Tax haven

Greece exported in 2023 to the American Samoa "footwear with outer soles made of rubber, plastic material, natural or reconstructed leather and the upper part of textile materials" and "transmission shafts (including camshafts and crankshafts) and cranks," the Hellenic Statistical Authority (ELSTAT) informs us.

The government will next month submit to Parliament the new taxation framework with the establishment of a minimum tax rate of 15% for large multinational companies as well as large Greek groups.

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.

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.<

Delyan Peevski in parliament in Sofia in May 2013. Photo: EPA/STR.

During his time as a MP in 2013, Peevski was involved in three offshore companies which he has not declared, according to the massive leak of data to media from companies used by rich clients around the world to hide wealth in tax havens.

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.

The King of Jordan has amassed $ 100 million offshore. The Czech prime minister failed to declare a company through which he bought a mansion for 22 million. Financial activities of Putin's "unofficial propaganda minister" are revealed

Environmental movement Extinction Rebellion on Aug. 27 demonstrated in the heart of London against the financing of fossil fuel industries by lenders in the City, as part of two weeks of planned action.

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Several hundred people marched to the beat of drums through the centre of the financial district.

US President Joe Biden's tax plan has been accepted by 130 countries worldwide including India and China. These nations will implement a global minimum corporate tax rate and duties on multinational giants from 2023, the Organization for Economic Cooperation and Development (OECD) said.

The Group of Seven wealthy democracies agreed on June 5 to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.