Latest News for: Offshore financial wealth

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Offshore investing - How to seamlessly transfer wealth to the next generation and beyond

Independent online (SA) 21 Oct 2021
To address long-term considerations such as generational wealth transfer and investment efficiencies, we designed an exclusive Offshore Funding Tool which is able to illustrate the financial outcomes of retaining investments in a trust structure for one or two generations, as ...
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Why poor nations remain poorThe world has never seen this level of amassing of wealth ...

Deccan Herald 20 Oct 2021
The revelation of names of national leaders, celebrities and billionaires in the Pandora Papers shows how they have used the services of 14 offshore providers to hide their wealth or pay less tax ... These cross-border financial flows are backed and facilitated by well-organised network of offshore tax havens that rely on intermediaries or ‘enablers’.
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Multi-Agency Group investigation on Pandora Papers begins, holds first meeting

Beijing News 19 Oct 2021
... entities have invested their wealth ... As per the ICIJ, as many as 380 Indians are on the list of the global elite who has been exposed for ring-fencing their wealth through the shadowy financial transaction and using offshore tax havens to hide assets worth millions of dollars.
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The Pandora Papers: Will the US Stop Hiding the World’s Dirty Money?

WhoWhatWhy 18 Oct 2021
However, the offshore financial system gets murky — and in some cases illegal — when an individual or company intends to hide their wealth from tax authorities, creditors, or criminal investigators ... wealth from taxation in their home countries using offshore financial schemes.
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A web of deceit

The News International 16 Oct 2021
The culprits are not just those who hide their ill-gotten wealth in offshore companies; they are also big banks, financial advisers, accountants and legal experts who help them set these up ... Land is not only a source of wealth but also a source of social and political power.
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Hywin Wealth Highlights Achievements in Growth of Asset Management Franchise

Eagle-Tribune 13 Oct 2021
These insights are drawn from Hywin’s role as a wealth manager with expertise across asset classes and across onshore and offshore ... HYW) is a leading independent wealth management service provider in China focused on providing asset allocation advisory services and comprehensive financial products to high-net-worth clients.
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Hywin Files Its Fiscal Year 2021 Annual Report on Form 20-F

Eagle-Tribune 12 Oct 2021
HYW), a leading independent wealth management service provider in China, today announced that it has filed its annual report containing its audited consolidated financial statements for the fiscal year ended June 30, 2021 on Form 20-F with the Securities and Exchange Commission (the "SEC") on October 12, 2021 Eastern Time.
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Wealth defense industry spends millions to hide trillions

People's World 12 Oct 2021
“The wealth defense industry says what they’re doing is legal,” including the secret tax haven banks and the law firms which set up the shady accounts for the rich, Collins explained in an interview with People’s World ... Disclosures of wealth hidden in shell companies, offshore bank accounts and tax havens are important to workers.
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The Irish Times view on the Pandora Papers: bringing the wealth ashore

The Irish Times 08 Oct 2021
The Pandora Papers’ reports about political leaders and celebrities using offshore shell companies to keep their wealth and their financial affairs private, attract attention because they tally with the view that there is too much financial inequality in the world.
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As Lebanese got poorer, politicians stowed wealth abroad

The Paducah Sun 07 Oct 2021
BEIRUT (AP) — A trove of leaked documents confirmed that for years, Lebanon’s politicians and bankers have stowed wealth in offshore tax havens and used it to buy expensive properties — a galling revelation for masses of newly impoverished Lebanese, caught in one of the world's worst economic meltdowns in decades.
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Pandora Papers: As Lebanese Got Poorer, Politicians Stowed Wealth Abroad

The National Herald 07 Oct 2021
BEIRUT — A trove of leaked documents confirmed that for years, Lebanon's politicians and bankers have stowed wealth in offshore tax havens and used it to buy expensive properties — a galling revelation for masses of newly impoverished Lebanese, caught in one of the world's worst economic meltdowns in decades.
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Pandora Papers: The secret trove that illuminates the lives of billionaires

Independent online (SA) 06 Oct 2021
Alstadsaeter and her co-authors did not claim that their findings about offshore wealth apply everywhere, however, because while the study was based on leaks of worldwide financial data, the analysis had to be limited to individuals from Scandinavian countries, where tax authorities cooperated with the researchers.
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'Pandora papers' show London is a key hub for tax avoidance

Longview News-Journal 06 Oct 2021
is urging the government to close a loophole that allows companies in the U.K.’s offshore financial centers such as the British Virgin Islands and the Cayman Islands to hold property in the country without requiring these companies to reveal the names of their true owners.
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Lebanon’s leaders stowed wealth abroad as country got poorer

The Mercury News 06 Oct 2021
BEIRUT — A trove of leaked documents confirmed that for years, Lebanon’s politicians and bankers have stowed wealth in offshore tax havens and used it to buy expensive properties — a galling revelation for masses of newly impoverished Lebanese, caught in one of the world’s worst economic meltdowns in decades.
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AP News in Brief at 6:04 a.m. EDT

Eagle-Tribune 06 Oct 2021
BEIRUT (AP) — A trove of leaked documents confirmed that for years, Lebanon’s politicians and bankers have stowed wealth in offshore tax havens and used it to buy expensive properties — a galling revelation for masses of newly impoverished Lebanese caught in one of the world's worst economic meltdowns in decades.
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