Tag #Tax Avoidance

Showing 13 to 22 of 22 results

nbcnews.com
🌐 85% Global Worthiness
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High-Net-Worth Investors Use Insurance to Mitigate Private Credit's Tax Burden

The private credit market's explosive growth, from \$1 trillion in 2020 to \$1.5 trillion in 2024, is prompting high-net-worth investors to use insurance products like IDFs and PPLIs to offset high tax burdens on returns, but potential legislation threatens this strategy.

Progress

60% Bias Score

Reduced Inequality
lexpress.fr
🌐 85% Global Worthiness
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France Passes Wealth Tax on Richest 0.01%

France's National Assembly approved a bill implementing a minimum 2% wealth tax on the wealthiest 0.01% of taxpayers, aiming to generate €15-25 billion and address wealth inequality, despite government opposition fearing capital flight.

Progress

52% Bias Score

Reduced Inequality
nos.nl
🌐 90% Global Worthiness
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US Withdrawal from Global Minimum Tax Agreement Threatens International Cooperation

President Trump's decision to withdraw the US from the global minimum tax agreement, designed to prevent corporate tax evasion through a 15% minimum tax rate across 139 countries, threatens international cooperation and may initiate trade conflicts and higher prices globally.

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Bezos's Florida Move Saves an Estimated $1 Billion in Taxes

Jeff Bezos relocated from Washington to Florida in late 2023, avoiding an estimated $1 billion in state capital gains taxes on $13.6 billion in Amazon stock sales this year, highlighting the impact of differing state tax policies on the ultra-wealthy.

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australia Implements 15% Global Minimum Corporate Tax

Australia joined over 135 countries in implementing a 15% global minimum corporate tax on companies with over \$1.2 billion in revenue, aiming to curb tax avoidance strategies like related-party financing and transfer pricing used by multinationals such as Chevron and BHP.

Progress

44% Bias Score

kathimerini.gr
🌐 65% Global Worthiness
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Greece Unveils Tax Incentives to Boost Capital Market

Greece's new bill to strengthen its capital market includes tax incentives such as a 100% deduction (capped at €200,000) for SMEs listing on the Athens Exchange and a reduced tax rate on listed corporate bonds (from 15% to 5% for Greek residents) to accelerate market growth.

Progress

8% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 85% Global Worthiness
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French Billionaires Avoid Income Tax Through Family Holding Companies

New research reveals that despite France's high overall tax burden, its billionaires effectively avoid income tax due to the untaxed nature of dividends from family holding companies; this situation, while costing the state a negligible amount, highlights a significant loophole and points to the nee...

Progress

52% Bias Score

Reduced Inequality
english.elpais.com
🌐 85% Global Worthiness
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Spain Reclaims €502 Million in 2023 from Wealthy Tax Evaders

The Spanish Tax Agency recovered €502 million in 2023 from almost 1,000 audits targeting wealthy individuals using sophisticated tax evasion schemes, including billing personal expenses through companies and using offshore accounts; since 2018, over €2.98 billion has been recovered.

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Nvidia CEO Avoids Billions in Estate Taxes Through Legal Loopholes

Jensen Huang, Nvidia's CEO, employed legal strategies, including trusts and charitable donations, to minimize his family's estate tax liability, potentially avoiding billions in taxes, showcasing how the ultra-wealthy leverage legal loopholes to reduce their tax burden, while government revenue from...

Progress

68% Bias Score

Reduced Inequality
theguardian.com
🌐 % Global Worthiness
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Australia's Corporate Tax Transparency Report: A Mixed Picture

Analysis of Australia's corporate tax transparency report, highlighting record tax revenue alongside concerning tax avoidance by numerous companies.

Progress

0% Bias Score

Showing 13 to 22 of 22 results