Delaware still stands out for its emphasis on privacy, which garnered for it the label of world’s most secretive jurisdiction twice over the past decade -- once by the Tax Justice Network and another by National Geographic magazine.
The Treasury Department states, though, that under IRS regulation section §1.1471-1(b)(78), the agreement will not be treated as if it is in effect.
Baker Tilly rose three spots to No. 9 from its 2016 ranking, led by strong practice area rankings, leading employee benefits offerings and the quality of life it provides for its employees.
Panama-based law firm Mossack Fonseca is one of the world’s biggest creators of shell companies, but the United States is becoming one of the biggest tax havens in the world for people looking to evade taxes or hide money.
The term tax haven may evoke images of exotic locales, but Panama actually ranks as the 13th most attractive spot for hiding assets, while the US ranks third
These funds took in $301 billion in net new money last year, bringing their total assets to $4.8 trillion, a 6.5 percent growth rate over 2014.
The Canada Revenue Agency quietly turned 155,000 banking records over to the U.S. Internal Revenue Service during last fall’s election, without waiting for an assessment from Canada’s Privacy Commissioner or the outcome of a court challenge to