BNP Paribas Bank in France lost a case where it has to pay back £35m tax in the UK. HMRC claimed the bank tried to use a tax avoidance scheme involving share dividends using a scheme known as “dividend stripping”. BNP Paribas paid the full amount of tax before the tribunal was heard which dealt with a […]
Caribbean Offshore Financial Centers Hit Hard By Hurricane Irma
Hurricane Irma has caused more than $10bn in damage across the Caribbean offshore financial centers this week according to disaster risk experts on Friday. Airports are closed and cruise ships have canceled voyages. St Kitts and Puerto Rico, have also faced extreme weather, however not as badly affected as the rest of the region Hurricane […]