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Category Archives: Making Poverty Reality

Liechstensetin: The UK has no reason to be smug

19-Feb-08

Just in case anyone is feeling smug about Germany’s problem with Liechtenstein, remember this: the UK operates a ring fence so that it is a tax haven, just as Liechtenstein does.
We call it the domicile rule.
And it is as unacceptable as the rule that makes the Liechtenstein foundation tax free in that country.
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Also filed in Domicile | | Comments (2) »

KPMG: tax haven promoter

18-Dec-07

KPMG have issued a report saying:

Cyprus, Ireland, and Switzerland are the top three countries in a league table of European tax systems, compiled by KPMG International, in which major business organizations across Europe assessed the attractiveness of their domestic tax regimes.

This was based on:
more than 400 interviews of tax professionals in multinational companies across Europe. […]

Also filed in KPMG, Tax Havens, Tax management | | Comments (1) »

Switzerland: Making Poverty Reality

18-Dec-07

Swissinfo has reported:

The 300 wealthiest people in Switzerland have assets totalling a record SFr625 billion ($571 billion) - over a quarter of the country’s gross domestic product (GDP).

It’s true that the rich just get richer in tax havens. But it’s also true that three things follow:
1) Local people do get poorer. They pay the taxes […]

Also filed in Tax Havens | | Comments (0) »
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