Glencore plans to reduce the number of subsidiaries based in so-called tax havens as the commodities giant seeks to improve transparency.
The US is the world’s second-largest tax haven, behind Switzerland and just ahead of the Cayman Islands, according to a report.
Companies including Apple, Microsoft and Wal-Mart are parking cash in offshore tax havens to reduce their US tax burden, according to a study published by Oxfam.
Rhiannon McCluskey, researcher at the International Centre for Tax and Development, looks at why African governments should tax the wealthy. This article originally appeared in The Conversation Africa.
The number of wealthy foreigners benefiting from a 150-year old Swiss tax break declined in 2014 for the first time since 1999, amid a debate whether to abolish the regime.
Nearly a third of Britain's billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday.
Namibia has criticised its listing on a new European Union blacklist of tax havens as unjust and biased, blaming the status on missing a deadline to comply.
Uniform and effective global strategies are needed to address tax avoidance, says Finance Minister Pravin Gordhan in his ten-point plan to tackle the scourge.
How the rich are using tax havens to hide their wealth in offshore accounts, leading to inequality and leaving the poor worse off.
The use of global tax havens has allowed a third of top corporations in Australia to pay less than 10% tax, according to a study.
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