Markets

A billionaire that vowed to pay off the debt of an entire college class will pay $140 million to settle a four-year tax probe, a report says

Billionaire Robert Smith will pay $US140 million to settle a four-year tax investigation, Bloomberg reported Wednesday. The CEO of private equity firm Vista Equity Partners will admit misconduct, but will not be prosecuted, sources told Bloomberg. The settlement amount, which is expected to be made public as early as Thursday, […]
A billionaire that vowed to pay off the debt of an entire college class will pay $140 million to settle a four-year tax probe, a report says
Lifestyle

The top 15 tax havens around the world

Tax havens are places where super-wealthy individuals keep money in offshore accounts for reasons that include, among others, tax avoidance. These individuals often hold money within shell companies and anonymous entities in places like the Cayman Islands and other small, low-tax jurisdictions in remote locations. CORPNET, an Amsterdam-based corporate research […]
The top 15 tax havens around the world
News

How the super-wealthy hide billions using tax havens and shell companies

The Panama Papers were the 11.5 million files leaked in 2016 from Mossack Fonseca, the world’s fourth-largest offshore law firm. Every year, about $US70 billion that the US could be using for infrastructure, law enforcement, healthcare or education is missing. It’s hidden deep within shell companies and anonymous entities in […]
How the super-wealthy hide billions using tax havens and shell companies