Hungry for investment, countries in Europe are competing to attract and retain the wealthy. Euronews Business explores the tax perks on offer, along with the pushbacks against them. ADVERTISEMENT The top rates of statutory personal income tax in the EU have stopped declining since the 2008 financial crisis, according to the EU Tax Observatory. Instead,...
Tag: tax havens
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Kenyans stash extra Sh3bn in Switzerland tax haven
Kenyan citizens and firms increased their assets held in Switzerland by Sh3 billion in 2022 when they withdrew a substantial part of their portfolios to other tax havens. The assets in Switzerland grew to Sh9.82 billion in the review period from Sh6.82 billion in 2021, according to the latest data from the Kenya National Bureau...
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Panama Papers: From Singapore to Switzerland, which are the top tax havens?
The Panama Papers are back in the news after the public portion of a trial involving more than two dozen associates accused of helping some of the world’s richest people hide their wealth came to an unexpectedly speedy conclusion on Friday. The trial came eight years after 11 million leaked secret financial documents...