Ordinary people resort to loopholes so they can also avoid paying excessive tax. Small business owners in the town of Crickhowell in Wales decided to do it, too. But they say it's not about breaking the law - but taking on the big-time tax evaders.
European Union countries have agreed on new rules to crack down on cross-border schemes that help companies evade taxes. Tax professionals who fail to inform authorities about these ploys will be hit with penalties.
The European Union's decision to put South Korea on its tax haven blacklist has irritated Asia's fourth-largest economy. The charity Oxfam has also expressed its surprise.
Officials and activists have decried a decision by EU ministers to remove several states from a tax haven blacklist. Among those delisted is Panama, less than two years after its secretive tax loopholes were leaked.
The EU will shortly publish a tax haven blacklist, part of a strategy to deal with the issue of global tax avoidance and evasion. The charity Oxfam has its doubts though, and has published a list of its own.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version