nurse and school teacher combined, every second.
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Wishful thinking
https://www.blipfoto.com/entry/3430316933180817667
#blip of four #ATTAC multi-milliard bank notes
#blipfoto #gimp #rawtherapee #Photography #TaxTheRich #taxevasion #money #milliardaires #taxhavens
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CW: U.K. politics, free zones
If you are a UK resident please sign this petition, there is plenty of evidence that past similar zones have simply resulted in business profits with little long term job creation or benefit to the local community.
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"The broader point is this: offshore finance allows elites to insulate themselves from the risks of weak governance without having to fix it themselves. Rather than push for judicial reform, more transparent institutions, or limits on executive power, they can arbitrage the rule of law. They don’t need better laws at home if they can choose better ones abroad.
Because not everyone gets to play the offshore shell game, we then have a bifurcated legal system between economic elites and everyone else. And that doesn’t just suck normatively. It’s empirically damaging. Rule of law is one of the strongest correlates with economic growth.
These potentially debilitating political effects of offshore finance are the main reason I decided to spend the last 10 years studying how oligarchs resolve their legal troubles abroad. But I’m certainly not the only one to think this matters. mentions this potential de-democratizing effect in his monumental book on global inequality, while Katharina Pistor postulates an analogous logic in her legal scholarship. Sharafutdinova and Dawisha focus on Russian use of the London legal system to draw out these conclusions.
As often happens with emerging ideas, several of us were running down the same track from different academic angles. None of us can be sure we’re right. It is very hard to assess the effects of the rise of tax havens on something as broad as liberal political development. But the clearest test I’ve seen comes from Maxim Ananyev. He shows that more offshore wealth correlates with future weakening of democracy levels."
https://thepriceofpower.substack.com/p/why-arent-the-rich-fighting-against
#TaxHavens #TaxEvasion #Offshores #Billionaires #RuleOfLaw #Democracy
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@theferret
"how international wealth flows through Scotland, and how it shapes our politics, public finances, and land and property ownership..." another reminder that wealth doesn't trickle down #taxhavens