Offshore finance
OECD tax reform a 'failure': Tax Justice Network
The Organisation for Economic Cooperation and Development (OECD) has failed in its efforts to reform the international tax system despite several deals in recent years, the Tax Justice Network said yesterday, calling for the United Nations to take over responsibility.
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Four People have been Accused in the Nexo Case, Witnesses have requested Protection
Four people have been brought in as defendants in the pre-trial proceedings for the activities of the Nexo crypto platform. This was stated by the chairman of the National Investigation Service, Borislav Sarafov.
US, Turkey agree on transition to multilateral OECD-G20 framework
The U.S. and Turkey announced on Nov. 22 an agreement on the transition from existing Digital Services Tax to a new multilateral solution agreed by the OECD-G20 inclusive framework.
Pandora Papers Reveal Second Serbian Minister’s Hidden Offshore
After the Serbian investigative media outlet KRIK published confirmation of claims that Serbia's Finance Minister, Sinisa Mali, owned a portfolio of property in Bulgaria bought through secretive offshore companies, it has reported that the "Pandora Papers" also shed light on the hidden business activities of another Serbian minister - Novica Toncev, minister for developing poor municipalities.<
Pandora Papers Leak Is Part of Biden's Plans to Fight Corruption - Russia's Foreign Ministry Spokeswoman
Russian Foreign Ministry spokeswoman Maria Zakharova pointed out Washington's plans to make fighting corruption a key national security task, commenting on the publication of the Pandora Papers - a massive leak of millions of documents about offshore bank accounts of world's lead politicians and celebrities.
Democracy Digest: Taxing Times for Central Europe
The G7, which is holding its annual summit this weekend in a Cornish resort in the UK, gave the effort a boost last week when it issued a joint statement on how revamping the global corporate tax structure should proceed. But Hungarian Prime Minister Viktor Orban this week called the idea "absurd" and said he would not support it.
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The Biggest Facilitators of Global Tax Abuse (infographic)
The Cayman Islands is responsible for the largest global tax losses
EU to give Turkey more time to avoid tax blacklisting, sources say
European Union diplomats have reached a preliminary agreement to give Turkey more time to meet tax transparency requirements, two diplomatic sources said, in a move that could weaken the bloc's blacklist but at the same time avoid a new clash with Ankara.
7.7 quake hits between Cuba and Jamaica, but no injuries
A powerful magnitude 7.7 earthquake struck in the Caribbean Sea between Jamaica and eastern Cuba on Jan. 28, shaking a vast area from Mexico to Florida and beyond, but there were no reports of casualties or heavy damage.
Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore
European Union taxpayers held assets worth at least $1.6 trillion offshore in 2016, equal to nearly 10 percent of the bloc's output, the European Commission said on Friday, estimating tax revenue losses at around $50 billion a year.