#publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * Comment * Sport * New Review * Magazine * Observer Tech Monthly * Observer Food Monthly Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3jt7v * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: reader@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup Ireland closes loopholes that led to tax haven allegations This article appeared on p27 of the Main section section of the Guardian on Wednesday 16 October 2013. It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. World news * Ireland · * Europe Business * Tax avoidance · * Corporate governance Politics Technology * Apple · * Facebook More news * More on this story * Enda Kenny Ireland to exit EU-IMF bailout without precautionary line of credit In upbeat assessment of Irish economy, taoiseach says finance minister to travel to Brussels to tell EU of Republic's decision * Ireland quits IMF bailout: Kenny reaps political reward but is the wager risky? * Ireland announces more budget cuts despite recovery * Guardian Professional Austerity plans could see Ireland scrap 83 councils – but will it help? * Share * Tweet this * * * Email Today's best video * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Guardian film critics Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Piers Morgan bats an over against Brett Lee Piers Morgan faces a Brett Lee over The former newspaper editor faced an over of pace in the nets GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? 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All rights reserved. * Share * Tweet this * * Quantcast #publisher World news RSS feed G8 RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed David Cameron RSS feed Economics on Monday RSS feed Economics blog RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * Comment * Sport * New Review * Magazine * Observer Tech Monthly * Observer Food Monthly Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * G8 Economics blog badge * Next * Previous * Blog home G8 deal on tax havens a long way off Western leaders are unlikely to deliver anything comprehensive now – but the fact they are discussing the issue is progress * Share * Tweet this * * [pin_it_button.png] * * Email Campaigners dressed as businessmen at a protest in London Campaigners dressed as businessmen at a protest in London calling for a crackdown on tax havens before the G8 summit in Northern Ireland. Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Guardian film critics Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Piers Morgan bats an over against Brett Lee Piers Morgan faces a Brett Lee over The former newspaper editor faced an over of pace in the nets GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? We'd like to see their letters, photos and stories * Send us your assignment ideas Do you have an idea for an assignment you think should run on GuardianWitness? Let us know. * The NSA files trailblock image Live: Follow NSA-related developments as controversy over leaks continues to make headlines On World news * Most viewed * Latest Last 24 hours 1. [762f6843-7836-48a1-9e2d-9daa1568fdca-140x84.jpeg] 1. Icebound Antarctic passengers face air rescue if ship cannot reach them soon 2. 2. How Hollywood cloaked South Sudan in celebrity and fell for the 'big lie' 3. 3. Volgograd train station in Russia hit by fatal explosion 4. 4. From Google to Lady Gaga and social mobility: how the Observer saw 2013 5. 5. Turkey: Erdogan under new pressure to quit as protesters take to the streets 6. More most viewed Last 24 hours 1. [Volgograd-train-station-006.jpg] 1. Volgograd train station in Russia hit by fatal explosion 2. 2. Breast implant register for UK in the wake of the PIP scandal 3. 3. 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Republic by Charles Townshend £20.00 Search the Guardian bookshop ____________________ (BUTTON) Search Economics blog weekly archives Jun 2013 Previous Next M T W T F S S 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Sponsored feature guardian jobs Find the latest jobs in your sector: * Arts & heritage * Charities * Education * Environment * Government * Graduate * Health * Marketing & PR * Media * Sales * Senior executive * Social care Browse all jobs international_______ Search More from Economics on Monday In depth economics analysis every week from Larry Elliott * Latest: 8 Dec 2013: George Osborne's economic policy: more poverty, worse public services | Larry Elliott * Next: 23 Jun 2013: George Osborne needs to give Neets a chance – for the economy's sake | Katie Allan * Previous: 16 Jun 2013: All eyes on Mark Carney's first move as Bank of England's new governor Economics on Monday index * License/buy our content | * Privacy policy | * Terms & conditions | * Advertising guide | * Accessibility | * A-Z index | * Inside the Guardian blog | * About us | * Work for us | * Join our dating site today * © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (1) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=7.295236E 7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=7.295236E7 ? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Ross Gittins dinkus How hot-desking offices can wreck productivity Contains: 2 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 3 An investor looks at the stock price monitor at a private security company Wednesday Nov. 4, 2008 in Shanghai, China. 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How hot-desking offices can wreck productivity 2. Costco gets another $110 million from US parent for Australian expansion 3. US airlines get insurance against terrorism and war 4. Tropical low prompts evacuation at Port Hedland iron ore export terminal 5. Tech world trends: the innovations to expect in 2014 Most viewed articles on WA Today Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. China tries to deal with its mountain of debt 4. US airlines get insurance against terrorism and war 5. Tropical low prompts evacuation at Port Hedland iron ore export terminal Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. China tries to deal with its mountain of debt 4. US airlines get insurance against terrorism and war 5. Tropical low prompts evacuation at Port Hedland iron ore export terminal Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. US airlines get insurance against terrorism and war 4. For Karratha once there was nothing but blue sky but future uncertain 5. Darwinian model of economics flawed for firms Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Costco gets another $110 million from US parent for Australian expansion 3. China tries to deal with its mountain of debt 4. US airlines get insurance against terrorism and war 5. 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The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=1.0646488E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=1.0646488E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Ross Gittins dinkus How hot-desking offices can wreck productivity Contains: 2 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 3 An investor looks at the stock price monitor at a private security company Wednesday Nov. 4, 2008 in Shanghai, China. Chinese shares rose Wednesday for the first time in four trading days as regional markets advanced, led by financial and construction-related stocks. The benchmark Shanghai Composite Index climbed 3.16 percent, or 53.91 points, to close at 1760.61. Chinese stocks rose as other Asian markets climbed on Barrack Obama's victory in the U.S. presidential election. But some analysts played down the election impact on Chinese stocks. (AP Photo/Eugene Hoshiko) China tries to deal with its mountain of debt Contains: 4 A sign displays the Twitter logo on the front of the New York Stock Exchange ahead of the company's IPO in New York, November 7, 2013. Twitter Inc could face volatile trade in its debut Thursday on the New York Stock Exchange, analysts said, but they remained enthusiastic after the money-losing social media company priced its IPO above the expected range. The microblogging network priced 70 million shares at $26 on Wednesday evening, above the targeted range of $23 to $25, which had been raised once before. The IPO values Twitter at $14.1 billion (8.8 billion pounds), with the potential to reach $14.4 billion if underwriters exercise an over-allotment option. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY TPX IMAGES OF THE DAY) AFR 09-11-2013 Tech world trends: the innovations to expect in 2014 Contains: 5 FILE - In this Dec. 4, 2013 file photo, President Barack Obama speaks about the new health care law during a White House Youth Summit, in the South Court Auditorium in the Eisenhower Executive Office Building on the White House complex in Washington. For two months, the talk was all about computer code. About response times. About glitches and bugs. With the website improving and tech chatter settling down, the conversation about the Affordable Care Act, or Obamacare, is turning in other directions _ with an aggressive assist from political forces on the left and right. 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Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Costco gets another $110 million from US parent for Australian expansion 3. US airlines get insurance against terrorism and war 4. Tropical low prompts evacuation at Port Hedland iron ore export terminal 5. Tech world trends: the innovations to expect in 2014 Most viewed articles on WA Today Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Costco gets another $110 million from US parent for Australian expansion 3. China tries to deal with its mountain of debt 4. Tropical low prompts evacuation at Port Hedland iron ore export terminal 5. US airlines get insurance against terrorism and war Most viewed articles on The Age Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Costco gets another $110 million from US parent for Australian expansion 3. China tries to deal with its mountain of debt 4. US airlines get insurance against terrorism and war 5. Tropical low prompts evacuation at Port Hedland iron ore export terminal Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. US airlines get insurance against terrorism and war 4. For Karratha once there was nothing but blue sky but future uncertain 5. Darwinian model of economics flawed for firms Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Costco gets another $110 million from US parent for Australian expansion 3. China tries to deal with its mountain of debt 4. Tech world trends: the innovations to expect in 2014 5. US airlines get insurance against terrorism and war * SMH Home * NSW * Federal Politics * World * National * Environment * Business * Digital Life * Entertainment * Life & Style * Travel * Cars * Exec Style * Sport * Weather * Sydney Morning Herald * Sitemap * About Us * Contact Us * Advertise with Us * AM Today * Last 8 days * Text Version * Site Accessibility Guide * Connect * Mobile Site * SMH for iPad * Newspaper Replica * RSS * Facebook * Twitter * LinkedIn * Products & Services * Subscribe * Manage My Subscription * My Benefits * Digital Subscription FAQs * Good Food Guide * SMH Shop * Newsletters * Classifieds * Place an Ad * Accommodation * Cars * Dating * Jobs * Property Price Data * Real Estate * Buy and Sell * Tributes * Celebrations * Special Reports * Fairfax Media * Member Centre * Conditions of Use * Privacy Policy * News Store Archive * Photo Sales * Purchase Front Pages * Fairfax Syndication * Fairfax Events * Fairfax Careers * Press Council Fairfax Media Our Sites * The Sydney Morning Herald * The Age * MyCareer * Domain * Drive * RSVP * Essential Baby * InvestSMART * APM * Stayz * Weatherzone * TheVine Our Partners * Buy & Sell * Cracker Copyright (c) 2013 Fairfax Media Feedback Form * 10:18PM Sunday Dec 29, 2013 * 12,088 online now * Do you know more about a story? 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I found love with the boy next door: LIZ JONES spends Christmas with the man who dumped her 30 years ago * Party time: A survey has found that three-quarters of people will stay at home this New Year's Eve A big night in this New Year's Eve with three-quarters staying at home * Whimper: Clock strikes midnight a year later... and nothing happens Sparks won't fly: Big Ben's big bang cancelled after last year's went phut * Out of their depth: Canoeists take advantage of the winter flooding on Worcester Racecourse Towns and cities across Britain at risk of flooding AGAIN as new 80mph gale sweeps in from Atlantic (and thousands are STILL without power) * Denis MacShane Vicky Pryce vows to stand by disgraced ex-MP boyfriend Denis MacShane after he is jailed for making £13,000 in false expenses claims * Jowell Jowell's four-letter rant threatens bid to be London Mayor: Labour Dame turns air blue as she is accused of faking tears over marriage split * Preview £148million lottery winner who left husband last month falls for the Audi dealer who sold her FIVE luxury cars after her big win * The family of British doctor Abbas Khan, who was found dead in his prison cell in Syria, believe he was sedated with drugs before being hanged by his captors Family of British surgeon killed in Syria say he was drugged and hanged by his captors then his body flushed with fluids to ruin a post-mortem * Back in December 1913, not a single British newspaper carried the faintest suggestion that the worst war in human history was just months away JOHN SIMPSON: 100 years after World War I, why I believe we stand again at the crossroads of history * Action: Obese children have been taken away by social workers after being overfed by their families, it has been revealed Social workers are weighing in and taking away children from parents who give in to their cravings and feed them too much * Jailed: Tanvir Hussain, the cousin of Mr Tariq, was involved in a plot to blow up aircraft Border officials sacked over 'links to terrorism' sue for breach of their human rights after 'secret courts' rule stops them from seeing evidence * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1A4F53CA00000578-537_154x115.jpg] CCTV: Six-year-old girl robs Saudi Arabian jewellery store * [video-undefined-1A51847E00000578-763_154x115.jpg] First footage of Tenerife 'beer pump' explosion hotel * [video-undefined-1A4EFD4100000578-930_154x115.jpg] Not your usual ice cream seller: Magical vendor teases... * [video-undefined-1A4F785D00000578-627_154x115.jpg] VIDEO: MailOnline news BLOOPERS of 2013 supercut * [video-undefined-1A4F499C00000578-268_154x115.jpg] WANTED by police: Naked burnout biker drives through Munster * [video-undefined-1A4E7DA200000578-56_154x115.jpg] Kim Kardashian flaunts ample cleavage Keeping Up new promo * [video-undefined-1A4FAE8800000578-638_155x122.jpg] Teens are part of chaotic scene at Brooklyn mall * [video-undefined-1A4E8E4600000578-244_154x115.jpg] VIDEO: Reporter tries to shout as WATERFALL blown wrong way... * [video-undefined-1A51658800000578-960_154x115.jpg] Aftermath of Beirut blast which killed Lebanese teen * [video-undefined-1A4FBA8400000578-702_154x115.jpg] Inside Sandy Hook Elementary after the massacre MOST READ NEWS * Previous * 1 * 2 * 3 * Next * Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of... * Bulgarians and Romanians could compete for the jobs of previous immigrants such as Poles Exposed: What they DIDN'T tell you about new wave of... * Preview £148million lottery winner who left husband last month falls... * Immigration officials at one airport stopped more than 300 such health tourists over two years Three hundred pregnant foreigners stopped at just one... * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... as Honours Committee snubs Becks... * Steven Gerrard has been named as a defendant in a case at London's High Court along with his wife Alex (right) and close friend Lee McPartland England football captain Steven Gerrard due in court weeks... * Ferry fire Two men arrested after six people are airlifted to hospital... * iPlayer: The service will remain, but some backdated programmes could soon cost up to £5 to download BBC to charge licence payers £5 to download favourite shows... * KEELEY Spooks star Keeley Hawes 'forced out of West End show after... * Fiona Bruce's £400,000 hunch: Antiques Roadshow star spots that £400 painting is really a Van Dyck worth a thousand times as much Fiona Bruce's £400,000 hunch: Antiques Roadshow star spots... * Krishna Maharaj, 74, with his wife Marita Maharaj in London in the 1980's This Briton has spent 27 years in jail for murder. Now... * Whimper: Clock strikes midnight a year later... and nothing happens Sparks won't fly: Big Ben's big bang cancelled after last... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131229] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131229] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131229] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 37 Click to rate [3066015_p.jpg?cb=20131229] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131229] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 39 Click to rate [5750367_p.jpg?cb=20131229] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 31 Click to rate [1355322495120343_p.jpg?cb=20131229] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131229] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131229] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131229] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties... It was the Polaroid that humiliated the ravishing and voracious Duchess of Argyll. Now the secret she took to her grave is revealed to... * Comments (274) Bulgarians and Romanians could compete for the jobs of previous immigrants such as Poles Exposed: What they DIDN'T tell you about new wave of migrants heading for booming Britain After immigration controls are lifted this week, Britons could find their jobs are squeezed in some areas – while community tensions could... * Comments (184) Immigration officials at one airport stopped more than 300 such health tourists over two years Three hundred pregnant foreigners stopped at just one airport after attempting to get into Britain to give birth for free on the NHS The women are duping airlines - who normally forbid expectant mothers more than 36 weeks pregnant to fly - so they can receive the free... * Comments (491) Steven Gerrard has been named as a defendant in a case at London's High Court along with his wife Alex (right) and close friend Lee McPartland England football captain Steven Gerrard due in court weeks before 2014 World Cup Finals over 'street fight' row Steven Gerrard, 33, his wife Alex, 31, and their close friend Lee McPatland, 43, have been named as defendants in papers filed at London's... * Comments (30) Anthony Perrett I was forced to survive on bread and water in Russian prison because it didn't serve vegetarian alternative says freed British Greenpeace... Anthony Perrett, one of the Arctic 30, refused to eat the food offered by guards in Murmansk and St Petersburg prisons in Russia. The... * Comments (0) KEELEY Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' The Mail on Sunday has learned that Spooks star Ms Hawes and 80-year-old Ms Hancock have been rowing fiercely since rehearsals began for... * Comments (37) Household debt crisis: If interest rates rise faster than predicted some two million British households that spend more than half their income on repayments could treble by 2018 Millions set for debt crisis if interest rates rise warn experts as figures show number of families that spend half their income on... The Resolution Foundation is urging banks to start checking on debtors now based on figures from the Office of Budget Responsibility. * Comments (38) Outrageous: Bernard Gray, chief of defence material, enjoyed a chauffeur-driven car and trips abroad Ministry of Defence boss tasked with targeting WASTE claims £100,000 in expenses in just a year Bernard Gray, who was appointed to help manage the budget, enjoyed 106 stays in London and Bristol hotels, for £23,000, despite living less... * Comments (4) Ferry fire Two men arrested after six people are airlifted to hospital from burning Amsterdam-bound ferry 'set on fire by passenger' More than 1,000 people were aboard the King Seaways service (pictured) which left North Shields, near Newcastle, at 5pm and was heading for... * Videos iPlayer: The service will remain, but some backdated programmes could soon cost up to £5 to download BBC to charge licence payers £5 to download favourite shows in challenge to Netflix and iTunes Doctor Who, Luther, Sherlock, Murphy's Law and Human Planet are all included in the policy, which will apply to popular hits which have not... * Comments (387) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Lost that loving feeling? Jennifer Aniston and Justin Theroux don't seem close during tropical getaway Planning a wedding * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! Pregnant Tamara Ecclestone and her identikit mother wear matching sunglasses In Beverly Hills * * She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco four years after star's passing * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Another one bites the dust: Holly Willoughby is reportedly leaving her captaincy on Celebrity Juice because she is 'too busy' Holly Willoughby to quit as team captain on Celebrity Juice because she is 'too busy' TV presenter has been a team captain on the ITV2 show since 2008 * Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her face Her face finally fits! Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her Approval from former Vogue Paris editor * Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Selena turned heads * Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Oscar-winner, 41, wore draw-string waist, wide-legged jeans * hilary Taking the Mickey! Hilary Duff and family don mouse ears as they enjoy son Luca's first visit to Disneyland Cute snap of the young family * Catherine Tyldesley Definitely not feeling blue! Catherine Tyldesley wraps up warm in a stylish winter coat as she steps out for coffee with a mystery man * 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out in Aspen 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out Twins are two but learning to ski in Aspen * Melanie And they said it'd never last! Melanie Griffith enjoys quality time with husband Antonio Banderas and her three children in Aspen * * Now that's an electric slide! Bella Thorne glides through the snow in a bright pink fuzzy sweater as she goes tubing with friends and family She's falling for him! Bella Thorne tubes in the snow with boyfriend Tristan Klier Disney star had fun in the snow * Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying in Atlanta Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying * Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Gearing up for a big night out * 'Funny I'm being accused of drinking heavily while pregnant': Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness 'Funny I'm being accused of drinking heavily while pregnant!' Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness * Boho chic! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French Grunge girl! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French * Finishing touches: The 33-year-old actress wore a pair of flip flops and hid her stunning brown eyes behind a pair of aviator sunglasses, accessorizing with a pair of gold hoop earrings Minimal Minka: Actress Kelly is stunning and slender in simple camisole and maxi skirt for shopping trip Toned down her usual sizzle in Beverly Hills * Fit family! Colin Farrell and his sister pack as many workouts as they can into day No indulgence for this family! Colin Farrell and his sister Claudine pack in the workouts No wonder he has one of the best bodies in Hollywood * Radiant! Bar Refaeli posts a picture of herself on Twitter working up a sweat Working up a sweat! Bar Refaeli shows off her incredible toned body in a Twitter selfie during work out routine * Katy perry MOS Diary: Katy Perry to Roar back with wedding No 2 as John Mayer 'is about to propose' Can we expect Fireworks? * Psychic: Tulisa has reportedly consulted medium Alex Thornhill, following a traumatic year The future's clairvoyant: Tulisa Contostavlos brings in glamorous psychic Alex Thornhill after a traumatic year * Taken for a ride! Anne Hathaway goes for a spin with husband Adam Shulman in his electric car Taken for a ride! Anne Hathaway goes for a spin with husband Adam Shulman in his electric car There vast swathes of people who would love to take her for a ride * Fearne Cotton 'My body aches like a 90-year-olds:' Fearne Cotton posts sick photo as she reveals she is bed-ridden with tonsillitis Holiday bugs * 'Someone's getting a new look!' Kelly Osbourne reveals her latest bob hairstyle after chopping off inches of her locks 'Someone's getting a new look!' Kelly Osbourne reveals her latest bob hairstyle after chopping off inches of her locks Another big change * Party time: Danielle O'Hara celebrates 30th with another celebration She's a firecracker! Flame-haired Danielle O'Hara celebrates her 30th birthday with yet another celebration Made the most of her 30th birthday * Britney Bowled over! Delighted Britney Spears thanks Celine Dion for 'beautiful' basin full of roses sent to welcome her to Las Vegas Welcome mat rolled out * spears 'I would love to act': Britney Spears reveals her desire to star in more movies following her smash hit opening night of Las Vegas show Repeat of Crossroads? * Britney Spears Seven costumes, two wigs, 23 hits singles and 7,000 screaming fans: Britney Spears opens her Las Vegas residency with storming 90-minute trip down memory lane * Gabi and Cressie MOS Diary: Wilde child who is Prince Harry's girlfriend Cressida Bonas's sister Born Gabriella Anstruther-Gough-Calthorpe * 'Everything is so temporary': Khloe Kardashian posts sad message of loss and reflection as she faces New Year without Lamar Odom 'Everything is so temporary': Khloe Kardashian posts sad message of loss and reflection as she faces New Year without Lamar Odom * Woowee! Simon Cowell was seen getting his adrenaline flowing on a jet ski in Barbados on Saturday, while his pregnant girlfriend was no where in sight Adrenaline junkie: Simon Cowell heads out on a jet ski adventure as he leaves pregnant girlfriend Lauren Silverman back at their hotel * Getting in gear: Kaley Cuoco worked up a sweat at Soul Cycle in West Hollywood, California on Saturday, days before she ties the knot She's got to look her best! Kaley Cuoco squeezes in spinning class ahead of lunch with fiance Ryan Sweeting... days before she ties the knot * How many bikinis does she own? Rihanna shows off her enviable figure in yet another two piece while soaking up the sun in Barbados How many bikinis does she own? Rihanna shows off her enviable figure in yet another two piece while soaking up the sun in Barbados New day, new bikini * Lily Cole and hawking MOS Diary: A Brief History of Tea as Lily Cole and Professor Stephen Hawking become friends Brainbox model has a new gentleman friend * Bennett MOS Diary: Playwright Alan Bennett in 'bury her at night' blast at Margaret Thatcher Branded the late Baroness Thatcher a 'mirthless bully' * Lara Pulver Lara Pulver: 'Bond was a womanser, Flemng was a brute' Lara Pulver has taken on the rola as the original Bond girl - Ian Fleming's wife Ann * Gift for the Gleeks! Lea Michele released her new balled Battlefield on Friday 'You and I have to let each other go': Lea Michele pours out her heart in newest ballad Battlefield Surprised fans with a new single * Myleene Klass She's a sexy señorita! Myleene Klass shows off her perfect bikini curves as she relaxes in a jacuzzi in Mexico Not lost her touch seven years after I'm A Celeb... * Miranda Kerr Taking her eye off the ball! Miranda Kerr can't resist taking cheeky selfies at basketball game with her cousin Bec Courtside cutie * Chic: Petra Stunt works a neutral hued top and skinny jeans on outing with baby Lavinia Pretty as a Petra! Mrs Stunt steps out with baby Lavinia, looking effortlessly stunning in neutral hues and ripped skinny jeans Looking Stunt-ing * 'It might surprise people but I'm pretty good at impersonating men in the football world,' said Gabby 'I do an excellent Alan Hansen and Roy Hodgson. And I frequently lapse into Brian Clough': Inside the head of... Gabby Logan Playing players * christian bale_.jpg Holy Moses, Batman! From superhero to biblical prophet, Christian Bale is transformed for Ridley Scott epic Exodus Scruffed up * Kardush Give your body the star treatment: Celebrities reveal how they sorted their health problems Including Khloe Kardashian, Sarah Harding, Julie Walters * THE MAIN EVENT: For sheer take-your-breath-away, that's-why-we-go-to-the-cinema entertainment it would be impossible to beat the first hour of Alfonso Cuaron's Gravity The Good, The Bad... and The Bowie: From Gravity to Behind The Candelabra, 2013 in culture The Event critics sort the hits from the misses * Does he live a normal life? 'Normal is subjective. Compared to other people in the business I do live a normal life. I can't get off set and away from it fast enough,' said Joaquin Phoenix 'My life is really simple... I even bore myself': Why Joaquin Phoenix is Hollywood's reluctant superstar If there was an Oscar for oddballs, it would be his * Lucy Mecklenburgh Now THAT'S a Highland fling! Former TOWIE star Lucy Mecklenburgh turns heads in a tartan minidress and statement necklace Former TOWIE babe * They spent Christmas with his family in Cincinnati, Ohio. And after a week and a half in his hometown, Nick Lachey looked happy to be returning to Los Angeles on Saturday with his wife Vanessa Minnillo and their son Camden. Happy to be home! Nick Lachey returns to Los Angeles with Vanessa and adorable son Camden after Christmas in Ohio * Taking a break: Justin Bieber posted a photo to his Twitter and Instagram accounts of himself snowmobiling in an unknown location on Saturday Finally a vacation: Justin Bieber hits the snow after a year filled with work and scandal Posted a glimpse of to his Twitter of himself snowmobiling * Naomi Campbell All friends here: Naomi Campbell soaks up the sun alongside ex Flavio Briatore's wife Elisabetta Gregoraci Holidaying in Kenya * She said yes! Model-turned-actress Analeigh Tipton to wed longtime boyfriend Aaron McManus She said yes! Model-turned-actress Analeigh Tipton to wed longtime boyfriend Aaron McManus Swapping the runway for the aisle * Toned down: Cara Delevingne opted for a refined look as she showed off her bikini body in Barbados on Saturday Simply stunning! Cara Delevingne displays her toned figure in a blue string bikini while holidaying in Barbados The 21-year-old went with a subtle glam look * Sam Bailey She's got game! Sam Bailey entertains the crowds with her powerhouse voice at final of the Big Game 6 rugby match Harlequins vs Exeter * clifford X Factor winner Sam Bailey was secretly mentored by PR guru Max Clifford after he spotted her performing in a village pub Sam snared a £1million * Fleetwood Mac: Mick Fleetwood, Christine McVie, John McVie, Stevie Nicks and Lindsey Buckingham at the time of Rumours You make fighting fun: OK, Lindsey Buckingham admits, I did kick Stevie Nicks... Fleetwood Mac are back... and still settling old scores * kellie Get to the chopper! Kellie Pickler flies in helicopter during holiday tour to salute troops in Afghanistan Riding high * Grumpy: Anne Hathaway is believed to have left a bag of dog poo on a photographer¿s car as a ¿present¿ Bah humbug! Grumpy Anne Hathaway 'leaves bag of dog poo on photographer's car' Christmas 'present' for the paparazzo * Making a splash! Stephanie Seymour, 45, shows off her incredible bikini body as she enjoys a family holiday in St Barts Now she's just showing off! Stephanie Seymour, 45, again flaunts her incredible bikini body as she frolics in St Bart's Ex Angel has still got it * Beauty has a big heart: Gisele Bundchen steps out makeup free in Boston just days after making a teenage cancer patient's Christmas wish come true Beauty has a big heart: Gisele Bundchen steps out makeup free in Boston just days after making a teenage cancer patient's Xmas wish come true * Modern family! Penny Lancaster, 42, carries her own luggage while husband Rod Stewart, 68, takes care of son Aiden, aged two, as they touch down in Miami Modern family! Penny Lancaster, 42, carries her own luggage while husband Rod Stewart, 68, takes care of son Aiden, aged two, as they touch down in Miami * Michelle Keegan As Michelle Keegan prepares to bow out, Coronation Street bosses hint at MORE departures when show moves to new, high-tech home * Her best look yeti! Alex Gerrard steps out in a shaggy white, stripy fur coat on shopping run Her best look yeti! Alex Gerrard steps out in a shaggy white, stripy fur coat on shopping run Looked chic in a cosy winter jacket while out in her native Liverpool * Tracey Ullman Smiling despite the anguish: Tracey Ullman ventures out after death of husband Allan McKeown Stepped out for coffee with a friend * Ollie Locke Made In Chelsea's Ollie Locke to join Celebrity Big Brother... as producers hope he finds love with TOWIE star Sam Faiers Latest to sign up New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Isla Fisher Aloha! Isla Fisher enjoys a fun day at the beach with husband Sacha Baron Cohen and children in Hawaii They're known for having a barrel of laughs * Jennifer Aniston and Justin Theroux brush off break-up rumours as the happy couple land in Mexico for a romantic New Year's Eve getaway Jennifer Aniston and Justin Theroux brush off break-up rumours as the happy couple land in Mexico for a romantic New Year's Eve getaway Maybe heat will help * Back on the beat! Blake Shelton casts a rugged spell in jeans and black shirt as he performs a free concert for fans in North Carolina Back on the beat! Blake Shelton casts a rugged spell in jeans and black shirt as he performs a free concert for fans in North Carolina * Kristina How to avoid dancing like an embarrassing Dad this New Year's Eve: Strictly star KRISTINA RIHANOFF give you tips about how to survive the party season in style * What's wrong? Jessica Alba looked upset as she arrived in Los Cabos, Mexico on Friday Why so glum? Jessica Alba looks grumpy as she lands in gorgeous Los Cabos, Mexico with husband and kids Yet her shirt bore words: 'RAD RAD RAD' * 'Killing it on the mountain': Paris Hilton strikes sexy model poses in full makeup and coiffed hair during Aspen ski trip 'Killing it on the mountain': Paris Hilton strikes sexy model poses in full makeup and coiffed hair during Aspen ski trip Posing on piste * Just married! Singer Vanessa Carlton glows in flowered crown for boho wedding to rocker John McCauley... as Fleetwood Mac's Stevie Nicks officiates Just married! Singer Vanessa Carlton glows in flowered crown for boho wedding to rocker John McCauley... as Fleetwood Mac's Stevie Nicks officiates * DAVID SEAMAN 'If it wasn't for the show, I may not have met her': David Seaman to marry Dancing On Ice's Frankie Poultney after four years of dating Goalkeeper scored! * Danny Cipriani Danny Cipriani 'gives Kelly Brook a diamond Cartier bracelet for Christmas' in a bid to win her back They say diamonds are a girl's best friend * 'Rise and grind!': Kendall Jenner keeps busy with her workout routine as she hasn't seen boyfriend Harry Styles in almost TWO weeks 'Rise and grind!': Kendall Jenner looks thin and glum as she exits a gym... hasn't seen boyfriend Harry Styles in almost TWO weeks * Rosie Huntington-Whiteley and Jason Statham Rosie Huntington-Whiteley and Jason Statham take their dogs for a walk on the beach Making the most of her time in Malibu this Christmas * 'Like father... like daughter!' Kim Kardashian reveals her six-month-old baby girl has a tiny replica of Kanye West's black Ferrari 'Like father... like daughter!' Kim Kardashian reveals her six-month-old baby girl has a tiny replica of Kanye West's black Lamborghini * Nicole Appleton Nicole Appleton posts reflective end of year message on the same day as reuinting with Liam Gallagher for the first time...months after marriage split * One Direction music video He wants to be adored! Louis Tomlinson shows his love for The Stone Roses in band T-shirt while shooting One Direction video Madchester fan * The couple who matches... Pregnant Teresa Palmer and her husband Mark Webber (left) coordinated in green ensembles for lunch with their family in Los Angeles, California on Friday Green couple: Pregnant Teresa Palmer and husband Mark Webber coordinate their outfits as they step out one week after getting married * Miley Cyrus kisses and dances with partygoers Getting her twerk on! Miley Cyrus grinds on mystery guy while hosting Vegas party after watching Britney Spears' show Enjoying her night out! * Matthew McConaughey What rain? Matthew McConaughey heads out for a run despite the tropical downpour in Brazil No stopping him from his morning run * First look: Ben Affleck as Nick Dunne in the cinematic adaption of Gillian Flynn's bestselling novel Gone Girl FIRST LOOK: Ben Affleck looks tired and weary as Nick Dunne in the latest film still from Gone Girl Film stars Ben Affleck and Rosamund Pike * Berry nice: Michelle Keegan looked both stunning and festive when she celebrated Boxing Day at fiancé Mark Wright¿s mum¿s house in Essex Naughty but nice! Michelle Keegan works berry-red minidress and knee-high boots for festive fun with fiancé Mark Wright's family Accepted into the family * Chef Robert Irvine, 49, displays ripped chest on romantic stroll with his wrestler wife in Hawaii The iron chef! Cook Robert Irvine shows off beefy chest as he goes on romantic stroll with wrestler wife in Hawaii He learned his trade in the Royal Navy * She has a fetish for fashion! Fifty Shades of Grey star Dakota Johnson takes time off from filming for a bit of shoe shopping She has a fetish for fashion! Fifty Shades of Grey star Dakota Johnson takes time off from filming for a bit of shoe shopping Passion for shopping * Martin Freeman Well and truly mugged off! 'Stressed' Martin Freeman almost missed out on Sherlock role after thieves stole his wallet on way to audition Almost blew audition * Miley Cyrus had over $100K worth of purses and jewelry stolen from her home which could have included that engagement ring from Liam Hemsworth Police believe $100K worth of purses and jewelry stolen from Miley Cyrus's home were taken by someone with access to the property * Miley Cyrus Word perfect! Miley Cyrus sings along to Britney Spears' biggest hits as the pop veteran opens her Vegas residency with raunchy, bondage themed show * Preview Two-year-old Harper Beckham lookalike who's already earned £2,000 impersonating David's youngest child Sienna Gibbs-Cook, 2, is making living as Harper * Nicole Richie Nicole Richie covers up in seasonal monochrome coat as she steps out with husband Joel Madden and family pooch Iro Enjoyed a stroll * Dannii Minogue 'She's finding it quite therapeutic': Dannii Minogue plots pop comeback with 'personal' new album inspired by love split Recording in Australia * Sarah Michelle Gellar Shady ladies! Sarah Michelle Gellar and daughter Charlotte wear stylish sunglasses for girls' day out Very much a case of like mother like daughter * RIHANNA 'With love from Barbados'! A make-up free Rihanna enjoys island life in an itsy-bitsy khaki bikini as she smokes a suspicious cigarette on the beach * ALICE EVE Star Trek actress Alice Eve parades her showstopping curves in a nautical striped bikini as she larks around with her brothers on Barbados beach break * melanie brown 1.jpg She's known for her outrageous behaviour, but Mel B tells Dean Piper she's so worried about her 14-year-old daughter, she's set some firm ground rules * Special day: Peaches Geldof shared baby snaps taken on Christmas day of her son Phaedra Bloom Forever Baby's first Christmas! Peaches Geldof shares heartwarming snaps of her son Phaedra enjoying some festive treats Family bliss * Looking good: (L-R) Linda Dobson, Lesley Joseph and Pauline Quirke are back for a brand new series The Birds are back! 15 years on, Linda Robson, Pauline Quirke and Lesley Joseph reveal why the time is ripe for a revival Birds Of A Feather * Baby, this is how we roll! Kim Kardashian and Kanye West's daughter North West, six months, is joined by her tiny cousins Mason and Penelope on a private jet to Aspen Baby, this is how we roll! Kim and Kanye's daughter North West, six months, is joined by her tiny cousins Mason and Penelope on a private jet to Aspen * Bianca confront the gang, but who will Liam choose? SOAP WATCH: Jaci Stephens gives us the ultimate insight into the week's soaps The end of another year of EastEnders and Coronation Street * 'What surprised me was how I got to enjoy it - the look on blokes¿ faces, especially the first time I posed. Somehow I felt exhilarated and empowered' Must I give up nude modelling because I'm getting married? This week, BEL MOONEY advises a woman who has been asked to stop modelling * Victoria Silvstedt shows off her beach body in a neon orange bikini in Miami What a peach! Model Victoria Silvstedt looks bronzed as she hits the beach in a neon bikini One year away from turning 40, but still got an amazing body * He does feel fine! A shirtless Paul McCartney, 71, frolics in the sea with wife Nancy Shevell He does feel fine! A shirtless Paul McCartney, 71, frolics in the sea with wife Nancy Shevell Fellow Submarine * That will get you noticed! Eva Longoria stands out in electric pink dress on dinner date with new boyfriend Jose Antonio Baston Loving the attention! Eva Longoria stands out in electric pink dress on dinner date with wealthy new boyfriend Desperate to be noticed * COMMUNE Surviving a sex commune: Film-maker grew up in a sinister cult - and now he's has made a documentary lifting the lid on his traumatic childhood * Amanda Seyfried and dog A lovely Lassie! Amanda Seyfried braves chilly New York winter as she takes adorable dog for a walk Wrapped up warm * MILLIE MACKINTOSH 'The new addition to the family': Millie Mackintosh and Professor Green become proud parents to a brand new puppy Puppy love * Sure you're not dating? Khloe Kardashian, right, was spotted leaving the gym on Los Angeles, California with rumoured beau Matt Kemp, left, on Friday Getting pumped! Khloe Kardashian hits the gym with rumoured beau Matt Kemp in LA as family jet off to ski in Aspen Looked exhausted * Festive: Phillip Schofield decided on a somewhat unconventional Christmas at sea, on Spitbank fort in Solvent, Portsmouth. In the hot tub with Schofe! Phillip Schofield enjoys a Christmas at sea at Spitbank Fort Somewhat unconventional Christmas * ¿It¿s bulls**t¿: Charlie Brooks hits out at soaps ratings war as EastEnders loses out to Coronation Street in Christmas Day battle for viewers 'It's bulls**t': Charlie Brooks hits out at soap ratings war as EastEnders loses out to Coronation Street in Christmas Day battle for viewers * The icing on their Christmas cake! Paul Hollywood and wife Alexandra 'rekindle romance' on festive getaway in French Alps The icing on their Christmas cake! Paul Hollywood and wife Alexandra 'rekindle romance' on festive getaway in French Alps Back on track * Scarlett Scarlett Johansson and French fiance Romain Dauriac cuddle as they stroll to coffee shop Lost In Translation star is fluent in love * She's ripped! Alessandra Ambrosio puts her lean abs on display in crop top and jeans while shopping with fiance Jamie Mazur She's ripped! Alessandra Ambrosio puts her lean abs on display in crop top and jeans while shopping with fiance Jamie Mazur * Sticking with what she knows: Gwyneth Paltrow donned almost the same outfit as she arrived at Los Angeles International Airport on Friday (left) as she did when she departed on December 18 (right) She knows what suits her! Gwyneth Paltrow wears the same outfit to arrive at LAX as she did when jetting out Sticking with what she knows * 'A little bit of Tennessee in California': Reese Witherspoon sells her quaint Ojai ranch for $4.9m and loses more than $800k on the deal Ouch! Reese Witherspoon takes $800k hit as she offloads quaint ranch where she married Jim Toth for just $4.9m Owned for five years * Gwen Heavily pregnant Gwen Stefani pops into acupuncture clinic with husband Gavin and their two boys in tow Bump is noticeably bigger every day * Experience: Author Barbara Taylor Bradford has celebrated 50 years of marriage - and has some tips for us Each decade has its own rules! What I've learned from 50 years of marriage, by BARBARA TAYLOR BRADFORD She and Bob exchanged vows 50 years ago * Leggy: Vanessa Hudgens showed off her sculpted stems as she headed to a friend's house in Los Angeles, California on Friday No health resolution needed! Vanessa Hudgens bares her toned legs in a boho grunge ensemble The 25-year-old showed off her sculpted stems * 'We're going tropical!' Bare-chested Mario Lopez bonds with his little water babies on family holiday in Mexico 'We're going tropical!' Bare-chested Mario Lopez bonds with his little water babies on family holiday in Mexico Celebrated his baby boy's first Christmas * Maui and bright: Tom Arnold enjoys a beach day with wife Ashley Groussman and baby son Jax while on Hawaiian holiday Tom Arnold enjoys a beach day with wife Ashley Groussman and baby son Jax while on Hawaiian holiday Spent Friday frolicking on the beach * Eva Longoria and boyfriend Not so desperate now! Eva Longoria enjoys post-holiday date with wealthy television boss boyfriend in Hollywood Her calendar is emptier than ever before * Maria Shriver shops in Aspen Maria Shriver spends time shopping with youngest daughter Christina on winter trip to Aspen Hitting the post-holiday sales * Jaden Smith at Fred Segal on Friday Jaden Smith spotted at favourite lunch spot with a friend Jaden Smith had lunch with a friend but the identity of his companion remains a mystery * No star trip here! Daryl Hannah goes Bohemian in burgundy print blouse while pushing her own cartload of luggage at LAX Daryl Hannah walks on the wild side in print blouse Still attracts a crowd, even when she's just trying to get through an airport terminal * New girlfriend? Brody Jenner was spotted out to lunch with a mystery blonde in Los Angeles, California on Friday He clearly has a type! Brody Jenner steps out with mystery blonde who looks strikingly similar to his ex girlfriend Bryana Holly Took her to lunch in LA * Ditched the bag already then? Kim Kardashian goes without her garish painted Hermes handbag as she and Kanye West catch a private jet to Aspen with the clan Ditched the bag already then? Kim Kardashian without garish Hermes handbag as she and Kanye West catch a private jet to Aspen with the clan * Britney Spears slips back into Toxic nude bodysuit a decade on for Vegas rehearsals... but has she used make-up trickery to get that six-pack? A decade on, Britney Spears slips back into Toxic-style nude bodysuit for Vegas rehearsals... but has she used make-up trickery to get that six-pack? * 'So grateful for my family!' Tori Spelling shares cute Christmas morning video of her children unwrapping presents... as reports of marital strife continue 'So grateful for my family!' Tori Spelling shares cute Christmas morning video of her children unwrapping presents... as reports of marital strife continue * Penn Here's something to gossip about: Penn Badgley is spotted walking around New York with mystery woman She's bagged a hunk * Anne Hathaway jogging with husband and dog Hathaway we go! Anne jogs ahead on Beverly Hills hiking trail while hubby Adam Shulman and their dog lag behind No time off the fitness routine for Anne * Family Friday: Malin Akerman enjoyed a sunny stroll with her mother Pia and son Sebastian in Los Angeles, California on Friday Malin Akerman shows off trim figure and a brave face as she strolls with mother and baby son in wake of marriage breakdown True viking * 'She's an a**hole!' Jon Gosselin lays into ex-wife Kate... as he gets ready to go into Couples Therapy with girlfriend 'She's an a**hole!' Jon Gosselin lays into ex-wife Kate... as he gets ready to go into Couples Therapy with girlfriend Reopening old wounds * Sleepless in Aspen! Meg Ryan goes on vacation after boyfriend John Mellencamp claims that he would not move to New York with her Sleepless in Aspen! Meg Ryan takes snowy break with daughter after boyfriend John Mellencamp nixes New York move * Emma Forbes A little too much fun in the sun: Youthful Emma Forbes displays unfortunate tan lines in a strapless swimsuit as she holidays in Barbados * There's a new addition to the entourage! 'I got a new pup,' announced Justin Bieber after buying a cute American Bulldog puppy Justin Bieber buys a new puppy (but after the dead hamster drama and that monkey business... is another pet really a good idea?) Bieber's Bulldog * He's high on life! Zac Efron shows off his AA chip while at a Lakers game, proud of his six months of sobriety He's high on life! Zac Efron proudly shows off his six months of sobriety AA chip as he takes in a Lakers game Loud and proud about his new-found sobriety * Winter is coming! Empire offers a sneak peek at the upcoming Captain America: The Winter Soldier Captain America, reporting for duty! Empire offers a sneak peek at superhero sequel with Chris Evans and Scarlett Johansson Out next year * It's a girl! Former NFL star Tiki Barber and wife Traci Lynn Johnson welcome baby daughter Brooklyn It's a girl! Former NFL star Tiki Barber and wife Traci Lynn Johnson welcome baby daughter Brooklyn And we thought Brooklyn was only a boy's name * Ryan Phillippe gives 10-year-old son Deacon a haircut in adorable poolside snap This is how it's done son: Ryan Phillippe gives 10-year-old son Deacon a haircut in heartwarming poolside snap Actor, director, hair stylist! * Kaley Cuoco hits the salon for one final touch-up before her NYE wedding to fiancé Ryan Sweeting Here comes the bride to be! Kaley Cuoco has one final touch-up before her NYE wedding to Ryan Sweeting Fire-and-ice-themed nuptials in California * Mrs Timberlake's kitchen nightmare! Jessica Biel shares baking disaster as she attempts to play domestic goddess at home Mrs Timberlake's kitchen nightmare! Jessica Biel shares baking disaster as she attempts to play domestic goddess at home * World's greatest consumer scams World's greatest scams REVEALED: The £1,000 iPhone app that does NOTHING, popcorn with a 1,275% mark-up and fake TV phonelines Sponsored * ste From Catchphrase to Britain's Got More Talent, Stephen Mulhern's now one of TV's most prolific presenters. Not bad for a former barrow boy... * Ray Winstone On set with Ray Winstone: The veteran actor takes Weekend magazine behind the scenes on swashbuckling Sky drama Moonfleet * amy willerton Berry n-ICE: Amy Willerton gets her skates on wearing holly motif jumper and tight white jeans alongside her sister At home in Bristol * He's got bottle: The fun-loving reality television personality often has a drink in his hand on Keeping Up With The Kardashians 'Thank god for Blowfish': Scott Disick laughs off his hangover as it's reported Kourtney Kardashian 'wants in him rehab' No laughing matter * 'It's not a tagline that I probably would have chosen': Shailene Woodley admits to having a 'strong response' to controversial The Fault in Our Stars tagline Shailene Woodley admits she doesn't approve of controversial 'One sick love story' tagline for her teen cancer film The Fault In Our Stars * Fun in the sun! Richie Sambora and Sweet 16 daughter Ava enjoy bonding time Hawaiian-style in Maui It beats New Jersey! Bon Jovi star Richie Sambora and daughter Ava enjoy quality time on the beach in Hawaii But he loves to flaunt their New Jersey roots * Life's a beach: Shia LaBeouf kicks back in Brazil with girlfriend Mia Goth Life's a beach: Shia LaBeouf kicks back in Brazil with girlfriend Mia Goth Taking his mind off his troubles as he enjoyed a holiday in Brazil * Cara Delevingne Not quite runway ready! Cara Delevingne swaps her chic shades for oversized comedy sunglasses as she enjoys another day in Barbados * Flowers and a fluffy bunny! Jessica Alba brings a touch of spring to December as she arrives at the airport with daughter Haven Flowers and a fluffy bunny! Jessica Alba brings a touch of spring to December as she arrives at the airport with daughter Haven * B and Jay Z Spicing up the season: Beyonce and Jay Z 'drop $6,000 at New York sex toy store on some very grown up gifts' A steamy gift that Santa certainly didn't bring * Sleeping beauty: Cheryl Cole shares a photo of herself enjoying a snooze after her Boxing Day celebrations in the sunshine 'Morning after the night before': A make-up free Cheryl Cole shares sleeping beauty snap as she enjoys Christmas in the sun Nice place for hangover * 'Consistency is key' Celebrity trainer Tracy Anderson says that following regimen is crucial to staying slim during the holidays 'Consistency is key': Celebrity trainer Tracy Anderson advocates strict fitness regime over holidays to keep the pounds off No time off for Tracy * Feeling the Christmas chill: The TOWIE girls hit Essex for a night out but Sam Faiers covers up in a chic silk dress Feeling the Christmas chill: The TOWIE girls hit Essex for a night out but Sam Faiers covers up in chic silk dress Went to Club 195 in Epping for Boxing Day * Was it a long night, Lamar? Khloe Kardashian's troubled ex-husband yawns as he leaves a Hollywood nightclub Long night, Lamar? Khloe Kardashian's troubled estranged husband yawns as heads home after partying at Hollywood club * Justin Bieber surprises fans at a screening of his docu-flick Believe, which earned $1.25M at the box office Justin Bieber surprises fans at a screening of his documentary Believe... but film disappoints by earning $1.25m at U.S. box office * Is Selena Gomez secretly suffering from Lupus? New claims singer cancelled tour because of autoimmune disease Is Selena Gomez secretly suffering from Lupus? New claims singer cancelled tour because of autoimmune disease The mystery deepens * First look: A movie still has been released from The Imitation Game, in which Benedict Cumberbatch plays mathematician Alan Turing, a German Enigma codebreaker in World War II He's cracked it! First look at Benedict Cumberbatch as World War II codebreaker Alan Turing in The Imitation Game Pulls boffin look off well * Sinitta Life is beach-y! Sinitta and her children hit the surf as they holiday with Simon Cowell and Lauren Silverman in Barbados Surf and turf * Savannah stamps her pink wellies! Peter Phillips' daughter refuses to keep her woolly hat on as she watches the Duke of Cambridge and Prince Harry play football A royal tantrum! Princess Anne's adorable granddaughter stamps her wellies and refuses to keep her hat on watching William and Harry play football * Sharing responsibilities: Keri Russell cradled her little one Willa, with River (right) looking on after being dropped off by their father Shane Dreary (not pictured) in New York City on Friday Recently separated Keri Russell greets her estranged husband Shane Dreary as he drops off children at NYC pad Putting on a united front * Too sweet to be a serial killer! Michael C. Hall takes his pup on a Christmas Eve stroll Too sweet to be a serial killer! Dexter star Michael C. Hall takes pup on Christmas Eve stroll Walking the dog in Los Angeles on Tuesday * Cancer fight: Jen Arnold shared this picture with her Twitter fans on Friday Little Couple star Jen Arnold bravely removes her wig in candid hospital picture as she begins second day of inpatient chemo treatment in cancer fight * Kim Kardashian proudly shows off her Christmas gift from Kanye West - a Hermes handbag customised with a nude painting by world renown contemporary artist Make-up free Kim Kardashian proudly shows off Christmas gift from Kanye West... a HUGE Hermes bag customised with nude painting by famous artist * The proof that Jennifer Aniston HASN'T shaved her head! Actress shows off her glossy locks after bald picture goes viral The proof that Jennifer Aniston HASN'T shaved her head! Actress shows off her glossy locks after bald picture goes viral Doctored photo from '06 * Kardashian sisters and mom Kris Jenner 'ordered to sit for depositions' in bitter legal battle with Robert's widow Kardashian sisters and mother Kris Jenner 'ordered to sit for depositions' in bitter legal battle with Robert's widow Not so happy families * The Only Way Is Darker: Amy Childs achieves new shades of dark as she promotes own-brand self-tan with selfie The Only Way Is Darker: Amy Childs achieves new shades of dark as she promotes own-brand self-tan with selfie Burnt Brentwood? * Tori Spelling is making husband Dean McDermott's life a 'living hell' in the wake of rumours that he cheated Tori Spelling 'is making husband Dean McDermott's life a living hell behind closed doors' in wake of cheating rumours They've got four kids * Keanu Reeves' 47 Ronin poised to top the list of 2013's biggest box-office bombs as Universal scrambles for damage control It's no Matrix: Keanu Reeves's 47 Ronin poised to top the list of 2013's biggest box office bombs as studio scrambles for damage control * Candace Cameron Bure 'I'm not this perfect woman who has it all together': Full House star Candace Cameron Bure on balancing Hollywood and family without a nanny * Root Vanish Goodbye to grey hair, forever? Zooey Deschanel's colorist makes nasty roots vanish with all-natural new cover-up gel * A long way from Baywatch! Make-up free Pamela Anderson covers up (a bit) on trip to a Malibu bakery In the nude! Make-up free Pamela Anderson covers up her famous figure in flesh-coloured maxi dress Cropped 'do is influencing muted style * 'She didn't say that? Of course she's not': Trance pioneer Paul Oakenfold left stunned at Paris Hilton's claims she's one of the top five highest earning DJs in the world 'She didn't say that? Of course she's not': Trance pioneer Paul Oakenfold left stunned at Paris Hilton's claims she's one of the top five DJs in the world * 'If you want to smoke weed, you're going to smoke weed': Miley Cyrus denies Joe Jonas' claims that she and Demi Lovato pressured him to use marijuana 'If you want to smoke weed, you're going to smoke weed': Miley Cyrus denies Joe Jonas' claims that she and Demi Lovato pressured him to use marijuana * Today's headlines * Most Read * Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of... * Bulgarians and Romanians could compete for the jobs of previous immigrants such as Poles Exposed: What they DIDN'T tell you about new wave of migrants heading for booming Britain * Out of their depth: Canoeists take advantage of the winter flooding on Worcester Racecourse Towns and cities across Britain at risk of flooding AGAIN as new 80mph gale sweeps in from Atlantic (and... * Immigration officials at one airport stopped more than 300 such health tourists over two years Three hundred pregnant foreigners stopped at just one airport after attempting to get into Britain to give... * Steven Gerrard has been named as a defendant in a case at London's High Court along with his wife Alex (right) and close friend Lee McPartland England football captain Steven Gerrard due in court weeks before 2014 World Cup Finals over 'street fight'... * Ferry fire Two men arrested after six people are airlifted to hospital from burning Amsterdam-bound ferry 'set on fire... * iPlayer: The service will remain, but some backdated programmes could soon cost up to £5 to download BBC to charge licence payers £5 to download favourite shows in challenge to Netflix and iTunes * A Lebanese soldier examines one of the shells that were fired by the Israeli army in retaliation for the rocket attack Israeli town hit by rocket attack from Lebanon leading to 'more than 30' shells being fired in retaliation * Household debt crisis: If interest rates rise faster than predicted some two million British households that spend more than half their income on repayments could treble by 2018 Millions set for debt crisis if interest rates rise warn experts as figures show number of families that... * Outrageous: Bernard Gray, chief of defence material, enjoyed a chauffeur-driven car and trips abroad Ministry of Defence boss tasked with targeting WASTE claims £100,000 in expenses in just a year * Starting over: Liz and David with her Romanian rescue dogs Hilda, left, and Spot at home in North Yorkshire Yes... it's a miracle! I found love with the boy next door: LIZ JONES spends Christmas with the man who... * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5million nearly destroyed us, say Ant... * One of the country's most unpopular rail companies, First Great Western, has received another unwelcome accolade - more crimes take place on its trains than on any other line The great train robberies: Most crimes of 'Worst Late Western' - whose season tickets rise 3.1% this week * Party time: A survey has found that three-quarters of people will stay at home this New Year's Eve A big night in this New Year's Eve with three-quarters staying at home * Whimper: Clock strikes midnight a year later... and nothing happens Sparks won't fly: Big Ben's big bang cancelled after last year's went phut * KEELEY Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' * Denis MacShane Vicky Pryce vows to stand by disgraced ex-MP boyfriend Denis MacShane after he is jailed for making £13,000... * Jowell Jowell's four-letter rant threatens bid to be London Mayor: Labour Dame turns air blue as she is accused of... * The family of British doctor Abbas Khan, who was found dead in his prison cell in Syria, believe he was sedated with drugs before being hanged by his captors Family of British surgeon killed in Syria say he was drugged and hanged by his captors then his body flushed... * Back in December 1913, not a single British newspaper carried the faintest suggestion that the worst war in human history was just months away 100 years after World War I, why I believe we stand again at the crossroads of history, by John Simpson * Preview £148million lottery winner who left husband last month falls for the Audi dealer who sold her a fleet of... * Action: Obese children have been taken away by social workers after being overfed by their families, it has been revealed Social workers are weighing in and taking away children from parents who give in to their cravings and feed... * Jailed: Tanvir Hussain, the cousin of Mr Tariq, was involved in a plot to blow up aircraft Border officials sacked over 'links to terrorism' sue for breach of their human rights after 'secret courts'... * Explosion: The blast occurred in the pool bar of the Bahia Principe Hotel in the south west of the island Mother and her eight-year-old daughter among three British tourists hurt after BEER PUMP explodes in hotel... * Amanda Knox has joined Twitter 'I have to accept that the Kerchers believe I’m guilty': Amanda Knox joins Twitter and claims she wants to... * Horlick Multi-millionaire superwoman Nicola Horlick: The agonising day I let a 'Child Whisperer' into my home... to... * Tortured toddler: Aiden Calvo, only two-years-old, was beaten to death by his parents, cops said Toddler found badly beaten in blood splattered room - mother and boyfriend are charged with murder after his... * Some people were reduced to trying on potential purchases over their existing clothes, while others just dumped their selections and headed to rival stores 'It's absolutely crazy': Anger as M&S closes fitting rooms to stop queues forming during busy periods (but... * Wolverhampton City Council have been accused of wasting money after sending leaflets to residents telling them how to dispose of wrapping paper Council recycling team sent out 166,000 letters warning people about shiny paper... and created a waste... * A taxing Christmas: Online returns mean there is now no reason not to fill them in on December 25 More than 1,500 tax returns were submitted online at Christmas Day... and the peak was when the rest of the... * Back in the kitchen: The picture of Nigella and her Christmas turkey posted on Twitter Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic... * Change: Sir Barney White-Spunner hopes a new charity will replace the RSPCA in fighting for animal welfare Countryside Alliance chief urges members to stop supporting 'sinister and nasty' RSPCA as they are now 'more... * Sale: This advert, which appeared on Craigslist on Boxing Day, lead to a woman having her children taken away Mother 'tries to sell baby on internet for £150,000': She says it was a joke - but now both of her children... * Barack Obama, David Cameron and Helle Thorning Schmidt might be fans of the selfie, but 2013's most popular word is in danger of being overtaken by a new set of terms 2013's weird and wonderful words and phrases: Selfies joined by boiling the ocean, phubbing and buffling * Confession: It would be pointless to drag Nigella Lawson back to court over her admissions of illegal drug use PETER HITCHENS: You can't prosecute Nigella - cocaine's been legalised * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... as Honours Committee snubs Becks (but Katherine Jenkins to get OBE in New Year... * Krishna Maharaj, 74, with his wife Marita Maharaj in London in the 1980's This Briton has spent 27 years in jail for murder. Now Colombian drugs barons admit they did it: The... * Hassan Isman Omer has been named as the victim of the fatal Boxing day shooting at the Avalon nightclub in London's West End Pictured: Man, 31, who was shot dead inside a West End nightclub at 3am on Boxing Day * British Prime Minister David Cameron Senior Tory says UKIP will triumph in Euro poll with Cameron finishing in 'embarrassing' third * Lord Judge, the former Lord Chief Justice, has warned the European Court has too much power and called for it to be reined in Former Lord Chief Justice warns European Human Rights court has too much power and is not answerable to... * The little-known Megatons-to-Megawatts programme, has seen 20,000 decommissioned Russian nuclear warheads transformed into nuclear energy in the US, heating millions of homes How America uses uranium from Russian Cold War nuclear warheads to heat millions of homes * The launch of Harry Potter and the Deathly Hallows in 2007: However a list of most borrowed children's books has not included the series for the first time since its launch Is Harry Potter losing his magic touch? Boy wizard fails to make it on to list of most borrowed children's... * A police force was involved in almost 800 car crashes last year with police drivers deemed responsible for over half of incidents. File image Police force had nearly 800 car crashes in just a year... costing taxpayers almost £400,000 * The Michael family from Brighton: Louis, 17, Alex, 23, father Andrew, mother Carolyne and Katy, 24 The Gogglebox Christmas awards: Forget the critics! Listen in on Britain's funniest family of sofa surfers... * The Metropolitan Police is being sued by a man whose car officers smashed with baseball bats arresting him Met Police sued by suspect who claims officers called him a 'black b*****d' as they smashed the windows of... * Abuse: Children's Commissioner Maggie Atkinson says under current smacking laws, adults and pets have better protection than children Children's tsar calls for parents to be completely banned from smacking their children because it is ‘abuse’ * Paul White who is believed to have attacked partner Shani Cockrell First picture of father who 'shot his girlfriend then killed himself as children slept nearby' * Jamie Tuthill Overweight Panto star shed eight stone after repeatedly being cast as a fat King in Christmas performances * (FILES) This file picture taken on January 15, 2012 shows French controversial humorist Dieudonne Mbala Mbala delivering a speech prior to the premiere screening of his movie "Antisemite" (Anti-Jewish) on the stage of the "Main d'Or" theatre in Paris. Associations fighting racism and antisemitism have threatened to sue people posing near venues linked to the Jewish community and making the "quenelle" gesture. The "quenellle" gesture, extending ones right hand toward the ground while the left hand grasps the shoulder, was devised by Dieudonne Mbala Mbala, who has been condemned in court for incitement to racial hatred and discrimination. AFP PHOTO / PATRICK KOVARIKPATRICK KOVARIK/AFP/Getty Images Footballer Nicholas Anelka under fire for 'making French anti-Semitic gesture' after scoring a goal * China has formally eased its one child policy, meaning that any couple where one of them is an only child can have two children China formally eases one-child policy for parents who didn't have a brother or sister while growing up * MORE HEADLINES * UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society * Exposed: What they DIDN'T tell you about new wave of migrants heading for booming Britain * £148million lottery winner who left husband last month falls for the Audi dealer who sold her a fleet of luxury cars after her big win * Three hundred pregnant foreigners stopped at just one airport after attempting to get into Britain to give birth for free on the NHS * No Ladyship for Posh... as Honours Committee snubs Becks (but Katherine Jenkins to get OBE in New Year awards) * England football captain Steven Gerrard due in court weeks before 2014 World Cup Finals over 'street fight' row * Two men arrested after six people are airlifted to hospital from burning Amsterdam-bound ferry 'set on fire by passenger' * BBC to charge licence payers £5 to download favourite shows in challenge to Netflix and iTunes * Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' * Fiona Bruce's £400,000 hunch: Antiques Roadshow star spots that £400 painting is really a Van Dyck worth a thousand times as much * This Briton has spent 27 years in jail for murder. Now Colombian drugs barons admit they did it: The Rolls-Royce-driving socialite sentenced to death for gang hit and the new evidence making a mockery of US justice * Sparks won't fly: Big Ben's big bang cancelled after last year's went phut * 100 years after World War I, why I believe we stand again at the crossroads of history, by John Simpson * Family of British surgeon killed in Syria say he was drugged and hanged by his captors then his body flushed with fluids to ruin a post-mortem * Footballer Nicholas Anelka under fire for 'making French anti-Semitic gesture' after scoring a goal * Jowell's four-letter rant threatens bid to be London Mayor: Labour Dame turns air blue as she is accused of faking tears over marriage split * These shots are the BOMB! Tumblr releases list of 2013's best Photobombs * Vicky Pryce vows to stand by disgraced ex-MP boyfriend Denis MacShane after he is jailed for making £13,000 in false expenses claims * Mother 'tries to sell baby on internet for £150,000': She says it was a joke - but now both of her children are in care * Towns and cities across Britain at risk of flooding AGAIN as new 80mph gale sweeps in from Atlantic (and thousands are still without power) * In a league of his own: How one man's home became the ultimate football shrine - complete with Southampton's dug-out and a vintage turnstile * Loyal dog braves sub-zero temperatures overnight to guard the body of his dead canine friend who was run over * Toddler found badly beaten in blood splattered room - mother and boyfriend are charged with murder after his death days later * A big night in this New Year's Eve with three-quarters staying at home * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * PETER HITCHENS: You can't prosecute Nigella - cocaine's been legalised * MAIL ON SUNDAY COMMENT: We deserve the truth on immigration * LIZ JONES: Did you hear the one about the unfunny, smug, male comedians? * JOHN SIMPSON: 100 years after World War I, why I believe we stand again at the crossroads of history * RACHEL JOHNSON: My Christmas was absolutely perfect... for three seconds * Why did Holly Willoughby's dress cause such a stir... and is there really a lizard called Brucius Forsyth? You'll find out in our gloriously irreverent 2013 quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 29, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + Toby Keith's New Restaurant Displays 'No Guns Permitted' Sign, Angers Gun Fans2.9k + Not Just Poor People Get Hosed When Congress Lets Unemployment Insurance Expire5.7k + Here Are All The Times Congress Screwed Americans This Year In The Name Of Austerity2.6k + 25 Things You Wish You Hadn't Learned In 2013 And Must Forget In 201470 + Man Sentenced To Die Behind Bars For Non-Violent Crime Describes The Day His Luck Changed294 + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + The Worst Product Flops of 201385 + Target Makes Disturbing Admission512 + Wells Fargo Ordered To Buy Back Securities Worth $94 Million55 + Workers Will Probably Still Be Getting Stiffed In 2014799 + Delta To Honor $25 Round-Trip Fares Caused By Computer Glitch15 + Go to Biz More in Biz + Small Biz + Money You might also like + World + Tech + Media + Arts + Sports + Weird News + Smarter Ideas + Urban Progress * Entertainment + Famed Musician Dies At 5928 + Britney Spears Rocks Her Vegas Debut56 + Apology Offered Over Controversial '12 Years A Slave' Ads150 + Miley Cyrus Tops Herself276 + Justin Bieber Isn't Actually Retiring19 + Go to Entertainment More in Entertainment + Celebrity + TV You might also like + Comedy + Arts + Books + Food + Style + Weird News + Moviefone * Media + New York City Losing Its Only Progressive Talk Radio Station980 + Glenn Greenwald Condemns Media607 + Biggest Newspaper, Magazine Covers Of 201341 + WATCH: Glenn Greenwald Calls Out MSNBC725 + CNN Chief Hints At 2014 Changes195 + Go to Media More in Media + Eat The Press + Calderone: The Backstory You might also like + Entertainment + TV + Comedy + Arts + Books + Religion + Moviefone * World + 11 Stories You Missed In 2013 That Should Totally Be Made Into Movies16 + Pussy Riot Calls For Olympics Boycott468 + 'White Army' Militia Marches To Fight In South Sudan17 + China's Criticized Penal System Abolished, Prisoners To Be Released56 + Beirut Bomb Throws Lebanon Into Further Turmoil28 + Go to World More in World + Foreign Affairs + Drug War + Afghanistan + Syria Conflict + World Videos You might also like + Travel + Politics + Biz + Tech + Religion * Sports + Gruesome Leg Injury Ends UFC Title Fight77 + Peyton's Record-Tying Touchdown Shouldn't Have Counted144 + French Soccer Star Celebrates Goal With 'Shocking, Disgusting' Gesture34 + ESPN Broadcaster Saves His Partner's Life11 + Vika Takes Down Serena + Go to Sports More in Sports + NFL + College Football + MLB + Fails + Highlights You might also like + TV + Food + Tech + Comedy + Weird News * Tech + Don't Talk About Your 'Hot Cousin' On Twitter, People!204 + You've Never Seen Google Street View Like This + Why We Should All Fear The Righteous Online Mob562 + 'Game Of Thrones' Wins Dubious Honor ... 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The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. 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(AP Photo) * South Carolina State House (Columbia, S.C.) Pictured on Monday, Jan. 21, 2008. (Photo by Chris Hondros/Getty Images) * South Dakota State Capitol (Pierre, S.D.) Pictured on Tuesday, Jan. 10, 2012. (AP Photo/Doug Dreyer) * Tennessee State Capitol (Nashville, Tenn.) Pictured on Tuesday, Sept. 30, 1941. (AP Photo) * Texas State Capitol (Austin, Texas) Pictured on Tuesday, Oct. 4, 2011. (MIRA OBERMAN/AFP/Getty Images) * Utah State Capitol (Salt Lake City) Pictured on Thursday, March 15, 2001. (GEORGE FREY/AFP/Getty Images) * Vermont State House (Montpelier, Vt.) Pictured on April 9, 1953. (AP Photo/Francis C. Curtin) * Virginia State Capitol (Richmond, Va.) Pictured on Wednesday, May 2, 2007. (Photo by Chris Jackson/Getty Images) * Washington State Capitol (Olympia, Wash.) Pictured on Wednesday, Jan. 18, 2012. (AP Photo/Rachel La Corte) * West Virginia State Capitol (Charleston, W.V.) Pictured on July 2, 2010. (MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 451k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Sunday 29 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Tuiasosopo guides Huskies to timely bowl victory 2. Judge: SeaTac's $15 wage floor can't include airport workers 3. Huskies score a hard-fought 31-16 victory in the Fight Hunger Bowl 4. Huskies' Austin Seferian-Jenkins will turn pro 5. 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend... put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * 2014 Arts Preview * Q&A: Growing Pot * Broncos Season in Photos * The Fire Line * Duck Dynasty * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Nathan MacKinnon the "total package" for Colorado Avalanche High stakes for families losing unemployment benefits No al-Qaeda link found to Benghazi attack, investigation shows Despite files, Newtown school shooter Adam Lanza remains enigma Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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Full Story Britney Spears' Las Vegas residency a departure 'American Hustle' a portrait of swank '70s fashion A&E reverses decision on 'Duck Dynasty' patriarch The Bottom Line * Celebrities * Culture * Oddities * Comedy * Good News * Comics * Games * Advice * Polls __________________________________________________________________ Blogs <> Privacy Policy | Terms of Use | MNG Corporate Site Map | Copyright [MNG_footerGraphic.jpg] IFRAME: //s.thebrighttag.com/iframe?c=sfWGaRL #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Steven Gerrard + David Beckham + Victoria Beckham + Andy Burnham + Paul Walker Popular this week + Mirror Christmas appeal + Ronnie Biggs + Nigella Lawson + Lord Hanningfield + Politics * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Arsene Wenger + Diego Costa + Thibaut Courtois + Nicolas Anelka + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Miley Cyrus + Father Christmas + Tamzin Outhwaite + Tom Ellis + Cheryl Cole Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Ant McPartlin + Ant & Dec + Charlie Brooks + Michael Moon + Simon Cowell Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Duchess of York + Sarah Ferguson + Linda McCartney + Yoko Ono + Hunter Davies Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Father Christmas + Jose Mourinho + Miley Cyrus + Kate Middleton, Duchess of Cambridge + Matt Smith * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Ant McPartlin + Ant & Dec + Tim Krul + Miley Cyrus + Steven Gerrard Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Crime * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron ally Alan Lewis's business empire funded by tax haven millions * Oct 06, 2013 00:00 * By Dominic Herbert * Share * Share * Tweet * +1 * Email Posh overcoat firm Crombie trades on its patriotic British image but there is a tangled web of offshore connections in the Caribbean Rich: Mr Lewis is worth £220m Rich: Mr Lewis is worth £220m Alan Davidson/The Picture Library Ltd Tory vice chairman Alan Lewis’s business empire has been funded by millions of pounds from a controversial offshore tax arrangement. The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. Drowning Doesn’t Look Like Drowning * 2. Why Do Jews Hate Mayonnaise? * 3. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists Beta male: grandparents and gifts Published at 3:01PM, December 28 2013 ‘The nature of this present has coloured my view of Hungarians – not to mention my grandma, not to mention my grandma’s opinion of me – ever since’ Bidding farewell to a very difficult year Published at 12:13PM, December 28 2013 “‘What a rotten year you’ve had,” says the nurse.Yes, 2013 has been particularly shabby’ 2013 and the end of belief Published at 12:09PM, December 28 2013 ‘What we need to do is stop talking about our political feelings and beliefs and find out, once and for all, which one actually works’ The symbols of modern Britain Published at 12:01AM, December 28 2013 We will always be the land of Shakespeare, the monarchy and parliamentary democracy Related topics: * Technology + Google Inc. 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. 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If you know of a story that we should be investigating, please let us know about it Post Customer Liaison 3 Thomas More Square, London E98 1RL Other useful contacts #alternate publisher HuffPost Search David Cameron Reaches Agreement With British 'Tax Havens' Like Jersey, Cayman Islands On Tax Evasion David Cameron Reaches Agreement With British 'Tax Havens' Like Jersey, Cayman Islands On Tax Evasion HuffPost's QuickRead... Loading... HuffPost's QuickRead... 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David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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Giving the gift of time * Videos * Photos Search ____________________ (BUTTON) Go Independent.ie› Business› Irish› Ireland not a tax haven, says OECD Comments * Email * Print * Font Size Pascal Saint-Amans /> Pascal Saint-Amans: keynote speaker at tax conference Peter Flanagan – 24 July 2013 IRELAND is not a tax haven, and there is little this country can do on its own to amend global tax laws, a senior OECD official said yesterday. Also in this section A year of drama over Nama and house prices beckons as Troika exits stage left A wish list for Irish business in 2014 It's Boomtown for Bob with €6m dividends Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size The Treasury Building where NAMA is based More in Irish (1 of 20 articles) A year of drama over Nama and house prices beckons as Troika exits stage left Read More Also in this Section The Treasury Building where NAMA is based A year of drama over Nama and house prices beckons as Troika exits stage left OUR prediction last year totally nailed the biggest deal of 2013, by forecasting that 3 would swoop to buy Telefonica's O2 Ireland business. We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. A wish list for Irish business in 2014 Early rise for bargain hunters as shops aim to end year on a high 'My AIB Laser card cost me €200' Tablet demand gives much-needed boost to tech shops 16 big business moments of 2013 Our total debt falls by €20bn but it's still a huge €1.62tn Classifieds CarsIreland [Any Make_____________] [Any Model] [Any Year] (BUTTON) Search Yourlocal What? (e.g. cafe, ba Where? 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We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. Most Read 1. Thirteen hour siege ends as armed man surrenders 2. Man arrested after four-wheel-drive rams pub and dole office 3. Brothers lured to 'peace' house then ambushed in bloodbath 4. Dream day as young TD marries long-term sweetheart 5. Fresh bid to end dispute over will of murder-suicide dad Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery IBI, SPAIN - DECEMBER 28: Revellers take part in the battle of 'Enfarinats', a flour fight in celebration of the Els Enfarinats festival on December 28, 2013 in Ibi, Spain. Citizens of Ibi annually celebrate the festival with a battle using flour, eggs and firecrackers. The battle takes place between two groups, a group of married men called 'Els Enfarinats' which take the control of the village for one day pronouncing a whole host of ridiculous laws and fining the citizens that infringe them and then another group called 'La Oposicio' which try to restore order. At the end of the day the money collected from the fines is donated to charitable causes in the village. The festival has been celebrated since 1981 after the town of Ibi recovered the tradition but the origins remain unknown. (Photo by David Ramos/Getty Images) Flour power: The battle of the 'Enfarinats' Your photos Send us your weather photos promo Celebrity News Bono of U2 performs on stage. U2 returning to Island home Rock superstars U2 are to go back to their spiritual home by returning to the record label that discovered them in the 1970s. End of an era as Yvonne looks to pastures new It's the end of an era for Yvonne Keating. And the start of a new life, however painful initially, for the beautiful ex-model and TV star. . . Reunion: Catherine Zeta Jones. Photo: Jason Merritt Douglas has Christmas wish granted Michael Douglas got exactly what he wanted this Christmas: the opportunity to celebrate the day with estranged wife Catherine Zeta Jones and their two kids, Dylan ,13, and Carys ,10, at the family's Central Park West apartment. Yvonne Keating End of an era as Yvonne looks to pastures new It's the end of an era for Yvonne Keating. 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After being spotted together at the Galway Races in Ballybrit, it was clear the Carlow presenter had recovered from her split with long-term partner, garda Enda Waters, and found love again. The infamous Saatchi-Lawson photo from Scott’s restaurant in London Celebrity News: An 'amazeyballs' year of twerks and tweets It was the year of the tweet and the twerk -- when a jaw-dropping performance by Miley Cyrus briefly became the world's biggest news story and celebs and social media combined to create even more blurred lines. Nigella Lawson says she is not a fan of conflict, and uses food to bring harmony to situations I am conflict-averse, says Nigella Her acrimonious split from Charles Saatchi has hogged the headlines, but Nigella Lawson says that she hates conflict. Zoe Saldana sees fashion as art Saldana: I'd like to buy a pair Zoe Saldana has admitted she has thought about splashing out on breast enhancement surgery. By using this website you consent to our use of cookies. 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The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People Lynton Crosby David Cameron See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Manchester Brain-powering the North RAF Reserves Watch reservists’ stories Find the right role for you, from photographer to intelligence officer More from Politics Blunkett calls for new rules on TV satire of politicians Last updated at 2:26AM, December 28 2013 David Blunkett has suggested that comedy shows such as Mock The Week and Have I Got News For You should be reclassified as current affairs programmes in order to face tougher scrutiny from libel lawyers Ministers to block ‘right to marry’ Last updated at 12:01AM, December 28 2013 Chris Grayling, the Justice Secretary, dismissed as ‘absurd’ the latest moves to integrate the Charter of Fundamental Rights into UK courts Party leaders unite for Syria’s children Published at 12:01AM, December 28 2013 The Conservative and Labour leaders will join Nick Clegg in urging other nations to support a United Nations appeal to help the wartorn country Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Sunday, Dec 29 2013 9AM 3°C 12PM 6°C 5-Day Forecast show ad * * * * * 0 shares * Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society THE HEADLESS MAN UNMASKED: After 50 years, PanAm boss is revealed as the partner in sex picture with the Duchess of Argyll that scandalised Sixties society * Bulgarians and Romanians could compete for the jobs of previous immigrants such as Poles Exposed: The true cost of our open borders revealed in secret report that warns of damaging impact on schools, jobs and hospitals as wave of migrants head to booming UK * Immigration officials at one airport stopped more than 300 such health tourists over two years Three hundred pregnant foreigners stopped at just one airport after attempting to get into Britain to give birth for free on the NHS * Steven Gerrard has been named as a defendant in a case at London's High Court along with his wife Alex (right) and close friend Lee McPartland England football captain Steven Gerrard due in court weeks before 2014 World Cup Finals over 'street fight' row * Anthony Perrett I was forced to survive on bread and water in Russian prison because it didn't serve vegetarian alternative says freed British Greenpeace activist * KEELEY Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' * Household debt crisis: If interest rates rise faster than predicted some two million British households that spend more than half their income on repayments could treble by 2018 Millions set for debt crisis if interest rates rise warn experts as figures show number of families that spend half their income on repayments could treble by 2018 * Outrageous: Bernard Gray, chief of defence material, enjoyed a chauffeur-driven car and trips abroad Ministry of Defence boss tasked with targeting WASTE claims £100,000 in expenses in just a year * Ferry fire Seven airlifted to hospital from packed North Sea ferry after 'passenger sets fire to cabin' on Amsterdam-bound ship * iPlayer: The service will remain, but some backdated programmes could soon cost up to £5 to download BBC to charge licence payers £5 to download favourite shows in challenge to Netflix and iTunes * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5million nearly destroyed us, say Ant and Dec * Israel border Israeli town hit by rocket attack from Lebanon leading to 'more than 30' shells being fired in retaliation * First Great Western (FGW) - dubbed 'Worst Late Western' by passengers for its frequent delays - saw an average of three offences on its trains every day last year, according to new figures The great train robberies: Most crimes of 'Worst Late Western' - whose season tickets rise 3.1% this week * Starting over: Liz and David with her Romanian rescue dogs Hilda, left, and Spot at home in North Yorkshire Yes... it's a miracle! I found love with the boy next door: LIZ JONES spends Christmas with the man who dumped her 30 years ago * Party time: A survey has found that three-quarters of people will stay at home this New Year's Eve A big night in this New Year's Eve with three-quarters staying at home * Whimper: Clock strikes midnight a year later... and nothing happens Sparks won't fly: Big Ben's big bang cancelled after last year's went phut * Out of their depth: Canoeists take advantage of the winter flooding on Worcester Racecourse Towns and cities across Britain at risk of flooding AGAIN as new 80mph gale sweeps in from Atlantic (and thousands are STILL without power) * Denis MacShane Vicky Pryce vows to stand by disgraced ex-MP boyfriend Denis MacShane after he is jailed for making £13,000 in false expenses claims * Jowell Jowell's four-letter rant threatens bid to be London Mayor: Labour Dame turns air blue as she is accused of faking tears over marriage split * Preview £148million lottery winner who left husband last month falls for the Audi dealer who sold her FIVE luxury cars after her big win * The family of British doctor Abbas Khan, who was found dead in his prison cell in Syria, believe he was sedated with drugs before being hanged by his captors Family of British surgeon killed in Syria say he was drugged and hanged by his captors then his body flushed with fluids to ruin a post-mortem * Back in December 1913, not a single British newspaper carried the faintest suggestion that the worst war in human history was just months away JOHN SIMPSON: 100 years after World War I, why I believe we stand again at the crossroads of history * Action: Obese children have been taken away by social workers after being overfed by their families, it has been revealed Social workers are weighing in and taking away children from parents who give in to their cravings and feed them too much * Jailed: Tanvir Hussain, the cousin of Mr Tariq, was involved in a plot to blow up aircraft Border officials sacked over 'links to terrorism' sue for breach of their human rights after 'secret courts' rule stops them from seeing evidence * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. Share or comment on this article * * * * * MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1A4F53CA00000578-537_154x115.jpg] CCTV: Six-year-old girl robs Saudi Arabian jewellery store * [video-undefined-1A51847E00000578-763_154x115.jpg] First footage of Tenerife 'beer pump' explosion hotel * [video-undefined-1A4EFD4100000578-930_154x115.jpg] Not your usual ice cream seller: Magical vendor teases... * [video-undefined-1A4F785D00000578-627_154x115.jpg] VIDEO: MailOnline news BLOOPERS of 2013 supercut * [video-undefined-1A4F499C00000578-268_154x115.jpg] WANTED by police: Naked burnout biker drives through Munster * [video-undefined-1A4E7DA200000578-56_154x115.jpg] Kim Kardashian flaunts ample cleavage Keeping Up new promo * [video-undefined-1A4FAE8800000578-638_155x122.jpg] Teens are part of chaotic scene at Brooklyn mall * [video-undefined-1A4E8E4600000578-244_154x115.jpg] VIDEO: Reporter tries to shout as WATERFALL blown wrong way... * [video-undefined-1A51658800000578-960_154x115.jpg] Aftermath of Beirut blast which killed Lebanese teen * [video-undefined-1A4FBA8400000578-702_154x115.jpg] Inside Sandy Hook Elementary after the massacre MOST READ NEWS * Previous * 1 * 2 * 3 * Next * Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of... * Bulgarians and Romanians could compete for the jobs of previous immigrants such as Poles Exposed: What they DIDN'T tell you about new wave of... * Preview £148million lottery winner who left husband last month falls... * Immigration officials at one airport stopped more than 300 such health tourists over two years Three hundred pregnant foreigners stopped at just one... * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... as Honours Committee snubs Becks... * Steven Gerrard has been named as a defendant in a case at London's High Court along with his wife Alex (right) and close friend Lee McPartland England football captain Steven Gerrard due in court weeks... * Ferry fire Two men arrested after six people are airlifted to hospital... * iPlayer: The service will remain, but some backdated programmes could soon cost up to £5 to download BBC to charge licence payers £5 to download favourite shows... * KEELEY Spooks star Keeley Hawes 'forced out of West End show after... * Fiona Bruce's £400,000 hunch: Antiques Roadshow star spots that £400 painting is really a Van Dyck worth a thousand times as much Fiona Bruce's £400,000 hunch: Antiques Roadshow star spots... * Krishna Maharaj, 74, with his wife Marita Maharaj in London in the 1980's This Briton has spent 27 years in jail for murder. Now... * Whimper: Clock strikes midnight a year later... and nothing happens Sparks won't fly: Big Ben's big bang cancelled after last... [btn_add-your-comment.png] [icon_comments_74.png] Comments (19) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [1351098709505441_p.jpg?cb=20131229] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131229] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131229] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131229] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131229] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131229] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131229] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131229] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131229] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131229] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties... 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Now the secret she took to her grave is revealed to... * Comments (274) Bulgarians and Romanians could compete for the jobs of previous immigrants such as Poles Exposed: What they DIDN'T tell you about new wave of migrants heading for booming Britain After immigration controls are lifted this week, Britons could find their jobs are squeezed in some areas – while community tensions could... * Comments (184) Immigration officials at one airport stopped more than 300 such health tourists over two years Three hundred pregnant foreigners stopped at just one airport after attempting to get into Britain to give birth for free on the NHS The women are duping airlines - who normally forbid expectant mothers more than 36 weeks pregnant to fly - so they can receive the free... * Comments (491) Steven Gerrard has been named as a defendant in a case at London's High Court along with his wife Alex (right) and close friend Lee McPartland England football captain Steven Gerrard due in court weeks before 2014 World Cup Finals over 'street fight' row Steven Gerrard, 33, his wife Alex, 31, and their close friend Lee McPatland, 43, have been named as defendants in papers filed at London's... * Comments (30) Anthony Perrett I was forced to survive on bread and water in Russian prison because it didn't serve vegetarian alternative says freed British Greenpeace... Anthony Perrett, one of the Arctic 30, refused to eat the food offered by guards in Murmansk and St Petersburg prisons in Russia. The... * Comments (0) KEELEY Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' The Mail on Sunday has learned that Spooks star Ms Hawes and 80-year-old Ms Hancock have been rowing fiercely since rehearsals began for... * Comments (37) Household debt crisis: If interest rates rise faster than predicted some two million British households that spend more than half their income on repayments could treble by 2018 Millions set for debt crisis if interest rates rise warn experts as figures show number of families that spend half their income on... The Resolution Foundation is urging banks to start checking on debtors now based on figures from the Office of Budget Responsibility. * Comments (38) Outrageous: Bernard Gray, chief of defence material, enjoyed a chauffeur-driven car and trips abroad Ministry of Defence boss tasked with targeting WASTE claims £100,000 in expenses in just a year Bernard Gray, who was appointed to help manage the budget, enjoyed 106 stays in London and Bristol hotels, for £23,000, despite living less... * Comments (4) Ferry fire Two men arrested after six people are airlifted to hospital from burning Amsterdam-bound ferry 'set on fire by passenger' More than 1,000 people were aboard the King Seaways service (pictured) which left North Shields, near Newcastle, at 5pm and was heading for... * Videos iPlayer: The service will remain, but some backdated programmes could soon cost up to £5 to download BBC to charge licence payers £5 to download favourite shows in challenge to Netflix and iTunes Doctor Who, Luther, Sherlock, Murphy's Law and Human Planet are all included in the policy, which will apply to popular hits which have not... * Comments (387) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * Seriously? 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Kelly Osbourne reveals her latest bob hairstyle after chopping off inches of her locks Another big change * Party time: Danielle O'Hara celebrates 30th with another celebration She's a firecracker! Flame-haired Danielle O'Hara celebrates her 30th birthday with yet another celebration Made the most of her 30th birthday * Britney Bowled over! Delighted Britney Spears thanks Celine Dion for 'beautiful' basin full of roses sent to welcome her to Las Vegas Welcome mat rolled out * spears 'I would love to act': Britney Spears reveals her desire to star in more movies following her smash hit opening night of Las Vegas show Repeat of Crossroads? * Britney Spears Seven costumes, two wigs, 23 hits singles and 7,000 screaming fans: Britney Spears opens her Las Vegas residency with storming 90-minute trip down memory lane * Gabi and Cressie MOS Diary: Wilde child who is Prince Harry's girlfriend Cressida Bonas's sister Born Gabriella Anstruther-Gough-Calthorpe * 'Everything is so temporary': Khloe Kardashian posts sad message of loss and reflection as she faces New Year without Lamar Odom 'Everything is so temporary': Khloe Kardashian posts sad message of loss and reflection as she faces New Year without Lamar Odom * Woowee! Simon Cowell was seen getting his adrenaline flowing on a jet ski in Barbados on Saturday, while his pregnant girlfriend was no where in sight Adrenaline junkie: Simon Cowell heads out on a jet ski adventure as he leaves pregnant girlfriend Lauren Silverman back at their hotel * Getting in gear: Kaley Cuoco worked up a sweat at Soul Cycle in West Hollywood, California on Saturday, days before she ties the knot She's got to look her best! Kaley Cuoco squeezes in spinning class ahead of lunch with fiance Ryan Sweeting... days before she ties the knot * How many bikinis does she own? Rihanna shows off her enviable figure in yet another two piece while soaking up the sun in Barbados How many bikinis does she own? Rihanna shows off her enviable figure in yet another two piece while soaking up the sun in Barbados New day, new bikini * Lily Cole and hawking MOS Diary: A Brief History of Tea as Lily Cole and Professor Stephen Hawking become friends Brainbox model has a new gentleman friend * Bennett MOS Diary: Playwright Alan Bennett in 'bury her at night' blast at Margaret Thatcher Branded the late Baroness Thatcher a 'mirthless bully' * Lara Pulver Lara Pulver: 'Bond was a womanser, Flemng was a brute' Lara Pulver has taken on the rola as the original Bond girl - Ian Fleming's wife Ann * Gift for the Gleeks! Lea Michele released her new balled Battlefield on Friday 'You and I have to let each other go': Lea Michele pours out her heart in newest ballad Battlefield Surprised fans with a new single * Myleene Klass She's a sexy señorita! Myleene Klass shows off her perfect bikini curves as she relaxes in a jacuzzi in Mexico Not lost her touch seven years after I'm A Celeb... * Miranda Kerr Taking her eye off the ball! Miranda Kerr can't resist taking cheeky selfies at basketball game with her cousin Bec Courtside cutie * Chic: Petra Stunt works a neutral hued top and skinny jeans on outing with baby Lavinia Pretty as a Petra! Mrs Stunt steps out with baby Lavinia, looking effortlessly stunning in neutral hues and ripped skinny jeans Looking Stunt-ing * 'It might surprise people but I'm pretty good at impersonating men in the football world,' said Gabby 'I do an excellent Alan Hansen and Roy Hodgson. And I frequently lapse into Brian Clough': Inside the head of... Gabby Logan Playing players * christian bale_.jpg Holy Moses, Batman! From superhero to biblical prophet, Christian Bale is transformed for Ridley Scott epic Exodus Scruffed up * Kardush Give your body the star treatment: Celebrities reveal how they sorted their health problems Including Khloe Kardashian, Sarah Harding, Julie Walters * THE MAIN EVENT: For sheer take-your-breath-away, that's-why-we-go-to-the-cinema entertainment it would be impossible to beat the first hour of Alfonso Cuaron's Gravity The Good, The Bad... and The Bowie: From Gravity to Behind The Candelabra, 2013 in culture The Event critics sort the hits from the misses * Does he live a normal life? 'Normal is subjective. Compared to other people in the business I do live a normal life. I can't get off set and away from it fast enough,' said Joaquin Phoenix 'My life is really simple... I even bore myself': Why Joaquin Phoenix is Hollywood's reluctant superstar If there was an Oscar for oddballs, it would be his * Lucy Mecklenburgh Now THAT'S a Highland fling! Former TOWIE star Lucy Mecklenburgh turns heads in a tartan minidress and statement necklace Former TOWIE babe * They spent Christmas with his family in Cincinnati, Ohio. And after a week and a half in his hometown, Nick Lachey looked happy to be returning to Los Angeles on Saturday with his wife Vanessa Minnillo and their son Camden. Happy to be home! Nick Lachey returns to Los Angeles with Vanessa and adorable son Camden after Christmas in Ohio * Taking a break: Justin Bieber posted a photo to his Twitter and Instagram accounts of himself snowmobiling in an unknown location on Saturday Finally a vacation: Justin Bieber hits the snow after a year filled with work and scandal Posted a glimpse of to his Twitter of himself snowmobiling * Naomi Campbell All friends here: Naomi Campbell soaks up the sun alongside ex Flavio Briatore's wife Elisabetta Gregoraci Holidaying in Kenya * She said yes! Model-turned-actress Analeigh Tipton to wed longtime boyfriend Aaron McManus She said yes! Model-turned-actress Analeigh Tipton to wed longtime boyfriend Aaron McManus Swapping the runway for the aisle * Toned down: Cara Delevingne opted for a refined look as she showed off her bikini body in Barbados on Saturday Simply stunning! Cara Delevingne displays her toned figure in a blue string bikini while holidaying in Barbados The 21-year-old went with a subtle glam look * Sam Bailey She's got game! Sam Bailey entertains the crowds with her powerhouse voice at final of the Big Game 6 rugby match Harlequins vs Exeter * clifford X Factor winner Sam Bailey was secretly mentored by PR guru Max Clifford after he spotted her performing in a village pub Sam snared a £1million * Fleetwood Mac: Mick Fleetwood, Christine McVie, John McVie, Stevie Nicks and Lindsey Buckingham at the time of Rumours You make fighting fun: OK, Lindsey Buckingham admits, I did kick Stevie Nicks... Fleetwood Mac are back... and still settling old scores * kellie Get to the chopper! Kellie Pickler flies in helicopter during holiday tour to salute troops in Afghanistan Riding high * Grumpy: Anne Hathaway is believed to have left a bag of dog poo on a photographer¿s car as a ¿present¿ Bah humbug! Grumpy Anne Hathaway 'leaves bag of dog poo on photographer's car' Christmas 'present' for the paparazzo * Making a splash! Stephanie Seymour, 45, shows off her incredible bikini body as she enjoys a family holiday in St Barts Now she's just showing off! Stephanie Seymour, 45, again flaunts her incredible bikini body as she frolics in St Bart's Ex Angel has still got it * Beauty has a big heart: Gisele Bundchen steps out makeup free in Boston just days after making a teenage cancer patient's Christmas wish come true Beauty has a big heart: Gisele Bundchen steps out makeup free in Boston just days after making a teenage cancer patient's Xmas wish come true * Modern family! Penny Lancaster, 42, carries her own luggage while husband Rod Stewart, 68, takes care of son Aiden, aged two, as they touch down in Miami Modern family! Penny Lancaster, 42, carries her own luggage while husband Rod Stewart, 68, takes care of son Aiden, aged two, as they touch down in Miami * Michelle Keegan As Michelle Keegan prepares to bow out, Coronation Street bosses hint at MORE departures when show moves to new, high-tech home * Her best look yeti! Alex Gerrard steps out in a shaggy white, stripy fur coat on shopping run Her best look yeti! Alex Gerrard steps out in a shaggy white, stripy fur coat on shopping run Looked chic in a cosy winter jacket while out in her native Liverpool * Tracey Ullman Smiling despite the anguish: Tracey Ullman ventures out after death of husband Allan McKeown Stepped out for coffee with a friend * Ollie Locke Made In Chelsea's Ollie Locke to join Celebrity Big Brother... as producers hope he finds love with TOWIE star Sam Faiers Latest to sign up New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Isla Fisher Aloha! Isla Fisher enjoys a fun day at the beach with husband Sacha Baron Cohen and children in Hawaii They're known for having a barrel of laughs * Jennifer Aniston and Justin Theroux brush off break-up rumours as the happy couple land in Mexico for a romantic New Year's Eve getaway Jennifer Aniston and Justin Theroux brush off break-up rumours as the happy couple land in Mexico for a romantic New Year's Eve getaway Maybe heat will help * Back on the beat! Blake Shelton casts a rugged spell in jeans and black shirt as he performs a free concert for fans in North Carolina Back on the beat! Blake Shelton casts a rugged spell in jeans and black shirt as he performs a free concert for fans in North Carolina * Kristina How to avoid dancing like an embarrassing Dad this New Year's Eve: Strictly star KRISTINA RIHANOFF give you tips about how to survive the party season in style * What's wrong? Jessica Alba looked upset as she arrived in Los Cabos, Mexico on Friday Why so glum? Jessica Alba looks grumpy as she lands in gorgeous Los Cabos, Mexico with husband and kids Yet her shirt bore words: 'RAD RAD RAD' * 'Killing it on the mountain': Paris Hilton strikes sexy model poses in full makeup and coiffed hair during Aspen ski trip 'Killing it on the mountain': Paris Hilton strikes sexy model poses in full makeup and coiffed hair during Aspen ski trip Posing on piste * Just married! Singer Vanessa Carlton glows in flowered crown for boho wedding to rocker John McCauley... as Fleetwood Mac's Stevie Nicks officiates Just married! Singer Vanessa Carlton glows in flowered crown for boho wedding to rocker John McCauley... as Fleetwood Mac's Stevie Nicks officiates * DAVID SEAMAN 'If it wasn't for the show, I may not have met her': David Seaman to marry Dancing On Ice's Frankie Poultney after four years of dating Goalkeeper scored! * Danny Cipriani Danny Cipriani 'gives Kelly Brook a diamond Cartier bracelet for Christmas' in a bid to win her back They say diamonds are a girl's best friend * 'Rise and grind!': Kendall Jenner keeps busy with her workout routine as she hasn't seen boyfriend Harry Styles in almost TWO weeks 'Rise and grind!': Kendall Jenner looks thin and glum as she exits a gym... hasn't seen boyfriend Harry Styles in almost TWO weeks * Rosie Huntington-Whiteley and Jason Statham Rosie Huntington-Whiteley and Jason Statham take their dogs for a walk on the beach Making the most of her time in Malibu this Christmas * 'Like father... like daughter!' Kim Kardashian reveals her six-month-old baby girl has a tiny replica of Kanye West's black Ferrari 'Like father... like daughter!' Kim Kardashian reveals her six-month-old baby girl has a tiny replica of Kanye West's black Lamborghini * Nicole Appleton Nicole Appleton posts reflective end of year message on the same day as reuinting with Liam Gallagher for the first time...months after marriage split * One Direction music video He wants to be adored! Louis Tomlinson shows his love for The Stone Roses in band T-shirt while shooting One Direction video Madchester fan * The couple who matches... Pregnant Teresa Palmer and her husband Mark Webber (left) coordinated in green ensembles for lunch with their family in Los Angeles, California on Friday Green couple: Pregnant Teresa Palmer and husband Mark Webber coordinate their outfits as they step out one week after getting married * Miley Cyrus kisses and dances with partygoers Getting her twerk on! Miley Cyrus grinds on mystery guy while hosting Vegas party after watching Britney Spears' show Enjoying her night out! * Matthew McConaughey What rain? Matthew McConaughey heads out for a run despite the tropical downpour in Brazil No stopping him from his morning run * First look: Ben Affleck as Nick Dunne in the cinematic adaption of Gillian Flynn's bestselling novel Gone Girl FIRST LOOK: Ben Affleck looks tired and weary as Nick Dunne in the latest film still from Gone Girl Film stars Ben Affleck and Rosamund Pike * Berry nice: Michelle Keegan looked both stunning and festive when she celebrated Boxing Day at fiancé Mark Wright¿s mum¿s house in Essex Naughty but nice! Michelle Keegan works berry-red minidress and knee-high boots for festive fun with fiancé Mark Wright's family Accepted into the family * Chef Robert Irvine, 49, displays ripped chest on romantic stroll with his wrestler wife in Hawaii The iron chef! Cook Robert Irvine shows off beefy chest as he goes on romantic stroll with wrestler wife in Hawaii He learned his trade in the Royal Navy * She has a fetish for fashion! Fifty Shades of Grey star Dakota Johnson takes time off from filming for a bit of shoe shopping She has a fetish for fashion! Fifty Shades of Grey star Dakota Johnson takes time off from filming for a bit of shoe shopping Passion for shopping * Martin Freeman Well and truly mugged off! 'Stressed' Martin Freeman almost missed out on Sherlock role after thieves stole his wallet on way to audition Almost blew audition * Miley Cyrus had over $100K worth of purses and jewelry stolen from her home which could have included that engagement ring from Liam Hemsworth Police believe $100K worth of purses and jewelry stolen from Miley Cyrus's home were taken by someone with access to the property * Miley Cyrus Word perfect! Miley Cyrus sings along to Britney Spears' biggest hits as the pop veteran opens her Vegas residency with raunchy, bondage themed show * Preview Two-year-old Harper Beckham lookalike who's already earned £2,000 impersonating David's youngest child Sienna Gibbs-Cook, 2, is making living as Harper * Nicole Richie Nicole Richie covers up in seasonal monochrome coat as she steps out with husband Joel Madden and family pooch Iro Enjoyed a stroll * Dannii Minogue 'She's finding it quite therapeutic': Dannii Minogue plots pop comeback with 'personal' new album inspired by love split Recording in Australia * Sarah Michelle Gellar Shady ladies! Sarah Michelle Gellar and daughter Charlotte wear stylish sunglasses for girls' day out Very much a case of like mother like daughter * RIHANNA 'With love from Barbados'! A make-up free Rihanna enjoys island life in an itsy-bitsy khaki bikini as she smokes a suspicious cigarette on the beach * ALICE EVE Star Trek actress Alice Eve parades her showstopping curves in a nautical striped bikini as she larks around with her brothers on Barbados beach break * melanie brown 1.jpg She's known for her outrageous behaviour, but Mel B tells Dean Piper she's so worried about her 14-year-old daughter, she's set some firm ground rules * Special day: Peaches Geldof shared baby snaps taken on Christmas day of her son Phaedra Bloom Forever Baby's first Christmas! Peaches Geldof shares heartwarming snaps of her son Phaedra enjoying some festive treats Family bliss * Looking good: (L-R) Linda Dobson, Lesley Joseph and Pauline Quirke are back for a brand new series The Birds are back! 15 years on, Linda Robson, Pauline Quirke and Lesley Joseph reveal why the time is ripe for a revival Birds Of A Feather * Baby, this is how we roll! Kim Kardashian and Kanye West's daughter North West, six months, is joined by her tiny cousins Mason and Penelope on a private jet to Aspen Baby, this is how we roll! Kim and Kanye's daughter North West, six months, is joined by her tiny cousins Mason and Penelope on a private jet to Aspen * Bianca confront the gang, but who will Liam choose? SOAP WATCH: Jaci Stephens gives us the ultimate insight into the week's soaps The end of another year of EastEnders and Coronation Street * 'What surprised me was how I got to enjoy it - the look on blokes¿ faces, especially the first time I posed. Somehow I felt exhilarated and empowered' Must I give up nude modelling because I'm getting married? This week, BEL MOONEY advises a woman who has been asked to stop modelling * Victoria Silvstedt shows off her beach body in a neon orange bikini in Miami What a peach! Model Victoria Silvstedt looks bronzed as she hits the beach in a neon bikini One year away from turning 40, but still got an amazing body * He does feel fine! A shirtless Paul McCartney, 71, frolics in the sea with wife Nancy Shevell He does feel fine! A shirtless Paul McCartney, 71, frolics in the sea with wife Nancy Shevell Fellow Submarine * That will get you noticed! Eva Longoria stands out in electric pink dress on dinner date with new boyfriend Jose Antonio Baston Loving the attention! Eva Longoria stands out in electric pink dress on dinner date with wealthy new boyfriend Desperate to be noticed * COMMUNE Surviving a sex commune: Film-maker grew up in a sinister cult - and now he's has made a documentary lifting the lid on his traumatic childhood * Amanda Seyfried and dog A lovely Lassie! Amanda Seyfried braves chilly New York winter as she takes adorable dog for a walk Wrapped up warm * MILLIE MACKINTOSH 'The new addition to the family': Millie Mackintosh and Professor Green become proud parents to a brand new puppy Puppy love * Sure you're not dating? Khloe Kardashian, right, was spotted leaving the gym on Los Angeles, California with rumoured beau Matt Kemp, left, on Friday Getting pumped! Khloe Kardashian hits the gym with rumoured beau Matt Kemp in LA as family jet off to ski in Aspen Looked exhausted * Festive: Phillip Schofield decided on a somewhat unconventional Christmas at sea, on Spitbank fort in Solvent, Portsmouth. In the hot tub with Schofe! Phillip Schofield enjoys a Christmas at sea at Spitbank Fort Somewhat unconventional Christmas * ¿It¿s bulls**t¿: Charlie Brooks hits out at soaps ratings war as EastEnders loses out to Coronation Street in Christmas Day battle for viewers 'It's bulls**t': Charlie Brooks hits out at soap ratings war as EastEnders loses out to Coronation Street in Christmas Day battle for viewers * The icing on their Christmas cake! Paul Hollywood and wife Alexandra 'rekindle romance' on festive getaway in French Alps The icing on their Christmas cake! Paul Hollywood and wife Alexandra 'rekindle romance' on festive getaway in French Alps Back on track * Scarlett Scarlett Johansson and French fiance Romain Dauriac cuddle as they stroll to coffee shop Lost In Translation star is fluent in love * She's ripped! Alessandra Ambrosio puts her lean abs on display in crop top and jeans while shopping with fiance Jamie Mazur She's ripped! Alessandra Ambrosio puts her lean abs on display in crop top and jeans while shopping with fiance Jamie Mazur * Sticking with what she knows: Gwyneth Paltrow donned almost the same outfit as she arrived at Los Angeles International Airport on Friday (left) as she did when she departed on December 18 (right) She knows what suits her! Gwyneth Paltrow wears the same outfit to arrive at LAX as she did when jetting out Sticking with what she knows * 'A little bit of Tennessee in California': Reese Witherspoon sells her quaint Ojai ranch for $4.9m and loses more than $800k on the deal Ouch! Reese Witherspoon takes $800k hit as she offloads quaint ranch where she married Jim Toth for just $4.9m Owned for five years * Gwen Heavily pregnant Gwen Stefani pops into acupuncture clinic with husband Gavin and their two boys in tow Bump is noticeably bigger every day * Experience: Author Barbara Taylor Bradford has celebrated 50 years of marriage - and has some tips for us Each decade has its own rules! What I've learned from 50 years of marriage, by BARBARA TAYLOR BRADFORD She and Bob exchanged vows 50 years ago * Leggy: Vanessa Hudgens showed off her sculpted stems as she headed to a friend's house in Los Angeles, California on Friday No health resolution needed! Vanessa Hudgens bares her toned legs in a boho grunge ensemble The 25-year-old showed off her sculpted stems * 'We're going tropical!' Bare-chested Mario Lopez bonds with his little water babies on family holiday in Mexico 'We're going tropical!' Bare-chested Mario Lopez bonds with his little water babies on family holiday in Mexico Celebrated his baby boy's first Christmas * Maui and bright: Tom Arnold enjoys a beach day with wife Ashley Groussman and baby son Jax while on Hawaiian holiday Tom Arnold enjoys a beach day with wife Ashley Groussman and baby son Jax while on Hawaiian holiday Spent Friday frolicking on the beach * Eva Longoria and boyfriend Not so desperate now! Eva Longoria enjoys post-holiday date with wealthy television boss boyfriend in Hollywood Her calendar is emptier than ever before * Maria Shriver shops in Aspen Maria Shriver spends time shopping with youngest daughter Christina on winter trip to Aspen Hitting the post-holiday sales * Jaden Smith at Fred Segal on Friday Jaden Smith spotted at favourite lunch spot with a friend Jaden Smith had lunch with a friend but the identity of his companion remains a mystery * No star trip here! Daryl Hannah goes Bohemian in burgundy print blouse while pushing her own cartload of luggage at LAX Daryl Hannah walks on the wild side in print blouse Still attracts a crowd, even when she's just trying to get through an airport terminal * New girlfriend? Brody Jenner was spotted out to lunch with a mystery blonde in Los Angeles, California on Friday He clearly has a type! Brody Jenner steps out with mystery blonde who looks strikingly similar to his ex girlfriend Bryana Holly Took her to lunch in LA * Ditched the bag already then? Kim Kardashian goes without her garish painted Hermes handbag as she and Kanye West catch a private jet to Aspen with the clan Ditched the bag already then? Kim Kardashian without garish Hermes handbag as she and Kanye West catch a private jet to Aspen with the clan * Britney Spears slips back into Toxic nude bodysuit a decade on for Vegas rehearsals... but has she used make-up trickery to get that six-pack? A decade on, Britney Spears slips back into Toxic-style nude bodysuit for Vegas rehearsals... but has she used make-up trickery to get that six-pack? * 'So grateful for my family!' Tori Spelling shares cute Christmas morning video of her children unwrapping presents... as reports of marital strife continue 'So grateful for my family!' Tori Spelling shares cute Christmas morning video of her children unwrapping presents... as reports of marital strife continue * Penn Here's something to gossip about: Penn Badgley is spotted walking around New York with mystery woman She's bagged a hunk * Anne Hathaway jogging with husband and dog Hathaway we go! Anne jogs ahead on Beverly Hills hiking trail while hubby Adam Shulman and their dog lag behind No time off the fitness routine for Anne * Family Friday: Malin Akerman enjoyed a sunny stroll with her mother Pia and son Sebastian in Los Angeles, California on Friday Malin Akerman shows off trim figure and a brave face as she strolls with mother and baby son in wake of marriage breakdown True viking * 'She's an a**hole!' Jon Gosselin lays into ex-wife Kate... as he gets ready to go into Couples Therapy with girlfriend 'She's an a**hole!' Jon Gosselin lays into ex-wife Kate... as he gets ready to go into Couples Therapy with girlfriend Reopening old wounds * Sleepless in Aspen! Meg Ryan goes on vacation after boyfriend John Mellencamp claims that he would not move to New York with her Sleepless in Aspen! Meg Ryan takes snowy break with daughter after boyfriend John Mellencamp nixes New York move * Emma Forbes A little too much fun in the sun: Youthful Emma Forbes displays unfortunate tan lines in a strapless swimsuit as she holidays in Barbados * There's a new addition to the entourage! 'I got a new pup,' announced Justin Bieber after buying a cute American Bulldog puppy Justin Bieber buys a new puppy (but after the dead hamster drama and that monkey business... is another pet really a good idea?) Bieber's Bulldog * He's high on life! Zac Efron shows off his AA chip while at a Lakers game, proud of his six months of sobriety He's high on life! Zac Efron proudly shows off his six months of sobriety AA chip as he takes in a Lakers game Loud and proud about his new-found sobriety * Winter is coming! Empire offers a sneak peek at the upcoming Captain America: The Winter Soldier Captain America, reporting for duty! Empire offers a sneak peek at superhero sequel with Chris Evans and Scarlett Johansson Out next year * It's a girl! Former NFL star Tiki Barber and wife Traci Lynn Johnson welcome baby daughter Brooklyn It's a girl! Former NFL star Tiki Barber and wife Traci Lynn Johnson welcome baby daughter Brooklyn And we thought Brooklyn was only a boy's name * Ryan Phillippe gives 10-year-old son Deacon a haircut in adorable poolside snap This is how it's done son: Ryan Phillippe gives 10-year-old son Deacon a haircut in heartwarming poolside snap Actor, director, hair stylist! * Kaley Cuoco hits the salon for one final touch-up before her NYE wedding to fiancé Ryan Sweeting Here comes the bride to be! Kaley Cuoco has one final touch-up before her NYE wedding to Ryan Sweeting Fire-and-ice-themed nuptials in California * Mrs Timberlake's kitchen nightmare! Jessica Biel shares baking disaster as she attempts to play domestic goddess at home Mrs Timberlake's kitchen nightmare! Jessica Biel shares baking disaster as she attempts to play domestic goddess at home * World's greatest consumer scams World's greatest scams REVEALED: The £1,000 iPhone app that does NOTHING, popcorn with a 1,275% mark-up and fake TV phonelines Sponsored * ste From Catchphrase to Britain's Got More Talent, Stephen Mulhern's now one of TV's most prolific presenters. Not bad for a former barrow boy... * Ray Winstone On set with Ray Winstone: The veteran actor takes Weekend magazine behind the scenes on swashbuckling Sky drama Moonfleet * amy willerton Berry n-ICE: Amy Willerton gets her skates on wearing holly motif jumper and tight white jeans alongside her sister At home in Bristol * He's got bottle: The fun-loving reality television personality often has a drink in his hand on Keeping Up With The Kardashians 'Thank god for Blowfish': Scott Disick laughs off his hangover as it's reported Kourtney Kardashian 'wants in him rehab' No laughing matter * 'It's not a tagline that I probably would have chosen': Shailene Woodley admits to having a 'strong response' to controversial The Fault in Our Stars tagline Shailene Woodley admits she doesn't approve of controversial 'One sick love story' tagline for her teen cancer film The Fault In Our Stars * Fun in the sun! Richie Sambora and Sweet 16 daughter Ava enjoy bonding time Hawaiian-style in Maui It beats New Jersey! Bon Jovi star Richie Sambora and daughter Ava enjoy quality time on the beach in Hawaii But he loves to flaunt their New Jersey roots * Life's a beach: Shia LaBeouf kicks back in Brazil with girlfriend Mia Goth Life's a beach: Shia LaBeouf kicks back in Brazil with girlfriend Mia Goth Taking his mind off his troubles as he enjoyed a holiday in Brazil * Cara Delevingne Not quite runway ready! Cara Delevingne swaps her chic shades for oversized comedy sunglasses as she enjoys another day in Barbados * Flowers and a fluffy bunny! Jessica Alba brings a touch of spring to December as she arrives at the airport with daughter Haven Flowers and a fluffy bunny! Jessica Alba brings a touch of spring to December as she arrives at the airport with daughter Haven * B and Jay Z Spicing up the season: Beyonce and Jay Z 'drop $6,000 at New York sex toy store on some very grown up gifts' A steamy gift that Santa certainly didn't bring * Sleeping beauty: Cheryl Cole shares a photo of herself enjoying a snooze after her Boxing Day celebrations in the sunshine 'Morning after the night before': A make-up free Cheryl Cole shares sleeping beauty snap as she enjoys Christmas in the sun Nice place for hangover * 'Consistency is key' Celebrity trainer Tracy Anderson says that following regimen is crucial to staying slim during the holidays 'Consistency is key': Celebrity trainer Tracy Anderson advocates strict fitness regime over holidays to keep the pounds off No time off for Tracy * Feeling the Christmas chill: The TOWIE girls hit Essex for a night out but Sam Faiers covers up in a chic silk dress Feeling the Christmas chill: The TOWIE girls hit Essex for a night out but Sam Faiers covers up in chic silk dress Went to Club 195 in Epping for Boxing Day * Was it a long night, Lamar? Khloe Kardashian's troubled ex-husband yawns as he leaves a Hollywood nightclub Long night, Lamar? Khloe Kardashian's troubled estranged husband yawns as heads home after partying at Hollywood club * Justin Bieber surprises fans at a screening of his docu-flick Believe, which earned $1.25M at the box office Justin Bieber surprises fans at a screening of his documentary Believe... but film disappoints by earning $1.25m at U.S. box office * Is Selena Gomez secretly suffering from Lupus? New claims singer cancelled tour because of autoimmune disease Is Selena Gomez secretly suffering from Lupus? New claims singer cancelled tour because of autoimmune disease The mystery deepens * First look: A movie still has been released from The Imitation Game, in which Benedict Cumberbatch plays mathematician Alan Turing, a German Enigma codebreaker in World War II He's cracked it! First look at Benedict Cumberbatch as World War II codebreaker Alan Turing in The Imitation Game Pulls boffin look off well * Sinitta Life is beach-y! Sinitta and her children hit the surf as they holiday with Simon Cowell and Lauren Silverman in Barbados Surf and turf * Savannah stamps her pink wellies! Peter Phillips' daughter refuses to keep her woolly hat on as she watches the Duke of Cambridge and Prince Harry play football A royal tantrum! Princess Anne's adorable granddaughter stamps her wellies and refuses to keep her hat on watching William and Harry play football * Sharing responsibilities: Keri Russell cradled her little one Willa, with River (right) looking on after being dropped off by their father Shane Dreary (not pictured) in New York City on Friday Recently separated Keri Russell greets her estranged husband Shane Dreary as he drops off children at NYC pad Putting on a united front * Too sweet to be a serial killer! Michael C. Hall takes his pup on a Christmas Eve stroll Too sweet to be a serial killer! Dexter star Michael C. Hall takes pup on Christmas Eve stroll Walking the dog in Los Angeles on Tuesday * Cancer fight: Jen Arnold shared this picture with her Twitter fans on Friday Little Couple star Jen Arnold bravely removes her wig in candid hospital picture as she begins second day of inpatient chemo treatment in cancer fight * Kim Kardashian proudly shows off her Christmas gift from Kanye West - a Hermes handbag customised with a nude painting by world renown contemporary artist Make-up free Kim Kardashian proudly shows off Christmas gift from Kanye West... a HUGE Hermes bag customised with nude painting by famous artist * The proof that Jennifer Aniston HASN'T shaved her head! Actress shows off her glossy locks after bald picture goes viral The proof that Jennifer Aniston HASN'T shaved her head! Actress shows off her glossy locks after bald picture goes viral Doctored photo from '06 * Kardashian sisters and mom Kris Jenner 'ordered to sit for depositions' in bitter legal battle with Robert's widow Kardashian sisters and mother Kris Jenner 'ordered to sit for depositions' in bitter legal battle with Robert's widow Not so happy families * The Only Way Is Darker: Amy Childs achieves new shades of dark as she promotes own-brand self-tan with selfie The Only Way Is Darker: Amy Childs achieves new shades of dark as she promotes own-brand self-tan with selfie Burnt Brentwood? * Tori Spelling is making husband Dean McDermott's life a 'living hell' in the wake of rumours that he cheated Tori Spelling 'is making husband Dean McDermott's life a living hell behind closed doors' in wake of cheating rumours They've got four kids * Keanu Reeves' 47 Ronin poised to top the list of 2013's biggest box-office bombs as Universal scrambles for damage control It's no Matrix: Keanu Reeves's 47 Ronin poised to top the list of 2013's biggest box office bombs as studio scrambles for damage control * Candace Cameron Bure 'I'm not this perfect woman who has it all together': Full House star Candace Cameron Bure on balancing Hollywood and family without a nanny * Root Vanish Goodbye to grey hair, forever? Zooey Deschanel's colorist makes nasty roots vanish with all-natural new cover-up gel * A long way from Baywatch! Make-up free Pamela Anderson covers up (a bit) on trip to a Malibu bakery In the nude! Make-up free Pamela Anderson covers up her famous figure in flesh-coloured maxi dress Cropped 'do is influencing muted style * 'She didn't say that? Of course she's not': Trance pioneer Paul Oakenfold left stunned at Paris Hilton's claims she's one of the top five highest earning DJs in the world 'She didn't say that? Of course she's not': Trance pioneer Paul Oakenfold left stunned at Paris Hilton's claims she's one of the top five DJs in the world * 'If you want to smoke weed, you're going to smoke weed': Miley Cyrus denies Joe Jonas' claims that she and Demi Lovato pressured him to use marijuana 'If you want to smoke weed, you're going to smoke weed': Miley Cyrus denies Joe Jonas' claims that she and Demi Lovato pressured him to use marijuana * Today's headlines * Most Read * Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of... * Bulgarians and Romanians could compete for the jobs of previous immigrants such as Poles Exposed: What they DIDN'T tell you about new wave of migrants heading for booming Britain * Out of their depth: Canoeists take advantage of the winter flooding on Worcester Racecourse Towns and cities across Britain at risk of flooding AGAIN as new 80mph gale sweeps in from Atlantic (and... * Immigration officials at one airport stopped more than 300 such health tourists over two years Three hundred pregnant foreigners stopped at just one airport after attempting to get into Britain to give... * Steven Gerrard has been named as a defendant in a case at London's High Court along with his wife Alex (right) and close friend Lee McPartland England football captain Steven Gerrard due in court weeks before 2014 World Cup Finals over 'street fight'... * Ferry fire Two men arrested after six people are airlifted to hospital from burning Amsterdam-bound ferry 'set on fire... * iPlayer: The service will remain, but some backdated programmes could soon cost up to £5 to download BBC to charge licence payers £5 to download favourite shows in challenge to Netflix and iTunes * A Lebanese soldier examines one of the shells that were fired by the Israeli army in retaliation for the rocket attack Israeli town hit by rocket attack from Lebanon leading to 'more than 30' shells being fired in retaliation * Household debt crisis: If interest rates rise faster than predicted some two million British households that spend more than half their income on repayments could treble by 2018 Millions set for debt crisis if interest rates rise warn experts as figures show number of families that... * Outrageous: Bernard Gray, chief of defence material, enjoyed a chauffeur-driven car and trips abroad Ministry of Defence boss tasked with targeting WASTE claims £100,000 in expenses in just a year * Starting over: Liz and David with her Romanian rescue dogs Hilda, left, and Spot at home in North Yorkshire Yes... it's a miracle! I found love with the boy next door: LIZ JONES spends Christmas with the man who... * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5million nearly destroyed us, say Ant... * One of the country's most unpopular rail companies, First Great Western, has received another unwelcome accolade - more crimes take place on its trains than on any other line The great train robberies: Most crimes of 'Worst Late Western' - whose season tickets rise 3.1% this week * Party time: A survey has found that three-quarters of people will stay at home this New Year's Eve A big night in this New Year's Eve with three-quarters staying at home * Whimper: Clock strikes midnight a year later... and nothing happens Sparks won't fly: Big Ben's big bang cancelled after last year's went phut * KEELEY Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' * Denis MacShane Vicky Pryce vows to stand by disgraced ex-MP boyfriend Denis MacShane after he is jailed for making £13,000... * Jowell Jowell's four-letter rant threatens bid to be London Mayor: Labour Dame turns air blue as she is accused of... * The family of British doctor Abbas Khan, who was found dead in his prison cell in Syria, believe he was sedated with drugs before being hanged by his captors Family of British surgeon killed in Syria say he was drugged and hanged by his captors then his body flushed... * Back in December 1913, not a single British newspaper carried the faintest suggestion that the worst war in human history was just months away 100 years after World War I, why I believe we stand again at the crossroads of history, by John Simpson * Preview £148million lottery winner who left husband last month falls for the Audi dealer who sold her a fleet of... * Action: Obese children have been taken away by social workers after being overfed by their families, it has been revealed Social workers are weighing in and taking away children from parents who give in to their cravings and feed... * Jailed: Tanvir Hussain, the cousin of Mr Tariq, was involved in a plot to blow up aircraft Border officials sacked over 'links to terrorism' sue for breach of their human rights after 'secret courts'... * Explosion: The blast occurred in the pool bar of the Bahia Principe Hotel in the south west of the island Mother and her eight-year-old daughter among three British tourists hurt after BEER PUMP explodes in hotel... * Amanda Knox has joined Twitter 'I have to accept that the Kerchers believe I’m guilty': Amanda Knox joins Twitter and claims she wants to... * Horlick Multi-millionaire superwoman Nicola Horlick: The agonising day I let a 'Child Whisperer' into my home... to... * Tortured toddler: Aiden Calvo, only two-years-old, was beaten to death by his parents, cops said Toddler found badly beaten in blood splattered room - mother and boyfriend are charged with murder after his... * Some people were reduced to trying on potential purchases over their existing clothes, while others just dumped their selections and headed to rival stores 'It's absolutely crazy': Anger as M&S closes fitting rooms to stop queues forming during busy periods (but... * Wolverhampton City Council have been accused of wasting money after sending leaflets to residents telling them how to dispose of wrapping paper Council recycling team sent out 166,000 letters warning people about shiny paper... and created a waste... * A taxing Christmas: Online returns mean there is now no reason not to fill them in on December 25 More than 1,500 tax returns were submitted online at Christmas Day... and the peak was when the rest of the... * Back in the kitchen: The picture of Nigella and her Christmas turkey posted on Twitter Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic... * Change: Sir Barney White-Spunner hopes a new charity will replace the RSPCA in fighting for animal welfare Countryside Alliance chief urges members to stop supporting 'sinister and nasty' RSPCA as they are now 'more... * Sale: This advert, which appeared on Craigslist on Boxing Day, lead to a woman having her children taken away Mother 'tries to sell baby on internet for £150,000': She says it was a joke - but now both of her children... * Barack Obama, David Cameron and Helle Thorning Schmidt might be fans of the selfie, but 2013's most popular word is in danger of being overtaken by a new set of terms 2013's weird and wonderful words and phrases: Selfies joined by boiling the ocean, phubbing and buffling * Confession: It would be pointless to drag Nigella Lawson back to court over her admissions of illegal drug use PETER HITCHENS: You can't prosecute Nigella - cocaine's been legalised * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... as Honours Committee snubs Becks (but Katherine Jenkins to get OBE in New Year... * Krishna Maharaj, 74, with his wife Marita Maharaj in London in the 1980's This Briton has spent 27 years in jail for murder. Now Colombian drugs barons admit they did it: The... * Hassan Isman Omer has been named as the victim of the fatal Boxing day shooting at the Avalon nightclub in London's West End Pictured: Man, 31, who was shot dead inside a West End nightclub at 3am on Boxing Day * British Prime Minister David Cameron Senior Tory says UKIP will triumph in Euro poll with Cameron finishing in 'embarrassing' third * Lord Judge, the former Lord Chief Justice, has warned the European Court has too much power and called for it to be reined in Former Lord Chief Justice warns European Human Rights court has too much power and is not answerable to... * The little-known Megatons-to-Megawatts programme, has seen 20,000 decommissioned Russian nuclear warheads transformed into nuclear energy in the US, heating millions of homes How America uses uranium from Russian Cold War nuclear warheads to heat millions of homes * The launch of Harry Potter and the Deathly Hallows in 2007: However a list of most borrowed children's books has not included the series for the first time since its launch Is Harry Potter losing his magic touch? Boy wizard fails to make it on to list of most borrowed children's... * A police force was involved in almost 800 car crashes last year with police drivers deemed responsible for over half of incidents. File image Police force had nearly 800 car crashes in just a year... costing taxpayers almost £400,000 * The Michael family from Brighton: Louis, 17, Alex, 23, father Andrew, mother Carolyne and Katy, 24 The Gogglebox Christmas awards: Forget the critics! Listen in on Britain's funniest family of sofa surfers... * The Metropolitan Police is being sued by a man whose car officers smashed with baseball bats arresting him Met Police sued by suspect who claims officers called him a 'black b*****d' as they smashed the windows of... * Abuse: Children's Commissioner Maggie Atkinson says under current smacking laws, adults and pets have better protection than children Children's tsar calls for parents to be completely banned from smacking their children because it is ‘abuse’ * Paul White who is believed to have attacked partner Shani Cockrell First picture of father who 'shot his girlfriend then killed himself as children slept nearby' * Jamie Tuthill Overweight Panto star shed eight stone after repeatedly being cast as a fat King in Christmas performances * (FILES) This file picture taken on January 15, 2012 shows French controversial humorist Dieudonne Mbala Mbala delivering a speech prior to the premiere screening of his movie "Antisemite" (Anti-Jewish) on the stage of the "Main d'Or" theatre in Paris. Associations fighting racism and antisemitism have threatened to sue people posing near venues linked to the Jewish community and making the "quenelle" gesture. The "quenellle" gesture, extending ones right hand toward the ground while the left hand grasps the shoulder, was devised by Dieudonne Mbala Mbala, who has been condemned in court for incitement to racial hatred and discrimination. AFP PHOTO / PATRICK KOVARIKPATRICK KOVARIK/AFP/Getty Images Footballer Nicholas Anelka under fire for 'making French anti-Semitic gesture' after scoring a goal * China has formally eased its one child policy, meaning that any couple where one of them is an only child can have two children China formally eases one-child policy for parents who didn't have a brother or sister while growing up * MORE HEADLINES * UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society * Exposed: What they DIDN'T tell you about new wave of migrants heading for booming Britain * £148million lottery winner who left husband last month falls for the Audi dealer who sold her a fleet of luxury cars after her big win * No Ladyship for Posh... as Honours Committee snubs Becks (but Katherine Jenkins to get OBE in New Year awards) * Three hundred pregnant foreigners stopped at just one airport after attempting to get into Britain to give birth for free on the NHS * England football captain Steven Gerrard due in court weeks before 2014 World Cup Finals over 'street fight' row * Two men arrested after six people are airlifted to hospital from burning Amsterdam-bound ferry 'set on fire by passenger' * Fiona Bruce's £400,000 hunch: Antiques Roadshow star spots that £400 painting is really a Van Dyck worth a thousand times as much * BBC to charge licence payers £5 to download favourite shows in challenge to Netflix and iTunes * This Briton has spent 27 years in jail for murder. Now Colombian drugs barons admit they did it: The Rolls-Royce-driving socialite sentenced to death for gang hit and the new evidence making a mockery of US justice * Family of British surgeon killed in Syria say he was drugged and hanged by his captors then his body flushed with fluids to ruin a post-mortem * Sparks won't fly: Big Ben's big bang cancelled after last year's went phut * 100 years after World War I, why I believe we stand again at the crossroads of history, by John Simpson * Footballer Nicholas Anelka under fire for 'making French anti-Semitic gesture' after scoring a goal * Vicky Pryce vows to stand by disgraced ex-MP boyfriend Denis MacShane after he is jailed for making £13,000 in false expenses claims * These shots are the BOMB! Tumblr releases list of 2013's best Photobombs * Jowell's four-letter rant threatens bid to be London Mayor: Labour Dame turns air blue as she is accused of faking tears over marriage split * Mother 'tries to sell baby on internet for £150,000': She says it was a joke - but now both of her children are in care * Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' * In a league of his own: How one man's home became the ultimate football shrine - complete with Southampton's dug-out and a vintage turnstile * Social workers are weighing in and taking away children from parents who give in to their cravings and feed them too much * A big night in this New Year's Eve with three-quarters staying at home * Loyal dog braves sub-zero temperatures overnight to guard the body of his dead canine friend who was run over * Doing time, 80s style: Stunning photos of life behind bars when Reagan was president * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * PETER HITCHENS: You can't prosecute Nigella - cocaine's been legalised * MAIL ON SUNDAY COMMENT: We deserve the truth on immigration * LIZ JONES: Did you hear the one about the unfunny, smug, male comedians? * JOHN SIMPSON: 100 years after World War I, why I believe we stand again at the crossroads of history * RACHEL JOHNSON: My Christmas was absolutely perfect... for three seconds * Why did Holly Willoughby's dress cause such a stir... and is there really a lizard called Brucius Forsyth? You'll find out in our gloriously irreverent 2013 quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * MediaGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. World news * Ireland · * Europe Business * Tax avoidance · * Corporate governance Politics Technology * Apple · * Facebook More news * More on this story * Enda Kenny Ireland to exit EU-IMF bailout without precautionary line of credit In upbeat assessment of Irish economy, taoiseach says finance minister to travel to Brussels to tell EU of Republic's decision * Ireland quits IMF bailout: Kenny reaps political reward but is the wager risky? * Ireland announces more budget cuts despite recovery * Guardian Professional Austerity plans could see Ireland scrap 83 councils – but will it help? * Share * Tweet this * * * Email Today's best video * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Guardian film critics Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Piers Morgan bats an over against Brett Lee Piers Morgan faces a Brett Lee over The former newspaper editor faced an over of pace in the nets GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? 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All rights reserved. * Share * Tweet this * * Quantcast #publisher World news RSS feed G8 RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed David Cameron RSS feed Economics on Monday RSS feed Economics blog RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * MediaGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * G8 Economics blog badge * Next * Previous * Blog home G8 deal on tax havens a long way off Western leaders are unlikely to deliver anything comprehensive now – but the fact they are discussing the issue is progress * Share * Tweet this * * [pin_it_button.png] * * Email Campaigners dressed as businessmen at a protest in London Campaigners dressed as businessmen at a protest in London calling for a crackdown on tax havens before the G8 summit in Northern Ireland. Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Guardian film critics Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Piers Morgan bats an over against Brett Lee Piers Morgan faces a Brett Lee over The former newspaper editor faced an over of pace in the nets GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? 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All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (0) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=3.3136408 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=3.3136408E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Hot desking. How hot-desking offices can wreck productivity Contains: 3 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments51 4 Victoria and New South Wales hope to regain ground as the dollar falls. Aussie dollar headed for US80¢ with RBA to cut rates ... Contains: 5 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=1;sz=149x170;tile=8;ord=3.3136408E 7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=2;sz=149x170;tile=9;ord=3.3136408E 7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Why cocktails are cool again STEVE COLQUHOUN Two shots of popular culture with a dash of taste drives the return of the marvellous mixer. Contains: This article contains a video. 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Conditions apply Find Out More Top Home Loans [cs-hl-trim.png] Trim $1000s off your mortgage. Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 4. New Zealandâs cows come home in its own commodities boom 5. China tries to deal with its mountain of debt Most viewed articles on WA Today Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Costco gets another $110 million from US parent for Australian expansion 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. New Zealandâs cows come home in its own commodities boom 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. 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The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=6.4336763E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=6.4336763E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Hot desking. How hot-desking offices can wreck productivity Contains: 3 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments51 4 Victoria and New South Wales hope to regain ground as the dollar falls. Aussie dollar headed for US80¢ with RBA to cut rates ... Contains: 5 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=1;sz=149x170;tile=8;ord=6.4336763E7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=149x170;tile=9;ord=6.4336763E7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Why cocktails are cool again STEVE COLQUHOUN Two shots of popular culture with a dash of taste drives the return of the marvellous mixer. Contains: This article contains a video. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=300x250;tile=10;ord=6.4336763E7? Business BD-momentum172x115 Speeding up the claims process * Smh.com.au * Flash car tax facts * Super cheap start-ups * Ask our small biz experts Jobs Search for 1000's of jobs Search for 1000s of jobs around Australia * Mycareer.com.au * Search for a new job * Set up an email job alert * What are you worth? Managed Funds InvestSMART home loan rates Best Home loan Rates! * Investsmart.com.au * Share Trading * 3.9% Term Deposit! * One Off Share Sales Holiday Rentals Life's too short Life's too short! * Stayz.com.au * Escape to Brisbane * Escape to Broome * Escape to Melbourne Find A Babysitter christmas-172-x-115 You can go to that christmas party. Find a sitter now. * Findababysitter.com.au * Sydney Child Care * Canberra Child Care * Port Macquarie Child Care Compare and Save Skip to: * Best Deals * Mobile * Broadband * Home Loans * Credit Cards * Low Rate Cards * Rewards Cards * Savings Accts * Term Deposits * Loans Check out today's best deals Virgin No Annual Fee [cs-virgin-no-annual-fee.png] $50 gift card offer until 14 Jan 2014. Conditions apply Find Out More Top Home Loans [cs-hl-trim.png] Trim $1000s off your mortgage. Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 4. New Zealandâs cows come home in its own commodities boom 5. China tries to deal with its mountain of debt Most viewed articles on WA Today Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Costco gets another $110 million from US parent for Australian expansion 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. New Zealandâs cows come home in its own commodities boom 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? 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All rights reserved. * Accessibility * Privacy policy * Cookies info * Terms of use Quantcast #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 468 shares * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Lily Allen Lily Allen attacks 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rex * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly 100 fewer calories per meal * Michael Adebowale Revealed, the U.S. hate preacher who inspired murderer of Lee Rigby: Killer tells how he became a Muslim after watching Islamic hardliner's sermons * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Grim start: Commuters, pictured on London bridge, returned to work in their droves today but bad weather and engineering works have scuppered their journeys today Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms - as forecasters warn bad weather could last for a MONTH * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped out by smartphones * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * Keira Knightley house Keira's £4million home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar and gym * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many Chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Sarah Massey 'My bottom measures 7 FEET round and I'm proud of it!' Sarah can't fit through the door - but she wants to be an inspiration to larger ladies * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel... * tkA mother in Manhattan Beach, California recently took a picture of her 12-year-old son and his friend surfing and a great white shark appeared in the background. He's right behind you! Terrifying great white shark... * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131230] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131230] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131230] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131230] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131230] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131230] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131230] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131230] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131230] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131230] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? 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Jane Ogden, professor in health psychology at the University of Surrey, has warned of the dangers of cutting out carbs as a quick way to... * Comments (61) Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too... The roll-call of 10 of the most extraordinary attempts to defraud the taxpayer this year also includes a topless model, a Paralympic gold... * Comments (34) * Videos Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 Damian Draghici, pictured, an adviser to Romania's prime minister, says migrants from his nation should be given the chance to properly... * Comments (5) At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get... Migrants who go to A&E will be billed between £20 and £100 for a consultation, on top of the cost of their treatment - with staff presenting... * Comments (1269) Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! As 70 Christmas Day bathers are savaged, the truth about the fish with a bite more powerful than a T-rex An attack on the Rambla Catalunya beach in Argentina left dozens of people - and 20 children - mauled by shoals of the razor-toothed fish. * Comments (83) * Videos Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * Fergie's amazing transformation: 'Duchess of Pork' sheds the pounds on three month mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Otrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur-trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Have they lost that loving feeling? Jennifer Aniston and Justin Theroux seem distant and preoccupied on blissful holiday Planning a wedding * Heidi Klum She looks mint! Heidi Klum, 40, shows off her toned frame in striking green leggings as she steps out with Martin Kristen Out with their dog * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! Pregnant Tamara Ecclestone and her identikit mother wear matching sunglasses In Beverly Hills * She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco Comes four years after actor's death * Una Foden The Saturdays Una Foden will compete with broken toe in new series of Splash! Redhead singer will carry on despite painful injury * Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her face Her face finally fits! Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her Approval from former Vogue Paris editor * Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Selena turned heads * Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Oscar-winner, 41, wore draw-string waist, wide-legged jeans * hilary Taking the Mickey! Hilary Duff and family don mouse ears as they enjoy son Luca's first visit to Disneyland Cute snap of the young family * Catherine Tyldesley Definitely not feeling blue! Catherine Tyldesley wraps up warm in a stylish winter coat as she steps out for coffee with a mystery man Caffeine... and love fix? * 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out in Aspen 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out Twins are two but learning to ski in Aspen * The Forces' Sweetheart: Welsh opera singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list The Forces' Sweetheart: Welsh classical singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list * Melanie Meeting the family! Dakota Johnson takes boyfriend Jordan Masterson on Aspen trip with mom Melanie Griffith and the clan Very cosy! * Today's headlines * Most Read * 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael... * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served... * Disillusioned : Lily Allen said her friends abandoned her after she became pregnant and stopped going to parties Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbs - but are they really that bad? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog... * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health... * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of... * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! As 70 Christmas Day bathers are savaged, the truth about the fish with a bite more powerful... * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London... * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Criminal activity: Police receive 250 calls a week about scams on Gumtree, it has been revealed (file picture) Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Khan secret courts preview Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal... * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped... * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for... * Scene: The teen was covered in flames when she stumbled from a nearby property towards the crossing, pictured, police belive Young mother dies in fireball: Teenager runs from home in flames... then collapses next to level crossing * A Netmums survey has revealed that parents underestimate the impact divorce has on their children How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're... * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went... * Sarah Massey 'My bottom is 7ft wide and I'm proud of it!' Woman with backside so large she once broke a toilet and can't... * food banks Police going easy on mothers who steal food 'simply to live' * Dangerous paedophile: Mark Sleman, of Exeter, Devon, was jailed for nine years in 1994 for the kidnap and attempted rape of a ten-year-old girl Paedophile released from jail early goes on the run for a SECOND time as victim's family blasts 'not fit for... * Romanian immigrants huddle around Marble Arch in London as a mass influx of Romanians is expected as the new year approaches Don't lift the border controls, grassroots Tories beg Cameron: Activists say he risks social unrest if the... * The findings reveal the shocking extent of the country's childhood obesity epidemic. File photo The 22st schoolgirl aged just TEN: Shocking case of year six pupil's morbid obesity as it's revealed 50... * Getting worse: Another month of storms is due to batter the UK while places such as Twekesbury, in Gloucestershire, have only started cleaning up Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters... * At last: Engineers have restored power to the last of the tens of thousands of homes without electricity following the Christmas storms Power finally restored to all homes FIVE DAYS after storm after network boss admits not enough engineers... * Blasted: Arriva Transport Solution's ambulance service has been attacked for leaving thousands waiting hours Row over ambulance privatisation after bus firm gets more than 400 complaints in just six months and... * iconic hair Audrey Hepburn's Breakfast at Tiffany's beehive tops list of most iconic hairstyles of all time (and yes,... * Prince Philip Prince Philip in list of best-dressed men 'for his services to classic British tailoring'... while first... * At least 10 people have been killed and 22 injured in an explosion on a packed trolleybus in Russia's Volgograd city At least 14 killed in second terror attack in Russian city of Volgograd ahead of Winter Olympics * A suicide bomber has killed 13 people and injured 50 at a train station in Volgograd, Russia Pictured: The new 'Black Widow' suicide bomber who targeted Russian train station killing at least 16 * You don't need to love Amazon's power-crazed founder Jeff Bezos to gasp at his genius and Nobody personifies the shallowness of modern Britain better than the preposterous Russell Brand The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * Decline: When adjusted for inflation, average earnings have fallen from just over £500-a-week when David Cameron became Prime Minister in May 2010, to just over £480-a-week in May 2013. We've had years of painful wage squeezes - now it's time to pay staff more as the economy recovers, CBI... * A tough spell: Only one region in the UK has seen average wages increase since 2008 So this is why we're struggling to pay the bills: Average pay slumps by half in some regions since the... * Captured on camera: The dramatic moment a gigantic crocodile attacks and kills a zebra foal courageously crossing a Kenyan river Caught on camera: The dramatic moment a gigantic crocodile attacks and kills a zebra foal courageously... * QI facts Men are more likely to drop dead during sex if they're cheating... And other delightfully dotty facts from... * Long-distance hearing: The 'cocktail party effect' shows that, even above the hubbub of a crowded room, people who have been together long enough do not struggle to pick out their partner's voice Could you hear your partner across a crowded room? Why married couples find it easier to hear (and ignore)... * Two cheetahs killed a white-tailed deer that jumped a wall at the National Zoo in Washington, DC on Friday. Cheetahs killed deer after it jumped zoo wall and ended up in their enclosure * Rabbi Mordechai Rosenberg is a rabbi, and a mohel who claimed to be 'trained,' yet managed to accidentally dismember a baby's penis Rabbi sued for accidentally SEVERING newborn baby boy's penis during a circumcision * Nicole Reyes and her husband Jorge pictured on their wedding day British mother held in Caribbean jail for 18 months accused of murdering her husband in car crash is forced... * The Wolf of Wall Street: Jordan Belfort, 51, is reportedly shopping around a reality TV show in which he helps people, like him, who have hit rock bottom but can be saved 'He is TV gold': Real-life 'Wolf of Wall Street' Jordan Belfort planning reality show in which he helps... * The Queen Crestfallen, the boy denied a royal audience: Children left disappointed after Queen breaks with tradition... * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being... * Stylish simplicity: The Pop has been named Esquire's Best Dressed Man for 2013 A divine sense of style: Pope Francis is named Esquire's Best Dressed Man of 2013 * 'It was as if she (psychic) knew me, without me even having to open my mouth,' said Catherine Chandler Why high flying women are ditching therapists – for psychics * Self-described 'dissident feminist' Paglia, 66, believes that attempts to deny the biological distinctions between men and women is to blame for the much that is wrong with modern society 'There's no room for anything manly now': Feminist writer Camille Paglia speaks out AGAINST the loss of... * Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of... * MORE HEADLINES * 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal by the Daily Mail * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar * The horrific moment legendary UFC fighter breaks his leg after opponent blocks a kick with his knee * Young mother dies in fireball: Teenager runs from home in flames... then collapses next to level crossing * Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * He's right behind you! Terrifying great white shark photo-bombs 12-year-olds out surfing * Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * The 22st schoolgirl aged just TEN: Shocking case of year six pupil's morbid obesity as it's revealed 50 primary school pupils weigh more than adults in a single city * Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters warn bad weather could last for a MONTH * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Sales chaos as M&S closes fitting rooms: Customers attack decision calling it 'suicide' and saying it will drive them away * Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * The bicycle highway: Plans unveiled for £220m 'Skycycle' that lets riders commute far above the railways of London * Battle to save Bobi: Animal lovers rallied to rescue this disabled dog from the gutters of Bulgaria... but now the RSPCA wants him put down * How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're happy after split * GMA host Robin Roberts reveals she's gay in thank you letter to fans and 'long time girlfriend' for supporting her through cancer * 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served chicken by mistake * The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + OVER 1 MILLION8.5k + Cruz Taking Steps To Renounce Canadian Citizenship1.3k + Here Are All The Times Congress Screwed Americans This Year In The Name Of Austerity3.7k + Ted Cruz: No Mistakes Here1.7k + Toby Keith's New Restaurant Displays 'No Guns Permitted' Sign, Angers Gun Fans3.9k + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + The Worst Product Flops of 2013129 + And So It Begins151 + Target Makes Disturbing Admission536 + Wells Fargo Ordered To Buy Back Securities Worth $94 Million55 + Monumental Step For Weed Businesses179 + Go to Biz More in Biz + Small Biz + Money You might also like + World + Tech + Media + Arts + Sports + Weird News + Smarter Ideas + Urban Progress * Entertainment + 'Don't Trust The B' Star Turns Heads In Music Video + Britney Spears Rocks Her Vegas Debut90 + New Bruce Springsteen Album Leaked On Amazon19 + Justin Bieber Isn't Actually Retiring45 + Everything That Needs To Be Retired From Pop Culture In 201475 + Go to Entertainment More in Entertainment + Celebrity + TV You might also like + Comedy + Arts + Books + Food + Style + Weird News + Moviefone * Media + Anderson Cooper Makes 'Nervous' Confession About Kathy Griffin13 + Glenn Greenwald Condemns Media771 + NY Times Benghazi Blockbuster Highlights Video's Role In Attack269 + New York City Losing Its Only Progressive Talk Radio Station1k + Tribune Co. 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The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Monday 30 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Husky football ready to take on Chris Petersen's persona after bowl win 2. Seahawks beat Rams, 27-9, to secure home-field advantage 3. Downtown Seattle is hot spot again for new restaurants 4. Russell Wilson 2.0: He's proving vital to Seahawks' future 5. 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A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend... put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... [favicon.ico] Tax-haven data leak reveals an eclectic mix of Canadians [favicon.ico] Europe's Vanishing Tax Havens [favicon.ico] Transparency and tax havens Filed by Daniel Tencer | SOCIAL NEWS FOLLOW US * Facebook * Twitter * Apple * Android * Email * Rss Connect with your friends Check out stories you might like, and see what your friends are sharing! [facebook_promo_connect.png?3] Most Popular lCsGy1qAix4BgD8XOvIDiC4Qn9xDNqqdhr9YLd53aoXubGMQjhlKe0gES4jnovog8GecUR7 USzQnPIxmwOBmAlqHW%2BgOiZU%2F WARaHPYI8OO7HU5a0ipK%2FQ%3D%3D 1 of 2 Anderson Silva Gruesome End To UFC Title Match Recommend [DEL: :DEL] 269 Quotes New Year 20 Inspirational Quotes For 2014 Like [DEL: :DEL] 168 New Year Party Recipes 14 Appetizers For Your New Year's Eve Party Like [DEL: :DEL] 5 Duchess Of Cambridge Holiday Kate Middleton x 2! 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Bank Fees * Traveling Pot * Broncos Season in Photos * The Fire Line * New Year's Eve Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Denver to warm up again this week, with light mountain snow Denver police won't actively seek pot-smoking scofflaws, chief says Federal health care website surpasses 1 million sign-ups At least 10 killed in bus explosion in Volgograd Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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This Egyptian teen is rapping about some important issues Celebrity Deaths 2013: Photo memorial to the stars The Bottom Line * Celebrities * Culture * Oddities * Comedy * Good News * Comics * Games * Advice * Polls __________________________________________________________________ Blogs <> Privacy Policy | Terms of Use | MNG Corporate Site Map | Copyright [MNG_footerGraphic.jpg] IFRAME: //s.thebrighttag.com/iframe?c=sfWGaRL #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Georgia Davis + Bruce Jones + Johnny Briggs + Jeremy Hunt + Lord Howe Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Ross Barkley + Brendan Rodgers + Jose Mourinho Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Jennifer Aniston + Courteney Cox + Miley Cyrus + Abbey Clancy + Selena Gomez Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Peter Capaldi + David Tennant + Ant McPartlin Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Sarah Ferguson + Duchess of York + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Miley Cyrus + Anderson Silva + Jose Mourinho + Father Christmas * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Olivier Panis + Jennifer Aniston + Courteney Cox Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Crime * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron ally Alan Lewis's business empire funded by tax haven millions * Oct 06, 2013 00:00 * By Dominic Herbert * Share * Share * Tweet * +1 * Email Posh overcoat firm Crombie trades on its patriotic British image but there is a tangled web of offshore connections in the Caribbean Rich: Mr Lewis is worth £220m Rich: Mr Lewis is worth £220m Alan Davidson/The Picture Library Ltd Tory vice chairman Alan Lewis’s business empire has been funded by millions of pounds from a controversial offshore tax arrangement. The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Michael Schumacher Michael Schumacher accident: Twitter photo 'shows injured racing legend being treated on the slopes' 5. Crime Man fights off 15 cops while 'masturbating in a bar after wild meth-fuelled weekend' Personal Injury Injured in an accident at work? Find out if you can claim in 30 seconds Poker Poker Compare the latest poker bonuses Get top poker tips and sign up online See more stories you'll love You've turned off story recommendations. Turn them on and we'll update the list below with stories we think you'll love (how we do this). 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. What Happened With That Biological Mother? Dear Prudence Follows Up. * 2. Drowning Doesn’t Look Like Drowning * 3. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists These gay weddings could change everything Last updated at 12:01AM, December 30 2013 Soon gays and lesbians will have a choice in formalising their relationships. Shouldn’t straight couples have one too? 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. Since the launch of the iPhone in 2007, its cash pile has swollen from about $15bn to $137bn. The company parks most of its cash overseas, hidden from America’s Internal Revenue Service. Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Related Articles Related Articles * The worm has turned for Apple 27 January 2013 * Cameron tax blitz wins bosses’ vote 27 January 2013 * Revealed: Apple takes bigger bite out of tax bill 4 November 2012 * Apple downloads another $10bn 21 October 2012 * The Untaxables 30 September 2012 * Apple’s cash crisis (it’s got too much money) 5 August 2012 No script ads will arrive soon! 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David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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Also in this section €405m National Lottery sell-off delayed as deal talks drag on A year of drama over Nama and house prices beckons as Troika exits stage left Richard Curran: A wish list for Irish business in 2014 Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size More in Irish (1 of 20 articles) €405m National Lottery sell-off delayed as deal talks drag on Read More Also in this Section The Treasury Building where NAMA is based A year of drama over Nama and house prices beckons as Troika exits stage left OUR prediction last year totally nailed the biggest deal of 2013, by forecasting that 3 would swoop to buy Telefonica's O2 Ireland business. We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. A wish list for Irish business in 2014 Early rise for bargain hunters as shops aim to end year on a high 'My AIB Laser card cost me €200' Tablet demand gives much-needed boost to tech shops 16 big business moments of 2013 Our total debt falls by €20bn but it's still a huge €1.62tn Classifieds CarsIreland [Any Make_____________] [Any Model] [Any Year] (BUTTON) Search Yourlocal What? (e.g. cafe, ba Where? 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We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. Most Read 1. F1 great Michael Schumacher fighting for life after skiing accident 2. Irishman loses fight for life in Australia 3. Schumacher 'fighting for his life' as he remains in induced coma 4. End of an era as Yvonne looks to pastures new 5. Death threats to pharmacy in nut tragedy row Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery Guests at the Respect Christmas Lunch 2013 at The Shelbourne Hotel, Dublin, Ireland - 23.12.13. Pictures: Cathal Burke / VIPIRELAND.COM *** Local Caption *** Kathryn Thomas, boyfriend Padraig McLoughlin Respect Christmas Lunch Your photos Send us your weather photos promo Celebrity News LONDON, UNITED KINGDOM - DECEMBER 05: Sarah Harding attends the Cosmopolitan Ultimate Women of the Year Awards at Victoria & Albert Museum on December 5, 2013 in London, England. (Photo by Stuart C. Wilson/Getty Images) Girls Aloud's Sarah Harding throws Twitter tantrum at 'tiny minds' Singer Sarah Harding has hit back at her critics, while her Voice of Ireland co-star Bressie soaks up the sun in Lanzarote. Ryan Phillippe's model romance heating up Ryan Phillippe is reportedly getting “serious” with his girlfriend. 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See our Privacy & Cookie Policy * News + Irish News + World News + Opinion + Local Papers + Weather * Business + Irish + World + Technology + Farming + Personal Finance * Sport + Soccer + Gaelic Football + Hurling + Rugby + Golf + Horse Racing + Other Sports * Entertainment + TV & Radio + Movies + Music + Going Out + Competitions + Horoscopes + Lotto * Woman * Lifestyle * Photos * Videos * Jobs * Property * Directory * Cars Social * Follow us on Facebook * Follow us on Twitter * Add us on google+ * Download our iPhone app * Download our Android app * Subscribe to our newsletters * Sitemap * Contact Us * Terms & Conditions * Privacy Statement * Advertise with Us * Group Websites Search ____________________ (BUTTON) Go Irish Independent © Independent.ie Logo Inm A * News * Sport * Business * Woman * Entertainment * Lifestyle * Videos * Photos * Google+ * Facebook * Twitter one pixel graphics Powered by the Parse.ly Publisher Platform (P3). #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Georgia Davis + Bruce Jones + Johnny Briggs + Jeremy Hunt + Lord Howe Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Ross Barkley + Brendan Rodgers + Arsene Wenger Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Jennifer Aniston + Courteney Cox + Abbey Clancy + Miley Cyrus + Selena Gomez Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Peter Capaldi + David Tennant + Ant McPartlin Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Sarah Ferguson + Duchess of York + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Miley Cyrus + Anderson Silva + Jose Mourinho + Father Christmas * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Olivier Panis + Jennifer Aniston + Courteney Cox Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Politics * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron's election guru Lynton Crosby uses mysterious offshore tax haven * Oct 03, 2013 00:00 * By Nick Sommerlad * 0 Comments * Share * Share * Tweet * +1 * Email Our investigation will cause acute embarrassment to the Prime Minister, who has described legal ploys to avoid tax as “morally wrong” Tory guru: Lynton Crosby Tory guru: Lynton Crosby Julian Hamilton David Cameron’s election guru owns and runs a mysterious offshore company in Malta, the Mirror can reveal. The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People Lynton Crosby David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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Sponsored Editorial Sponsored Editorial My Olympics Be part of the picture How are you celebrating the Games this summer? * Previous * 1 2 3 4 5 6 7 8 9 10 11 * Next Contact Us 1. Useful contacts 2. Syndication 3. Display advertising 4. Classified advertising Terms of use 1. Terms and conditions 2. Privacy and cookie policy Site Map 1. Site Map 2. Corrections About us 1. News UK 2. News Corporation 3. FAQ Other sites 1. The Whisky Club 2. Sunday Times Wine Club 3. Crossword Club 4. Encounters Dating 5. The Sunday Times Bookshop 6. Sunday Times Driving 7. Times Currency Services © Times Newspapers Ltd 2012 Registered office 3 Thomas More Square, London E98 1XY. Registered in England No 894646 Contact us Close What do you think? Help us improve The Sunday Times. We welcome your feedback, suggestions and ideas. Click here to send us your feedback Need help from our Customer Services team? You can contact the team via the following channels: Live Chat Twitter Email Telephone: +0044 20 7711 1523 Do you have a story? If you know of a story that we should be investigating, please let us know about it Post Customer Liaison 3 Thomas More Square, London E98 1RL Other useful contacts THE TIMES Politics * News * Opinion * Business * Money * Sport * Life * Arts * Puzzles * Papers * List View * Site Map * RSS Feeds * IFRAME: eplhubframe Welcome to your preview of The Times Subscribe now Hopes rise at G8 of ‘concrete’ progress against tax avoidance * Article * Q&A: what can G8 do on taxes? President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Revolution on wheels Lancashire’s big City Drive drive to fuel £1bn growth Times Scotland Good sports How top companies are taking the lead over social responsiblity More from Politics Tories plan fightback against European Court Updated 36 minutes ago A plan to ensure that Britain’s highest court cannot be overruled by Europe is being drawn up by the Tories ahead of the election, ministers say Miliband hints at free childcare promise Last updated at 4:39AM, December 30 2013 The Labour leader hinted that free childcare will be one of the next targets in his drive to tackle the cost of living Jobless figures point to interest rate rise Published at 12:01AM, December 30 2013 The figures will put pressure on Mark Carney over his policy of ‘forward guidance’, which is designed to reassure businesses and homeowners ‘Health tourists’ to face A&E charges Published at 12:01AM, December 30 2013 All patients will still be treated according to need, but health chiefs will be more aggressive in chasing up payments from visitors Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 0 shares * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Lily Allen Lily Allen attacks 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? 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Sarah can't fit through the door - but she wants to be an inspiration to larger ladies * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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[1351098709505441_p.jpg?cb=20131230] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131230] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131230] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131230] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131230] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131230] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131230] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131230] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131230] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131230] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save... 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Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Have they lost that loving feeling? Jennifer Aniston and Justin Theroux seem distant and preoccupied on blissful holiday Planning a wedding * Heidi Klum She looks mint! Heidi Klum, 40, shows off her toned frame in striking green leggings as she steps out with Martin Kristen Out with their dog * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! Pregnant Tamara Ecclestone and her identikit mother wear matching sunglasses In Beverly Hills * She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco Comes four years after actor's death * Una Foden The Saturdays Una Foden will compete with broken toe in new series of Splash! Redhead singer will carry on despite painful injury * Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her face Her face finally fits! Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her Approval from former Vogue Paris editor * Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Selena turned heads * Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Oscar-winner, 41, wore draw-string waist, wide-legged jeans * hilary Taking the Mickey! Hilary Duff and family don mouse ears as they enjoy son Luca's first visit to Disneyland Cute snap of the young family * Catherine Tyldesley Definitely not feeling blue! Catherine Tyldesley wraps up warm in a stylish winter coat as she steps out for coffee with a mystery man Caffeine... and love fix? * 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out in Aspen 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out Twins are two but learning to ski in Aspen * The Forces' Sweetheart: Welsh opera singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list The Forces' Sweetheart: Welsh classical singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list * Melanie Meeting the family! Dakota Johnson takes boyfriend Jordan Masterson on Aspen trip with mom Melanie Griffith and the clan Very cosy! * Today's headlines * Most Read * 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael... * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served... * Disillusioned : Lily Allen said her friends abandoned her after she became pregnant and stopped going to parties Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbs - but are they really that bad? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog... * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health... * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of... * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! As 70 Christmas Day bathers are savaged, the truth about the fish with a bite more powerful... * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London... * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Criminal activity: Police receive 250 calls a week about scams on Gumtree, it has been revealed (file picture) Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Khan secret courts preview Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal... * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped... * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for... * Scene: The teen was covered in flames when she stumbled from a nearby property towards the crossing, pictured, police belive Young mother dies in fireball: Teenager runs from home in flames... then collapses next to level crossing * A Netmums survey has revealed that parents underestimate the impact divorce has on their children How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're... * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went... * Sarah Massey 'My bottom is 7ft wide and I'm proud of it!' Woman with backside so large she once broke a toilet and can't... * food banks Police going easy on mothers who steal food 'simply to live' * Dangerous paedophile: Mark Sleman, of Exeter, Devon, was jailed for nine years in 1994 for the kidnap and attempted rape of a ten-year-old girl Paedophile released from jail early goes on the run for a SECOND time as victim's family blasts 'not fit for... * Romanian immigrants huddle around Marble Arch in London as a mass influx of Romanians is expected as the new year approaches Don't lift the border controls, grassroots Tories beg Cameron: Activists say he risks social unrest if the... * The findings reveal the shocking extent of the country's childhood obesity epidemic. File photo The 22st schoolgirl aged just TEN: Shocking case of year six pupil's morbid obesity as it's revealed 50... * Getting worse: Another month of storms is due to batter the UK while places such as Twekesbury, in Gloucestershire, have only started cleaning up Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters... * At last: Engineers have restored power to the last of the tens of thousands of homes without electricity following the Christmas storms Power finally restored to all homes FIVE DAYS after storm after network boss admits not enough engineers... * Blasted: Arriva Transport Solution's ambulance service has been attacked for leaving thousands waiting hours Row over ambulance privatisation after bus firm gets more than 400 complaints in just six months and... * iconic hair Audrey Hepburn's Breakfast at Tiffany's beehive tops list of most iconic hairstyles of all time (and yes,... * Prince Philip Prince Philip in list of best-dressed men 'for his services to classic British tailoring'... while first... * At least 10 people have been killed and 22 injured in an explosion on a packed trolleybus in Russia's Volgograd city At least 14 killed in second terror attack in Russian city of Volgograd ahead of Winter Olympics * A suicide bomber has killed 13 people and injured 50 at a train station in Volgograd, Russia Pictured: The new 'Black Widow' suicide bomber who targeted Russian train station killing at least 16 * You don't need to love Amazon's power-crazed founder Jeff Bezos to gasp at his genius and Nobody personifies the shallowness of modern Britain better than the preposterous Russell Brand The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * Decline: When adjusted for inflation, average earnings have fallen from just over £500-a-week when David Cameron became Prime Minister in May 2010, to just over £480-a-week in May 2013. We've had years of painful wage squeezes - now it's time to pay staff more as the economy recovers, CBI... * A tough spell: Only one region in the UK has seen average wages increase since 2008 So this is why we're struggling to pay the bills: Average pay slumps by half in some regions since the... * Captured on camera: The dramatic moment a gigantic crocodile attacks and kills a zebra foal courageously crossing a Kenyan river Caught on camera: The dramatic moment a gigantic crocodile attacks and kills a zebra foal courageously... * QI facts Men are more likely to drop dead during sex if they're cheating... And other delightfully dotty facts from... * Long-distance hearing: The 'cocktail party effect' shows that, even above the hubbub of a crowded room, people who have been together long enough do not struggle to pick out their partner's voice Could you hear your partner across a crowded room? Why married couples find it easier to hear (and ignore)... * Two cheetahs killed a white-tailed deer that jumped a wall at the National Zoo in Washington, DC on Friday. Cheetahs killed deer after it jumped zoo wall and ended up in their enclosure * Rabbi Mordechai Rosenberg is a rabbi, and a mohel who claimed to be 'trained,' yet managed to accidentally dismember a baby's penis Rabbi sued for accidentally SEVERING newborn baby boy's penis during a circumcision * Nicole Reyes and her husband Jorge pictured on their wedding day British mother held in Caribbean jail for 18 months accused of murdering her husband in car crash is forced... * The Wolf of Wall Street: Jordan Belfort, 51, is reportedly shopping around a reality TV show in which he helps people, like him, who have hit rock bottom but can be saved 'He is TV gold': Real-life 'Wolf of Wall Street' Jordan Belfort planning reality show in which he helps... * The Queen Crestfallen, the boy denied a royal audience: Children left disappointed after Queen breaks with tradition... * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being... * Stylish simplicity: The Pop has been named Esquire's Best Dressed Man for 2013 A divine sense of style: Pope Francis is named Esquire's Best Dressed Man of 2013 * 'It was as if she (psychic) knew me, without me even having to open my mouth,' said Catherine Chandler Why high flying women are ditching therapists – for psychics * Self-described 'dissident feminist' Paglia, 66, believes that attempts to deny the biological distinctions between men and women is to blame for the much that is wrong with modern society 'There's no room for anything manly now': Feminist writer Camille Paglia speaks out AGAINST the loss of... * Saturday, Dec 28 2013 6PM 3°C 9PM 3°C 5-Day Forecast UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of Argyll that scandalised Sixties society UNMASKED: After 50 years, we reveal the true identity of 'headless man' in sex picture with the Duchess of... * MORE HEADLINES * 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal by the Daily Mail * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar * The horrific moment legendary UFC fighter breaks his leg after opponent blocks a kick with his knee * Young mother dies in fireball: Teenager runs from home in flames... then collapses next to level crossing * Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * He's right behind you! Terrifying great white shark photo-bombs 12-year-olds out surfing * Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * The 22st schoolgirl aged just TEN: Shocking case of year six pupil's morbid obesity as it's revealed 50 primary school pupils weigh more than adults in a single city * Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters warn bad weather could last for a MONTH * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Sales chaos as M&S closes fitting rooms: Customers attack decision calling it 'suicide' and saying it will drive them away * Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * The bicycle highway: Plans unveiled for £220m 'Skycycle' that lets riders commute far above the railways of London * Battle to save Bobi: Animal lovers rallied to rescue this disabled dog from the gutters of Bulgaria... but now the RSPCA wants him put down * How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're happy after split * GMA host Robin Roberts reveals she's gay in thank you letter to fans and 'long time girlfriend' for supporting her through cancer * 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served chicken by mistake * The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * MediaGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. World news * Ireland · * Europe Business * Tax avoidance · * Corporate governance Politics Technology * Apple · * Facebook More news * More on this story * Enda Kenny Ireland to exit EU-IMF bailout without precautionary line of credit In upbeat assessment of Irish economy, taoiseach says finance minister to travel to Brussels to tell EU of Republic's decision * Ireland quits IMF bailout: Kenny reaps political reward but is the wager risky? * Ireland announces more budget cuts despite recovery * Guardian Professional Austerity plans could see Ireland scrap 83 councils – but will it help? * Share * Tweet this * * * Email Today's best video * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Guardian film critics Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Piers Morgan bats an over against Brett Lee Piers Morgan faces a Brett Lee over The former newspaper editor faced an over of pace in the nets GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? 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Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Guardian film critics Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Piers Morgan bats an over against Brett Lee Piers Morgan faces a Brett Lee over The former newspaper editor faced an over of pace in the nets GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? 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Breakfast with Lucian by Geordie Greig £16.99 Search the Guardian bookshop ____________________ (BUTTON) Search Economics blog weekly archives Jun 2013 Previous Next M T W T F S S 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Sponsored feature guardian jobs Find the latest jobs in your sector: * Arts & heritage * Charities * Education * Environment * Government * Graduate * Health * Marketing & PR * Media * Sales * Senior executive * Social care Browse all jobs international_______ Search More from Economics on Monday In depth economics analysis every week from Larry Elliott * Latest: 29 Dec 2013: Why Britain needs a pay rise * Next: 23 Jun 2013: George Osborne needs to give Neets a chance – for the economy's sake | Katie Allan * Previous: 16 Jun 2013: All eyes on Mark Carney's first move as Bank of England's new governor Economics on Monday index * License/buy our content | * Privacy policy | * Terms & conditions | * Advertising guide | * Accessibility | * A-Z index | * Inside the Guardian blog | * About us | * Work for us | * Join our dating site today * © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (1) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=1.6662262 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=1.6662262E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Hot desking. 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Myer says sorry for Boxing Day online shopping failure with free delivery 3. Costco gets another $110 million from US parent for Australian expansion 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. New Zealandâs cows come home in its own commodities boom 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. 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The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=1.1615764E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=1.1615764E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Hot desking. How hot-desking offices can wreck productivity Contains: 3 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments51 4 Victoria and New South Wales hope to regain ground as the dollar falls. Aussie dollar headed for US80¢ with RBA to cut rates ... 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Business BD-momentum172x115 Speeding up the claims process * Smh.com.au * Flash car tax facts * Super cheap start-ups * Ask our small biz experts Motoring Porsche 918 Spyder Best cars of 2013 * Drive.com.au * Holden shutdown: Full story * Over 500 car reviews a year * Cars for sale on Drive.com.au Managed Funds InvestSMART home loan rates Best Home loan Rates! * Investsmart.com.au * Share Trading * 3.9% Term Deposit! * One Off Share Sales Dating Couple in a piggyback pose Australia's Favourite Dating Site * Rsvp.com.au * Meet Sydney singles * Get started for free! * Singles events for all ages Essential Baby shock baby Cheese, Chow, Puppy: Weirdest names of 2013 * Essentialbaby.com.au * Ovulation calculator * Baby names * Due Date Calculator Compare and Save Skip to: * Best Deals * Mobile * Broadband * Home Loans * Credit Cards * Low Rate Cards * Rewards Cards * Savings Accts * Term Deposits * Loans Check out today's best deals Virgin No Annual Fee [cs-virgin-no-annual-fee.png] $50 gift card offer until 14 Jan 2014. Conditions apply Find Out More Top Home Loans [cs-hl-trim.png] Trim $1000s off your mortgage. Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 4. New Zealandâs cows come home in its own commodities boom 5. China tries to deal with its mountain of debt Most viewed articles on WA Today Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Costco gets another $110 million from US parent for Australian expansion 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. New Zealandâs cows come home in its own commodities boom 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? 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All rights reserved. * Accessibility * Privacy policy * Cookies info * Terms of use Quantcast #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 468 shares * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Lily Allen Lily Allen attacks 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rex * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly 100 fewer calories per meal * Michael Adebowale Revealed, the U.S. hate preacher who inspired murderer of Lee Rigby: Killer tells how he became a Muslim after watching Islamic hardliner's sermons * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Grim start: Commuters, pictured on London bridge, returned to work in their droves today but bad weather and engineering works have scuppered their journeys today Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms - as forecasters warn bad weather could last for a MONTH * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped out by smartphones * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * Keira Knightley house Keira's £4million home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar and gym * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many Chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Sarah Massey 'My bottom measures 7 FEET round and I'm proud of it!' Sarah can't fit through the door - but she wants to be an inspiration to larger ladies * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel... * tkA mother in Manhattan Beach, California recently took a picture of her 12-year-old son and his friend surfing and a great white shark appeared in the background. He's right behind you! Terrifying great white shark... * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131230] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131230] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131230] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131230] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131230] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131230] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131230] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131230] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131230] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131230] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? 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Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur-trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Have they lost that loving feeling? Jennifer Aniston and Justin Theroux seem distant and preoccupied on blissful holiday Planning a wedding * Heidi Klum She looks mint! Heidi Klum, 40, shows off her toned frame in striking green leggings as she steps out with Martin Kristen Out with their dog * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! Pregnant Tamara Ecclestone and her identikit mother wear matching sunglasses In Beverly Hills * She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco Comes four years after actor's death * Una Foden The Saturdays Una Foden will compete with broken toe in new series of Splash! Redhead singer will carry on despite painful injury * Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her face Her face finally fits! Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her Approval from former Vogue Paris editor * Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Selena turned heads * Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Oscar-winner, 41, wore draw-string waist, wide-legged jeans * hilary Taking the Mickey! Hilary Duff and family don mouse ears as they enjoy son Luca's first visit to Disneyland Cute snap of the young family * Catherine Tyldesley Definitely not feeling blue! Catherine Tyldesley wraps up warm in a stylish winter coat as she steps out for coffee with a mystery man Caffeine... and love fix? * 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out in Aspen 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out Twins are two but learning to ski in Aspen * The Forces' Sweetheart: Welsh opera singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list The Forces' Sweetheart: Welsh classical singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list * Melanie Meeting the family! Dakota Johnson takes boyfriend Jordan Masterson on Aspen trip with mom Melanie Griffith and the clan Very cosy! * Party time: Danielle O'Hara celebrates 30th with another celebration She's a firecracker! Flame-haired Danielle O'Hara celebrates her 30th birthday with yet ANOTHER celebration Really milking her birthday two weeks later * Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying in Atlanta Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying * Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Gearing up for a big night out * 'Funny I'm being accused of drinking heavily while pregnant': Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness 'Funny I'm being accused of drinking heavily while pregnant!' Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness * Boho chic! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French Grunge girl! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French * Today's headlines * Most Read * 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael... * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served... * Disillusioned : Lily Allen said her friends abandoned her after she became pregnant and stopped going to parties Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbs - but are they really that bad? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog... * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of... * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health... * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + OVER 1 MILLION8.5k + Cruz Taking Steps To Renounce Canadian Citizenship1.3k + Here Are All The Times Congress Screwed Americans This Year In The Name Of Austerity3.7k + Ted Cruz: No Mistakes Here1.7k + Toby Keith's New Restaurant Displays 'No Guns Permitted' Sign, Angers Gun Fans3.9k + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + The Worst Product Flops of 2013129 + And So It Begins151 + Target Makes Disturbing Admission536 + Wells Fargo Ordered To Buy Back Securities Worth $94 Million55 + Monumental Step For Weed Businesses179 + Go to Biz More in Biz + Small Biz + Money You might also like + World + Tech + Media + Arts + Sports + Weird News + Smarter Ideas + Urban Progress * Entertainment + 'Don't Trust The B' Star Turns Heads In Music Video + Britney Spears Rocks Her Vegas Debut90 + New Bruce Springsteen Album Leaked On Amazon19 + Justin Bieber Isn't Actually Retiring45 + Everything That Needs To Be Retired From Pop Culture In 201475 + Go to Entertainment More in Entertainment + Celebrity + TV You might also like + Comedy + Arts + Books + Food + Style + Weird News + Moviefone * Media + Anderson Cooper Makes 'Nervous' Confession About Kathy Griffin13 + Glenn Greenwald Condemns Media771 + NY Times Benghazi Blockbuster Highlights Video's Role In Attack269 + New York City Losing Its Only Progressive Talk Radio Station1k + Tribune Co. 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The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. (AP Photo/John Raoux) * Georgia State Capitol (Atlanta) Pictured on Tuesday, November 13, 2007. (Photo by Jessica McGowan/Getty Images) * Hawaii State Capitol (Honolulu) * Idaho State Capitol (Boise, Idaho) Pictured on Monday, Jan. 14, 2008. (Ned Dishman/NBAE via Getty Images) * Illinois State Capitol (Springfield, Ill.) Pictured on Tuesday, Sept. 21, 2004. (AP Photo/Seth Perlman) * Indiana State Capitol (Indianapolis) Pictured on Saturday, Feb. 4, 2012. (Photo by Jeff Gross/Getty Images) * Iowa State Capitol (Des Moines, Iowa) Pictured on Wednesday, Aug. 10, 2011. (Photo by Chip Somodevilla/Getty Images) * Kansas State Capitol (Topeka, Kan.) Pictured on Thursday, April 15, 2010. (AP Photo/Orlin Wagner) * Kentucky State Capitol (Frankfort, Ky.) Pictured on Wednesday, April 12, 2006. (AP Photo/James Crisp) * Louisiana State Capitol (Baton Rouge, La.) Pictured on Monday, Jan. 14, 2008. (Matthew HINTON/AFP/Getty Images) * Maine State Capitol (Augusta, Me.) Pictured on Monday, Oct. 17, 2011. (AP Photo/Pat Wellenbach) * Maryland State House (Annapolis, Md.) (Photo by Patrick Smith/Getty Images) * Massachusetts State House (Boston) Pictured on Tuesday, Jan. 2, 2007. (Photo by Darren McCollester/Getty Images) * Michigan State Capitol (Lansing, Mich.) Pictured on Wednesday, April 13, 2011. (Photo by Bill Pugliano/Getty Images) * Minnesota State Capitol (St. Paul, Minn.) Pictured on Friday, July 1, 2011. (Photo by Hannah Foslien/Getty Images) * Mississippi State Capitol (Jackson, Miss.) Pictured on Thursday, June 10, 1999. (AP Photo/Rogelio Solis) * Missouri State Capitol (Jefferson City, Mo.) Pictured on Friday, Oct. 16, 2000. (Photo credit should read ORLIN WAGNER/AFP/Getty Images) * Montana State Capitol (Helena, Mont.) * Nebraska State Capitol (Lincoln, Neb.) Pictured on Wednesday, Nov. 25, 1998. (AP Photo/S.E. McKee) * Nevada State Capitol (Carson City, Nev.) * New Hampshire State House (Concord, N.H.) Pictured on Friday, Dec. 28, 2001. (Todd Warshaw//Pool/Getty Images * New Jersey State House (Trenton, N.J.) Pictured on Friday, Aug. 13, 2004. (Photo by Chris Hondros/Getty Images) * New Mexico State Capitol (Santa Fe, N.M.) * New York State Capitol (Albany, N.Y.) Pictured on Sunday, March 16, 2008. (Photo by Daniel Barry/Getty Images) * North Carolina State Capitol (Raleigh, N.C.) Pictured in 1930. (AP Photo) * North Dakota State Capitol (Bismarck, N.D.) Pictured on Thursday, April 19, 2012. (AP Photo/Dale Wetzel) * Ohio Statehouse (Columbus, Ohio) Pictured on Tuesday, March 8, 2011. (Photo by Mike Munden/Getty Images) * Oklahoma State Capitol (Oklahoma City) Pictured on Wednesday, Feb. 29, 2012. (AP Photo/Sue Ogrocki) * Oregon State Capitol (Salem, Ore.) Pictured on Friday, May 20, 2011. (AP Photo/Rick Bowmer, file) * Pennsylvania State Capitol (Harrisburg, Pa.) Pictured on Thursday, June 28, 2012. (BRIGITTE DUSSEAU/AFP/GettyImages) * Rhode Island State House (Providence, R.I.) Pictured on Wednesday, Aug. 1, 1945. 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[s-OFFSHORE-TAX-mini.jpg?6] Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public... [s-PAKISTAN-mini.jpg?6] Gunmen Take Over Hospital In Southwestern Pakistan QUETTA, Pakistan — Pakistani forces stormed a hospital that had been taken over by gunmen Saturday in a restive southwestern province, freeing hostages and ending... [s-TAX-HAVENS-CANADA-mini.jpg?6] Secret Tax-Haven Names Released To Public A glimpse at an enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Monday 30 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Husky football ready to take on Chris Petersen's persona after bowl win 2. Seahawks beat Rams, 27-9, to secure home-field advantage 3. Downtown Seattle is hot spot again for new restaurants 4. Russell Wilson 2.0: He's proving vital to Seahawks' future 5. 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Loading... * Financial Crisis More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 canada-business Canada Edition: CA * CA Canada * DE Deutschland * ES Espana * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Region: All Canada * All Canada * Alberta * British Columbia * Quebec (en franc,ais) Follow Search The Huffingto Submit * FRONT PAGE * Politics + Toronto Mayoral Candidate's Husband Missing Again + Praise For Harper Government On This Issue, Despite Controversy + It Was A Year Of Hot Air On MPs' And Senators' Expenses46 + National Defence Shells Out $14,000 For Superheros Poll42 + New Brunswick Liberals To Question Tory Ice Storm Response + Go to Politics More in Politics + The Pulse + Stephen Harper You might also like + US Politics + 2012 US Election + UK Politics * Business + What Is Canada's New Year's Resolution For 2014? + BlackBerry Co-Founder Sells $26-Million In Company Shares + Who Will Win Canada's Retail War? + Lac-Megantic Exec: 'I Was Also A Victim'41 + How To Handle Post-Holiday Debt + Go to Business More in Business + Small Business + Money You might also like + Tech + Walletpop + TechCrunch + Autoblog * World + Suicide Bomber Attacks Russian Train Station640 + Attack On Trolley Kills 14 In Russia160 + Syrian Airstrike Kills 2078 + 13 Things You Thought Were American But Aren't272 + 'White Army' Militia Marches To Fight In South Sudan45 + Go to World More in World + Foreign Affairs + World Elections + Arab Uprising + Afghanistan War + Syria Crisis You might also like + Travel + Impact * Living + 20 Inspirational Quotes For 2014 + 14 Appetizers For Your New Year's Eve Party + 9 Strange New Year's Traditions...Like Wearing Red Underwear + This Is Why Toronto Is So Multicultural + Go to Living You might also like + Healthy Living + Food + Recipes + Divorce + Women + Parentdish + Green + Post50 + Weddings * Style + Kanye Gave Kim A Nudie Handbag For Christmas? + WIN OR MISS? 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend... put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Bank Fees * Traveling Pot * Broncos Season in Photos * The Fire Line * New Year's Eve Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Successive suicide bombings in Russia kill over 30 Schumacher critical, outlook uncertain after fall Denver to warm up again this week, with light mountain snow Denver police won't actively seek pot-smoking scofflaws, chief says Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. What Happened With That Biological Mother? Dear Prudence Follows Up. * 2. Drowning Doesn’t Look Like Drowning * 3. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists These gay weddings could change everything Last updated at 12:01AM, December 30 2013 Soon gays and lesbians will have a choice in formalising their relationships. Shouldn’t straight couples have one too? 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. 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David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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Also in this section €405m National Lottery sell-off delayed as deal talks drag on A year of drama over Nama and house prices beckons as Troika exits stage left Richard Curran: A wish list for Irish business in 2014 Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size More in Irish (1 of 20 articles) €405m National Lottery sell-off delayed as deal talks drag on Read More Also in this Section The Treasury Building where NAMA is based A year of drama over Nama and house prices beckons as Troika exits stage left OUR prediction last year totally nailed the biggest deal of 2013, by forecasting that 3 would swoop to buy Telefonica's O2 Ireland business. We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. A wish list for Irish business in 2014 Early rise for bargain hunters as shops aim to end year on a high 'My AIB Laser card cost me €200' Tablet demand gives much-needed boost to tech shops 16 big business moments of 2013 Our total debt falls by €20bn but it's still a huge €1.62tn Classifieds CarsIreland [Any Make_____________] [Any Model] [Any Year] (BUTTON) Search Yourlocal What? (e.g. cafe, ba Where? 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We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. Most Read 1. F1 great Michael Schumacher fighting for life after skiing accident 2. Irishman loses fight for life in Australia 3. Schumacher 'fighting for his life' as he remains in induced coma 4. End of an era as Yvonne looks to pastures new 5. Death threats to pharmacy in nut tragedy row Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery Guests at the Respect Christmas Lunch 2013 at The Shelbourne Hotel, Dublin, Ireland - 23.12.13. Pictures: Cathal Burke / VIPIRELAND.COM *** Local Caption *** Kathryn Thomas, boyfriend Padraig McLoughlin Respect Christmas Lunch Your photos Send us your weather photos promo Celebrity News LONDON, UNITED KINGDOM - DECEMBER 05: Sarah Harding attends the Cosmopolitan Ultimate Women of the Year Awards at Victoria & Albert Museum on December 5, 2013 in London, England. (Photo by Stuart C. Wilson/Getty Images) Girls Aloud's Sarah Harding throws Twitter tantrum at 'tiny minds' Singer Sarah Harding has hit back at her critics, while her Voice of Ireland co-star Bressie soaks up the sun in Lanzarote. Ryan Phillippe's model romance heating up Ryan Phillippe is reportedly getting “serious” with his girlfriend. Iron Man 3 - starring Don Cheadle, Rebecca Hall, Sir Ben Kingsley and Robert Downey Jr - is the biggest grossing film of 2013 Iron Man 3 makes most money of 2013 Iron Man 3 has been named the highest-grossing film of 2013. David Tennant has no idea what the future holds for his Broadchurch character Tennant has no clue for Broadchurch David Tennant has admitted he is worried that his Broadchurch character may be killed off during the second series of the programme. Lynda Carter played Wonder Woman in the 1970s series Carter: Wonder Woman was thrilling Lynda Carter has revealed she never tried to play Wonder Woman as a sex symbol. Britt Ekland has revealed her joy at becoming a grandmother at the age of 71 My plastic surgery regret, by Britt Former Bond Girl Britt Ekland has revealed her regret over having plastic surgery and her joy at becoming a grandmother at the age of 71. Nick Grimshaw topped GQ's best-dressed list Grimshaw tops GQ best-dressed list Nick Grimshaw has topped a list of best-dressed men - which also included Harry Styles, David Beckham and the Duke of Edinburgh. Carly Rae Jepsen will play Cinderella on Broadway Carly Rae Jepsen heads to Broadway Carly Rae Jepsen has had her calls returned by Broadway. Keira Knightley decided she wasn't cut out for Twitter Knightley's 12-hour Twitter account Keira Knightley has said she could only stand 12 hours on Twitter before she had to deactivate her account. Peter Jackson's Hobbit sequel is still doing well at the box office Hobbit still No 1 at box office The Hobbit: The Desolation Of Smaug has continued to top the US box office, landing at number one for the third weekend in a row. By using this website you consent to our use of cookies. For more information on cookies see our Cookie Policy [cookie_bar_close.png] This site uses cookies. 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See our Privacy & Cookie Policy * News + Irish News + World News + Opinion + Local Papers + Weather * Business + Irish + World + Technology + Farming + Personal Finance * Sport + Soccer + Gaelic Football + Hurling + Rugby + Golf + Horse Racing + Other Sports * Entertainment + TV & Radio + Movies + Music + Going Out + Competitions + Horoscopes + Lotto * Woman * Lifestyle * Photos * Videos * Jobs * Property * Directory * Cars Social * Follow us on Facebook * Follow us on Twitter * Add us on google+ * Download our iPhone app * Download our Android app * Subscribe to our newsletters * Sitemap * Contact Us * Terms & Conditions * Privacy Statement * Advertise with Us * Group Websites Search ____________________ (BUTTON) Go Irish Independent © Independent.ie Logo Inm A * News * Sport * Business * Woman * Entertainment * Lifestyle * Videos * Photos * Google+ * Facebook * Twitter one pixel graphics Powered by the Parse.ly Publisher Platform (P3). #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Georgia Davis + Bruce Jones + Johnny Briggs + Jeremy Hunt + Lord Howe Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Ross Barkley + Brendan Rodgers + Arsene Wenger Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Jennifer Aniston + Courteney Cox + Abbey Clancy + Miley Cyrus + Selena Gomez Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Peter Capaldi + David Tennant + Ant McPartlin Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Sarah Ferguson + Duchess of York + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Miley Cyrus + Anderson Silva + Jose Mourinho + Father Christmas * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Arsene Wenger + Olivier Panis + Brendan Rodgers Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Politics * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron's election guru Lynton Crosby uses mysterious offshore tax haven * Oct 03, 2013 00:00 * By Nick Sommerlad * 0 Comments * Share * Share * Tweet * +1 * Email Our investigation will cause acute embarrassment to the Prime Minister, who has described legal ploys to avoid tax as “morally wrong” Tory guru: Lynton Crosby Tory guru: Lynton Crosby Julian Hamilton David Cameron’s election guru owns and runs a mysterious offshore company in Malta, the Mirror can reveal. The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People David Cameron Lynton Crosby See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 0 shares * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Lily Allen Lily Allen attacks 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? 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Sarah can't fit through the door - but she wants to be an inspiration to larger ladies * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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[1351098709505441_p.jpg?cb=20131230] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131230] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131230] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131230] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131230] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131230] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131230] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131230] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131230] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131230] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save... 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get... Migrants who go to A&E will be billed between £20 and £100 for a consultation, on top of the cost of their treatment - with staff presenting... * Comments (1269) Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! As 70 Christmas Day bathers are savaged, the truth about the fish with a bite more powerful than a T-rex An attack on the Rambla Catalunya beach in Argentina left dozens of people - and 20 children - mauled by shoals of the razor-toothed fish. * Comments (83) * Videos Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Fergie's amazing transformation: 'Duchess of Pork' sheds the pounds on three month mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur-trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Have they lost that loving feeling? Jennifer Aniston and Justin Theroux seem distant and preoccupied on blissful holiday Planning a wedding * Heidi Klum She looks mint! Heidi Klum, 40, shows off her toned frame in striking green leggings as she steps out with Martin Kristen Out with their dog * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! Pregnant Tamara Ecclestone and her identikit mother wear matching sunglasses In Beverly Hills * She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco Comes four years after actor's death * Una Foden The Saturdays Una Foden will compete with broken toe in new series of Splash! Redhead singer will carry on despite painful injury * Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her face Her face finally fits! Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her Approval from former Vogue Paris editor * Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Selena turned heads * Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Oscar-winner, 41, wore draw-string waist, wide-legged jeans * hilary Taking the Mickey! Hilary Duff and family don mouse ears as they enjoy son Luca's first visit to Disneyland Cute snap of the young family * Catherine Tyldesley Definitely not feeling blue! Catherine Tyldesley wraps up warm in a stylish winter coat as she steps out for coffee with a mystery man Caffeine... and love fix? * 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out in Aspen 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out Twins are two but learning to ski in Aspen * The Forces' Sweetheart: Welsh opera singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list The Forces' Sweetheart: Welsh classical singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list * Melanie Meeting the family! Dakota Johnson takes boyfriend Jordan Masterson on Aspen trip with mom Melanie Griffith and the clan Very cosy! * Party time: Danielle O'Hara celebrates 30th with another celebration She's a firecracker! Flame-haired Danielle O'Hara celebrates her 30th birthday with yet ANOTHER celebration Really milking her birthday two weeks later * Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying in Atlanta Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying * Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Gearing up for a big night out * 'Funny I'm being accused of drinking heavily while pregnant': Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness 'Funny I'm being accused of drinking heavily while pregnant!' Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness * Boho chic! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French Grunge girl! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French * Today's headlines * Most Read * 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael... * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served... * Disillusioned : Lily Allen said her friends abandoned her after she became pregnant and stopped going to parties Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbs - but are they really that bad? * Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog... * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of... * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health... * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! As 70 Christmas Day bathers are savaged, the truth about the fish with a bite more powerful... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Michael Adebowale The U.S. hate preacher who inspired murderer of Lee Rigby: Killer reveals how he became a Muslim after... * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Getting worse: Another month of storms is due to batter the UK while places such as Twekesbury, in Gloucestershire, have only started cleaning up Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters... * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped... * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for... * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London... * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went... * Spider.jpg Mystery in the Amazon solved: Miniature towers surrounded by 'picket fences' on trees are found to be the... * food banks Police going easy on mothers who steal food 'simply to live' * Dangerous paedophile: Mark Sleman, of Exeter, Devon, was jailed for nine years in 1994 for the kidnap and attempted rape of a ten-year-old girl Paedophile released from jail early goes on the run for a SECOND time as victim's family blasts 'not fit for... * Scene: The teen was covered in flames when she stumbled from a nearby property towards the crossing, pictured, police belive Young mother dies in fireball: Teenager runs from home in flames... then collapses next to level crossing * Criminal activity: Police receive 250 calls a week about scams on Gumtree, it has been revealed (file picture) Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * Sarah Massey 'My bottom is 7ft wide and I'm proud of it!' Woman with backside so large she once broke a toilet and can't... * At last: Engineers have restored power to the last of the tens of thousands of homes without electricity following the Christmas storms Power finally restored to all homes FIVE DAYS after storm after network boss admits not enough engineers... * Blasted: Arriva Transport Solution's ambulance service has been attacked for leaving thousands waiting hours Row over ambulance privatisation after bus firm gets more than 400 complaints in just six months and... * iconic hair Audrey Hepburn's Breakfast at Tiffany's beehive tops list of most iconic hairstyles of all time (and yes,... * Prince Philip Prince Philip in list of best-dressed men 'for his services to classic British tailoring'... while first... * At least 10 people have been killed and 22 injured in an explosion on a packed trolleybus in Russia's Volgograd city Second suicide bomb in 24 hours causes carnage in Volgograd as bus explosion kills 14 people six weeks ahead... * A suicide bomber has killed 13 people and injured 50 at a train station in Volgograd, Russia Pictured: The new 'Black Widow' suicide bomber who targeted Russian train station killing at least 16 * You don't need to love Amazon's power-crazed founder Jeff Bezos to gasp at his genius and Nobody personifies the shallowness of modern Britain better than the preposterous Russell Brand The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * Decline: When adjusted for inflation, average earnings have fallen from just over £500-a-week when David Cameron became Prime Minister in May 2010, to just over £480-a-week in May 2013. We've had years of painful wage squeezes - now it's time to pay staff more as the economy recovers, CBI... * A tough spell: Only one region in the UK has seen average wages increase since 2008 So this is why we're struggling to pay the bills: Real wages slump BY HALF in some regions since recession -... * Khan secret courts preview Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal... * QI facts Men are more likely to drop dead during sex if they're cheating... And other delightfully dotty facts from... * Long-distance hearing: The 'cocktail party effect' shows that, even above the hubbub of a crowded room, people who have been together long enough do not struggle to pick out their partner's voice Could you hear your partner across a crowded room? Why married couples find it easier to hear (and ignore)... * Two cheetahs killed a white-tailed deer that jumped a wall at the National Zoo in Washington, DC on Friday. Cheetahs killed deer after it jumped zoo wall and ended up in their enclosure * Rabbi Mordechai Rosenberg is a rabbi, and a mohel who claimed to be 'trained,' yet managed to accidentally dismember a baby's penis Rabbi sued for accidentally SEVERING newborn baby boy's penis during a circumcision * Nicole Reyes and her husband Jorge pictured on their wedding day British mother held in Caribbean jail for 18 months accused of murdering her husband in car crash is forced... * The Wolf of Wall Street: Jordan Belfort, 51, is reportedly shopping around a reality TV show in which he helps people, like him, who have hit rock bottom but can be saved 'He is TV gold': Real-life 'Wolf of Wall Street' Jordan Belfort planning reality show in which he helps... * The Prime Minister was seen queuing with his family at a Cornish pasty van at the Winter Wonderland, in Hyde Park, London Cameron's love for Cornish pasties continues as he treats himself to a snack at Winter Wonderland * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being... * Stylish simplicity: The Pop has been named Esquire's Best Dressed Man for 2013 A divine sense of style: Pope Francis is named Esquire's Best Dressed Man of 2013 * 'It was as if she (psychic) knew me, without me even having to open my mouth,' said Catherine Chandler Why high flying women are ditching therapists – for psychics * A Netmums survey has revealed that parents underestimate the impact divorce has on their children How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're... * Self-described 'dissident feminist' Paglia, 66, believes that attempts to deny the biological distinctions between men and women is to blame for the much that is wrong with modern society 'There's no room for anything manly now': Feminist writer Camille Paglia speaks out AGAINST the loss of... * MORE HEADLINES * 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal by the Daily Mail * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar * The horrific moment legendary UFC fighter breaks his leg after opponent blocks a kick with his knee * Young mother dies in fireball: Teenager runs from home in flames... then collapses next to level crossing * Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * He's right behind you! 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Stores accused of abandoning clientele by selling items for hundreds of pounds * The 22st schoolgirl aged just TEN: Shocking case of year six pupil's morbid obesity as it's revealed 50 primary school pupils weigh more than adults in a single city * Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters warn bad weather could last for a MONTH * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Sales chaos as M&S closes fitting rooms: Customers attack decision calling it 'suicide' and saying it will drive them away * Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * The bicycle highway: Plans unveiled for £220m 'Skycycle' that lets riders commute far above the railways of London * Battle to save Bobi: Animal lovers rallied to rescue this disabled dog from the gutters of Bulgaria... but now the RSPCA wants him put down * How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're happy after split * GMA host Robin Roberts reveals she's gay in thank you letter to fans and 'long time girlfriend' for supporting her through cancer * 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served chicken by mistake * The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * MediaGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. World news * Ireland · * Europe Business * Tax avoidance · * Corporate governance Politics Technology * Apple · * Facebook More news * More on this story * Enda Kenny Ireland to exit EU-IMF bailout without precautionary line of credit In upbeat assessment of Irish economy, taoiseach says finance minister to travel to Brussels to tell EU of Republic's decision * Ireland quits IMF bailout: Kenny reaps political reward but is the wager risky? * Ireland announces more budget cuts despite recovery * Guardian Professional Austerity plans could see Ireland scrap 83 councils – but will it help? * Share * Tweet this * * * Email Today's best video * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern festive feast Jack Monroe takes inspiration from Syria and Lebanon, using spices that enliven simple, low-cost ingredients GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? 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Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. 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All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (1) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=9.5404019 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=9.5404019E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. 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The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=5.6662429E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=5.6662429E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments51 3 Hot desking. How hot-desking offices can wreck productivity Contains: 4 Victoria and New South Wales hope to regain ground as the dollar falls. Aussie dollar headed for US80¢ with RBA to cut rates ... 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Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 4. New Zealandâs cows come home in its own commodities boom 5. China tries to deal with its mountain of debt Most viewed articles on WA Today Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Costco gets another $110 million from US parent for Australian expansion 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? 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All rights reserved. * Accessibility * Privacy policy * Cookies info * Terms of use Quantcast #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 468 shares * Benefits cheats And the most outrageous benefits cheats of 2013 are . . . the drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * Lily Allen Lily Allen attacks 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly 100 fewer calories per meal * Grim start: Commuters, pictured on London bridge, returned to work in their droves today but bad weather and engineering works have scuppered their journeys today Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms - as forecasters warn bad weather could last for a MONTH * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rex * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Michael Adebowale Revealed, the U.S. hate preacher who inspired murderer of Lee Rigby: Killer tells how he became a Muslim after watching Islamic hardliner's sermons * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped out by smartphones * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * Keira Knightley house Keira's £4million home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar and gym * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many Chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Spider.jpg Mystery in the Amazon solved: Miniature towers surrounded by 'picket fences' on trees are found to be the work of spiders * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131230] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131230] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131230] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131230] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131230] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131230] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131230] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131230] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131230] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131230] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too... 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Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! 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Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? 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The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Have they lost that loving feeling? Jennifer Aniston and Justin Theroux seem distant and preoccupied on blissful holiday Planning a wedding * Heidi Klum She looks mint! Heidi Klum, 40, shows off her toned frame in striking green leggings as she steps out with Martin Kristen Out with their dog * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! Pregnant Tamara Ecclestone and her identikit mother wear matching sunglasses In Beverly Hills * She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco Comes four years after actor's death * Una Foden The Saturdays Una Foden will compete with broken toe in new series of Splash! Redhead singer will carry on despite painful injury * Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her face Her face finally fits! Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her Approval from former Vogue Paris editor * Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Selena turned heads * Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Oscar-winner, 41, wore draw-string waist, wide-legged jeans * hilary Taking the Mickey! Hilary Duff and family don mouse ears as they enjoy son Luca's first visit to Disneyland Cute snap of the young family * Catherine Tyldesley Definitely not feeling blue! Catherine Tyldesley wraps up warm in a stylish winter coat as she steps out for coffee with a mystery man Caffeine... and love fix? * 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out in Aspen 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out Twins are two but learning to ski in Aspen * The Forces' Sweetheart: Welsh opera singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list The Forces' Sweetheart: Welsh classical singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list * Melanie Meeting the family! Dakota Johnson takes boyfriend Jordan Masterson on Aspen trip with mom Melanie Griffith and the clan Very cosy! * Party time: Danielle O'Hara celebrates 30th with another celebration She's a firecracker! Flame-haired Danielle O'Hara celebrates her 30th birthday with yet ANOTHER celebration Really milking her birthday two weeks later * Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying in Atlanta Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying * Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Gearing up for a big night out * 'Funny I'm being accused of drinking heavily while pregnant': Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness 'Funny I'm being accused of drinking heavily while pregnant!' Teen Mom 2's Jenelle Evans insists she's staying sober but gets ill from morning sickness * Boho chic! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French Grunge girl! Ashley Tisdale carries on her fashion fad in artsy coat and leggings to grab lunch with fiance Christopher French * Today's headlines * Most Read * 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael... * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served... * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbs - but are they really that bad? * benefits This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog... * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of... * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health... * Disillusioned : Lily Allen said her friends abandoned her after she became pregnant and stopped going to parties Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Getting worse: Another month of storms is due to batter the UK while places such as Twekesbury, in Gloucestershire, have only started cleaning up Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters... * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! As 70 Christmas Day bathers are savaged, the truth about the fish with a bite more powerful... * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Michael Adebowale The U.S. hate preacher who inspired murderer of Lee Rigby: Killer reveals how he became a Muslim after... * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped... * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for... * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London... * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went... * Spider.jpg Mystery in the Amazon solved: Miniature towers surrounded by 'picket fences' on trees are found to be the... * food banks Police going easy on mothers who steal food 'simply to live' * Dangerous paedophile: Mark Sleman, of Exeter, Devon, was jailed for nine years in 1994 for the kidnap and attempted rape of a ten-year-old girl Paedophile released from jail early goes on the run for a SECOND time as victim's family blasts 'not fit for... * Rachel Osei, teenage mother who has died in a fireball after running from her home in flames Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying... * Criminal activity: Police receive 250 calls a week about scams on Gumtree, it has been revealed (file picture) Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * Sarah Massey 'My bottom is 7ft wide and I'm proud of it!' Woman with backside so large she once broke a toilet and can't... * At last: Engineers have restored power to the last of the tens of thousands of homes without electricity following the Christmas storms Power finally restored to all homes FIVE DAYS after storm after network boss admits not enough engineers... * Blasted: Arriva Transport Solution's ambulance service has been attacked for leaving thousands waiting hours Row over ambulance privatisation after bus firm gets more than 400 complaints in just six months and... * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes,... * Prince Philip Prince Philip in list of best-dressed men 'for his services to classic British tailoring'... while first... * At least 10 people have been killed and 22 injured in an explosion on a packed trolleybus in Russia's Volgograd city Second suicide bomb in 24 hours causes carnage in Volgograd as bus explosion kills 14 people six weeks ahead... * A suicide bomber has killed 13 people and injured 50 at a train station in Volgograd, Russia Pictured: The new 'Black Widow' suicide bomber who targeted Russian train station killing at least 16 * You don't need to love Amazon's power-crazed founder Jeff Bezos to gasp at his genius and Nobody personifies the shallowness of modern Britain better than the preposterous Russell Brand The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * Decline: When adjusted for inflation, average earnings have fallen from just over £500-a-week when David Cameron became Prime Minister in May 2010, to just over £480-a-week in May 2013. We've had years of painful wage squeezes - now it's time to pay staff more as the economy recovers, CBI... * A tough spell: Only one region in the UK has seen average wages increase since 2008 So this is why we're struggling to pay the bills: Real wages slump BY HALF in some regions since recession -... * Khan secret courts preview Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal... * QI facts Men are more likely to drop dead during sex if they're cheating... And other delightfully dotty facts from... * Long-distance hearing: The 'cocktail party effect' shows that, even above the hubbub of a crowded room, people who have been together long enough do not struggle to pick out their partner's voice Could you hear your partner across a crowded room? Why married couples find it easier to hear (and ignore)... * Two cheetahs killed a white-tailed deer that jumped a wall at the National Zoo in Washington, DC on Friday. Cheetahs killed deer after it jumped zoo wall and ended up in their enclosure * Rabbi Mordechai Rosenberg is a rabbi, and a mohel who claimed to be 'trained,' yet managed to accidentally dismember a baby's penis Rabbi sued for accidentally SEVERING newborn baby boy's penis during a circumcision * Nicole Reyes and her husband Jorge pictured on their wedding day British mother held in Caribbean jail for 18 months accused of murdering her husband in car crash is forced... * The Wolf of Wall Street: Jordan Belfort, 51, is reportedly shopping around a reality TV show in which he helps people, like him, who have hit rock bottom but can be saved 'He is TV gold': Real-life 'Wolf of Wall Street' Jordan Belfort planning reality show in which he helps... * The Prime Minister was seen queuing with his family at a Cornish pasty van at the Winter Wonderland, in Hyde Park, London Cameron shows he really DOES love Cornish pasties: PM treats himself to a snack at Winter Wonderland * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being... * Stylish simplicity: The Pop has been named Esquire's Best Dressed Man for 2013 A divine sense of style: Pope Francis is named Esquire's Best Dressed Man of 2013 * 'It was as if she (psychic) knew me, without me even having to open my mouth,' said Catherine Chandler Why high flying women are ditching therapists – for psychics * A Netmums survey has revealed that parents underestimate the impact divorce has on their children How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're... * Self-described 'dissident feminist' Paglia, 66, believes that attempts to deny the biological distinctions between men and women is to blame for the much that is wrong with modern society 'There's no room for anything manly now': Feminist writer Camille Paglia speaks out AGAINST the loss of... * MORE HEADLINES * 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal by the Daily Mail * Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar * The horrific moment legendary UFC fighter breaks his leg after opponent blocks a kick with his knee * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served chicken by mistake * Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * He's right behind you! Terrifying great white shark photo-bombs 12-year-olds out surfing * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * The 22st schoolgirl aged just TEN: Shocking case of year six pupil's morbid obesity as it's revealed 50 primary school pupils weigh more than adults in a single city * Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters warn bad weather could last for a MONTH * Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * Sales chaos as M&S closes fitting rooms: Customers attack decision calling it 'suicide' and saying it will drive them away * The bicycle highway: Plans unveiled for £220m 'Skycycle' that lets riders commute far above the railways of London * Battle to save Bobi: Animal lovers rallied to rescue this disabled dog from the gutters of Bulgaria... but now the RSPCA wants him put down * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're happy after split * GMA host Robin Roberts reveals she's gay in thank you letter to fans and 'long time girlfriend' for supporting her through cancer * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + OVER 1 MILLION8.5k + Cruz Taking Steps To Renounce Canadian Citizenship1.3k + Here Are All The Times Congress Screwed Americans This Year In The Name Of Austerity3.7k + Ted Cruz: No Mistakes Here1.7k + Toby Keith's New Restaurant Displays 'No Guns Permitted' Sign, Angers Gun Fans3.9k + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + The Worst Product Flops of 2013129 + And So It Begins158 + Target Makes Disturbing Admission536 + Wells Fargo Ordered To Buy Back Securities Worth $94 Million55 + Monumental Step For Weed Businesses179 + Go to Biz More in Biz + Small Biz + Money You might also like + World + Tech + Media + Arts + Sports + Weird News + Smarter Ideas + Urban Progress * Entertainment + 'Don't Trust The B' Star Turns Heads In Music Video + Britney Spears Rocks Her Vegas Debut90 + New Bruce Springsteen Album Leaked On Amazon19 + Justin Bieber Isn't Actually Retiring45 + Everything That Needs To Be Retired From Pop Culture In 201475 + Go to Entertainment More in Entertainment + Celebrity + TV You might also like + Comedy + Arts + Books + Food + Style + Weird News + Moviefone * Media + Anderson Cooper Makes 'Nervous' Confession About Kathy Griffin13 + Glenn Greenwald Condemns Media771 + NY Times Benghazi Blockbuster Highlights Video's Role In Attack278 + New York City Losing Its Only Progressive Talk Radio Station1k + Tribune Co. 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The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. (AP Photo/John Raoux) * Georgia State Capitol (Atlanta) Pictured on Tuesday, November 13, 2007. (Photo by Jessica McGowan/Getty Images) * Hawaii State Capitol (Honolulu) * Idaho State Capitol (Boise, Idaho) Pictured on Monday, Jan. 14, 2008. (Ned Dishman/NBAE via Getty Images) * Illinois State Capitol (Springfield, Ill.) Pictured on Tuesday, Sept. 21, 2004. (AP Photo/Seth Perlman) * Indiana State Capitol (Indianapolis) Pictured on Saturday, Feb. 4, 2012. (Photo by Jeff Gross/Getty Images) * Iowa State Capitol (Des Moines, Iowa) Pictured on Wednesday, Aug. 10, 2011. (Photo by Chip Somodevilla/Getty Images) * Kansas State Capitol (Topeka, Kan.) Pictured on Thursday, April 15, 2010. (AP Photo/Orlin Wagner) * Kentucky State Capitol (Frankfort, Ky.) Pictured on Wednesday, April 12, 2006. (AP Photo/James Crisp) * Louisiana State Capitol (Baton Rouge, La.) Pictured on Monday, Jan. 14, 2008. (Matthew HINTON/AFP/Getty Images) * Maine State Capitol (Augusta, Me.) Pictured on Monday, Oct. 17, 2011. (AP Photo/Pat Wellenbach) * Maryland State House (Annapolis, Md.) (Photo by Patrick Smith/Getty Images) * Massachusetts State House (Boston) Pictured on Tuesday, Jan. 2, 2007. (Photo by Darren McCollester/Getty Images) * Michigan State Capitol (Lansing, Mich.) Pictured on Wednesday, April 13, 2011. (Photo by Bill Pugliano/Getty Images) * Minnesota State Capitol (St. Paul, Minn.) Pictured on Friday, July 1, 2011. (Photo by Hannah Foslien/Getty Images) * Mississippi State Capitol (Jackson, Miss.) Pictured on Thursday, June 10, 1999. (AP Photo/Rogelio Solis) * Missouri State Capitol (Jefferson City, Mo.) Pictured on Friday, Oct. 16, 2000. (Photo credit should read ORLIN WAGNER/AFP/Getty Images) * Montana State Capitol (Helena, Mont.) * Nebraska State Capitol (Lincoln, Neb.) Pictured on Wednesday, Nov. 25, 1998. (AP Photo/S.E. McKee) * Nevada State Capitol (Carson City, Nev.) * New Hampshire State House (Concord, N.H.) Pictured on Friday, Dec. 28, 2001. (Todd Warshaw//Pool/Getty Images * New Jersey State House (Trenton, N.J.) Pictured on Friday, Aug. 13, 2004. (Photo by Chris Hondros/Getty Images) * New Mexico State Capitol (Santa Fe, N.M.) * New York State Capitol (Albany, N.Y.) Pictured on Sunday, March 16, 2008. (Photo by Daniel Barry/Getty Images) * North Carolina State Capitol (Raleigh, N.C.) Pictured in 1930. (AP Photo) * North Dakota State Capitol (Bismarck, N.D.) Pictured on Thursday, April 19, 2012. (AP Photo/Dale Wetzel) * Ohio Statehouse (Columbus, Ohio) Pictured on Tuesday, March 8, 2011. (Photo by Mike Munden/Getty Images) * Oklahoma State Capitol (Oklahoma City) Pictured on Wednesday, Feb. 29, 2012. (AP Photo/Sue Ogrocki) * Oregon State Capitol (Salem, Ore.) Pictured on Friday, May 20, 2011. (AP Photo/Rick Bowmer, file) * Pennsylvania State Capitol (Harrisburg, Pa.) Pictured on Thursday, June 28, 2012. (BRIGITTE DUSSEAU/AFP/GettyImages) * Rhode Island State House (Providence, R.I.) Pictured on Wednesday, Aug. 1, 1945. (AP Photo) * South Carolina State House (Columbia, S.C.) Pictured on Monday, Jan. 21, 2008. (Photo by Chris Hondros/Getty Images) * South Dakota State Capitol (Pierre, S.D.) Pictured on Tuesday, Jan. 10, 2012. (AP Photo/Doug Dreyer) * Tennessee State Capitol (Nashville, Tenn.) Pictured on Tuesday, Sept. 30, 1941. (AP Photo) * Texas State Capitol (Austin, Texas) Pictured on Tuesday, Oct. 4, 2011. (MIRA OBERMAN/AFP/Getty Images) * Utah State Capitol (Salt Lake City) Pictured on Thursday, March 15, 2001. (GEORGE FREY/AFP/Getty Images) * Vermont State House (Montpelier, Vt.) Pictured on April 9, 1953. (AP Photo/Francis C. Curtin) * Virginia State Capitol (Richmond, Va.) Pictured on Wednesday, May 2, 2007. (Photo by Chris Jackson/Getty Images) * Washington State Capitol (Olympia, Wash.) Pictured on Wednesday, Jan. 18, 2012. (AP Photo/Rachel La Corte) * West Virginia State Capitol (Charleston, W.V.) Pictured on July 2, 2010. (MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 451k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... [s-OFFSHORE-TAX-mini.jpg?6] Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public... [s-PAKISTAN-mini.jpg?6] Gunmen Take Over Hospital In Southwestern Pakistan QUETTA, Pakistan — Pakistani forces stormed a hospital that had been taken over by gunmen Saturday in a restive southwestern province, freeing hostages and ending... [s-TAX-HAVENS-CANADA-mini.jpg?6] Secret Tax-Haven Names Released To Public A glimpse at an enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Monday 30 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Seahawks beat Rams, 27-9, to secure home-field advantage 2. Husky football ready to take on Chris Petersen's persona after bowl win 3. Downtown Seattle is hot spot again for new restaurants 4. Russell Wilson 2.0: He's proving vital to Seahawks' future 5. 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend... put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Bank Fees * Traveling Pot * Broncos Season in Photos * The Fire Line * New Year's Eve Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * « * 1 * » [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS—It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day—raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known—even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts—a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home—a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon—coming from entirely opposite perspectives—agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ——— Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Blazing cannabis trail, US states eye tourism surge Successive suicide bombings in Russia kill over 30 Schumacher critical, outlook uncertain after fall Denver to warm up again this week, with light mountain snow Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. By using our site you agree to our terms of use. 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The Bottom Line * Celebrities * Culture * Oddities * Comedy * Good News * Comics * Games * Advice * Polls __________________________________________________________________ Blogs ‹› Privacy Policy | Terms of Use | MNG Corporate Site Map | Copyright [MNG_footerGraphic.jpg] IFRAME: //s.thebrighttag.com/iframe?c=sfWGaRL #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Georgia Davis + Bruce Jones + Johnny Briggs + Jeremy Hunt + Lord Howe Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Ross Barkley + Arsene Wenger + Brendan Rodgers Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Jennifer Aniston + Courteney Cox + Abbey Clancy + Miley Cyrus + Selena Gomez Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Peter Capaldi + David Tennant + Ant McPartlin Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Sarah Ferguson + Duchess of York + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Miley Cyrus + Anderson Silva + Jose Mourinho + Father Christmas * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Arsene Wenger + Jennifer Aniston + Courteney Cox Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Crime * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron ally Alan Lewis's business empire funded by tax haven millions * Oct 06, 2013 00:00 * By Dominic Herbert * Share * Share * Tweet * +1 * Email Posh overcoat firm Crombie trades on its patriotic British image but there is a tangled web of offshore connections in the Caribbean Rich: Mr Lewis is worth £220m Rich: Mr Lewis is worth £220m Alan Davidson/The Picture Library Ltd Tory vice chairman Alan Lewis’s business empire has been funded by millions of pounds from a controversial offshore tax arrangement. The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. What Happened With That Biological Mother? Dear Prudence Follows Up. * 2. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists These gay weddings could change everything Last updated at 12:01AM, December 30 2013 Soon gays and lesbians will have a choice in formalising their relationships. Shouldn’t straight couples have one too? 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. Since the launch of the iPhone in 2007, its cash pile has swollen from about $15bn to $137bn. The company parks most of its cash overseas, hidden from America’s Internal Revenue Service. Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Related Articles Related Articles * The worm has turned for Apple 27 January 2013 * Cameron tax blitz wins bosses’ vote 27 January 2013 * Revealed: Apple takes bigger bite out of tax bill 4 November 2012 * Apple downloads another $10bn 21 October 2012 * The Untaxables 30 September 2012 * Apple’s cash crisis (it’s got too much money) 5 August 2012 No script ads will arrive soon! 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David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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Also in this section €405m National Lottery sell-off delayed as deal talks drag on A year of drama over Nama and house prices beckons as Troika exits stage left Richard Curran: A wish list for Irish business in 2014 Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size More in Irish (1 of 20 articles) €405m National Lottery sell-off delayed as deal talks drag on Read More Also in this Section The Treasury Building where NAMA is based A year of drama over Nama and house prices beckons as Troika exits stage left OUR prediction last year totally nailed the biggest deal of 2013, by forecasting that 3 would swoop to buy Telefonica's O2 Ireland business. We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. A wish list for Irish business in 2014 Early rise for bargain hunters as shops aim to end year on a high 'My AIB Laser card cost me €200' Tablet demand gives much-needed boost to tech shops 16 big business moments of 2013 Our total debt falls by €20bn but it's still a huge €1.62tn Classifieds CarsIreland [Any Make_____________] [Any Model] [Any Year] (BUTTON) Search Yourlocal What? (e.g. cafe, ba Where? 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We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. Most Read 1. F1 great Michael Schumacher fighting for life after skiing accident 2. Irishman loses fight for life in Australia 3. Schumacher 'fighting for his life' as he remains in induced coma 4. End of an era as Yvonne looks to pastures new 5. Death threats to pharmacy in nut tragedy row Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery Guests at the Respect Christmas Lunch 2013 at The Shelbourne Hotel, Dublin, Ireland - 23.12.13. Pictures: Cathal Burke / VIPIRELAND.COM *** Local Caption *** Kathryn Thomas, boyfriend Padraig McLoughlin Respect Christmas Lunch Your photos Send us your weather photos promo Celebrity News LONDON, UNITED KINGDOM - DECEMBER 05: Sarah Harding attends the Cosmopolitan Ultimate Women of the Year Awards at Victoria & Albert Museum on December 5, 2013 in London, England. (Photo by Stuart C. Wilson/Getty Images) Girls Aloud's Sarah Harding throws Twitter tantrum at 'tiny minds' Singer Sarah Harding has hit back at her critics, while her Voice of Ireland co-star Bressie soaks up the sun in Lanzarote. Ryan Phillippe's model romance heating up Ryan Phillippe is reportedly getting “serious” with his girlfriend. Iron Man 3 - starring Don Cheadle, Rebecca Hall, Sir Ben Kingsley and Robert Downey Jr - is the biggest grossing film of 2013 Iron Man 3 makes most money of 2013 Iron Man 3 has been named the highest-grossing film of 2013. David Tennant has no idea what the future holds for his Broadchurch character Tennant has no clue for Broadchurch David Tennant has admitted he is worried that his Broadchurch character may be killed off during the second series of the programme. Lynda Carter played Wonder Woman in the 1970s series Carter: Wonder Woman was thrilling Lynda Carter has revealed she never tried to play Wonder Woman as a sex symbol. Britt Ekland has revealed her joy at becoming a grandmother at the age of 71 My plastic surgery regret, by Britt Former Bond Girl Britt Ekland has revealed her regret over having plastic surgery and her joy at becoming a grandmother at the age of 71. Nick Grimshaw topped GQ's best-dressed list Grimshaw tops GQ best-dressed list Nick Grimshaw has topped a list of best-dressed men - which also included Harry Styles, David Beckham and the Duke of Edinburgh. Carly Rae Jepsen will play Cinderella on Broadway Carly Rae Jepsen heads to Broadway Carly Rae Jepsen has had her calls returned by Broadway. Keira Knightley decided she wasn't cut out for Twitter Knightley's 12-hour Twitter account Keira Knightley has said she could only stand 12 hours on Twitter before she had to deactivate her account. Peter Jackson's Hobbit sequel is still doing well at the box office Hobbit still No 1 at box office The Hobbit: The Desolation Of Smaug has continued to top the US box office, landing at number one for the third weekend in a row. By using this website you consent to our use of cookies. For more information on cookies see our Cookie Policy [cookie_bar_close.png] This site uses cookies. 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See our Privacy & Cookie Policy * News + Irish News + World News + Opinion + Local Papers + Weather * Business + Irish + World + Technology + Farming + Personal Finance * Sport + Soccer + Gaelic Football + Hurling + Rugby + Golf + Horse Racing + Other Sports * Entertainment + TV & Radio + Movies + Music + Going Out + Competitions + Horoscopes + Lotto * Woman * Lifestyle * Photos * Videos * Jobs * Property * Directory * Cars Social * Follow us on Facebook * Follow us on Twitter * Add us on google+ * Download our iPhone app * Download our Android app * Subscribe to our newsletters * Sitemap * Contact Us * Terms & Conditions * Privacy Statement * Advertise with Us * Group Websites Search ____________________ (BUTTON) Go Irish Independent © Independent.ie Logo Inm A * News * Sport * Business * Woman * Entertainment * Lifestyle * Videos * Photos * Google+ * Facebook * Twitter one pixel graphics Powered by the Parse.ly Publisher Platform (P3). #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Georgia Davis + Bruce Jones + Johnny Briggs + Jeremy Hunt + Lord Howe Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Ross Barkley + Brendan Rodgers + Arsene Wenger Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Jennifer Aniston + Courteney Cox + Abbey Clancy + Miley Cyrus + Selena Gomez Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Peter Capaldi + David Tennant + Ant McPartlin Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Sarah Ferguson + Duchess of York + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Miley Cyrus + Anderson Silva + Jose Mourinho + Father Christmas * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Arsene Wenger + Jennifer Aniston + Brendan Rodgers Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Politics * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron's election guru Lynton Crosby uses mysterious offshore tax haven * Oct 03, 2013 00:00 * By Nick Sommerlad * 0 Comments * Share * Share * Tweet * +1 * Email Our investigation will cause acute embarrassment to the Prime Minister, who has described legal ploys to avoid tax as “morally wrong” Tory guru: Lynton Crosby Tory guru: Lynton Crosby Julian Hamilton David Cameron’s election guru owns and runs a mysterious offshore company in Malta, the Mirror can reveal. The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People David Cameron Lynton Crosby See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Revolution on wheels Lancashire’s big City Drive drive to fuel £1bn growth Times Scotland Blue sky thinking Angus MacSween and the rapid advance of iomart More from Politics Tories plan fightback against European Court Last updated at 11:46AM, December 30 2013 A plan to ensure that Britain’s highest court cannot be overruled by Europe is being drawn up by the Tories ahead of the election, ministers say Miliband hints at free childcare promise Last updated at 4:39AM, December 30 2013 The Labour leader hinted that free childcare will be one of the next targets in his drive to tackle the cost of living Jobless figures point to interest rate rise Published at 12:01AM, December 30 2013 The figures will put pressure on Mark Carney over his policy of ‘forward guidance’, which is designed to reassure businesses and homeowners ‘Health tourists’ to face A&E charges Published at 12:01AM, December 30 2013 All patients will still be treated according to need, but health chiefs will be more aggressive in chasing up payments from visitors Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 0 shares * Benefits cheats And the most outrageous benefits cheats of 2013 are . . . the drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * Lily Allen Lily Allen attacks 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly 100 fewer calories per meal * Grim start: Commuters, pictured on London bridge, returned to work in their droves today but bad weather and engineering works have scuppered their journeys today Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms - as forecasters warn bad weather could last for a MONTH * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rex * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Michael Adebowale Revealed, the U.S. hate preacher who inspired murderer of Lee Rigby: Killer tells how he became a Muslim after watching Islamic hardliner's sermons * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped out by smartphones * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * Keira Knightley house Keira's £4million home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar and gym * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many Chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Spider.jpg Mystery in the Amazon solved: Miniature towers surrounded by 'picket fences' on trees are found to be the work of spiders * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for... [btn_add-your-comment.png] [icon_comments_74.png] Comments (19) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [1351098709505441_p.jpg?cb=20131230] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131230] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131230] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131230] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131230] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131230] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131230] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131230] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131230] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131230] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too... 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Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * * You won't be needing that for a while! Amy Childs posed for a bikini selfie on Sunday, as she prepares to get back to work training for new Channel 4 show The Jump You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Fergie's amazing transformation: 'Duchess of Pork' sheds the pounds on three month mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur-trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! 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Cheetahs killed deer after it jumped zoo wall and ended up in their enclosure * Rabbi Mordechai Rosenberg is a rabbi, and a mohel who claimed to be 'trained,' yet managed to accidentally dismember a baby's penis Rabbi sued for accidentally SEVERING newborn baby boy's penis during a circumcision * Nicole Reyes and her husband Jorge pictured on their wedding day British mother held in Caribbean jail for 18 months accused of murdering her husband in car crash is forced... * The Wolf of Wall Street: Jordan Belfort, 51, is reportedly shopping around a reality TV show in which he helps people, like him, who have hit rock bottom but can be saved 'He is TV gold': Real-life 'Wolf of Wall Street' Jordan Belfort planning reality show in which he helps... * The Prime Minister was seen queuing with his family at a Cornish pasty van at the Winter Wonderland, in Hyde Park, London Cameron shows he really DOES love Cornish pasties: PM treats himself to a snack at Winter Wonderland * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being... * Stylish simplicity: The Pop has been named Esquire's Best Dressed Man for 2013 A divine sense of style: Pope Francis is named Esquire's Best Dressed Man of 2013 * 'It was as if she (psychic) knew me, without me even having to open my mouth,' said Catherine Chandler Why high flying women are ditching therapists – for psychics * A Netmums survey has revealed that parents underestimate the impact divorce has on their children How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're... * Self-described 'dissident feminist' Paglia, 66, believes that attempts to deny the biological distinctions between men and women is to blame for the much that is wrong with modern society 'There's no room for anything manly now': Feminist writer Camille Paglia speaks out AGAINST the loss of... * MORE HEADLINES * 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal by the Daily Mail * Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar * 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served chicken by mistake * The horrific moment legendary UFC fighter breaks his leg after opponent blocks a kick with his knee * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * He's right behind you! 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Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * MediaGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. 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Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * opendesk good OpenDesk: a revolution in furniture design Oliver Wainwright: OpenDesk is an open design project from up and coming designer Nick Ierodiaconou * Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of 2013 The Guardian Film Show: The top 3 films of 2013 Xan Brooks, Peter Bradshaw and Catherine Shoard name their top 3 films of the year * hiddenhomelesscp Centrepoint: help for the 'hidden homeless' Without a home of her own, but not sleeping rough, how Tash came to rebuild her life * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern festive feast Jack Monroe takes inspiration from Syria and Lebanon, using spices that enliven simple, low-cost ingredients GuardianWitness * Christmas Party at AgeUK Tunbridge Wells Care at Christmas If you're a care professional, show us what you're doing to make Christmas and New Year special for the people you support * kitten sitting under christmas tree Christmas pets We'd love to see pictures and videos of your pets getting into the Christmas spirit * A soldier resting against his horse in WW1 WW1: share your stories Were your relatives involved in WW1? 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All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (0) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=4.5533925 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=4.5533925E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments51 3 Hot desking. How hot-desking offices can wreck productivity Contains: 4 Victoria and New South Wales hope to regain ground as the dollar falls. Aussie dollar headed for US80¢ with RBA to cut rates ... Contains: 5 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=1;sz=149x170;tile=8;ord=4.5533925E 7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=2;sz=149x170;tile=9;ord=4.5533925E 7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Why cocktails are cool again STEVE COLQUHOUN Two shots of popular culture with a dash of taste drives the return of the marvellous mixer. Contains: This article contains a video. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=2;sz=300x250;tile=10;ord=4.5533925 E7? 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New Zealandâs cows come home in its own commodities boom Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. New Zealandâs cows come home in its own commodities boom 3. How hot-desking offices can wreck productivity 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. 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Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (0) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=6.9838915E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=6.9838915E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 G.H. Mumm wine at Costco. Pics supplied. Costco gets another $110 million from US parent for ... Contains: 2 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments51 3 Hot desking. How hot-desking offices can wreck productivity Contains: 4 Victoria and New South Wales hope to regain ground as the dollar falls. Aussie dollar headed for US80¢ with RBA to cut rates ... Contains: 5 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=1;sz=149x170;tile=8;ord=6.9838915E7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=149x170;tile=9;ord=6.9838915E7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Why cocktails are cool again STEVE COLQUHOUN Two shots of popular culture with a dash of taste drives the return of the marvellous mixer. Contains: This article contains a video. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=300x250;tile=10;ord=6.9838915E7? Business BD-momentum172x115 Speeding up the claims process * Smh.com.au * Flash car tax facts * Super cheap start-ups * Ask our small biz experts Jobs Search for 1000's of jobs Search for 1000s of jobs around Australia * Mycareer.com.au * Search for a new job * Set up an email job alert * What are you worth? Real Estate Searching for property has never been easier Find your perfect property match now * Smh.com.au * Buy real estate * How much is my house worth? * Euro investors eye market Holiday Rentals Life's too short Life's too short! * Stayz.com.au * Escape to Brisbane * Escape to Broome * Escape to Melbourne Find A Babysitter christmas-172-x-115 You can go to that christmas party. Find a sitter now. * Findababysitter.com.au * Sydney Child Care * Canberra Child Care * Port Macquarie Child Care Compare and Save Skip to: * Best Deals * Mobile * Broadband * Home Loans * Credit Cards * Low Rate Cards * Rewards Cards * Savings Accts * Term Deposits * Loans Check out today's best deals Virgin No Annual Fee [cs-virgin-no-annual-fee.png] $50 gift card offer until 14 Jan 2014. Conditions apply Find Out More Top Home Loans [cs-hl-trim.png] Trim $1000s off your mortgage. Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 4. New Zealandâs cows come home in its own commodities boom 5. China tries to deal with its mountain of debt Most viewed articles on WA Today Top 5 Business articles 1. How hot-desking offices can wreck productivity 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Costco gets another $110 million from US parent for Australian expansion 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on The Age Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. New Zealandâs cows come home in its own commodities boom Most viewed articles on Canberra Times Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. How hot-desking offices can wreck productivity 3. New Zealandâs cows come home in its own commodities boom 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Costco gets another $110 million from US parent for Australian expansion 2. New Zealandâs cows come home in its own commodities boom 3. How hot-desking offices can wreck productivity 4. Aussie dollar headed for US80¢ with RBA to cut rates again, says BlackRock 5. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? 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All rights reserved. * Accessibility * Privacy policy * Cookies info * Terms of use Quantcast #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 468 shares * Benefits cheats And the most outrageous benefits cheats of 2013 are . . . the drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? 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They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * Keira Knightley house Keira's £4million home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar and gym * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many Chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Spider.jpg Mystery in the Amazon solved: Miniature towers surrounded by 'picket fences' on trees are found to be the work of spiders * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131230] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131230] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131230] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131230] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131230] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131230] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131230] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131230] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131230] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131230] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too... 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get... Migrants who go to A&E will be billed between £20 and £100 for a consultation, on top of the cost of their treatment - with staff presenting... * Comments (1433) Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying Lily Allen described her former friends as 'bunch of sterile ****ing Botoxed idiots', likening her exclusion from their clique to being... * Comments (186) * Videos Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * You won't be needing that for a while! Amy Childs posed for a bikini selfie on Sunday, as she prepares to get back to work training for new Channel 4 show The Jump You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Sarah Ferguson Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur-trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Have they lost that loving feeling? Jennifer Aniston and Justin Theroux seem distant and preoccupied on blissful holiday Planning a wedding * Heidi Klum She looks mint! Heidi Klum, 40, shows off her toned frame in striking green leggings as she steps out with Martin Kristen Out with their dog * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! Pregnant Tamara Ecclestone and her identikit mother wear matching sunglasses In Beverly Hills * She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco She's found love again: Patrick Swayze's widow Lisa Niemi, 57, is engaged to jeweler Albert DePrisco Comes four years after actor's death * Una Foden The Saturdays Una Foden will compete with broken toe in new series of Splash! Redhead singer will carry on despite painful injury * Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her face Her face finally fits! Kim Kardashian gushes over her 'fashion icon' Carine Roitfeld wearing a T-shirt featuring her Approval from former Vogue Paris editor * Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Ready to rock! Selena Gomez blends naughty and nice in a crocheted and leather ensemble at Britney Spears' Vegas show Selena turned heads * Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Gwyneth Paltrow rocks unflattering 'mom' jeans while shopping in Brentwood Oscar-winner, 41, wore draw-string waist, wide-legged jeans * hilary Taking the Mickey! Hilary Duff and family don mouse ears as they enjoy son Luca's first visit to Disneyland Cute snap of the young family * Catherine Tyldesley Definitely not feeling blue! Catherine Tyldesley wraps up warm in a stylish winter coat as she steps out for coffee with a mystery man Caffeine... and love fix? * 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out in Aspen 'Me and Miss Monroe!' Mariah Carey teaches her little snow bunny how to ski before getting glam for night out Twins are two but learning to ski in Aspen * The Forces' Sweetheart: Welsh opera singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list The Forces' Sweetheart: Welsh classical singer Katherine Jenkins to be honoured with OBE in the Queen's New Year Honours list * Melanie Meeting the family! Dakota Johnson takes boyfriend Jordan Masterson on Aspen trip with mom Melanie Griffith and the clan Very cosy! * Party time: Danielle O'Hara celebrates 30th with another celebration She's a firecracker! Flame-haired Danielle O'Hara celebrates her 30th birthday with yet ANOTHER celebration Really milking her birthday two weeks later * Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying in Atlanta Beyonce embraces street style with red leather leggings and matching thigh high boots as she joins husband Jay Z for a night out of partying * Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Feeling Fanning-tasic! Dakota treats herself to pamper session at posh nail salon as she gears up for New Years Eve Gearing up for a big night out * Today's headlines * Most Read * Fraud banner This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog... * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served... * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbs - but are they really that bad? * 'Injured': The seven-time world champion (pictured skiing in Italy) is said to have fallen in Meribel ski resort in the French Alps 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael... * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of... * At the bedside? Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health... * Disillusioned : Lily Allen said her friends abandoned her after she became pregnant and stopped going to parties Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Getting worse: Another month of storms is due to batter the UK while places such as Twekesbury, in Gloucestershire, have only started cleaning up Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters... * Stuff of nightmares: The piranha has preyed on our imaginations for decades Piranha Attack! As 70 Christmas Day bathers are savaged, the truth about the fish with a bite more powerful... * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Michael Adebowale The U.S. hate preacher who inspired murderer of Lee Rigby: Killer reveals how he became a Muslim after... * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped... * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for... * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London... * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went... * Spider.jpg Mystery in the Amazon solved: Miniature towers surrounded by 'picket fences' on trees are found to be the... * food banks Police going easy on mothers who steal food 'simply to live' * Dangerous paedophile: Mark Sleman, of Exeter, Devon, was jailed for nine years in 1994 for the kidnap and attempted rape of a ten-year-old girl Paedophile released from jail early goes on the run for a SECOND time as victim's family blasts 'not fit for... * Rachel Osei, teenage mother who has died in a fireball after running from her home in flames Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying... * Criminal activity: Police receive 250 calls a week about scams on Gumtree, it has been revealed (file picture) Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * Sarah Massey 'My bottom is 7ft wide and I'm proud of it!' Woman with backside so large she once broke a toilet and can't... * At last: Engineers have restored power to the last of the tens of thousands of homes without electricity following the Christmas storms Power finally restored to all homes FIVE DAYS after storm after network boss admits not enough engineers... * Blasted: Arriva Transport Solution's ambulance service has been attacked for leaving thousands waiting hours Row over ambulance privatisation after bus firm gets more than 400 complaints in just six months and... * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes,... * Prince Philip Prince Philip in list of best-dressed men 'for his services to classic British tailoring'... while first... * At least 10 people have been killed and 22 injured in an explosion on a packed trolleybus in Russia's Volgograd city Second suicide bomb in 24 hours causes carnage in Volgograd as bus explosion kills 14 people six weeks ahead... * A suicide bomber has killed 13 people and injured 50 at a train station in Volgograd, Russia Pictured: The new 'Black Widow' suicide bomber who targeted Russian train station killing at least 16 * You don't need to love Amazon's power-crazed founder Jeff Bezos to gasp at his genius and Nobody personifies the shallowness of modern Britain better than the preposterous Russell Brand The megalomaniac and the narcissist: Two men whose influence you couldn't escape in 2013 * Decline: When adjusted for inflation, average earnings have fallen from just over £500-a-week when David Cameron became Prime Minister in May 2010, to just over £480-a-week in May 2013. We've had years of painful wage squeezes - now it's time to pay staff more as the economy recovers, CBI... * A tough spell: Only one region in the UK has seen average wages increase since 2008 So this is why we're struggling to pay the bills: Real wages slump BY HALF in some regions since recession -... * Khan secret courts preview Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal... * QI facts Men are more likely to drop dead during sex if they're cheating... And other delightfully dotty facts from... * Long-distance hearing: The 'cocktail party effect' shows that, even above the hubbub of a crowded room, people who have been together long enough do not struggle to pick out their partner's voice Could you hear your partner across a crowded room? Why married couples find it easier to hear (and ignore)... * Two cheetahs killed a white-tailed deer that jumped a wall at the National Zoo in Washington, DC on Friday. Cheetahs killed deer after it jumped zoo wall and ended up in their enclosure * Rabbi Mordechai Rosenberg is a rabbi, and a mohel who claimed to be 'trained,' yet managed to accidentally dismember a baby's penis Rabbi sued for accidentally SEVERING newborn baby boy's penis during a circumcision * Nicole Reyes and her husband Jorge pictured on their wedding day British mother held in Caribbean jail for 18 months accused of murdering her husband in car crash is forced... * The Wolf of Wall Street: Jordan Belfort, 51, is reportedly shopping around a reality TV show in which he helps people, like him, who have hit rock bottom but can be saved 'He is TV gold': Real-life 'Wolf of Wall Street' Jordan Belfort planning reality show in which he helps... * The Prime Minister was seen queuing with his family at a Cornish pasty van at the Winter Wonderland, in Hyde Park, London Cameron shows he really DOES love Cornish pasties: PM treats himself to a snack at Winter Wonderland * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being... * Stylish simplicity: The Pop has been named Esquire's Best Dressed Man for 2013 A divine sense of style: Pope Francis is named Esquire's Best Dressed Man of 2013 * 'It was as if she (psychic) knew me, without me even having to open my mouth,' said Catherine Chandler Why high flying women are ditching therapists – for psychics * A Netmums survey has revealed that parents underestimate the impact divorce has on their children How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're... * Self-described 'dissident feminist' Paglia, 66, believes that attempts to deny the biological distinctions between men and women is to blame for the much that is wrong with modern society 'There's no room for anything manly now': Feminist writer Camille Paglia speaks out AGAINST the loss of... * MORE HEADLINES * 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Reporting of Muslim lawyers' trial banned 'for cultural reasons': Judge's gagging order lifted after appeal by the Daily Mail * Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar * 'I feel like it is not my body anymore': Vegetarian's outrage after going to Nando's and being served chicken by mistake * The horrific moment legendary UFC fighter breaks his leg after opponent blocks a kick with his knee * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Migrants WILL be charged by A&E: Foreigners to be billed for emergency treatment in clampdown on health tourism (but they will still get free access to GPs) * He's right behind you! Terrifying great white shark photo-bombs 12-year-olds out surfing * Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * Commuters trudging back to work after Christmas break hit by fresh travel chaos due to storms as forecasters warn bad weather could last for a MONTH * The 22st schoolgirl aged just TEN: Shocking case of year six pupil's morbid obesity as it's revealed 50 primary school pupils weigh more than adults in a single city * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Police receive 250 calls a week about scams on Gumtree: Criminals use site to target consumers * Sales chaos as M&S closes fitting rooms: Customers attack decision calling it 'suicide' and saying it will drive them away * The bicycle highway: Plans unveiled for £220m 'Skycycle' that lets riders commute far above the railways of London * Battle to save Bobi: Animal lovers rallied to rescue this disabled dog from the gutters of Bulgaria... but now the RSPCA wants him put down * How divorcing parents delude themselves about the effect on children: Only a fifth of youngsters say they're happy after split * GMA host Robin Roberts reveals she's gay in thank you letter to fans and 'long time girlfriend' for supporting her through cancer * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + OVER 1 MILLION8.6k + Cruz Taking Steps To Renounce Canadian Citizenship1.3k + Here Are All The Times Congress Screwed Americans This Year In The Name Of Austerity3.8k + Ted Cruz: No Mistakes Here1.7k + Toby Keith's New Restaurant Displays 'No Guns Permitted' Sign, Angers Gun Fans3.9k + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + Workers Will Probably Still Be Getting Stiffed In 2014860 + New York's Minimum Wage Rising To $8 An Hour107 + Why Billionaires Are Flocking To South Dakota464 + Monumental Step For Weed Businesses179 + Target Makes Disturbing Admission536 + Go to Biz More in Biz + Small Biz + Money You might also like + World + Tech + Media + Arts + Sports + Weird News + Smarter Ideas + Urban Progress * Entertainment + 'Don't Trust The B' Star Turns Heads In Music Video + Britney Spears Rocks Her Vegas Debut90 + New Bruce Springsteen Album Leaked On Amazon19 + Justin Bieber Isn't Actually Retiring45 + Everything That Needs To Be Retired From Pop Culture In 201475 + Go to Entertainment More in Entertainment + Celebrity + TV You might also like + Comedy + Arts + Books + Food + Style + Weird News + Moviefone * Media + Anderson Cooper Makes 'Nervous' Confession About Kathy Griffin14 + Glenn Greenwald Condemns Media772 + NY Times Benghazi Blockbuster Highlights Video's Role In Attack281 + New York City Losing Its Only Progressive Talk Radio Station1k + Tribune Co. 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The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. (AP Photo/John Raoux) * Georgia State Capitol (Atlanta) Pictured on Tuesday, November 13, 2007. (Photo by Jessica McGowan/Getty Images) * Hawaii State Capitol (Honolulu) * Idaho State Capitol (Boise, Idaho) Pictured on Monday, Jan. 14, 2008. (Ned Dishman/NBAE via Getty Images) * Illinois State Capitol (Springfield, Ill.) Pictured on Tuesday, Sept. 21, 2004. (AP Photo/Seth Perlman) * Indiana State Capitol (Indianapolis) Pictured on Saturday, Feb. 4, 2012. (Photo by Jeff Gross/Getty Images) * Iowa State Capitol (Des Moines, Iowa) Pictured on Wednesday, Aug. 10, 2011. (Photo by Chip Somodevilla/Getty Images) * Kansas State Capitol (Topeka, Kan.) Pictured on Thursday, April 15, 2010. (AP Photo/Orlin Wagner) * Kentucky State Capitol (Frankfort, Ky.) Pictured on Wednesday, April 12, 2006. (AP Photo/James Crisp) * Louisiana State Capitol (Baton Rouge, La.) Pictured on Monday, Jan. 14, 2008. (Matthew HINTON/AFP/Getty Images) * Maine State Capitol (Augusta, Me.) Pictured on Monday, Oct. 17, 2011. (AP Photo/Pat Wellenbach) * Maryland State House (Annapolis, Md.) (Photo by Patrick Smith/Getty Images) * Massachusetts State House (Boston) Pictured on Tuesday, Jan. 2, 2007. (Photo by Darren McCollester/Getty Images) * Michigan State Capitol (Lansing, Mich.) Pictured on Wednesday, April 13, 2011. (Photo by Bill Pugliano/Getty Images) * Minnesota State Capitol (St. Paul, Minn.) Pictured on Friday, July 1, 2011. (Photo by Hannah Foslien/Getty Images) * Mississippi State Capitol (Jackson, Miss.) Pictured on Thursday, June 10, 1999. (AP Photo/Rogelio Solis) * Missouri State Capitol (Jefferson City, Mo.) Pictured on Friday, Oct. 16, 2000. (Photo credit should read ORLIN WAGNER/AFP/Getty Images) * Montana State Capitol (Helena, Mont.) * Nebraska State Capitol (Lincoln, Neb.) Pictured on Wednesday, Nov. 25, 1998. (AP Photo/S.E. McKee) * Nevada State Capitol (Carson City, Nev.) * New Hampshire State House (Concord, N.H.) Pictured on Friday, Dec. 28, 2001. (Todd Warshaw//Pool/Getty Images * New Jersey State House (Trenton, N.J.) Pictured on Friday, Aug. 13, 2004. (Photo by Chris Hondros/Getty Images) * New Mexico State Capitol (Santa Fe, N.M.) * New York State Capitol (Albany, N.Y.) Pictured on Sunday, March 16, 2008. (Photo by Daniel Barry/Getty Images) * North Carolina State Capitol (Raleigh, N.C.) Pictured in 1930. (AP Photo) * North Dakota State Capitol (Bismarck, N.D.) Pictured on Thursday, April 19, 2012. (AP Photo/Dale Wetzel) * Ohio Statehouse (Columbus, Ohio) Pictured on Tuesday, March 8, 2011. (Photo by Mike Munden/Getty Images) * Oklahoma State Capitol (Oklahoma City) Pictured on Wednesday, Feb. 29, 2012. (AP Photo/Sue Ogrocki) * Oregon State Capitol (Salem, Ore.) Pictured on Friday, May 20, 2011. (AP Photo/Rick Bowmer, file) * Pennsylvania State Capitol (Harrisburg, Pa.) Pictured on Thursday, June 28, 2012. (BRIGITTE DUSSEAU/AFP/GettyImages) * Rhode Island State House (Providence, R.I.) Pictured on Wednesday, Aug. 1, 1945. (AP Photo) * South Carolina State House (Columbia, S.C.) Pictured on Monday, Jan. 21, 2008. (Photo by Chris Hondros/Getty Images) * South Dakota State Capitol (Pierre, S.D.) Pictured on Tuesday, Jan. 10, 2012. (AP Photo/Doug Dreyer) * Tennessee State Capitol (Nashville, Tenn.) Pictured on Tuesday, Sept. 30, 1941. (AP Photo) * Texas State Capitol (Austin, Texas) Pictured on Tuesday, Oct. 4, 2011. (MIRA OBERMAN/AFP/Getty Images) * Utah State Capitol (Salt Lake City) Pictured on Thursday, March 15, 2001. (GEORGE FREY/AFP/Getty Images) * Vermont State House (Montpelier, Vt.) Pictured on April 9, 1953. (AP Photo/Francis C. Curtin) * Virginia State Capitol (Richmond, Va.) Pictured on Wednesday, May 2, 2007. (Photo by Chris Jackson/Getty Images) * Washington State Capitol (Olympia, Wash.) Pictured on Wednesday, Jan. 18, 2012. (AP Photo/Rachel La Corte) * West Virginia State Capitol (Charleston, W.V.) Pictured on July 2, 2010. (MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 451k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... [s-OFFSHORE-TAX-mini.jpg?6] Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public... [s-PAKISTAN-mini.jpg?6] Gunmen Take Over Hospital In Southwestern Pakistan QUETTA, Pakistan — Pakistani forces stormed a hospital that had been taken over by gunmen Saturday in a restive southwestern province, freeing hostages and ending... [s-TAX-HAVENS-CANADA-mini.jpg?6] Secret Tax-Haven Names Released To Public A glimpse at an enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Monday 30 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Seahawks beat Rams, 27-9, to secure home-field advantage 2. Husky football ready to take on Chris Petersen's persona after bowl win 3. Downtown Seattle is hot spot again for new restaurants 4. Russell Wilson 2.0: He's proving vital to Seahawks' future 5. 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend... put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Traveling Pot * Avs Lose * Broncos Season in Photos * The Fire Line * New Year's Eve Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * « * 1 * » [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS—It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day—raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known—even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts—a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home—a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon—coming from entirely opposite perspectives—agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ——— Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Rudy Martinez, barber to three governors, calls it a carrer Germany magazine reports on NSA elite hacking unit Computerizing people may be next step in tech Blazing cannabis trail, US states eye tourism surge Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. By using our site you agree to our terms of use. 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The Bottom Line * Celebrities * Culture * Oddities * Comedy * Good News * Comics * Games * Advice * Polls __________________________________________________________________ Blogs ‹› Privacy Policy | Terms of Use | MNG Corporate Site Map | Copyright [MNG_footerGraphic.jpg] IFRAME: //s.thebrighttag.com/iframe?c=sfWGaRL #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Georgia Davis + Bruce Jones + Johnny Briggs + Kate Middleton, Duchess of Cambridge + Jeremy Hunt Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Ross Barkley + Arsene Wenger + Brendan Rodgers Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Jennifer Aniston + Courteney Cox + Abbey Clancy + Miley Cyrus + Selena Gomez Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Peter Capaldi + David Tennant + Ant McPartlin Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Sarah Ferguson + Duchess of York + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Miley Cyrus + Anderson Silva + Jose Mourinho + Father Christmas * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Arsene Wenger + Jennifer Aniston + Olivier Panis Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Crime * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron ally Alan Lewis's business empire funded by tax haven millions * Oct 06, 2013 00:00 * By Dominic Herbert * Share * Share * Tweet * +1 * Email Posh overcoat firm Crombie trades on its patriotic British image but there is a tangled web of offshore connections in the Caribbean Rich: Mr Lewis is worth £220m Rich: Mr Lewis is worth £220m Alan Davidson/The Picture Library Ltd Tory vice chairman Alan Lewis’s business empire has been funded by millions of pounds from a controversial offshore tax arrangement. The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. What Happened With That Biological Mother? Dear Prudence Follows Up. * 2. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists These gay weddings could change everything Last updated at 12:01AM, December 30 2013 Soon gays and lesbians will have a choice in formalising their relationships. Shouldn’t straight couples have one too? 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. 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David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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View all RSS feeds * 1. 2. 3. uk-london24 New Year: Londoners most likely to still be over the limit at 10pm on January 1 Teen who burnt to death in Raynes Park was St Mary’s University College student Rachel Osei Gatwick Express from London Victoria closed until at least January 2 More News at London24.com Search The Huffington Post_____ Search * Advertise | * * Make HuffPost your Home Page | * RSS | * Careers | * FAQ * User Agreement | * Privacy | * Cookie Policy | * Comment Policy | * About Us | * About Our Ads | * Contact Us * "The Huffington Post UK" is provided by AOL (UK) Limited. © 2013 AOL (UK) Limited its affiliates and licensors * Part of HuffPost Politics Quantcast HuffPost Lightbox IFRAME: //www.googletagmanager.com/ns.html?id=GTM-KJF4 * Jobs + Findajob.ie + Search Jobs + Advertise a Job + Upload CV + Career Advice + Education & Training * Cars + CarsIreland.ie + Used Car Search + Car Dealers * Homes + Globrix.ie + Buy Property + Rent Property + Advertise Properties * Deals + Grabone.ie + Dublin + Cork + Galway + Limerick + Kerry + South East + GrabOne Escapes + GrabOne Store * Dating + TheMeetingPoint.ie + Mature + Gay * Death Notices + Announcement.ie + Deaths + In Memoriam + Book a Notice * Book an Ad + Book a Print Ad + Book an Online Ad * Google+ * Facebook * Twitter independent Monday 30 December 2013 Icon Hi °C | Lo °C Change * Athlone * Bray * Cork * Drogheda * Dundalk * Galway * Kilkenny * Limerick * Navan * Waterford * News + Irish News o Courts o Irish abroad + World News o Europe o Americas o Middle East o Africa o Asia-Pacific + Opinion o Letters o Columnists o Editorial o Analysis o Comment + Local Papers + Weather o Upload your Weather photos Lucinda warned about perils of starting new party Haass negotiations: Last ditch peace ongoing in NI Islam to become Ireland's second religion by 2043 Ian Paisley 'in good spirits' as he is admitted to hospital for tests Quick-thinking teens help save schoolboy's life after river plunge Freedom Trail will put 1916 Rising sites on tourist map Rio de Janeiro New fear of violence looms over World Cup * Sport + Soccer o Premier League o Champions League o League of Ireland + Gaelic Football + Hurling + Rugby o Autumn Internationals o Rabodirect PRO 12 o Heineken Cup + Golf + Horse Racing + Greyhounds + Other Sports o Cycling Helmet saves Michael Schumacher’s life as F1 star remains in critical condition The possible comings and goings for the January transfer window - Part 1 Should he stay?...or should he go? Irish footballer Seamus Coleman to tie the knot with long term girlfriend Penney fears Irish 'shut-out' for Zebo in plea forcaution over winger's comeback Ruby delivers Hurricane masterclass Neither Kilkenny nor Tipperary would have expected to be involved in a second round qualifier in early July and the challenge facing both is to improve next year Ray McManus/SPORTSFILE Hurling's old order face new challenge * Business + The Budget + Irish + World + Technology o Gaming + Farming + Small Business + Media + Personal Finance o Latest News o Property & Mortgages o Pensions + Commercial Property €405m National Lottery sell-off delayed as deal talks drag on Taoiseach puts pressure on Brian Cowen and Bertie Ahern to appear at banking inquiry UK government could sell off Lloyds bank stake in 2014 European shares edge to fresh five-year highs in thin trade Boost for Irish exporters selling to UK as ‘safe haven’ sterling set to rise Dublin Airport's 20-millionth passenger lands prize Google HQ, Dublin 2 The year in technology: Hacking, spying, taxes & takeovers * Woman + Celeb News + Photos + Videos + Fashion + Beauty + Diet & Fitness + Love & Sex + Horoscopes + Competitions New Year's resolutions you should be making New Year, New You' that's how the old adage usually goes, and with it comes a list of resolutions Daring to bare Supermodel Candice Swanepoel poses nude for Vogue Brazil The world's poshest friendship The Duchess of Cambridge has reportedly been bonding with Victoria Beckham over decorating LAS VEGAS, NV - DECEMBER 27: Singer Katy Perry attends the opening of Celebrity sightings * Entertainment + Movies + Music + TV & Radio + Going Out + Festivals o Upload your festival photos + Books & Arts + Competitions + Horoscopes + Lotto + Crosswords & Puzzles Bruno Mars and Rihanna most pirated artists in 2013 [TICON-A VIDEO] Beyonce recorded 80 songs for surprise album Colin Farrell cried at his own film Donal Skehan chuffed after Nigella says he's her kitchen hero Swansong for Mary Black as singer plans final foreign tour No arise Sir Becks: David Beckham and Andy Murray set to miss out on knighthoods Trinity College Dublin displaying 3D projections to celebrate the beginning of the NYE Dublin festival celebrations. 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Also in this section €405m National Lottery sell-off delayed as deal talks drag on A year of drama over Nama and house prices beckons as Troika exits stage left Richard Curran: A wish list for Irish business in 2014 Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size More in Irish (1 of 20 articles) €405m National Lottery sell-off delayed as deal talks drag on Read More Also in this Section The Treasury Building where NAMA is based A year of drama over Nama and house prices beckons as Troika exits stage left OUR prediction last year totally nailed the biggest deal of 2013, by forecasting that 3 would swoop to buy Telefonica's O2 Ireland business. We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. A wish list for Irish business in 2014 Early rise for bargain hunters as shops aim to end year on a high 'My AIB Laser card cost me €200' Tablet demand gives much-needed boost to tech shops 16 big business moments of 2013 Our total debt falls by €20bn but it's still a huge €1.62tn Classifieds CarsIreland [Any Make_____________] [Any Model] [Any Year] (BUTTON) Search Yourlocal What? (e.g. cafe, ba Where? 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We were also on the money when it came to property prices reversing a five-year trend, as well as calling it right on the prom note deal and Kentz pulling off a mega buyout. It's Boomtown for Bob with €6m dividends BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'. The commercial property sector's €2bn bounce-back IF you are working in the commercial property sector, the chances are you have had a pretty quiet few years. Most Read 1. F1 great Michael Schumacher fighting for life after skiing accident 2. Irishman loses fight for life in Australia 3. Schumacher 'fighting for his life' as he remains in induced coma 4. Death threats to pharmacy in nut tragedy row 5. End of an era as Yvonne looks to pastures new Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery Guests at the Respect Christmas Lunch 2013 at The Shelbourne Hotel, Dublin, Ireland - 23.12.13. Pictures: Cathal Burke / VIPIRELAND.COM *** Local Caption *** Kathryn Thomas, boyfriend Padraig McLoughlin Respect Christmas Lunch Your photos Send us your weather photos promo Celebrity News LONDON, UNITED KINGDOM - DECEMBER 05: Sarah Harding attends the Cosmopolitan Ultimate Women of the Year Awards at Victoria & Albert Museum on December 5, 2013 in London, England. (Photo by Stuart C. Wilson/Getty Images) Girls Aloud's Sarah Harding throws Twitter tantrum at 'tiny minds' Singer Sarah Harding has hit back at her critics, while her Voice of Ireland co-star Bressie soaks up the sun in Lanzarote. Ryan Phillippe's model romance heating up Ryan Phillippe is reportedly getting “serious” with his girlfriend. Iron Man 3 - starring Don Cheadle, Rebecca Hall, Sir Ben Kingsley and Robert Downey Jr - is the biggest grossing film of 2013 Iron Man 3 makes most money of 2013 Iron Man 3 has been named the highest-grossing film of 2013. David Tennant has no idea what the future holds for his Broadchurch character Tennant has no clue for Broadchurch David Tennant has admitted he is worried that his Broadchurch character may be killed off during the second series of the programme. Lynda Carter played Wonder Woman in the 1970s series Carter: Wonder Woman was thrilling Lynda Carter has revealed she never tried to play Wonder Woman as a sex symbol. Britt Ekland has revealed her joy at becoming a grandmother at the age of 71 My plastic surgery regret, by Britt Former Bond Girl Britt Ekland has revealed her regret over having plastic surgery and her joy at becoming a grandmother at the age of 71. Nick Grimshaw topped GQ's best-dressed list Grimshaw tops GQ best-dressed list Nick Grimshaw has topped a list of best-dressed men - which also included Harry Styles, David Beckham and the Duke of Edinburgh. Carly Rae Jepsen will play Cinderella on Broadway Carly Rae Jepsen heads to Broadway Carly Rae Jepsen has had her calls returned by Broadway. Keira Knightley decided she wasn't cut out for Twitter Knightley's 12-hour Twitter account Keira Knightley has said she could only stand 12 hours on Twitter before she had to deactivate her account. Peter Jackson's Hobbit sequel is still doing well at the box office Hobbit still No 1 at box office The Hobbit: The Desolation Of Smaug has continued to top the US box office, landing at number one for the third weekend in a row. By using this website you consent to our use of cookies. For more information on cookies see our Cookie Policy [cookie_bar_close.png] This site uses cookies. 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See our Privacy & Cookie Policy * News + Irish News + World News + Opinion + Local Papers + Weather * Business + Irish + World + Technology + Farming + Personal Finance * Sport + Soccer + Gaelic Football + Hurling + Rugby + Golf + Horse Racing + Other Sports * Entertainment + TV & Radio + Movies + Music + Going Out + Competitions + Horoscopes + Lotto * Woman * Lifestyle * Photos * Videos * Jobs * Property * Directory * Cars Social * Follow us on Facebook * Follow us on Twitter * Add us on google+ * Download our iPhone app * Download our Android app * Subscribe to our newsletters * Sitemap * Contact Us * Terms & Conditions * Privacy Statement * Advertise with Us * Group Websites Search ____________________ (BUTTON) Go Irish Independent © Independent.ie Logo Inm A * News * Sport * Business * Woman * Entertainment * Lifestyle * Videos * Photos * Google+ * Facebook * Twitter one pixel graphics Powered by the Parse.ly Publisher Platform (P3). #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + Georgia Davis + Bruce Jones + Johnny Briggs + Kate Middleton, Duchess of Cambridge + Jeremy Hunt Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Ross Barkley + Arsene Wenger + Brendan Rodgers Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Jennifer Aniston + Courteney Cox + Abbey Clancy + Miley Cyrus + Selena Gomez Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Peter Capaldi + David Tennant + Ant McPartlin Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Sarah Ferguson + Duchess of York + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Miley Cyrus + Anderson Silva + Jose Mourinho + Father Christmas * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Arsene Wenger + Jennifer Aniston + Brendan Rodgers Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Politics * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron's election guru Lynton Crosby uses mysterious offshore tax haven * Oct 03, 2013 00:00 * By Nick Sommerlad * 0 Comments * Share * Share * Tweet * +1 * Email Our investigation will cause acute embarrassment to the Prime Minister, who has described legal ploys to avoid tax as “morally wrong” Tory guru: Lynton Crosby Tory guru: Lynton Crosby Julian Hamilton David Cameron’s election guru owns and runs a mysterious offshore company in Malta, the Mirror can reveal. The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People David Cameron Lynton Crosby See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Recommended on the Mirror Why? * Winter weather Dec 30th Christmas storms UK Weather: Live storm updates as strong winds and flood risks continue to plague UK * Harbin Ice and Snow Festival, Harbin, China - 29 Dec 2013 Art Pictures: Frozen city complete with skyscrapers, 480ft sculptures and even castles is made from ICE * Catherine Zeta-Jones and Michael Douglas split Michael Douglas and Catherine Zeta Jones spotted together for first time since split * Plane crash Passenger plane seconds from crashing into road bridge as it prepares to land * Explosion in a trolleybus in Volgograd Terrorism Video: Aftermath of Volgograd trolleybus bomb shows burnt out shell and discarded handbags * Michelle Keegan leaves Coronation Street Coronation Street See Tina McIntyre leave Coronation Street in first look preview pictures * Floods Video: Watch the amazing moment a baby is born on a boat as mum is rescued by firefighters * Michael Schumacher ski accident Live updates: Michael Schumacher fights for life in coma as doctors work "hour by hour" to reduce brain swelling * Michael Schumacher Live updates: Michael Schumacher still in coma after night fighting for life following skiing accident * Celebrity Big Brother What Celebrity Big Brother 2014 needs is an electrified Diary Room chair, sealed exits and Prince Philip mpu-bottom advertisement bottom-leaderboard advertisement * View: * Desktop * Mobile * Find a job * Find a home * Find a new home * Find a local business * About Us * Contact Us * Sell Your Story * Cookie Policy * For the record * Privacy Statement * Terms and Conditions * Paper Subscription to the Daily Mirror * Paper Subscription to the Sunday Mirror * Irish Mirror News UK News Weird News Technology & Science Real Life Stories World news Crime Play Crosswords Sudoku Competitions Poker Bingo Sport Football Formula 1 Boxing Tennis Rugby Union Rugby League Cricket Golf Horse racing Other Sports Fantasy Football TV TV News TV Previews TV Reviews 3am Celebrity News US gossip Style TV & film news Weird celeb news Money City News Personal finance Jobs Quids In Opinion News Opinion Sport Opinion 3am Opinion Lifestyle Opinion Lifestyle Health Horoscopes Staying in Going out Sex & Relationships Dieting Cartoons Family Gardening Travel Motoring one pixel graphics one pixel graphics one pixel graphics one pixel graphics top-leaderboard advertisement reskin advertisement No script ads will arrive soon! Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Revolution on wheels Lancashire’s big City Drive drive to fuel £1bn growth Times Scotland Blue sky thinking Angus MacSween and the rapid advance of iomart More from Politics Tories plan fightback against European Court Last updated at 11:46AM, December 30 2013 A plan to ensure that Britain’s highest court cannot be overruled by Europe is being drawn up by the Tories ahead of the election, ministers say Miliband hints at free childcare promise Last updated at 4:39AM, December 30 2013 The Labour leader hinted that free childcare will be one of the next targets in his drive to tackle the cost of living Jobless figures point to interest rate rise Published at 12:01AM, December 30 2013 The figures will put pressure on Mark Carney over his policy of ‘forward guidance’, which is designed to reassure businesses and homeowners ‘Health tourists’ to face A&E charges Published at 12:01AM, December 30 2013 All patients will still be treated according to need, but health chiefs will be more aggressive in chasing up payments from visitors Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Monday, Dec 30 2013 12PM 6°C 3PM 6°C 5-Day Forecast show ad * * * * * 0 shares * Benefits cheats And the most outrageous benefits cheats of 2013 are . . . the drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Delay: It took an ambulance two hours to arrive after Paul Nelson collapsed at his home in Norfolk Young chef died after an ambulance took TWO HOURS to reach his home as he coughed up blood * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after royal family insists 'there is no difference between rich and poor' * Famous image: Lupo was part of the intimate family portrait with the Duke and Duchess of Cambridge that introduced Prince George to the world Queen 'bans Duke and Duchess of Cambridge's cocker spaniel Lupo from spending Christmas with the royals' * Almost half of women say they feel guilty about their carbohydrate consumption, a new study revealed Almost HALF of women feel guilty about eating carbohydrates - but are they REALLY bad for you? * Schumacher new banner 'If he hadn't worn a helmet he'd be dead': Doctors reveal shocking injuries suffered by F1 legend Michael Schumacher as they battle to save his life after horrific skiing accident with his son in France * Message: Senior Roma official Damian Draghici has said that Britain should be more worried about bankers 'stealing' than beggars from his country Senior Roma says Britain should be more concerned about its bankers 'stealing billions' than surge of beggars from Eastern Europe in 2014 * At the bedside? 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As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rex * Thousands of homeowners face the threat of crippling bills to repair local churches under an ancient law which applies regardless of their religion, it has emerged Homeowners face huge bills for repair to churches under ancient laws - regardless of their religion * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * Macabre: The victim - who was French but who has not been named - was found with his throat cut, and with multiple stab wounds around his body in a Paris business district Suspected illegal immigrant 'stabbed homeless man to death in Paris and drank his blood' * Michael Adebowale Revealed, the U.S. hate preacher who inspired murderer of Lee Rigby: Killer tells how he became a Muslim after watching Islamic hardliner's sermons * Traditional alarm clock The endangered tech list: TVs, alarm clocks and standalone sat-navs among the gadgets that could be wiped out by smartphones * Cancer Research UK are charging £250 for a faux-fur coat and £200 for an Alpaca wool coat Charity shop bargains? They cost a fortune! Stores accused of abandoning clientele by selling items for hundreds of pounds * Keira Knightley house Keira's £4million home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar and gym * The upmarket chain has been giving complimentary hot drinks to loyalty card holders The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many Chavs' * The teacher at Eltham College (pictured) had an 'inappropriate' relationship with the 17-year-old boy, a disciplinary panel ruled Chariots Of Fire public school teacher had inappropriate relationship with boy pupil, 17, after she went running with him * Spider.jpg Mystery in the Amazon solved: Miniature towers surrounded by 'picket fences' on trees are found to be the work of spiders * Police forces have announced they will take a softer approach to mothers caught stealing food to feed their families as the number of people struggling to eat is reportedly on the rise Police reveal they are going easy on hard-up mothers who steal food 'simply to live' * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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Patients may end up being presented with chip-and-pin machines under new plans to crack down on health tourism Migrants WILL be charged by A&E: Foreigners to be billed for... [btn_add-your-comment.png] [icon_comments_74.png] Comments (19) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [1351098709505441_p.jpg?cb=20131230] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131230] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131230] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131230] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131230] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131230] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131230] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131230] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131230] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131230] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Benefits cheats This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too... 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Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * You won't be needing that for a while! Amy Childs posed for a bikini selfie on Sunday, as she prepares to get back to work training for new Channel 4 show The Jump You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Sarah Ferguson Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur-trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Las Vegas show 'Exquisite sets and dazzling choreography': Britney Spears gets mostly flattering reviews for her new Vegas show Two-year Planet Hollywood residency * Slimming spa package Feeling frazzled by the festivities? Spa offers ultimate repair package complete with oxygen facial and slimming lasers... but you'll need £1000 to make it happen * No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond No wonder he's smiling! Ryan O'Neal ends 2013 on a high after winning legal battle over painting and repairing relationship with son Redmond * 'I want more babies!' Holly Madison reveals she's ready to be a mom again as she celebrates 34th birthday in Sin City 'I want more babies!': Holly Madison reveals she's ready to be a mum again as she celebrates 34th birthday in Sin City Partied at the Palms Casino Resort * 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods of Tennessee 'I'm hitched!': Grimm star Claire Coffee ties the knot with her Prince Charming Chris Thile in a fairy tale style wedding in the woods in Tennessee * Denise Winwood A New Year's resolution that actually worked! Denise sheds NINE stone after being given a personal trainer for Christmas Husband presented gift * 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce 'She won't answer my calls': Ex-EastEnders actor Ricky Groves says estranged wife Hannah Waterman is ignoring his pleas for divorce They split four years ago * Reward: The Queen awarded Beckham an OBE for services to football in 2003 No Ladyship for Posh... Honours Committee snubs Becks (but Katherine Jenkins will get OBE) Footballer helped bid for London 2012 Olympics * Busted: British actor Rafi Gavron has reportedly been arrest twice in the space of twelve hours in Los Angeles British actor Rafi Gavron, 24, arrested TWICE in 12 hours for 'drunk driving and domestic violence' All happened in Los Angeles * It's a fresh, fresh world! Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market It's a fresh, fresh world! TV stylist Brad Goreski and his boyfriend Gary Janetti go on the hunt for some organic goodies at a farmers market * Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing rouge red lipstick and bejeweled earrings Ready for her mistletoe kiss: Michelle Keegan celebrates 'second Christmas' wearing red lipstick Stepped out for a family dinner in Manchester * Missing John Mayer? Katy Perry looks bored at Britney Spears Vegas concert as she fails to dance or cheer on her friend Missing John Mayer? Katy Perry looks bored during Britney Spears' Vegas concert After a lot of hype, looks like Katy wasn't enjoying it that much * Charlie Sheen A sex tape of Charlie Sheen could be used as evidence to prove the guilt of burglars who robbed Nicolas Cage's ex-girlfriend's house Wants to prove a motive * Piers Morgan tweets cricket injuries Howzat for a bruised backside? Piers Morgan tweets picture of cricket wound after facing Australian fast bowler Received four 90mph deliveries from Brett Lee * Selena Gomez The ultimate single girl? Selena Gomez uses Bridget Jones pseudonym as she debuts new punk style Flew back to Los Angeles from Vegas * Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney concert after party¿ but still grinds on two other guys Seriously? Miley Cyrus makes her romance with Kellan Lutz official during Britney Spears concert after party... but still grinds on two other men * She kissed a girl and she liked it! Miley Cyrus is caught on video getting steamy with Britney Spears' dancers sharing a girl-on-girl smooch She kissed a girl and she liked it! Miley Cyrus is caught smooching sexy lingerie-clad brunette backing dancer at Britney Spears' concert * Miley and Selena VIDEO: Miley Cyrus and Selena Gomez sing and dance at Britney Spears' opening night in Las Vegas Having a whale of a time as they danced away * First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama First a funeral, now a wedding: Sherlock attends Dr John Watson's wedding to Mary Morstan in first episode of detective drama * Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer toyboy Dressed down Kristin Chenoweth can't stop smiling as she is greeted at LAX by her 50 Shades of Grey producer boyfriend No longer unlucky in love * Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who's in these mysterious festive snaps? Christmas dinner? I did it all by my selfie! The home-cooked turkey that proves Nigella IS a domestic goddess... but can you guess who else is n the festive snaps? * Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' Simon Cowell and pregnant girlfriend Lauren Silverman 'ready to tie the knot in imminent beach wedding' 'Got a marriage licence' * Anthony McPartlin and Declan Donnelly confess to Kirsty Young on Desert Island Disks that the TV phone-in scandal had them fearing for their jobs TV phone-in scandal which affected millions of viewers and cost ITV £5m nearly destroyed us, say Ant and Dec Revealed on Desert Island Discs * Cuddles: Bikini-clad Cheryl Cole hugs a cute dog in South Africa 'Wherever I go in the world, I will manage to find a dog to love': Bikini-clad Cheryl Cole cuddles up to a cute pooch in South Africa She's looking good too * Cole We didn't Xpect you back, Cheryl! Star set for shock X Factor return - three years after being axed in the US Surprise, surprise! * Together... but so far apart! Jennifer Aniston and Justin Theroux do not seem to have that loving feeling during a tropical getaway Have they lost that loving feeling? Jennifer Aniston and Justin Theroux seem distant and preoccupied on blissful holiday Planning a wedding * Heidi Klum She looks mint! Heidi Klum, 40, shows off her toned frame in striking green leggings as she steps out with Martin Kristen Out with their dog * Kelly Brook 'She's exactly what they need': Kelly Brook 'lined up' for a place on Dancing With The Stars after impressing show producers Impressed during LA trip * tamara Like mother, like daughter! 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Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. 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Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Palestinian activists stand near roses planted Palestinian mother remembers son Protester Bassem Ibrahim Abu Rahma, killed in 2009 by a teargas grenade, is remembered in Bil'in in the West Bank by a garden of flowers planted in used teargas canisters * A Shaman holds bunches of coca leaves Peru's shamans make 2014 predictions Diviners perform soothsaying ceremony for 2014 * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern feast Inspired by Syria and Lebanon, using low-cost ingredients * Car jumping 2013 championship in West Sussex - video Car jumping championship Drivers compete for 2013 jumping title in West Sussex GuardianWitness * Leon Crusoe with wife and daughter Which languages do you use? 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All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (0) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=7.2699913 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=7.2699913E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. 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Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. New Zealandâs cows come home in its own commodities boom 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Shares lift as weaker dollar helps miners 5. Most importers and exporters prefer dollar value of $US90¢-$1 Most viewed articles on WA Today Top 5 Business articles 1. Myer says sorry for Boxing Day online shopping failure with free delivery 2. Gold set for biggest annual plunge in 30 years 3. New Zealandâs cows come home in its own commodities boom 4. Putting a price on your bill-paying laziness 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Putting a price on your bill-paying laziness 3. Shares lift as weaker dollar helps miners 4. 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Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (0) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=5.0180778E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=5.0180778E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments76 2 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. Putting a price on your bill-paying laziness Contains: total comments71 3 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: 4 bernie brookes Myer says sorry for Boxing Day online shopping ... Contains: 5 Forge Group workers. Forge denies takeover offer as shares rocket up 54pc Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=1;sz=149x170;tile=8;ord=5.0180778E7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=149x170;tile=9;ord=5.0180778E7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Why cocktails are cool again STEVE COLQUHOUN Two shots of popular culture with a dash of taste drives the return of the marvellous mixer. Contains: This article contains a video. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=300x250;tile=10;ord=5.0180778E7? Money mozo image for Money unit of Rainbow strip 0% intro rate cards for the silly season * Smh.com.au * Compare All Saving Accounts * Compare All Credit Cards * Compare All Home Loans Jobs Search for 1000's of jobs Search for 1000s of jobs around Australia * Mycareer.com.au * Search for a new job * Set up an email job alert * What are you worth? 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Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. New Zealandâs cows come home in its own commodities boom 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Shares lift as weaker dollar helps miners 5. Most importers and exporters prefer dollar value of $US90¢-$1 Most viewed articles on WA Today Top 5 Business articles 1. Myer says sorry for Boxing Day online shopping failure with free delivery 2. Gold set for biggest annual plunge in 30 years 3. New Zealandâs cows come home in its own commodities boom 4. Putting a price on your bill-paying laziness 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Putting a price on your bill-paying laziness 3. Shares lift as weaker dollar helps miners 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? 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All rights reserved. * Accessibility * Privacy policy * Cookies info * Terms of use Quantcast #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 12AM 4°C 3AM 3°C 5-Day Forecast show ad * * * * * 468 shares * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters in string of incidents * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Body found in hunt for missing Manchester teenager Adam Pickup * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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Flights and buses full as Romanians and Bulgarians... * Grim start: Commuters, pictured on London bridge, returned to work in their droves today but bad weather and engineering works have scuppered their journeys today Downpours lead to 130ft-deep SINK-HOLE opening up in... * Paedophile Lloyd Breach Jeremy Kyle show paedophile ‘could have been caught five... * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131231] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131231] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131231] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131231] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131231] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131231] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131231] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131231] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131231] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131231] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... We asked six people to talk frankly about their health; Dr Gideon Paul, a physician and consultant cardiologist then predicted their life... * Comments (46) TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws Home Office figures show that since round-the-clock opening was introduced, more than one hundred town centres have been overrun by problem... * Comments (216) A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters... In the last year there have been 594 incidents, with 57 councils in England reporting students being temporarily or permanently excluded for... * Comments (14) TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting... Not only is she said to be worth millions but she also has a choice of three homes to retreat to. So Kirstie Allsopp probably should have... * Comments (409) Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the... The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (98) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (5) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK Almost all flights from Romania to England are full - even though one airline doubled the number to meet demand - with one-way tickets... * Comments (226) Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has... The Tory Party will publish draft legislation over the 'next few months' to rein in the influence of the Strasbourg court, the Justice... * Comments (18) Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music... Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the... * Comments (446) A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts. * Comments (2) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * SAM FAIERS Faier(s) play to her! Sam strips down to her bikini and shows off amazing body as she reveals she's lost more than a stone in weight Looks hot in pink * FERN BRITTON 'I ate too much, I slept too much... I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! Abbey Clancy dresses up as Miley Cyrus in THAT infamous outfit for Alan Carr's TV special No mistaking who's getting sent up * NINA AGDAL She's definitely Wanted! Max George's model girlfriend Nina Agdal sizzles as she hits the beach for a sexy swimwear shoot Smouldered in Mexico * Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Actress showed off the results of her strict running regime * ONE DIRECTION This Is Us... winning! One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? Now they're bombarding us from the ski slopes too as Pink leads the charge of smug 'snelfies' * PIXIE LOTT Snow bunny love: Pixie Lott and Oliver Cheshire cuddle up on the slopes as they prepare to spend New Year's Eve with her family in Chamonix * Madonna skiing Climb every mountain: Madonna takes on bunny slope as daughter Lourdes masters snowboarding on family trip to Switzerland Youngster's a natural * Sean Penn Forever buff! Sean Penn, 53, proves he's still a surfer dude at heart, 30 years on from his role in Fast Times at Ridgemont High Still got what it takes * GEMMA MERNA Getting that bikini body ready! A make-up free Gemma Merna heads to the gym as she gets in shape ahead of Splash debut Only a few days to go * Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs A Dynasty reunited! Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel 'It's all about Axl this year!' Fergie gushes about first Christmas as a mother but makes time for date night with Josh Duhamel Caught a movie * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am BREAKING NEWS: Body found in hunt for missing Manchester teenager Adam Pickup * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Part of the Milldam lead mine near Buxton in Derbyshire has caved-in overnight and swallowed a field as terrible weather continues to plague most of Britain. Downpours lead to 130ft-deep SINK-HOLE opening up in Derbyshire fields as forecasters warn wild weather will... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * Core skills trainer Anna Rushby tries out the fat suit which is being used at Peterborough City Hospital Cash-strapped NHS? Meet the hospital staff who wear a £1,000 fat suit to learn how obese patients feel * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * BREAKING NEWS: Body found in hunt for missing Manchester teenager Adam Pickup * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Downpours lead to 130ft-deep SINK-HOLE opening up in Derbyshire fields as forecasters warn wild weather will continue for a month * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Women beat the men for the first time: Females in the new year's honours list outnumber men * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Robin Roberts' romantic getaway: GMA star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + Former Mayor Injured, Husband Killed By Family Dog386 + Michelle Obama Congratulates Robin Roberts On Coming Out107 + Heavyweight GOP Donor Dies At 8286 + Cruz Taking Steps To Renounce Canadian Citizenship1.8k + Drones Could Be Coming To A State Near You467 + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + France Cleared To Impose Unbelievably High Tax On The Rich1.3k + PHOTO: WSJ Editor Finds Frog In Pret A Manger Salad39 + The Worst Product Flops of 2013131 + Paul Krugman Trolls Bitcoin Fans. 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LIVE + Tomorrow Dick Cavett & Musician Kyle Riabko LIVE + Go to HuffPost Live * ALL SECTIONS News + Politics + World + Business + Small Business + Money + Media + Sports + Education + Crime + Weird News + Good News Entertainment + Entertainment + Celebrity + Comedy + Arts & Culture + Books + TV Life & Style + Healthy Living + GPS for the Soul + Style + Home + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Code Voices + Women + Black Voices + Latino Voices + Voces (en español) + Gay Voices + Religion + College + Teen + Impact Local + Chicago + DC + Denver + Detroit + Hawaii + Los Angeles + Miami + New York + San Francisco Our Mobile Apps + iOS App + HuffPost Live iOS + Android App Politics * Pollster * Elections 2014 * 2016 * Eat The Press * HuffPost Hill * CPI * Radley Balko's The Agitator * Third Metric * Howard Fineman's Political Read Shahien Nasiripour Shahien Nasiripour Become a fan shahien@huffingtonpost.com Christina Wilkie Christina Wilkie Become a fan christina.wilkie@huffingtonpost.com Paul Blumenthal Paul Blumenthal Become a fan paulblumenthal@huffingtonpost.com Offshore Tax-Haven Data Made Public As Companies Brace For Scrutiny Posted: 06/14/2013 10:00 pm EDT | Updated: 06/17/2013 12:29 pm EDT reddit stumble Share on Google+ Get Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, Apple, Video, Deutsche Bank, Tax Evasion, Corporate Taxes, Offshore Tax Haven, Offshore Tax Havens, Tax Havens, Tim Cook, Ubs, Politics News WASHINGTON -- The International Consortium of Investigative Journalists (ICIJ) on Friday made public what it calls the most extensive collection of records on offshore accounts in history, encouraging sleuths to ferret out possible tax evasion. The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. 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(MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 452k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... [s-OFFSHORE-TAX-mini.jpg?6] Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public... [s-PAKISTAN-mini.jpg?6] Gunmen Take Over Hospital In Southwestern Pakistan QUETTA, Pakistan — Pakistani forces stormed a hospital that had been taken over by gunmen Saturday in a restive southwestern province, freeing hostages and ending... [s-TAX-HAVENS-CANADA-mini.jpg?6] Secret Tax-Haven Names Released To Public A glimpse at an enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Tuesday 31 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Seahawks show `championship poise' and refuse to stoop to Rams' level | Larry Stone 2. UW interim coach Marques Tuiasosopo joining USC 3. Seahawks, NFC West champs and No. 1 seed, have cause to celebrate | Jerry Brewer 4. 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend... put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... [favicon.ico] Tax-haven data leak reveals an eclectic mix of Canadians [favicon.ico] Europe's Vanishing Tax Havens [favicon.ico] Transparency and tax havens Filed by Daniel Tencer | SOCIAL NEWS FOLLOW US * Facebook * Twitter * Apple * Android * Email * Rss Connect with your friends Check out stories you might like, and see what your friends are sharing! 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Retail Pot Locations * Cold Cases Blog * The Fire Line * Brock Osweiler * Adam Gase * NYE Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Kipling Street closed in Arvada due to gas leak Colorado marijuana-tracking system won't include all plants on Jan. 1 Life support extended for girl declared brain dead The Cannabist: Meet the Denver Post's new marijuana site Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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The Bottom Line * Celebrities * Culture * Oddities * Comedy * Good News * Comics * Games * Advice * Polls __________________________________________________________________ Blogs <> Privacy Policy | Terms of Use | MNG Corporate Site Map | Copyright [MNG_footerGraphic.jpg] IFRAME: //s.thebrighttag.com/iframe?c=sfWGaRL #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + The Queen + Andy Murray + Prince William + David Cameron + Kate Middleton, Duchess of Cambridge Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Richard Hammond + Jeremy Clarkson + Jose Mourinho Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston + Courteney Cox + Harry Styles Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Michelle Keegan + Chris Gascoyne + Sherlock Holmes Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Duchess of York + Sarah Ferguson + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Anderson Silva + Miley Cyrus + Jose Mourinho + Arsene Wenger * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Crime * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron ally Alan Lewis's business empire funded by tax haven millions * Oct 06, 2013 00:00 * By Dominic Herbert * Share * Share * Tweet * +1 * Email Posh overcoat firm Crombie trades on its patriotic British image but there is a tangled web of offshore connections in the Caribbean Rich: Mr Lewis is worth £220m Rich: Mr Lewis is worth £220m Alan Davidson/The Picture Library Ltd Tory vice chairman Alan Lewis’s business empire has been funded by millions of pounds from a controversial offshore tax arrangement. The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. Phil Robertson Advised Men to Marry 15-Year-Old Girls Because They Will “Pick Your Ducks” * 2. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists The Bishops Avenue and the rich and poor Published at 12:01AM, December 31 2013 During the downturn there were more boarded-up properties on “Billionaire’s Row” than in rougher parts of Wolverhampton Ed is just one big step away from victory Published at 12:01AM, December 31 2013 If Labour backs Tory spending plans for the first part of the next parliament it will woo Middle England There are no easy prescriptions for local hospitals Published at 12:01AM, December 31 2013 You can’t have your NHS cake and eat it Here’s what you’ll miss by escaping Hogmanay Published at 12:01AM, December 31 2013 The Scottish referendum means this could be the United Kingdom’s last new year together Related topics: * Technology + Google Inc. 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. Since the launch of the iPhone in 2007, its cash pile has swollen from about $15bn to $137bn. The company parks most of its cash overseas, hidden from America’s Internal Revenue Service. Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Related Articles Related Articles * The worm has turned for Apple 27 January 2013 * Cameron tax blitz wins bosses’ vote 27 January 2013 * Revealed: Apple takes bigger bite out of tax bill 4 November 2012 * Apple downloads another $10bn 21 October 2012 * The Untaxables 30 September 2012 * Apple’s cash crisis (it’s got too much money) 5 August 2012 No script ads will arrive soon! 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May 2014 Be the End of Your Ages... + Dr Harry Hagopian Dr Harry Hagopian :2010-2013: Three Years in the Lifetime of a MENA Region View all featured blog posts Politics * Boris Johnson * Conservatives * Labour * Lib Dems * Ukip * Westminster * Mehdi's Morning Memo David Cameron Reaches Agreement With British 'Tax Havens' Like Jersey, Cayman Islands On Tax Evasion The Huffington Post UK | Posted: 15/06/2013 15:57 BST | Updated: 15/06/2013 15:57 BST reddit stumble Share on Google+ Get UK Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, David Cameron, Tax Avoidance, Tax Evasion, UK Politics, Enough Food For Everyone, G8, Guernsey, Jersey, Oxfam, Tax Havens, UK NEWS, UK Politics News British 'tax havens' like the Cayman Islands and Jersey have agreed to 'get their house in order' in a new deal on tax evasion secured by the Prime Minister ahead of the G8 summit. David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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View all RSS feeds * 1. 2. 3. uk-london24 William goes back to university to study agriculture at Cambridge New Year’s Eve and New Year’s Day London travel - Tube, Overground, rail New Year: Londoners most likely to still be over the limit at 10pm on January 1 More News at London24.com Search The Huffington Post_____ Search * Advertise | * * Make HuffPost your Home Page | * RSS | * Careers | * FAQ * User Agreement | * Privacy | * Cookie Policy | * Comment Policy | * About Us | * About Our Ads | * Contact Us * "The Huffington Post UK" is provided by AOL (UK) Limited. © 2013 AOL (UK) Limited its affiliates and licensors * Part of HuffPost Politics Quantcast HuffPost Lightbox IFRAME: //www.googletagmanager.com/ns.html?id=GTM-KJF4 * Jobs + Findajob.ie + Search Jobs + Advertise a Job + Upload CV + Career Advice + Education & Training * Cars + CarsIreland.ie + Used Car Search + Car Dealers * Homes + Globrix.ie + Buy Property + Rent Property + Advertise Properties * Deals + Grabone.ie + Dublin + Cork + Galway + Limerick + Kerry + South East + GrabOne Escapes + GrabOne Store * Dating + TheMeetingPoint.ie + Mature + Gay * Death Notices + Announcement.ie + Deaths + In Memoriam + Book a Notice * Book an Ad + Book a Print Ad + Book an Online Ad * Google+ * Facebook * Twitter independent Tuesday 31 December 2013 Icon Hi °C | Lo °C Change * Athlone * Bray * Cork * Drogheda * Dundalk * Galway * Kilkenny * Limerick * Navan * Waterford * News + Irish News o Courts o Irish abroad + World News o Europe o Americas o Middle East o Africa o Asia-Pacific + Opinion o Letters o Columnists o Editorial o Analysis o Comment + Local Papers + Weather o Upload your Weather photos Driving licence deal with Canadian cities on cards for 2014 FG to boost Labour's European bid with vote deal Bonuses on the way back for more public servants Pope Francis nominated for Tipperary peace award Two-thirds of staff not using up their holidays See the tree, how big it's grown - Ireland's king of the woods LONDON, ENGLAND - OCTOBER 16: Actor Michael Palin attends 'Life of Brian' was true, theologian swears on Bible * Sport + Soccer o Premier League o Champions League o League of Ireland + Gaelic Football + Hurling + Rugby o Autumn Internationals o Rabodirect PRO 12 o Heineken Cup + Golf + Horse Racing + Greyhounds + Other Sports o Cycling Contracts must be sorted sooner -- Gibbes The teacher's pets, class clowns and the ones who must do better United facing fierce fight to get hands on £20m Saints defender Shaw The good, the bad and the ugly of 2013 Penney ready to make tough calls Wenger still keen to snap up Madrid hitman Morata Rory McIlroy looks dejected The good, the bad and the ugly of 2013 * Business + The Budget + Irish + World + Technology o Gaming + Farming + Small Business + Media + Personal Finance o Latest News o Property & Mortgages o Pensions + Commercial Property Reward for investors as Irish bonds among top performers in the world Italian bank is urged to complete €3bn cash call Tax rates 'an impediment to entrepreneurs' It's music to their ears as royalties hit high of €32m Strong year for the ISE as index beats major markets Crocs sniff $200m investment boost Lead singer Bono of Irish rock band U2 performs a concert at the Olympic stadium in Turin...Lead singer Bono (C) of Irish rock band U2 performs a concert at the Olympic stadium in Turin, northern Italy August 6, 2010. U2 singer Bono is ready to rock after back surgery sidelined him for two months, and forced the band to postpone its North American tour by a year to May 2011. The Irish rockers began the second European leg of their It's music to their ears as royalties hit high of €32m * Woman + Celeb News + Photos + Videos + Fashion + Beauty + Diet & Fitness + Love & Sex + Horoscopes + Competitions New Year's resolutions you should be making New Year, New You' that's how the old adage usually goes, and with it comes a list of resolutions Daring to bare Supermodel Candice Swanepoel poses nude for Vogue Brazil The world's poshest friendship The Duchess of Cambridge has reportedly been bonding with Victoria Beckham over decorating LAS VEGAS, NV - DECEMBER 27: Singer Katy Perry attends the opening of Celebrity sightings * Entertainment + Movies + Music + TV & Radio + Going Out + Festivals o Upload your festival photos + Books & Arts + Competitions + Horoscopes + Lotto + Crosswords & Puzzles Netflix: 470 films and TV shows to vanish in January Queen's Brian May undergoes tests amid cancer fears Countdown to new year party begins Aniston, Bullock and Diaz team up for the 'mother of all comedies' [TICON-A VIDEO] Britney brings the circus to her two-year series of Vegas shows Idris Elba's long walk to stardom Beyonce had more than enough songs to choose from for her latest album Pop queen Beyoncé criticised over latest song * Lifestyle + Health o Eye Health o Mental Health + Mothers & Babies + Education + Food & Drink + Property & Homes + Motoring + Travel o Travel News o Inside Ireland o Destinations + ThreeTrending o News o Video + Christmas Why you just can't put down the crisps The silly list How to regift without getting caught The generation game 14 reasons to be cheerful in 2014 Joe O'Shea: I'm getting married in 10 days Christmas Tree and gift A single mum gives advice on Christmas * Videos * Photos Search ____________________ (BUTTON) Go Independent.ie› Business› Irish› Ireland not a tax haven, says OECD Comments * Email * Print * Font Size Pascal Saint-Amans /> Pascal Saint-Amans: keynote speaker at tax conference Peter Flanagan – 24 July 2013 IRELAND is not a tax haven, and there is little this country can do on its own to amend global tax laws, a senior OECD official said yesterday. Also in this section Strong year for the ISE as index beats major markets Firms seeking better phone deals Tax rates 'an impediment to entrepreneurs' Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size Stock market charts Data More in Irish (1 of 20 articles) Strong year for the ISE as index beats major markets Read More Also in this Section Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. 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(e.g. Galway, (BUTTON) Search Independent Shopping.ie Meet, chat and connect with singles in your area Independent Shopping.ie Meet Singles Now Findajob What (job title, ref Where_______________ (BUTTON) Search Apps Now available on * iPhone * Android * Breaking News * National * World * Sport * 02:02Outrage as Israel frees danger men * 01:47Rebel boss warned: We'll go for you * 01:07Plea to Obama over bomb probe death * 21:22Gardai appeal over gun murder * 20:42Wilkins returns to Fulham * 21:22Gardai appeal over gun murder * 16:22Fall in child offenders reported * 15:02Cancer sufferer backs TV campaign * 13:52Man charged after Andy Cole abused * 11:37Tourism sector sees solid progress * 02:02Outrage as Israel frees danger men * 01:47Rebel boss warned: We'll go for you * 01:07Plea to Obama over bomb probe death * 18:07Nigeria gunmen target Christians * 15:52Nikkei logs best year since 1972 * 20:42Wilkins returns to Fulham * 19:37Rodgers leaps to Suarez's defence * 19:37Hughes will not contest FA charge * 18:02Pulis eyes January bargains * 17:27Poyet sees key role for Fletcher Top Stories Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. Most Read 1. Irish man charged in connection with racial abuse of former Man Utd star Andy Cole 2. Schumacher 'fighting for his life' as he remains in induced coma 3. Death threats to pharmacy in nut tragedy row 4. ‘You’re a true gentleman.. I love you so much and I don’t know how I’m going to live without you’ 5. Suspects in Adrian Donohoe murder face being deported from US Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery EDINBURGH, SCOTLAND - DECEMBER 30: A man dressed as a Viking takes part in the torchlight procession as it makes its way through Edinburgh for the start of the Hogmanay celebrations on December 30, 2013 in Edinburgh, Scotland. Around 80,000 people are expected in the city for the traditional New Year celebrations, which run over three days. Tickets have been bought for the event by people from over sixty different countries. (Photo by Jeff J Mitchell/Getty Images) Vikings galore for Edinburgh's Hogmanay Your photos Send us your weather photos promo Celebrity News Bon Jovi's worldwide tour grossed 259.5 million dollars (£158m) this year Rockers give gross a good name Bon Jovi have rocked their way to become the top tour of 2013 and a career high. One Direction's Midnight Memories has been crowned the UK's top-selling album of 2013 Midnight Memories top-selling album One Direction's Midnight Memories has been crowned the UK's top-selling album of 2013. Lily Allen has explained why she turned her back on the showbiz lifestyle, insisting it was very different to what she expected. Lily Allen: I've turned my back on the 'f***ing celebrity Botoxed idiots' Lily Allen thought fame would be brilliant so was disappointed to find herself surrounded by “sterile f**king Botoxed idiots that stank of desperation”. 21/12/2013. Pictured is actress and model Olivia Treacy at the Shelbourne hotel. Photo: El Keegan Former Miss Ireland Olivia Treacy on ageing gracefully, mature modelling and LA life THE blonde may be gone, but the sleek, silver hair has come to be a niche and a selling point. 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The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People David Cameron Lynton Crosby See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Revolution on wheels Lancashire’s big City Drive drive to fuel £1bn growth Times Scotland Blue sky thinking Angus MacSween and the rapid advance of iomart More from Politics Anger as rail fares leave wages behind Published at 12:01AM, December 31 2013 Action for Rail says that while fares have gone up by almost 20 per cent under the coalition, average earnings have fallen Influx of 50,000 migrants ‘inevitable’ Last updated at 12:01AM, December 31 2013 Despite attempts to limit access to out-of-work benefits, Britain remains a magnet to such migrants, the report by MigrationWatch UK says Police told to explain undetected crimes Published at 12:01AM, December 31 2013 Crime figures are to be overhauled in an attempt to meet public concern that officers do not bother to investigate alleged offences fully Farage’s asylum call ‘not for Muslims’ Published at 12:01AM, December 31 2013 The UKIP leader said that while Syrian Muslims could seek shelter in Islamic countries, Christians had no such option Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 12AM 4°C 3AM 3°C 5-Day Forecast show ad * * * * * 0 shares * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters in string of incidents * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Body found in hunt for missing Manchester teenager Adam Pickup * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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[1351098709505441_p.jpg?cb=20131231] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131231] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131231] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131231] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131231] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131231] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131231] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131231] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131231] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131231] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... 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The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (98) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (5) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! 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Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! 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Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Downpours lead to 130ft-deep SINK-HOLE opening up in Derbyshire fields as forecasters warn wild weather will continue for a month * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Women beat the men for the first time: Females in the new year's honours list outnumber men * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * Sold out! 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As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. 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Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Palestinian activists stand near roses planted Palestinian mother remembers son Protester Bassem Ibrahim Abu Rahma, killed in 2009 by a teargas grenade, is remembered in Bil'in in the West Bank by a garden of flowers planted in used teargas canisters * A Shaman holds bunches of coca leaves Peru's shamans make 2014 predictions Diviners perform soothsaying ceremony for 2014 * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern feast Inspired by Syria and Lebanon, using low-cost ingredients * Car jumping 2013 championship in West Sussex - video Car jumping championship Drivers compete for 2013 jumping title in West Sussex GuardianWitness * Leon Crusoe with wife and daughter Which languages do you use? 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All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (1) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=1.1629255 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=1.1629255E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. 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Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Putting a price on your bill-paying laziness 3. Shares lift as weaker dollar helps miners 4. 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Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=1.789192E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=1.789192E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments76 2 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. Putting a price on your bill-paying laziness Contains: total comments72 3 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: 4 bernie brookes Myer says sorry for Boxing Day online shopping ... Contains: 5 Forge Group workers. Forge denies takeover offer as shares rocket up 54pc Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=1;sz=149x170;tile=8;ord=1.789192E7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=149x170;tile=9;ord=1.789192E7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Why cocktails are cool again STEVE COLQUHOUN Two shots of popular culture with a dash of taste drives the return of the marvellous mixer. Contains: This article contains a video. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=300x250;tile=10;ord=1.789192E7? 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Conditions apply Find Out More Top Home Loans [cs-hl-trim.png] Trim $1000s off your mortgage. Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. New Zealandâs cows come home in its own commodities boom 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Shares lift as weaker dollar helps miners 5. Most importers and exporters prefer dollar value of $US90¢-$1 Most viewed articles on WA Today Top 5 Business articles 1. Myer says sorry for Boxing Day online shopping failure with free delivery 2. Gold set for biggest annual plunge in 30 years 3. New Zealandâs cows come home in its own commodities boom 4. Putting a price on your bill-paying laziness 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Putting a price on your bill-paying laziness 3. Shares lift as weaker dollar helps miners 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? 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We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters in string of incidents * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Body found in hunt for missing Manchester teenager Adam Pickup * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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Flights and buses full as Romanians and Bulgarians... * Grim start: Commuters, pictured on London bridge, returned to work in their droves today but bad weather and engineering works have scuppered their journeys today Downpours lead to 130ft-deep SINK-HOLE opening up in... * Paedophile Lloyd Breach Jeremy Kyle show paedophile ‘could have been caught five... * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131231] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131231] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131231] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131231] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131231] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131231] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131231] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131231] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131231] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131231] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... We asked six people to talk frankly about their health; Dr Gideon Paul, a physician and consultant cardiologist then predicted their life... * Comments (46) TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws Home Office figures show that since round-the-clock opening was introduced, more than one hundred town centres have been overrun by problem... * Comments (216) A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters... In the last year there have been 594 incidents, with 57 councils in England reporting students being temporarily or permanently excluded for... * Comments (14) TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting... Not only is she said to be worth millions but she also has a choice of three homes to retreat to. So Kirstie Allsopp probably should have... * Comments (409) Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the... The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (98) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (5) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK Almost all flights from Romania to England are full - even though one airline doubled the number to meet demand - with one-way tickets... * Comments (226) Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has... The Tory Party will publish draft legislation over the 'next few months' to rein in the influence of the Strasbourg court, the Justice... * Comments (18) Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music... Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the... * Comments (446) A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts. * Comments (2) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * SAM FAIERS Faier(s) play to her! Sam strips down to her bikini and shows off amazing body as she reveals she's lost more than a stone in weight Looks hot in pink * FERN BRITTON 'I ate too much, I slept too much... I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! Abbey Clancy dresses up as Miley Cyrus in THAT infamous outfit for Alan Carr's TV special No mistaking who's getting sent up * NINA AGDAL She's definitely Wanted! Max George's model girlfriend Nina Agdal sizzles as she hits the beach for a sexy swimwear shoot Smouldered in Mexico * Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Actress showed off the results of her strict running regime * ONE DIRECTION This Is Us... winning! One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? Now they're bombarding us from the ski slopes too as Pink leads the charge of smug 'snelfies' * PIXIE LOTT Snow bunny love: Pixie Lott and Oliver Cheshire cuddle up on the slopes as they prepare to spend New Year's Eve with her family in Chamonix * Madonna skiing Climb every mountain: Madonna takes on bunny slope as daughter Lourdes masters snowboarding on family trip to Switzerland Youngster's a natural * Sean Penn Forever buff! Sean Penn, 53, proves he's still a surfer dude at heart, 30 years on from his role in Fast Times at Ridgemont High Still got what it takes * GEMMA MERNA Getting that bikini body ready! A make-up free Gemma Merna heads to the gym as she gets in shape ahead of Splash debut Only a few days to go * Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs A Dynasty reunited! Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Body found in hunt for missing Manchester teenager Adam Pickup * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Part of the Milldam lead mine near Buxton in Derbyshire has caved-in overnight and swallowed a field as terrible weather continues to plague most of Britain. Downpours lead to 130ft-deep SINK-HOLE opening up in Derbyshire fields as forecasters warn wild weather will... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * Core skills trainer Anna Rushby tries out the fat suit which is being used at Peterborough City Hospital Cash-strapped NHS? Meet the hospital staff who wear a £1,000 fat suit to learn how obese patients feel * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Body found in hunt for missing Manchester teenager Adam Pickup * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Downpours lead to 130ft-deep SINK-HOLE opening up in Derbyshire fields as forecasters warn wild weather will continue for a month * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Women beat the men for the first time: Females in the new year's honours list outnumber men * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Robin Roberts' romantic getaway: GMA star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + Former Mayor Injured, Husband Killed By Family Dog386 + Michelle Obama Congratulates Robin Roberts On Coming Out107 + Heavyweight GOP Donor Dies At 8286 + Cruz Taking Steps To Renounce Canadian Citizenship1.8k + Drones Could Be Coming To A State Near You467 + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + France Cleared To Impose Unbelievably High Tax On The Rich1.3k + PHOTO: WSJ Editor Finds Frog In Pret A Manger Salad39 + The Worst Product Flops of 2013131 + Paul Krugman Trolls Bitcoin Fans. 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LIVE + Tomorrow Dick Cavett & Musician Kyle Riabko LIVE + Go to HuffPost Live * ALL SECTIONS News + Politics + World + Business + Small Business + Money + Media + Sports + Education + Crime + Weird News + Good News Entertainment + Entertainment + Celebrity + Comedy + Arts & Culture + Books + TV Life & Style + Healthy Living + GPS for the Soul + Style + Home + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Code Voices + Women + Black Voices + Latino Voices + Voces (en español) + Gay Voices + Religion + College + Teen + Impact Local + Chicago + DC + Denver + Detroit + Hawaii + Los Angeles + Miami + New York + San Francisco Our Mobile Apps + iOS App + HuffPost Live iOS + Android App Politics * Pollster * Elections 2014 * 2016 * Eat The Press * HuffPost Hill * CPI * Radley Balko's The Agitator * Third Metric * Howard Fineman's Political Read Shahien Nasiripour Shahien Nasiripour Become a fan shahien@huffingtonpost.com Christina Wilkie Christina Wilkie Become a fan christina.wilkie@huffingtonpost.com Paul Blumenthal Paul Blumenthal Become a fan paulblumenthal@huffingtonpost.com Offshore Tax-Haven Data Made Public As Companies Brace For Scrutiny Posted: 06/14/2013 10:00 pm EDT | Updated: 06/17/2013 12:29 pm EDT reddit stumble Share on Google+ Get Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, Apple, Video, Deutsche Bank, Tax Evasion, Corporate Taxes, Offshore Tax Haven, Offshore Tax Havens, Tax Havens, Tim Cook, Ubs, Politics News WASHINGTON -- The International Consortium of Investigative Journalists (ICIJ) on Friday made public what it calls the most extensive collection of records on offshore accounts in history, encouraging sleuths to ferret out possible tax evasion. The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. 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(MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 452k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... [s-OFFSHORE-TAX-mini.jpg?6] Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public... [s-PAKISTAN-mini.jpg?6] Gunmen Take Over Hospital In Southwestern Pakistan QUETTA, Pakistan — Pakistani forces stormed a hospital that had been taken over by gunmen Saturday in a restive southwestern province, freeing hostages and ending... [s-TAX-HAVENS-CANADA-mini.jpg?6] Secret Tax-Haven Names Released To Public A glimpse at an enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Tuesday 31 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Seahawks show `championship poise' and refuse to stoop to Rams' level | Larry Stone 2. UW interim coach Marques Tuiasosopo joining USC 3. Seahawks, NFC West champs and No. 1 seed, have cause to celebrate | Jerry Brewer 4. 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend... put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... [favicon.ico] Tax-haven data leak reveals an eclectic mix of Canadians [favicon.ico] Europe's Vanishing Tax Havens [favicon.ico] Transparency and tax havens Filed by Daniel Tencer | SOCIAL NEWS FOLLOW US * Facebook * Twitter * Apple * Android * Email * Rss Connect with your friends Check out stories you might like, and see what your friends are sharing! 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Retail Pot Locations * Cold Cases Blog * The Fire Line * Brock Osweiler * Adam Gase * NYE Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Kipling Street closed in Arvada due to gas leak Colorado marijuana-tracking system won't include all plants on Jan. 1 Life support extended for girl declared brain dead The Cannabist: Meet the Denver Post's new marijuana site Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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The Bottom Line * Celebrities * Culture * Oddities * Comedy * Good News * Comics * Games * Advice * Polls __________________________________________________________________ Blogs <> Privacy Policy | Terms of Use | MNG Corporate Site Map | Copyright [MNG_footerGraphic.jpg] IFRAME: //s.thebrighttag.com/iframe?c=sfWGaRL #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + The Queen + Andy Murray + Prince William + David Cameron + Kate Middleton, Duchess of Cambridge Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Richard Hammond + Jeremy Clarkson + Jose Mourinho Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston + Courteney Cox + Harry Styles Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Michelle Keegan + Chris Gascoyne + Sherlock Holmes Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Duchess of York + Sarah Ferguson + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Anderson Silva + Miley Cyrus + Jose Mourinho + Arsene Wenger * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Crime * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron ally Alan Lewis's business empire funded by tax haven millions * Oct 06, 2013 00:00 * By Dominic Herbert * Share * Share * Tweet * +1 * Email Posh overcoat firm Crombie trades on its patriotic British image but there is a tangled web of offshore connections in the Caribbean Rich: Mr Lewis is worth £220m Rich: Mr Lewis is worth £220m Alan Davidson/The Picture Library Ltd Tory vice chairman Alan Lewis’s business empire has been funded by millions of pounds from a controversial offshore tax arrangement. The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. Phil Robertson Advised Men to Marry 15-Year-Old Girls Because They Will “Pick Your Ducks” * 2. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists The Bishops Avenue and the rich and poor Published at 12:01AM, December 31 2013 During the downturn there were more boarded-up properties on “Billionaire’s Row” than in rougher parts of Wolverhampton Ed is just one big step away from victory Published at 12:01AM, December 31 2013 If Labour backs Tory spending plans for the first part of the next parliament it will woo Middle England There are no easy prescriptions for local hospitals Published at 12:01AM, December 31 2013 You can’t have your NHS cake and eat it Here’s what you’ll miss by escaping Hogmanay Published at 12:01AM, December 31 2013 The Scottish referendum means this could be the United Kingdom’s last new year together Related topics: * Technology + Google Inc. 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. Since the launch of the iPhone in 2007, its cash pile has swollen from about $15bn to $137bn. The company parks most of its cash overseas, hidden from America’s Internal Revenue Service. Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Related Articles Related Articles * The worm has turned for Apple 27 January 2013 * Cameron tax blitz wins bosses’ vote 27 January 2013 * Revealed: Apple takes bigger bite out of tax bill 4 November 2012 * Apple downloads another $10bn 21 October 2012 * The Untaxables 30 September 2012 * Apple’s cash crisis (it’s got too much money) 5 August 2012 No script ads will arrive soon! 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May 2014 Be the End of Your Ages... + Dr Harry Hagopian Dr Harry Hagopian :2010-2013: Three Years in the Lifetime of a MENA Region View all featured blog posts Politics * Boris Johnson * Conservatives * Labour * Lib Dems * Ukip * Westminster * Mehdi's Morning Memo David Cameron Reaches Agreement With British 'Tax Havens' Like Jersey, Cayman Islands On Tax Evasion The Huffington Post UK | Posted: 15/06/2013 15:57 BST | Updated: 15/06/2013 15:57 BST reddit stumble Share on Google+ Get UK Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, David Cameron, Tax Avoidance, Tax Evasion, UK Politics, Enough Food For Everyone, G8, Guernsey, Jersey, Oxfam, Tax Havens, UK NEWS, UK Politics News British 'tax havens' like the Cayman Islands and Jersey have agreed to 'get their house in order' in a new deal on tax evasion secured by the Prime Minister ahead of the G8 summit. David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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View all RSS feeds * 1. 2. 3. uk-london24 William goes back to university to study agriculture at Cambridge New Year’s Eve and New Year’s Day London travel - Tube, Overground, rail New Year: Londoners most likely to still be over the limit at 10pm on January 1 More News at London24.com Search The Huffington Post_____ Search * Advertise | * * Make HuffPost your Home Page | * RSS | * Careers | * FAQ * User Agreement | * Privacy | * Cookie Policy | * Comment Policy | * About Us | * About Our Ads | * Contact Us * "The Huffington Post UK" is provided by AOL (UK) Limited. © 2013 AOL (UK) Limited its affiliates and licensors * Part of HuffPost Politics Quantcast HuffPost Lightbox IFRAME: //www.googletagmanager.com/ns.html?id=GTM-KJF4 * Jobs + Findajob.ie + Search Jobs + Advertise a Job + Upload CV + Career Advice + Education & Training * Cars + CarsIreland.ie + Used Car Search + Car Dealers * Homes + Globrix.ie + Buy Property + Rent Property + Advertise Properties * Deals + Grabone.ie + Dublin + Cork + Galway + Limerick + Kerry + South East + GrabOne Escapes + GrabOne Store * Dating + TheMeetingPoint.ie + Mature + Gay * Death Notices + Announcement.ie + Deaths + In Memoriam + Book a Notice * Book an Ad + Book a Print Ad + Book an Online Ad * Google+ * Facebook * Twitter independent Tuesday 31 December 2013 Icon Hi °C | Lo °C Change * Athlone * Bray * Cork * Drogheda * Dundalk * Galway * Kilkenny * Limerick * Navan * Waterford * News + Irish News o Courts o Irish abroad + World News o Europe o Americas o Middle East o Africa o Asia-Pacific + Opinion o Letters o Columnists o Editorial o Analysis o Comment + Local Papers + Weather o Upload your Weather photos Driving licence deal with Canadian cities on cards for 2014 FG to boost Labour's European bid with vote deal Bonuses on the way back for more public servants Pope Francis nominated for Tipperary peace award Two-thirds of staff not using up their holidays See the tree, how big it's grown - Ireland's king of the woods LONDON, ENGLAND - OCTOBER 16: Actor Michael Palin attends 'Life of Brian' was true, theologian swears on Bible * Sport + Soccer o Premier League o Champions League o League of Ireland + Gaelic Football + Hurling + Rugby o Autumn Internationals o Rabodirect PRO 12 o Heineken Cup + Golf + Horse Racing + Greyhounds + Other Sports o Cycling Contracts must be sorted sooner -- Gibbes The teacher's pets, class clowns and the ones who must do better United facing fierce fight to get hands on £20m Saints defender Shaw The good, the bad and the ugly of 2013 Penney ready to make tough calls Wenger still keen to snap up Madrid hitman Morata Rory McIlroy looks dejected The good, the bad and the ugly of 2013 * Business + The Budget + Irish + World + Technology o Gaming + Farming + Small Business + Media + Personal Finance o Latest News o Property & Mortgages o Pensions + Commercial Property Reward for investors as Irish bonds among top performers in the world Italian bank is urged to complete €3bn cash call Tax rates 'an impediment to entrepreneurs' It's music to their ears as royalties hit high of €32m Strong year for the ISE as index beats major markets Crocs sniff $200m investment boost Lead singer Bono of Irish rock band U2 performs a concert at the Olympic stadium in Turin...Lead singer Bono (C) of Irish rock band U2 performs a concert at the Olympic stadium in Turin, northern Italy August 6, 2010. U2 singer Bono is ready to rock after back surgery sidelined him for two months, and forced the band to postpone its North American tour by a year to May 2011. The Irish rockers began the second European leg of their It's music to their ears as royalties hit high of €32m * Woman + Celeb News + Photos + Videos + Fashion + Beauty + Diet & Fitness + Love & Sex + Horoscopes + Competitions New Year's resolutions you should be making New Year, New You' that's how the old adage usually goes, and with it comes a list of resolutions Daring to bare Supermodel Candice Swanepoel poses nude for Vogue Brazil The world's poshest friendship The Duchess of Cambridge has reportedly been bonding with Victoria Beckham over decorating LAS VEGAS, NV - DECEMBER 27: Singer Katy Perry attends the opening of Celebrity sightings * Entertainment + Movies + Music + TV & Radio + Going Out + Festivals o Upload your festival photos + Books & Arts + Competitions + Horoscopes + Lotto + Crosswords & Puzzles Netflix: 470 films and TV shows to vanish in January Queen's Brian May undergoes tests amid cancer fears Countdown to new year party begins Aniston, Bullock and Diaz team up for the 'mother of all comedies' [TICON-A VIDEO] Britney brings the circus to her two-year series of Vegas shows Idris Elba's long walk to stardom Beyonce had more than enough songs to choose from for her latest album Pop queen Beyoncé criticised over latest song * Lifestyle + Health o Eye Health o Mental Health + Mothers & Babies + Education + Food & Drink + Property & Homes + Motoring + Travel o Travel News o Inside Ireland o Destinations + ThreeTrending o News o Video + Christmas Why you just can't put down the crisps The silly list How to regift without getting caught The generation game 14 reasons to be cheerful in 2014 Joe O'Shea: I'm getting married in 10 days Christmas Tree and gift A single mum gives advice on Christmas * Videos * Photos Search ____________________ (BUTTON) Go Independent.ie› Business› Irish› Ireland not a tax haven, says OECD Comments * Email * Print * Font Size Pascal Saint-Amans /> Pascal Saint-Amans: keynote speaker at tax conference Peter Flanagan – 24 July 2013 IRELAND is not a tax haven, and there is little this country can do on its own to amend global tax laws, a senior OECD official said yesterday. Also in this section Strong year for the ISE as index beats major markets Firms seeking better phone deals Tax rates 'an impediment to entrepreneurs' Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size Stock market charts Data More in Irish (1 of 20 articles) Strong year for the ISE as index beats major markets Read More Also in this Section Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. 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(e.g. Galway, (BUTTON) Search Independent Shopping.ie Meet, chat and connect with singles in your area Independent Shopping.ie Meet Singles Now Findajob What (job title, ref Where_______________ (BUTTON) Search Apps Now available on * iPhone * Android * Breaking News * National * World * Sport * 02:02Outrage as Israel frees danger men * 01:47Rebel boss warned: We'll go for you * 01:07Plea to Obama over bomb probe death * 21:22Gardai appeal over gun murder * 20:42Wilkins returns to Fulham * 21:22Gardai appeal over gun murder * 16:22Fall in child offenders reported * 15:02Cancer sufferer backs TV campaign * 13:52Man charged after Andy Cole abused * 11:37Tourism sector sees solid progress * 02:02Outrage as Israel frees danger men * 01:47Rebel boss warned: We'll go for you * 01:07Plea to Obama over bomb probe death * 18:07Nigeria gunmen target Christians * 15:52Nikkei logs best year since 1972 * 20:42Wilkins returns to Fulham * 19:37Rodgers leaps to Suarez's defence * 19:37Hughes will not contest FA charge * 18:02Pulis eyes January bargains * 17:27Poyet sees key role for Fletcher Top Stories Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. Most Read 1. Irish man charged in connection with racial abuse of former Man Utd star Andy Cole 2. Schumacher 'fighting for his life' as he remains in induced coma 3. Death threats to pharmacy in nut tragedy row 4. ‘You’re a true gentleman.. I love you so much and I don’t know how I’m going to live without you’ 5. Suspects in Adrian Donohoe murder face being deported from US Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery EDINBURGH, SCOTLAND - DECEMBER 30: A man dressed as a Viking takes part in the torchlight procession as it makes its way through Edinburgh for the start of the Hogmanay celebrations on December 30, 2013 in Edinburgh, Scotland. Around 80,000 people are expected in the city for the traditional New Year celebrations, which run over three days. Tickets have been bought for the event by people from over sixty different countries. (Photo by Jeff J Mitchell/Getty Images) Vikings galore for Edinburgh's Hogmanay Your photos Send us your weather photos promo Celebrity News Bon Jovi's worldwide tour grossed 259.5 million dollars (£158m) this year Rockers give gross a good name Bon Jovi have rocked their way to become the top tour of 2013 and a career high. One Direction's Midnight Memories has been crowned the UK's top-selling album of 2013 Midnight Memories top-selling album One Direction's Midnight Memories has been crowned the UK's top-selling album of 2013. Lily Allen has explained why she turned her back on the showbiz lifestyle, insisting it was very different to what she expected. Lily Allen: I've turned my back on the 'f***ing celebrity Botoxed idiots' Lily Allen thought fame would be brilliant so was disappointed to find herself surrounded by “sterile f**king Botoxed idiots that stank of desperation”. 21/12/2013. Pictured is actress and model Olivia Treacy at the Shelbourne hotel. Photo: El Keegan Former Miss Ireland Olivia Treacy on ageing gracefully, mature modelling and LA life THE blonde may be gone, but the sleek, silver hair has come to be a niche and a selling point. 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The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People David Cameron Lynton Crosby See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Revolution on wheels Lancashire’s big City Drive drive to fuel £1bn growth Times Scotland Blue sky thinking Angus MacSween and the rapid advance of iomart More from Politics Anger as rail fares leave wages behind Published at 12:01AM, December 31 2013 Action for Rail says that while fares have gone up by almost 20 per cent under the coalition, average earnings have fallen Influx of 50,000 migrants ‘inevitable’ Last updated at 12:01AM, December 31 2013 Despite attempts to limit access to out-of-work benefits, Britain remains a magnet to such migrants, the report by MigrationWatch UK says Police told to explain undetected crimes Published at 12:01AM, December 31 2013 Crime figures are to be overhauled in an attempt to meet public concern that officers do not bother to investigate alleged offences fully Farage’s asylum call ‘not for Muslims’ Published at 12:01AM, December 31 2013 The UKIP leader said that while Syrian Muslims could seek shelter in Islamic countries, Christians had no such option Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 12AM 4°C 3AM 3°C 5-Day Forecast show ad * * * * * 0 shares * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters in string of incidents * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Body found in hunt for missing Manchester teenager Adam Pickup * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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[1351098709505441_p.jpg?cb=20131231] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131231] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131231] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131231] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131231] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131231] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131231] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131231] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131231] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131231] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... 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The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (98) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (5) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! 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Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! 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Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. World news * Ireland · * Europe Business * Tax avoidance · * Corporate governance Politics Technology * Apple · * Facebook More news * More on this story * Enda Kenny Ireland to exit EU-IMF bailout without precautionary line of credit In upbeat assessment of Irish economy, taoiseach says finance minister to travel to Brussels to tell EU of Republic's decision * Ireland quits IMF bailout: Kenny reaps political reward but is the wager risky? * Ireland announces more budget cuts despite recovery * Guardian Professional Austerity plans could see Ireland scrap 83 councils – but will it help? * Share * Tweet this * * * Email Today's best video * Palestinian activists stand near roses planted Palestinian mother remembers son Protester Bassem Ibrahim Abu Rahma, killed in 2009 by a teargas grenade, is remembered in Bil'in in the West Bank by a garden of flowers planted in used teargas canisters * A Shaman holds bunches of coca leaves Peru's shamans make 2014 predictions Diviners perform soothsaying ceremony for 2014 * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern feast Inspired by Syria and Lebanon, using low-cost ingredients * Car jumping 2013 championship in West Sussex - video Car jumping championship Drivers compete for 2013 jumping title in West Sussex GuardianWitness * Leon Crusoe with wife and daughter Which languages do you use? 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Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Palestinian activists stand near roses planted Palestinian mother remembers son Protester Bassem Ibrahim Abu Rahma, killed in 2009 by a teargas grenade, is remembered in Bil'in in the West Bank by a garden of flowers planted in used teargas canisters * A Shaman holds bunches of coca leaves Peru's shamans make 2014 predictions Diviners perform soothsaying ceremony for 2014 * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern feast Inspired by Syria and Lebanon, using low-cost ingredients * Car jumping 2013 championship in West Sussex - video Car jumping championship Drivers compete for 2013 jumping title in West Sussex GuardianWitness * Leon Crusoe with wife and daughter Which languages do you use? 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All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (0) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=6.0387114 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=6.0387114E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments78 2 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. Putting a price on your bill-paying laziness Contains: total comments74 3 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: 4 bernie brookes Myer says sorry for Boxing Day online shopping ... Contains: 5 Forge Group workers. 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Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. New Zealandâs cows come home in its own commodities boom 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Shares lift as weaker dollar helps miners 5. Gold set for biggest annual plunge in 30 years Most viewed articles on WA Today Top 5 Business articles 1. Myer says sorry for Boxing Day online shopping failure with free delivery 2. Gold set for biggest annual plunge in 30 years 3. Putting a price on your bill-paying laziness 4. New Zealandâs cows come home in its own commodities boom 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. 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Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (0) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=3.6978967E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=3.6978967E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments78 2 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. Putting a price on your bill-paying laziness Contains: total comments74 3 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: 4 bernie brookes Myer says sorry for Boxing Day online shopping ... Contains: 5 Forge Group workers. Forge denies takeover offer as shares rocket up 54pc Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=1;sz=149x170;tile=8;ord=3.6978967E7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=149x170;tile=9;ord=3.6978967E7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Where the super-rich will be in 2014 Megan Willett If you want to hang with the upper crust in 2014, here's a copy of the flight plan. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=300x250;tile=10;ord=3.6978967E7? Money mozo image for Money unit of Rainbow strip 0% intro rate cards for the silly season * Smh.com.au * Compare All Saving Accounts * Compare All Credit Cards * Compare All Home Loans Jobs Search for 1000's of jobs Search for 1000s of jobs around Australia * Mycareer.com.au * Search for a new job * Set up an email job alert * What are you worth? Real Estate Searching for property has never been easier Find your perfect property match now * Smh.com.au * Buy real estate * How much is my house worth? * Euro investors eye market Dating Couple in a piggyback pose Australia's Favourite Dating Site * Rsvp.com.au * Meet Sydney singles * Get started for free! * Singles events for all ages TheVine panties Why I hate the word 'panties' * Thevine.com.au * Entertainment & celebrity news * Latest fashion coverage * Music news and reviews Compare and Save Skip to: * Best Deals * Mobile * Broadband * Home Loans * Credit Cards * Low Rate Cards * Rewards Cards * Savings Accts * Term Deposits * Loans Check out today's best deals Virgin No Annual Fee [cs-virgin-no-annual-fee.png] $50 gift card offer until 14 Jan 2014. Conditions apply Find Out More Top Home Loans [cs-hl-trim.png] Trim $1000s off your mortgage. Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. New Zealandâs cows come home in its own commodities boom 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Shares lift as weaker dollar helps miners 5. Gold set for biggest annual plunge in 30 years Most viewed articles on WA Today Top 5 Business articles 1. Myer says sorry for Boxing Day online shopping failure with free delivery 2. Gold set for biggest annual plunge in 30 years 3. Putting a price on your bill-paying laziness 4. New Zealandâs cows come home in its own commodities boom 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Putting a price on your bill-paying laziness 3. Shares lift as weaker dollar helps miners 4. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? Subscribe to The Economist and get the week's most relevant news and analysis. * Comment (185) * Print * E-mail * Reprints & permissions * Advertisement Follow The Economist * Facebook * Twitter Follow @TheEconomist * Linked in Follow * Google plus * Tumblr Follow * Pinterest Follow * YouTube Follow * RSS RSS feeds by section & topic Excerpts from the print edition & blogs » * Mail Free e-mail newsletters Editor's Highlights, The World This Week, and more » Latest blog posts - All times are GMT [_0017_baobab.png] Madagascar's election: A nervous wait Baobab December 30th, 16:55 [_0020_east_approaches.png] Terrorism in Russia: A threat made real Eastern approaches December 30th, 15:41 [_0007_graphicdetail.png] Daily chart: Less is Moore Graphic detail December 30th, 12:05 [_0003_casandra.png] Transistors: Moore or less Cassandra December 30th, 11:43 [_0006_guliver.png] Airline food: Is airline food taking off? 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All rights reserved. * Accessibility * Privacy policy * Cookies info * Terms of use Quantcast #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 468 shares * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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[icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131231] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131231] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131231] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131231] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131231] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131231] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131231] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131231] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131231] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131231] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... 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Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the... * Comments (464) A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts. * Comments (6) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * SAM FAIERS Faier(s) play to her! Sam strips down to her bikini and shows off amazing body as she reveals she's lost more than a stone in weight Looks hot in pink * FERN BRITTON 'I ate too much, I slept too much... I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! Abbey Clancy dresses up as Miley Cyrus in THAT infamous outfit for Alan Carr's TV special No mistaking who's getting sent up * NINA AGDAL She's definitely Wanted! Max George's model girlfriend Nina Agdal sizzles as she hits the beach for a sexy swimwear shoot Smouldered in Mexico * Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Actress showed off the results of her strict running regime * ONE DIRECTION This Is Us... winning! One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? Now they're bombarding us from the ski slopes too as Pink leads the charge of smug 'snelfies' * PIXIE LOTT Snow bunny love: Pixie Lott and Oliver Cheshire cuddle up on the slopes as they prepare to spend New Year's Eve with her family in Chamonix * Madonna skiing Climb every mountain: Madonna takes on bunny slope as daughter Lourdes masters snowboarding on family trip to Switzerland Youngster's a natural * Sean Penn Forever buff! Sean Penn, 53, proves he's still a surfer dude at heart, 30 years on from his role in Fast Times at Ridgemont High Still got what it takes * GEMMA MERNA Getting that bikini body ready! A make-up free Gemma Merna heads to the gym as she gets in shape ahead of Splash debut Only a few days to go * Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs A Dynasty reunited! Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Body found in hunt for missing Manchester teenager Adam Pickup * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Part of the Milldam lead mine near Buxton in Derbyshire has caved-in overnight and swallowed a field as terrible weather continues to plague most of Britain. Downpours lead to 130ft-deep SINK-HOLE opening up in Derbyshire fields as forecasters warn wild weather will... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * Core skills trainer Anna Rushby tries out the fat suit which is being used at Peterborough City Hospital Cash-strapped NHS? Meet the hospital staff who wear a £1,000 fat suit to learn how obese patients feel * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Body found in hunt for missing Manchester teenager Adam Pickup * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Downpours lead to 130ft-deep SINK-HOLE opening up in Derbyshire fields as forecasters warn wild weather will continue for a month * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Women beat the men for the first time: Females in the new year's honours list outnumber men * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Robin Roberts' romantic getaway: GMA star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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Loading... * HuffPolitics Blog iOS app Android app More Log in Create Account * Notifications * + Profile + Settings + Logout December 30, 2013 politics Edition: U.S. * CA Canada * DE Deutschland * ES España * FR France * IT Italia * JP 日本 (Japan) * MG Maghreb * UK United Kingdom * US United States Follow Search The Huffingto Submit * FRONT PAGE * Politics + Former Mayor Injured, Husband Killed By Family Dog401 + Michelle Obama Congratulates Robin Roberts On Coming Out120 + Heavyweight GOP Donor Dies At 8286 + Cruz Taking Steps To Renounce Canadian Citizenship1.8k + Drones Could Be Coming To A State Near You474 + Go to Politics More in Politics + Pollster + Politics Blog + Off The Bus + Election Maps + Polls and Charts You might also like + World + Green + Black Voices + Latino Voices + Gay Voices * Biz + France Cleared To Impose Unbelievably High Tax On The Rich1.4k + PHOTO: WSJ Editor Finds Frog In Pret A Manger Salad41 + The Worst Product Flops of 2013131 + Paul Krugman Trolls Bitcoin Fans. 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LIVE + Tomorrow Dick Cavett & Musician Kyle Riabko LIVE + Go to HuffPost Live * ALL SECTIONS News + Politics + World + Business + Small Business + Money + Media + Sports + Education + Crime + Weird News + Good News Entertainment + Entertainment + Celebrity + Comedy + Arts & Culture + Books + TV Life & Style + Healthy Living + GPS for the Soul + Style + Home + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Code Voices + Women + Black Voices + Latino Voices + Voces (en español) + Gay Voices + Religion + College + Teen + Impact Local + Chicago + DC + Denver + Detroit + Hawaii + Los Angeles + Miami + New York + San Francisco Our Mobile Apps + iOS App + HuffPost Live iOS + Android App Politics * Pollster * Elections 2014 * 2016 * Eat The Press * HuffPost Hill * CPI * Radley Balko's The Agitator * Third Metric * Howard Fineman's Political Read Shahien Nasiripour Shahien Nasiripour Become a fan shahien@huffingtonpost.com Christina Wilkie Christina Wilkie Become a fan christina.wilkie@huffingtonpost.com Paul Blumenthal Paul Blumenthal Become a fan paulblumenthal@huffingtonpost.com Offshore Tax-Haven Data Made Public As Companies Brace For Scrutiny Posted: 06/14/2013 10:00 pm EDT | Updated: 06/17/2013 12:29 pm EDT reddit stumble Share on Google+ Get Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, Apple, Video, Deutsche Bank, Tax Evasion, Corporate Taxes, Offshore Tax Haven, Offshore Tax Havens, Tax Havens, Tim Cook, Ubs, Politics News WASHINGTON -- The International Consortium of Investigative Journalists (ICIJ) on Friday made public what it calls the most extensive collection of records on offshore accounts in history, encouraging sleuths to ferret out possible tax evasion. The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. 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(MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 452k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... [s-OFFSHORE-TAX-mini.jpg?6] Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public... [s-PAKISTAN-mini.jpg?6] Gunmen Take Over Hospital In Southwestern Pakistan QUETTA, Pakistan — Pakistani forces stormed a hospital that had been taken over by gunmen Saturday in a restive southwestern province, freeing hostages and ending... [s-TAX-HAVENS-CANADA-mini.jpg?6] Secret Tax-Haven Names Released To Public A glimpse at an enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Tuesday 31 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Seahawks show `championship poise' and refuse to stoop to Rams' level | Larry Stone 2. UW interim coach Marques Tuiasosopo joining USC 3. Seahawks, NFC West champs and No. 1 seed, have cause to celebrate | Jerry Brewer 4. 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend… put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... [favicon.ico] Tax-haven data leak reveals an eclectic mix of Canadians [favicon.ico] Europe's Vanishing Tax Havens [favicon.ico] Transparency and tax havens Filed by Daniel Tencer | SOCIAL NEWS FOLLOW US * Facebook * Twitter * Apple * Android * Email * Rss Connect with your friends Check out stories you might like, and see what your friends are sharing! 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Retail Pot Locations * Cold Cases Blog * The Fire Line * Brock Osweiler * Adam Gase * NYE Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Kipling Street closed in Arvada due to gas leak Colorado marijuana-tracking system won't include all plants on Jan. 1 Life support extended for girl declared brain dead The Cannabist: Meet the Denver Post's new marijuana site Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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The Bottom Line * Celebrities * Culture * Oddities * Comedy * Good News * Comics * Games * Advice * Polls __________________________________________________________________ Blogs <> Privacy Policy | Terms of Use | MNG Corporate Site Map | Copyright [MNG_footerGraphic.jpg] IFRAME: //s.thebrighttag.com/iframe?c=sfWGaRL #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + The Queen + Prince William + Kate Middleton, Duchess of Cambridge + Andy Murray + Madeleine Mccann Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Richard Hammond + Jeremy Clarkson + Jose Mourinho Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston + Courteney Cox + Harry Styles Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Michelle Keegan + Chris Gascoyne + Sherlock Holmes Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Duchess of York + Sarah Ferguson + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Anderson Silva + Miley Cyrus + Jose Mourinho + Arsene Wenger * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Crime * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron ally Alan Lewis's business empire funded by tax haven millions * Oct 06, 2013 00:00 * By Dominic Herbert * Share * Share * Tweet * +1 * Email Posh overcoat firm Crombie trades on its patriotic British image but there is a tangled web of offshore connections in the Caribbean Rich: Mr Lewis is worth £220m Rich: Mr Lewis is worth £220m Alan Davidson/The Picture Library Ltd Tory vice chairman Alan Lewis’s business empire has been funded by millions of pounds from a controversial offshore tax arrangement. The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. Phil Robertson Advised Men to Marry 15-Year-Old Girls Because They Will “Pick Your Ducks” * 2. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists The Bishops Avenue and the rich and poor Published at 12:01AM, December 31 2013 During the downturn there were more boarded-up properties on “Billionaire’s Row” than in rougher parts of Wolverhampton Ed is just one big step away from victory Published at 12:01AM, December 31 2013 If Labour backs Tory spending plans for the first part of the next parliament it will woo Middle England There are no easy prescriptions for local hospitals Published at 12:01AM, December 31 2013 You can’t have your NHS cake and eat it Here’s what you’ll miss by escaping Hogmanay Published at 12:01AM, December 31 2013 The Scottish referendum means this could be the United Kingdom’s last new year together Related topics: * Technology + Google Inc. 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. Since the launch of the iPhone in 2007, its cash pile has swollen from about $15bn to $137bn. The company parks most of its cash overseas, hidden from America’s Internal Revenue Service. Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Related Articles Related Articles * The worm has turned for Apple 27 January 2013 * Cameron tax blitz wins bosses’ vote 27 January 2013 * Revealed: Apple takes bigger bite out of tax bill 4 November 2012 * Apple downloads another $10bn 21 October 2012 * The Untaxables 30 September 2012 * Apple’s cash crisis (it’s got too much money) 5 August 2012 No script ads will arrive soon! 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May 2014 Be the End of Your Ages... + Dr Harry Hagopian Dr Harry Hagopian :2010-2013: Three Years in the Lifetime of a MENA Region View all featured blog posts Politics * Boris Johnson * Conservatives * Labour * Lib Dems * Ukip * Westminster * Mehdi's Morning Memo David Cameron Reaches Agreement With British 'Tax Havens' Like Jersey, Cayman Islands On Tax Evasion The Huffington Post UK | Posted: 15/06/2013 15:57 BST | Updated: 15/06/2013 15:57 BST reddit stumble Share on Google+ Get UK Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, David Cameron, Tax Avoidance, Tax Evasion, UK Politics, Enough Food For Everyone, G8, Guernsey, Jersey, Oxfam, Tax Havens, UK NEWS, UK Politics News British 'tax havens' like the Cayman Islands and Jersey have agreed to 'get their house in order' in a new deal on tax evasion secured by the Prime Minister ahead of the G8 summit. David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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View all RSS feeds * 1. 2. 3. uk-london24 William goes back to university to study agriculture at Cambridge New Year’s Eve and New Year’s Day London travel - Tube, Overground, rail New Year: Londoners most likely to still be over the limit at 10pm on January 1 More News at London24.com Search The Huffington Post_____ Search * Advertise | * * Make HuffPost your Home Page | * RSS | * Careers | * FAQ * User Agreement | * Privacy | * Cookie Policy | * Comment Policy | * About Us | * About Our Ads | * Contact Us * "The Huffington Post UK" is provided by AOL (UK) Limited. © 2013 AOL (UK) Limited its affiliates and licensors * Part of HuffPost Politics Quantcast HuffPost Lightbox IFRAME: //www.googletagmanager.com/ns.html?id=GTM-KJF4 * Jobs + Findajob.ie + Search Jobs + Advertise a Job + Upload CV + Career Advice + Education & Training * Cars + CarsIreland.ie + Used Car Search + Car Dealers * Homes + Globrix.ie + Buy Property + Rent Property + Advertise Properties * Deals + Grabone.ie + Dublin + Cork + Galway + Limerick + Kerry + South East + GrabOne Escapes + GrabOne Store * Dating + TheMeetingPoint.ie + Mature + Gay * Death Notices + Announcement.ie + Deaths + In Memoriam + Book a Notice * Book an Ad + Book a Print Ad + Book an Online Ad * Google+ * Facebook * Twitter independent Tuesday 31 December 2013 Icon Hi °C | Lo °C Change * Athlone * Bray * Cork * Drogheda * Dundalk * Galway * Kilkenny * Limerick * Navan * Waterford * News + Irish News o Courts o Irish abroad + World News o Europe o Americas o Middle East o Africa o Asia-Pacific + Opinion o Letters o Columnists o Editorial o Analysis o Comment + Local Papers + Weather o Upload your Weather photos Driving licence deal with Canadian cities on cards for 2014 FG to boost Labour's European bid with vote deal Bonuses on the way back for more public servants Pope Francis nominated for Tipperary peace award Two-thirds of staff not using up their holidays See the tree, how big it's grown - Ireland's king of the woods LONDON, ENGLAND - OCTOBER 16: Actor Michael Palin attends 'Life of Brian' was true, theologian swears on Bible * Sport + Soccer o Premier League o Champions League o League of Ireland + Gaelic Football + Hurling + Rugby o Autumn Internationals o Rabodirect PRO 12 o Heineken Cup + Golf + Horse Racing + Greyhounds + Other Sports o Cycling Contracts must be sorted sooner -- Gibbes The teacher's pets, class clowns and the ones who must do better United facing fierce fight to get hands on £20m Saints defender Shaw The good, the bad and the ugly of 2013 Penney ready to make tough calls Wenger still keen to snap up Madrid hitman Morata Rory McIlroy looks dejected The good, the bad and the ugly of 2013 * Business + The Budget + Irish + World + Technology o Gaming + Farming + Small Business + Media + Personal Finance o Latest News o Property & Mortgages o Pensions + Commercial Property Reward for investors as Irish bonds among top performers in the world Italian bank is urged to complete €3bn cash call Tax rates 'an impediment to entrepreneurs' It's music to their ears as royalties hit high of €32m Strong year for the ISE as index beats major markets Crocs sniff $200m investment boost Lead singer Bono of Irish rock band U2 performs a concert at the Olympic stadium in Turin...Lead singer Bono (C) of Irish rock band U2 performs a concert at the Olympic stadium in Turin, northern Italy August 6, 2010. U2 singer Bono is ready to rock after back surgery sidelined him for two months, and forced the band to postpone its North American tour by a year to May 2011. The Irish rockers began the second European leg of their It's music to their ears as royalties hit high of €32m * Woman + Celeb News + Photos + Videos + Fashion + Beauty + Diet & Fitness + Love & Sex + Horoscopes + Competitions New Year's resolutions you should be making New Year, New You' that's how the old adage usually goes, and with it comes a list of resolutions Daring to bare Supermodel Candice Swanepoel poses nude for Vogue Brazil The world's poshest friendship The Duchess of Cambridge has reportedly been bonding with Victoria Beckham over decorating LAS VEGAS, NV - DECEMBER 27: Singer Katy Perry attends the opening of Celebrity sightings * Entertainment + Movies + Music + TV & Radio + Going Out + Festivals o Upload your festival photos + Books & Arts + Competitions + Horoscopes + Lotto + Crosswords & Puzzles Netflix: 470 films and TV shows to vanish in January Queen's Brian May undergoes tests amid cancer fears Countdown to new year party begins Aniston, Bullock and Diaz team up for the 'mother of all comedies' [TICON-A VIDEO] Britney brings the circus to her two-year series of Vegas shows Idris Elba's long walk to stardom Beyonce had more than enough songs to choose from for her latest album Pop queen Beyoncé criticised over latest song * Lifestyle + Health o Eye Health o Mental Health + Mothers & Babies + Education + Food & Drink + Property & Homes + Motoring + Travel o Travel News o Inside Ireland o Destinations + ThreeTrending o News o Video + Christmas Why you just can't put down the crisps The silly list How to regift without getting caught The generation game 14 reasons to be cheerful in 2014 Joe O'Shea: I'm getting married in 10 days Christmas Tree and gift A single mum gives advice on Christmas * Videos * Photos Search ____________________ (BUTTON) Go Independent.ie› Business› Irish› Ireland not a tax haven, says OECD Comments * Email * Print * Font Size Pascal Saint-Amans /> Pascal Saint-Amans: keynote speaker at tax conference Peter Flanagan – 24 July 2013 IRELAND is not a tax haven, and there is little this country can do on its own to amend global tax laws, a senior OECD official said yesterday. Also in this section Strong year for the ISE as index beats major markets Firms seeking better phone deals Tax rates 'an impediment to entrepreneurs' Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size Stock market charts Data More in Irish (1 of 20 articles) Strong year for the ISE as index beats major markets Read More Also in this Section Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. 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(e.g. Galway, (BUTTON) Search Independent Shopping.ie Meet, chat and connect with singles in your area Independent Shopping.ie Meet Singles Now Findajob What (job title, ref Where_______________ (BUTTON) Search Apps Now available on * iPhone * Android * Breaking News * National * World * Sport * 02:02Outrage as Israel frees danger men * 01:47Rebel boss warned: We'll go for you * 01:07Plea to Obama over bomb probe death * 21:22Gardai appeal over gun murder * 20:42Wilkins returns to Fulham * 21:22Gardai appeal over gun murder * 16:22Fall in child offenders reported * 15:02Cancer sufferer backs TV campaign * 13:52Man charged after Andy Cole abused * 11:37Tourism sector sees solid progress * 02:02Outrage as Israel frees danger men * 01:47Rebel boss warned: We'll go for you * 01:07Plea to Obama over bomb probe death * 18:07Nigeria gunmen target Christians * 15:52Nikkei logs best year since 1972 * 20:42Wilkins returns to Fulham * 19:37Rodgers leaps to Suarez's defence * 19:37Hughes will not contest FA charge * 18:02Pulis eyes January bargains * 17:27Poyet sees key role for Fletcher Top Stories Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. Most Read 1. Irish man charged in connection with racial abuse of former Man Utd star Andy Cole 2. Schumacher 'fighting for his life' as he remains in induced coma 3. Death threats to pharmacy in nut tragedy row 4. ‘You’re a true gentleman.. I love you so much and I don’t know how I’m going to live without you’ 5. Suspects in Adrian Donohoe murder face being deported from US Daily Deals IFRAME: http://ie-main.cdn.grabone.com/advert/custom/dublin/serve-for/independe nt-ie/width/300/height/276 Independent Gallery EDINBURGH, SCOTLAND - DECEMBER 30: A man dressed as a Viking takes part in the torchlight procession as it makes its way through Edinburgh for the start of the Hogmanay celebrations on December 30, 2013 in Edinburgh, Scotland. Around 80,000 people are expected in the city for the traditional New Year celebrations, which run over three days. Tickets have been bought for the event by people from over sixty different countries. (Photo by Jeff J Mitchell/Getty Images) Vikings galore for Edinburgh's Hogmanay Your photos Send us your weather photos promo Celebrity News Bon Jovi's worldwide tour grossed 259.5 million dollars (£158m) this year Rockers give gross a good name Bon Jovi have rocked their way to become the top tour of 2013 and a career high. One Direction's Midnight Memories has been crowned the UK's top-selling album of 2013 Midnight Memories top-selling album One Direction's Midnight Memories has been crowned the UK's top-selling album of 2013. Lily Allen has explained why she turned her back on the showbiz lifestyle, insisting it was very different to what she expected. Lily Allen: I've turned my back on the 'f***ing celebrity Botoxed idiots' Lily Allen thought fame would be brilliant so was disappointed to find herself surrounded by “sterile f**king Botoxed idiots that stank of desperation”. 21/12/2013. Pictured is actress and model Olivia Treacy at the Shelbourne hotel. Photo: El Keegan Former Miss Ireland Olivia Treacy on ageing gracefully, mature modelling and LA life THE blonde may be gone, but the sleek, silver hair has come to be a niche and a selling point. LONDON, UNITED KINGDOM - DECEMBER 05: Sarah Harding attends the Cosmopolitan Ultimate Women of the Year Awards at Victoria & Albert Museum on December 5, 2013 in London, England. (Photo by Stuart C. Wilson/Getty Images) Girls Aloud's Sarah Harding throws Twitter tantrum at 'tiny minds' Singer Sarah Harding has hit back at her critics, while her Voice of Ireland co-star Bressie soaks up the sun in Lanzarote. Ryan Phillippe's model romance heating up Ryan Phillippe is reportedly getting “serious” with his girlfriend. Iron Man 3 - starring Don Cheadle, Rebecca Hall, Sir Ben Kingsley and Robert Downey Jr - is the biggest grossing film of 2013 Iron Man 3 makes most money of 2013 Iron Man 3 has been named the highest-grossing film of 2013. Lynda Carter played Wonder Woman in the 1970s series Carter: Wonder Woman was thrilling Lynda Carter has revealed she never tried to play Wonder Woman as a sex symbol. 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See our Privacy & Cookie Policy * News + Irish News + World News + Opinion + Local Papers + Weather * Business + Irish + World + Technology + Farming + Personal Finance * Sport + Soccer + Gaelic Football + Hurling + Rugby + Golf + Horse Racing + Other Sports * Entertainment + TV & Radio + Movies + Music + Going Out + Competitions + Horoscopes + Lotto * Woman * Lifestyle * Photos * Videos * Jobs * Property * Directory * Cars Social * Follow us on Facebook * Follow us on Twitter * Add us on google+ * Download our iPhone app * Download our Android app * Subscribe to our newsletters * Sitemap * Contact Us * Terms & Conditions * Privacy Statement * Advertise with Us * Group Websites Search ____________________ (BUTTON) Go Irish Independent © Independent.ie Logo Inm A * News * Sport * Business * Woman * Entertainment * Lifestyle * Videos * Photos * Google+ * Facebook * Twitter one pixel graphics Powered by the Parse.ly Publisher Platform (P3). #Default home feed publisher Mirror News Real news, real entertainment . . . in real time How we use cookies * Front page * News + Latest News + UK News + Weird News + Technology & Science + Real Life Stories + World news + Crime Trending Today + The Queen + Prince William + Kate Middleton, Duchess of Cambridge + Andy Murray + Madeleine Mccann Popular this week + Michael Schumacher + Mirror Christmas appeal + Nigella Lawson + Politics + Crime * Sport + Latest Sport + Football + Formula 1 + Boxing + Tennis + Rugby Union + Rugby League + Cricket + Golf + Horse racing + Other Sports + Fantasy Football Trending Today + Michael Schumacher + Anderson Silva + Richard Hammond + Jeremy Clarkson + Jose Mourinho Popular this week + Michael Schumacher ski accident + Nicolas Anelka + The Ashes + Jose Mourinho * 3am + Latest 3am + Celebrity News + US gossip + Style + TV & film news + Weird celeb news Trending Today + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston + Courteney Cox + Harry Styles Popular this week + Paul Walker + Tom Daley + Miley Cyrus + Harry Styles + One Direction * TV + Latest TV + TV News + TV Previews + TV Reviews Trending Today + Benedict Cumberbatch + Martin Freeman + Michelle Keegan + Chris Gascoyne + Sherlock Holmes Popular this week + Christmas TV + Sherlock + Coronation Street + Doctor Who + EastEnders * Lifestyle + Latest Lifestyle + Health + Horoscopes + Staying in + Going out + Sex & Relationships + Dieting + Cartoons + Family + Gardening + Travel + Motoring + Trending Today + Duchess of York + Sarah Ferguson + Russell Grant + Miranda Kerr + Jennifer Aniston Popular this week + Coronation Street + EastEnders + Emmerdale * Money + Latest Money + City News + Personal finance + Jobs + Quids In Popular this week + ISAs + Energy + Mortgages + Credit cards + Current accounts + Cheap insurance * Play + Latest Play + Crosswords + Sudoku + Competitions + Poker + Bingo Trending Today + Michael Schumacher + Anderson Silva + Miley Cyrus + Jose Mourinho + Arsene Wenger * Opinion + Latest Opinion + News Opinion + Sport Opinion + 3am Opinion + Lifestyle Opinion Trending Today + Michael Schumacher + Anderson Silva + Catherine Zeta-Jones + Michael Douglas + Jennifer Aniston Popular this week + Bedroom tax + George Osborne + Paul Gascoigne + Harry Styles girlfriend + Weather Search: Please provide search keyword(s) Search ____________________ * Home * News * UK News * Politics * Your Account + Edit Profile + Logout sponsorshipBar advertisement David Cameron's election guru Lynton Crosby uses mysterious offshore tax haven * Oct 03, 2013 00:00 * By Nick Sommerlad * 0 Comments * Share * Share * Tweet * +1 * Email Our investigation will cause acute embarrassment to the Prime Minister, who has described legal ploys to avoid tax as “morally wrong” Tory guru: Lynton Crosby Tory guru: Lynton Crosby Julian Hamilton David Cameron’s election guru owns and runs a mysterious offshore company in Malta, the Mirror can reveal. The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People Lynton Crosby David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Revolution on wheels Lancashire’s big City Drive drive to fuel £1bn growth Times Scotland Blue sky thinking Angus MacSween and the rapid advance of iomart More from Politics Anger as rail fares leave wages behind Published at 12:01AM, December 31 2013 Action for Rail says that while fares have gone up by almost 20 per cent under the coalition, average earnings have fallen Influx of 50,000 migrants ‘inevitable’ Last updated at 12:01AM, December 31 2013 Despite attempts to limit access to out-of-work benefits, Britain remains a magnet to such migrants, the report by MigrationWatch UK says Police told to explain undetected crimes Published at 12:01AM, December 31 2013 Crime figures are to be overhauled in an attempt to meet public concern that officers do not bother to investigate alleged offences fully Farage’s asylum call ‘not for Muslims’ Published at 12:01AM, December 31 2013 The UKIP leader said that while Syrian Muslims could seek shelter in Islamic countries, Christians had no such option Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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[btn_add-your-comment.png] [icon_comments_74.png] Comments (19) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [1351098709505441_p.jpg?cb=20131231] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131231] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131231] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131231] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131231] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131231] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131231] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131231] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131231] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131231] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... We asked six people to talk frankly about their health; Dr Gideon Paul, a physician and consultant cardiologist then predicted their life... * Comments (46) TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws Home Office figures show that since round-the-clock opening was introduced, more than one hundred town centres have been overrun by problem... * Comments (234) A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters... In the last year there have been 594 incidents, with 57 councils in England reporting students being temporarily or permanently excluded for... * Comments (18) TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting... Not only is she said to be worth millions but she also has a choice of three homes to retreat to. So Kirstie Allsopp probably should have... * Comments (409) Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the... The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (124) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (14) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK Almost all flights from Romania to England are full - even though one airline doubled the number to meet demand - with one-way tickets... * Comments (226) Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has... The Tory Party will publish draft legislation over the 'next few months' to rein in the influence of the Strasbourg court, the Justice... * Comments (18) Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music... Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the... * Comments (464) A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts. * Comments (6) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * SAM FAIERS Faier(s) play to her! Sam strips down to her bikini and shows off amazing body as she reveals she's lost more than a stone in weight Looks hot in pink * FERN BRITTON 'I ate too much, I slept too much... 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One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? 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The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! 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Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. 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All rights reserved. * Share * Tweet this * * Quantcast #publisher World news RSS feed G8 RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed David Cameron RSS feed Economics on Monday RSS feed Economics blog RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * G8 Economics blog badge * Next * Previous * Blog home G8 deal on tax havens a long way off Western leaders are unlikely to deliver anything comprehensive now – but the fact they are discussing the issue is progress * Share * Tweet this * * [pin_it_button.png] * * Email Campaigners dressed as businessmen at a protest in London Campaigners dressed as businessmen at a protest in London calling for a crackdown on tax havens before the G8 summit in Northern Ireland. Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Palestinian activists stand near roses planted Palestinian mother remembers son Protester Bassem Ibrahim Abu Rahma, killed in 2009 by a teargas grenade, is remembered in Bil'in in the West Bank by a garden of flowers planted in used teargas canisters * A Shaman holds bunches of coca leaves Peru's shamans make 2014 predictions Diviners perform soothsaying ceremony for 2014 * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern feast Inspired by Syria and Lebanon, using low-cost ingredients * Car jumping 2013 championship in West Sussex - video Car jumping championship Drivers compete for 2013 jumping title in West Sussex GuardianWitness * Leon Crusoe with wife and daughter Which languages do you use? 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All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (0) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=6.7761743 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=6.7761743E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments78 2 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. Putting a price on your bill-paying laziness Contains: total comments90 3 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: 4 bernie brookes Myer says sorry for Boxing Day online shopping ... Contains: 5 Forge Group workers. Forge denies takeover offer as shares rocket up 54pc Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=1;sz=149x170;tile=8;ord=6.7761743E 7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=2;sz=149x170;tile=9;ord=6.7761743E 7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Where the super-rich will be in 2014 Megan Willett If you want to hang with the upper crust in 2014, here's a copy of the flight plan. 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Gold set for biggest annual plunge in 30 years 3. Putting a price on your bill-paying laziness 4. New Zealandâs cows come home in its own commodities boom 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Putting a price on your bill-paying laziness 3. Shares lift as weaker dollar helps miners 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. 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Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=5.1849776E7? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=5.1849776E7? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105 billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News New Zealandâs cows come home in its own commodities ... Contains: total comments78 2 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. Putting a price on your bill-paying laziness Contains: total comments90 3 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: 4 bernie brookes Myer says sorry for Boxing Day online shopping ... Contains: 5 Forge Group workers. Forge denies takeover offer as shares rocket up 54pc Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=1;sz=149x170;tile=8;ord=5.1849776E7? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=149x170;tile=9;ord=5.1849776E7? Special offers Powered by Mozo IFRAME: http://mozo-widgets.f2.com.au/widgets/multiwidget3/SMH/FM-BUSINESS View these special offers by Mozo. Executive Style (BUTTON) More * Travel * Motors * Culture * Luxury * Management * Fitness Where the super-rich will be in 2014 Megan Willett If you want to hang with the upper crust in 2014, here's a copy of the flight plan. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=300x250;tile=10;ord=5.1849776E7? 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Conditions apply Find Out More Top Home Loans [cs-hl-trim.png] Trim $1000s off your mortgage. Compare home loans & save Compare Now Cheap Personal Loans [cs-pl-generic-neon.png] Borrow money on the cheap with loans from 6.99% p.a. Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. New Zealandâs cows come home in its own commodities boom 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Shares lift as weaker dollar helps miners 5. Gold set for biggest annual plunge in 30 years Most viewed articles on WA Today Top 5 Business articles 1. Myer says sorry for Boxing Day online shopping failure with free delivery 2. Gold set for biggest annual plunge in 30 years 3. Putting a price on your bill-paying laziness 4. New Zealandâs cows come home in its own commodities boom 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. New Zealandâs cows come home in its own commodities boom 4. Shares lift as weaker dollar helps miners 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Putting a price on your bill-paying laziness 4. Shares lift as weaker dollar helps miners 5. Crocs CEO departs with private equity bailout as popularity slides Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. New Zealandâs cows come home in its own commodities boom 2. Putting a price on your bill-paying laziness 3. Shares lift as weaker dollar helps miners 4. Myer says sorry for Boxing Day online shopping failure with free delivery 5. 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Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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Flights and buses full as Romanians and Bulgarians... * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London... * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for... * Grim start: Commuters, pictured on London bridge, returned to work in their droves today but bad weather and engineering works have scuppered their journeys today 130ft-deep SINK-HOLE opens up in sodden Derbyshire fields as... * Paedophile Lloyd Breach Jeremy Kyle show paedophile ‘could have been caught five... * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new... [icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131231] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131231] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131231] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131231] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131231] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131231] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131231] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131231] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131231] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131231] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... We asked six people to talk frankly about their health; Dr Gideon Paul, a physician and consultant cardiologist then predicted their life... * Comments (46) TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws Home Office figures show that since round-the-clock opening was introduced, more than one hundred town centres have been overrun by problem... * Comments (234) A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters... In the last year there have been 594 incidents, with 57 councils in England reporting students being temporarily or permanently excluded for... * Comments (18) TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting... Not only is she said to be worth millions but she also has a choice of three homes to retreat to. So Kirstie Allsopp probably should have... * Comments (409) Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the... The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (124) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (14) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK Almost all flights from Romania to England are full - even though one airline doubled the number to meet demand - with one-way tickets... * Comments (226) Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has... The Tory Party will publish draft legislation over the 'next few months' to rein in the influence of the Strasbourg court, the Justice... * Comments (18) Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music... Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the... * Comments (464) A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts. * Comments (6) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * SAM FAIERS Faier(s) play to her! Sam strips down to her bikini and shows off amazing body as she reveals she's lost more than a stone in weight Looks hot in pink * FERN BRITTON 'I ate too much, I slept too much... I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! Abbey Clancy dresses up as Miley Cyrus in THAT infamous outfit for Alan Carr's TV special No mistaking who's getting sent up * NINA AGDAL She's definitely Wanted! Max George's model girlfriend Nina Agdal sizzles as she hits the beach for a sexy swimwear shoot Smouldered in Mexico * Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Actress showed off the results of her strict running regime * ONE DIRECTION This Is Us... winning! One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? Now they're bombarding us from the ski slopes too as Pink leads the charge of smug 'snelfies' * PIXIE LOTT Snow bunny love: Pixie Lott and Oliver Cheshire cuddle up on the slopes as they prepare to spend New Year's Eve with her family in Chamonix * Madonna skiing Climb every mountain: Madonna takes on bunny slope as daughter Lourdes masters snowboarding on family trip to Switzerland Youngster's a natural * Sean Penn Forever buff! Sean Penn, 53, proves he's still a surfer dude at heart, 30 years on from his role in Fast Times at Ridgemont High Still got what it takes * GEMMA MERNA Getting that bikini body ready! A make-up free Gemma Merna heads to the gym as she gets in shape ahead of Splash debut Only a few days to go * Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs A Dynasty reunited! Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night... * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Part of the Milldam lead mine near Buxton in Derbyshire has caved-in overnight and swallowed a field as terrible weather continues to plague most of Britain. 130ft-deep SINK-HOLE opens up in sodden Derbyshire fields as forecasters warn wild, wild weather will... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * Core skills trainer Anna Rushby tries out the fat suit which is being used at Peterborough City Hospital Cash-strapped NHS? Meet the hospital staff who wear a £1,000 fat suit to learn how obese patients feel * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * 130ft-deep SINK-HOLE opens up in sodden Derbyshire fields as forecasters warn wild, wild weather will continue for a MONTH * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Women beat the men for the first time: Females in the new year's honours list outnumber men * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Robin Roberts' romantic getaway: GMA star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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LIVE + Tomorrow Dick Cavett & Musician Kyle Riabko LIVE + Go to HuffPost Live * ALL SECTIONS News + Politics + World + Business + Small Business + Money + Media + Sports + Education + Crime + Weird News + Good News Entertainment + Entertainment + Celebrity + Comedy + Arts & Culture + Books + TV Life & Style + Healthy Living + GPS for the Soul + Style + Home + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Code Voices + Women + Black Voices + Latino Voices + Voces (en español) + Gay Voices + Religion + College + Teen + Impact Local + Chicago + DC + Denver + Detroit + Hawaii + Los Angeles + Miami + New York + San Francisco Our Mobile Apps + iOS App + HuffPost Live iOS + Android App Politics * Pollster * Elections 2014 * 2016 * Eat The Press * HuffPost Hill * CPI * Radley Balko's The Agitator * Third Metric * Howard Fineman's Political Read Shahien Nasiripour Shahien Nasiripour Become a fan shahien@huffingtonpost.com Christina Wilkie Christina Wilkie Become a fan christina.wilkie@huffingtonpost.com Paul Blumenthal Paul Blumenthal Become a fan paulblumenthal@huffingtonpost.com Offshore Tax-Haven Data Made Public As Companies Brace For Scrutiny Posted: 06/14/2013 10:00 pm EDT | Updated: 06/17/2013 12:29 pm EDT reddit stumble Share on Google+ Get Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, Apple, Video, Deutsche Bank, Tax Evasion, Corporate Taxes, Offshore Tax Haven, Offshore Tax Havens, Tax Havens, Tim Cook, Ubs, Politics News WASHINGTON -- The International Consortium of Investigative Journalists (ICIJ) on Friday made public what it calls the most extensive collection of records on offshore accounts in history, encouraging sleuths to ferret out possible tax evasion. The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. (AP Photo/John Raoux) * Georgia State Capitol (Atlanta) Pictured on Tuesday, November 13, 2007. (Photo by Jessica McGowan/Getty Images) * Hawaii State Capitol (Honolulu) * Idaho State Capitol (Boise, Idaho) Pictured on Monday, Jan. 14, 2008. (Ned Dishman/NBAE via Getty Images) * Illinois State Capitol (Springfield, Ill.) Pictured on Tuesday, Sept. 21, 2004. (AP Photo/Seth Perlman) * Indiana State Capitol (Indianapolis) Pictured on Saturday, Feb. 4, 2012. (Photo by Jeff Gross/Getty Images) * Iowa State Capitol (Des Moines, Iowa) Pictured on Wednesday, Aug. 10, 2011. (Photo by Chip Somodevilla/Getty Images) * Kansas State Capitol (Topeka, Kan.) Pictured on Thursday, April 15, 2010. (AP Photo/Orlin Wagner) * Kentucky State Capitol (Frankfort, Ky.) Pictured on Wednesday, April 12, 2006. (AP Photo/James Crisp) * Louisiana State Capitol (Baton Rouge, La.) Pictured on Monday, Jan. 14, 2008. (Matthew HINTON/AFP/Getty Images) * Maine State Capitol (Augusta, Me.) 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(MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 452k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... [s-OFFSHORE-TAX-mini.jpg?6] Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public... [s-PAKISTAN-mini.jpg?6] Gunmen Take Over Hospital In Southwestern Pakistan QUETTA, Pakistan — Pakistani forces stormed a hospital that had been taken over by gunmen Saturday in a restive southwestern province, freeing hostages and ending... [s-TAX-HAVENS-CANADA-mini.jpg?6] Secret Tax-Haven Names Released To Public A glimpse at an enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Tuesday 31 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. Manchester City * Sport >> * Football >> * Premier League >> * Football News >> * Mark Ogden >> In football >> Fulham v Arsenal - Premier League action: in pictures Premier League action Related Partners * Manchester City Tickets In Manchester City David Silva - David Silva should be fit to play against Bayern Munich, says Manchester City manager Manuel Pellegrini Manchester City Fixtures 2013/14 Rio Ferdinand and Michael Carrick celebrate winning the Premier League title title with Manchester United Premier League Table 2013/14 Champions League draw: Manchester City, Manchester United and Chelsea will qualify for quarter-finals, predicts Alan Smith Alan Smith: City can beat Barcelona Manuel Pellegrini's blunder costs Manchester City chance to top Champions League group Maths quiz: do better than Pellegrini Manchester City action photos >> IFRAME: http://www.worldarcstudio.com/WAS/GettyImageGallery/v1/19/site Manchester City action photos: The best full-colour action images for Manchester City Football Club. Advertisement How we moderate Our new look telegraphuk Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus Manchester City >> Manchester City Football Club Man City fixtures 2012-13 Manchester City Results Manchester City Action Photos Manchester City Players Manchester City Statistics Manchester City Fantasy Stats Manchester City Tickets Advertisement More from the web IFRAME: http://s.telegraph.co.uk/international/Barnebys/International/Barnebys_ Intl_Medium.html Advertisement Advertisement More from the web >> IFRAME: http://s.telegraph.co.uk/international/PrimeLocation/PrimeLocation_Intl .html MORE FROM TELEGRAPH.CO.UK Telegraph Books Matt - The Best of 2013 View SME TECHNOLOGY SME professional, businessman leaning back in chair Looking for a fast internet connection? Ethernet in the First Mile is reliable & budget-fri ... 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Seahawks show `championship poise' and refuse to stoop to Rams' level | Larry Stone 2. UW interim coach Marques Tuiasosopo joining USC 3. Seahawks, NFC West champs and No. 1 seed, have cause to celebrate | Jerry Brewer 4. 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A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend… put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Retail Pot Locations * Cold Cases Blog * The Fire Line * Brock Osweiler * Adam Gase * NYE Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Kipling Street closed in Arvada due to gas leak Colorado marijuana-tracking system won't include all plants on Jan. 1 Life support extended for girl declared brain dead The Cannabist: Meet the Denver Post's new marijuana site Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. Phil Robertson Advised Men to Marry 15-Year-Old Girls Because They Will “Pick Your Ducks” * 2. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists The Bishops Avenue and the rich and poor Published at 12:01AM, December 31 2013 During the downturn there were more boarded-up properties on “Billionaire’s Row” than in rougher parts of Wolverhampton Ed is just one big step away from victory Published at 12:01AM, December 31 2013 If Labour backs Tory spending plans for the first part of the next parliament it will woo Middle England There are no easy prescriptions for local hospitals Published at 12:01AM, December 31 2013 You can’t have your NHS cake and eat it Here’s what you’ll miss by escaping Hogmanay Published at 12:01AM, December 31 2013 The Scottish referendum means this could be the United Kingdom’s last new year together Related topics: * Technology + Google Inc. 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. 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Sponsored Editorial Sponsored Editorial Authentic Italians Living la dolce vita How Italians keep their style in London - plus win one of four fantastic coffee machines * Previous * 1 2 3 4 5 6 7 8 * Next Contact Us 1. Useful contacts 2. Syndication 3. Display advertising 4. Classified advertising Terms of use 1. Terms and conditions 2. Privacy and cookie policy Site Map 1. Site Map 2. Corrections About us 1. News UK 2. News Corporation 3. FAQ Other sites 1. The Whisky Club 2. Sunday Times Wine Club 3. Crossword Club 4. Encounters Dating 5. The Sunday Times Bookshop 6. Sunday Times Driving 7. Times Currency Services © Times Newspapers Ltd 2012 Registered office 3 Thomas More Square, London E98 1XY. Registered in England No 894646 Contact us Close What do you think? Help us improve The Sunday Times. We welcome your feedback, suggestions and ideas. Click here to send us your feedback Need help from our Customer Services team? 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May 2014 Be the End of Your Ages... + Dr Harry Hagopian Dr Harry Hagopian :2010-2013: Three Years in the Lifetime of a MENA Region View all featured blog posts Politics * Boris Johnson * Conservatives * Labour * Lib Dems * Ukip * Westminster * Mehdi's Morning Memo David Cameron Reaches Agreement With British 'Tax Havens' Like Jersey, Cayman Islands On Tax Evasion The Huffington Post UK | Posted: 15/06/2013 15:57 BST | Updated: 15/06/2013 15:57 BST reddit stumble Share on Google+ Get UK Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, David Cameron, Tax Avoidance, Tax Evasion, UK Politics, Enough Food For Everyone, G8, Guernsey, Jersey, Oxfam, Tax Havens, UK NEWS, UK Politics News British 'tax havens' like the Cayman Islands and Jersey have agreed to 'get their house in order' in a new deal on tax evasion secured by the Prime Minister ahead of the G8 summit. David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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View all RSS feeds * 1. 2. 3. uk-london24 William goes back to university to study agriculture at Cambridge New Year’s Eve and New Year’s Day London travel - Tube, Overground, rail New Year: Londoners most likely to still be over the limit at 10pm on January 1 More News at London24.com Search The Huffington Post_____ Search * Advertise | * * Make HuffPost your Home Page | * RSS | * Careers | * FAQ * User Agreement | * Privacy | * Cookie Policy | * Comment Policy | * About Us | * About Our Ads | * Contact Us * "The Huffington Post UK" is provided by AOL (UK) Limited. © 2013 AOL (UK) Limited its affiliates and licensors * Part of HuffPost Politics Quantcast HuffPost Lightbox IFRAME: //www.googletagmanager.com/ns.html?id=GTM-KJF4 * Jobs + Findajob.ie + Search Jobs + Advertise a Job + Upload CV + Career Advice + Education & Training * Cars + CarsIreland.ie + Used Car Search + Car Dealers * Homes + Globrix.ie + Buy Property + Rent Property + Advertise Properties * Deals + Grabone.ie + Dublin + Cork + Galway + Limerick + Kerry + South East + GrabOne Escapes + GrabOne Store * Dating + TheMeetingPoint.ie + Mature + Gay * Death Notices + Announcement.ie + Deaths + In Memoriam + Book a Notice * Book an Ad + Book a Print Ad + Book an Online Ad * Google+ * Facebook * Twitter independent Tuesday 31 December 2013 Icon Hi °C | Lo °C Change * Athlone * Bray * Cork * Drogheda * Dundalk * Galway * Kilkenny * Limerick * Navan * Waterford * News + Irish News o Courts o Irish abroad + World News o Europe o Americas o Middle East o Africa o Asia-Pacific + Opinion o Letters o Columnists o Editorial o Analysis o Comment + Local Papers + Weather o Upload your Weather photos FG to boost Labour's European bid with vote deal Man charged over 13-hour gun siege appears in court Driving licence deal with Canadian cities on cards for 2014 Pope Francis nominated for Tipperary peace award Bonuses on the way back for more public servants Mortgage demand up 10pc as recovery gains ground LONDON, ENGLAND - OCTOBER 16: Actor Michael Palin attends 'Life of Brian' was true, theologian swears on Bible * Sport + Soccer o Premier League o Champions League o League of Ireland + Gaelic Football + Hurling + Rugby o Autumn Internationals o Rabodirect PRO 12 o Heineken Cup + Golf + Horse Racing + Greyhounds + Other Sports o Cycling Contracts must be sorted sooner -- Gibbes The teacher's pets, class clowns and the ones who must do better United facing fierce fight to get hands on £20m Saints defender Shaw The good, the bad and the ugly of 2013 Penney ready to make tough calls Wenger still keen to snap up Madrid hitman Morata Rory McIlroy looks dejected The good, the bad and the ugly of 2013 * Business + The Budget + Irish + World + Technology o Gaming + Farming + Small Business + Media + Personal Finance o Latest News o Property & Mortgages o Pensions + Commercial Property Reward for investors as Irish bonds among top performers in the world Italian bank is urged to complete €3bn cash call Tax rates 'an impediment to entrepreneurs' It's music to their ears as royalties hit high of €32m Strong year for the ISE as index beats major markets Crocs sniff $200m investment boost Lead singer Bono of Irish rock band U2 performs a concert at the Olympic stadium in Turin...Lead singer Bono (C) of Irish rock band U2 performs a concert at the Olympic stadium in Turin, northern Italy August 6, 2010. 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Also in this section Strong year for the ISE as index beats major markets Firms seeking better phone deals Tax rates 'an impediment to entrepreneurs' Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size Stock market charts Data More in Irish (1 of 20 articles) Strong year for the ISE as index beats major markets Read More Also in this Section Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. Firms seeking better phone deals It's music to their ears as royalties hit high of €32m A year of drama over Nama and house prices beckons as Troika exits stage left It's Boomtown for Bob with €6m dividends The commercial property sector's €2bn bounce-back A wish list for Irish business in 2014 Classifieds CarsIreland [Any Make_____________] [Any Model] [Any Year] (BUTTON) Search Yourlocal What? (e.g. cafe, ba Where? 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Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. Most Read 1. Irish man charged in connection with racial abuse of former Man Utd star Andy Cole 2. Schumacher 'fighting for his life' as he remains in induced coma 3. Death threats to pharmacy in nut tragedy row 4. ‘You’re a true gentleman.. I love you so much and I don’t know how I’m going to live without you’ 5. 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The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People David Cameron Lynton Crosby See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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Sponsored Editorial Sponsored Editorial My Olympics Be part of the picture How are you celebrating the Games this summer? * Previous * 1 2 3 4 5 6 7 8 9 10 11 * Next Contact Us 1. Useful contacts 2. Syndication 3. Display advertising 4. Classified advertising Terms of use 1. Terms and conditions 2. Privacy and cookie policy Site Map 1. Site Map 2. Corrections About us 1. News UK 2. News Corporation 3. FAQ Other sites 1. The Whisky Club 2. Sunday Times Wine Club 3. Crossword Club 4. Encounters Dating 5. The Sunday Times Bookshop 6. Sunday Times Driving 7. Times Currency Services © Times Newspapers Ltd 2012 Registered office 3 Thomas More Square, London E98 1XY. Registered in England No 894646 Contact us Close What do you think? Help us improve The Sunday Times. We welcome your feedback, suggestions and ideas. Click here to send us your feedback Need help from our Customer Services team? You can contact the team via the following channels: Live Chat Twitter Email Telephone: +0044 20 7711 1523 Do you have a story? If you know of a story that we should be investigating, please let us know about it Post Customer Liaison 3 Thomas More Square, London E98 1RL Other useful contacts THE TIMES Politics * News * Opinion * Business * Money * Sport * Life * Arts * Puzzles * Papers * List View * Site Map * RSS Feeds * IFRAME: eplhubframe Welcome to your preview of The Times Subscribe now Hopes rise at G8 of ‘concrete’ progress against tax avoidance * Article * Q&A: what can G8 do on taxes? President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Don’t go anywhere without consulting this guide North of England Revolution on wheels Lancashire’s big City Drive drive to fuel £1bn growth Times Scotland Blue sky thinking Angus MacSween and the rapid advance of iomart More from Politics Anger as rail fares leave wages behind Published at 12:01AM, December 31 2013 Action for Rail says that while fares have gone up by almost 20 per cent under the coalition, average earnings have fallen Influx of 50,000 migrants ‘inevitable’ Last updated at 12:01AM, December 31 2013 Despite attempts to limit access to out-of-work benefits, Britain remains a magnet to such migrants, the report by MigrationWatch UK says Police told to explain undetected crimes Published at 12:01AM, December 31 2013 Crime figures are to be overhauled in an attempt to meet public concern that officers do not bother to investigate alleged offences fully Farage’s asylum call ‘not for Muslims’ Published at 12:01AM, December 31 2013 The UKIP leader said that while Syrian Muslims could seek shelter in Islamic countries, Christians had no such option Find * Jobs * Motors * Property * Holidays Search Form Search all Jobs ____________________ (BUTTON) Search * Senior Advisors / Team Leaders Cabinet Office - London - £44,743 to £60,484 * Associate Partner, Markets Legal Team The Office of Gas and Electricity Markets (Ofgem) - London SW1 - c. £80k * Internal Communications Executive Field Fisher Waterhouse - London - Competitive Salary * Chair Haringey Local Safeguarding Children’s Board (LSCB) - London - £800 per day * + Search Form Search all Cars ____________________ (BUTTON) Search * Car Leasing The clever way to lease a new car is with Car Leasing made simple. * 2012 Mclaren McLAREN MP4-12C - POA - Derbyshire * Be Wiser Insurance Car Insurance The best policy at the best price * FERRARI 458 Italia FERRARI 458 Italia - POA - Derbyshire - 2012 * + Search Form Enter place or area ____________________ Search (*) For sale ( ) For rent * The Eagle, City Road. 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares * Long to Live How long do YOU have left to live? 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(File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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[btn_add-your-comment.png] [icon_comments_74.png] Comments (19) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [1351098709505441_p.jpg?cb=20131231] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131231] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131231] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131231] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131231] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131231] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131231] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131231] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131231] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131231] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... 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I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! Abbey Clancy dresses up as Miley Cyrus in THAT infamous outfit for Alan Carr's TV special No mistaking who's getting sent up * NINA AGDAL She's definitely Wanted! Max George's model girlfriend Nina Agdal sizzles as she hits the beach for a sexy swimwear shoot Smouldered in Mexico * Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Actress showed off the results of her strict running regime * ONE DIRECTION This Is Us... winning! One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? 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Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! 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Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? 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Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Still doing his own stunts! Matt Damon flexes his buff muscles at the rock climbing center with daughter Isabella Still doing his own stunts! Matt Damon, 43, flexes his buff muscles at rock climbing centre with daughter Isabella Had his arm in sling last week, so he's doing well * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night... * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Part of the Milldam lead mine near Buxton in Derbyshire has caved-in overnight and swallowed a field as terrible weather continues to plague most of Britain. 130ft-deep SINK-HOLE opens up in sodden Derbyshire fields as forecasters warn wild, wild weather will... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * Core skills trainer Anna Rushby tries out the fat suit which is being used at Peterborough City Hospital Cash-strapped NHS? Meet the hospital staff who wear a £1,000 fat suit to learn how obese patients feel * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * 130ft-deep SINK-HOLE opens up in sodden Derbyshire fields as forecasters warn wild, wild weather will continue for a MONTH * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Women beat the men for the first time: Females in the new year's honours list outnumber men * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Robin Roberts' romantic getaway: GMA star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3jt7v * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: reader@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup Ireland closes loopholes that led to tax haven allegations This article appeared on p27 of the Main section section of the Guardian on Wednesday 16 October 2013. It was published on the Guardian website at 01.22 BST on Wednesday 16 October 2013. It was last modified at 09.14 BST on Wednesday 16 October 2013. World news * Ireland · * Europe Business * Tax avoidance · * Corporate governance Politics Technology * Apple · * Facebook More news * More on this story * Enda Kenny Ireland to exit EU-IMF bailout without precautionary line of credit In upbeat assessment of Irish economy, taoiseach says finance minister to travel to Brussels to tell EU of Republic's decision * Ireland quits IMF bailout: Kenny reaps political reward but is the wager risky? * Ireland announces more budget cuts despite recovery * Guardian Professional Austerity plans could see Ireland scrap 83 councils – but will it help? * Share * Tweet this * * * Email Today's best video * Palestinian activists stand near roses planted Palestinian mother remembers son Protester Bassem Ibrahim Abu Rahma, killed in 2009 by a teargas grenade, is remembered in Bil'in in the West Bank by a garden of flowers planted in used teargas canisters * A Shaman holds bunches of coca leaves Peru's shamans make 2014 predictions Diviners perform soothsaying ceremony for 2014 * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern feast Inspired by Syria and Lebanon, using low-cost ingredients * Car jumping 2013 championship in West Sussex - video Car jumping championship Drivers compete for 2013 jumping title in West Sussex GuardianWitness * Leon Crusoe with wife and daughter Which languages do you use? 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All rights reserved. * Share * Tweet this * * Quantcast #publisher World news RSS feed G8 RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed David Cameron RSS feed Economics on Monday RSS feed Economics blog RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * G8 Economics blog badge * Next * Previous * Blog home G8 deal on tax havens a long way off Western leaders are unlikely to deliver anything comprehensive now – but the fact they are discussing the issue is progress * Share * Tweet this * * [pin_it_button.png] * * Email Campaigners dressed as businessmen at a protest in London Campaigners dressed as businessmen at a protest in London calling for a crackdown on tax havens before the G8 summit in Northern Ireland. Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More from Economics blog on World news * G8 Business * Tax avoidance · * Corporate governance Politics * David Cameron Series * Economics on Monday More analysis More news More blogposts * More on this story * Barack Obama describes Northern Ireland as ‘blueprint’ for peace Barack Obama describes Northern Ireland as 'blueprint' for peace US President uses opening of G8 to deliver impassioned speech urging young Belfast listeners to 'face the future united' * G8 summit - day one * Cameron and Osborne to make final push for tax evasion crackdown * Video G8 leaders and tax campaigners arrive at Belfast summit – video * Film-makers hail G8 summit victory for European cinema * Video Security high ahead of Obama's arrival – video * Obama: Northern Ireland peace process is blueprint to solve conflicts * The Obamas at G8: stylewatch * Exclusion zone extended in Northern Ireland * Host town hopes summit will put County Fermanagh on map * Canadian workers are the happiest in the G8, study shows * Multimedia * Hannah Nelson at G8 summit Schoolgirl appeals for peace in Northern Ireland – video A schoolgirl speaks at the G8 summit in Belfast about her hopes for peace in the country * Cartoon Martin Rowson on Cameron and the G8 - cartoon * Cartoon Steve Bell's If ... on Enniskillen's G8 brush-up - cartoon * Comment & analysis * David Cameron and Vladimir Putin Simon Jenkins: Cameron has misjudged by putting Syria on the agenda Discussing Syria is likely to result in discord between Russia and the west which could sour the atmosphere of the summit * Editorial: deal or no deal * Next * Previous * Blog home * Share * Tweet this * * * Email Today's best video * Palestinian activists stand near roses planted Palestinian mother remembers son Protester Bassem Ibrahim Abu Rahma, killed in 2009 by a teargas grenade, is remembered in Bil'in in the West Bank by a garden of flowers planted in used teargas canisters * A Shaman holds bunches of coca leaves Peru's shamans make 2014 predictions Diviners perform soothsaying ceremony for 2014 * Jack Monroe's festive feast - video Jack Monroe's Middle Eastern feast Inspired by Syria and Lebanon, using low-cost ingredients * Car jumping 2013 championship in West Sussex - video Car jumping championship Drivers compete for 2013 jumping title in West Sussex GuardianWitness * Leon Crusoe with wife and daughter Which languages do you use? Share your experiences of using, learning and encountering languages other than English in the UK * Perseid meteor over cliffs Science award: make a film about the science you love Whether you're passionate about string theory or photosynthesis, we want to see films that will inspire us about the science you love * Pineapple with peach smoothie. Recipe swap: smoothies and juices After the over-indulgences of the Christmas and new year holiday, share your recipes for a post-Christmas vitamin boost * Send us your assignment ideas Do you have an idea for an assignment you think should run on GuardianWitness? Let us know * The NSA files trailblock image Live: Follow NSA-related developments as controversy over leaks continues to make headlines On World news * Most viewed * Latest Last 24 hours 1. [Man-trapped-in-snowed-in--003.jpg] 1. Swedish man survived in snowed-in car for two months 2. 2. Hawaiian woman with 36-character last name wins ID card battle 3. 3. The Chinese village with the secret to long life 4. 4. Volgograd in lockdown as bombings raise security concerns for Olympics 5. 5. Antarctic rescue mission fails to reach trapped ship 6. More most viewed Last 24 hours 1. [2ccb5903-2a71-4208-96c3-b5515b2ceb51-140x84.jpeg] 1. North Dakota oil train crash sparks fireball 2. 2. Victorian police act against racial bias but say racism is not systemic 3. 3. Cyclone Christine still battering Pilbara nine hours after landfall 4. 4. Israel frees 26 Palestinian prisoners 5. 5. Harbin ice-sculpture festival – in pictures 6. 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Breakfast with Lucian by Geordie Greig £16.99 Search the Guardian bookshop ____________________ (BUTTON) Search Economics blog weekly archives Jun 2013 Previous Next M T W T F S S 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Sponsored feature guardian jobs Find the latest jobs in your sector: * Arts & heritage * Charities * Education * Environment * Government * Graduate * Health * Marketing & PR * Media * Sales * Senior executive * Social care Browse all jobs international_______ Search More from Economics on Monday In depth economics analysis every week from Larry Elliott * Latest: 29 Dec 2013: Why Britain needs a pay rise * Next: 23 Jun 2013: George Osborne needs to give Neets a chance – for the economy's sake | Katie Allan * Previous: 16 Jun 2013: All eyes on Mark Carney's first move as Bank of England's new governor Economics on Monday index * License/buy our content | * Privacy policy | * Terms & conditions | * Advertising guide | * Accessibility | * A-Z index | * Inside the Guardian blog | * About us | * Work for us | * Join our dating site today * © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (1) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=6.3595853 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=6.3595853E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. 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Shares lift as weaker dollar helps miners Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Shares lift as weaker dollar helps miners 4. Gold set for biggest annual plunge in 30 years 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Shares lift as weaker dollar helps miners 4. Crocs CEO departs with private equity bailout as popularity slides 5. Most importers and exporters prefer dollar value of $US90-c--$1 Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Shares lift as weaker dollar helps miners 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Forge denies takeover offer as shares rocket up 54pc 5. 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The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=259595.0? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=259595.0? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. Putting a price on your bill-paying laziness Contains: total comments102 2 Generic photo of the ASX board in Melbourne.I Shares lift as weaker dollar helps miners Contains: 3 bernie brookes Myer says sorry for Boxing Day online shopping ... Contains: 4 Forge Group workers. Forge denies takeover offer as shares rocket up 54pc Contains: 5 Gold Gold set for biggest annual plunge in 30 years Contains: Most Searched Shares Get the latest quotes & charts Enter company name or ASX code ____________________ Find Featured advertisers IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=1;sz=149x170;tile=8;ord=259595.0? IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=2;sz=149x170;tile=9;ord=259595.0? 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Today's Top Rates Bonus $100 Visa [mobile_160x70_1213_100card_a.jpg] Hurry for December deal on Telstra and Optus $100 Visa Card iPhone 5s [mobile_160x70_0913_iphone5s_g.jpg] Bonus $100 on iPhone Plans from two major carriers Compare plans Readers' most viewed Most viewed articles on Brisbane Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Shares lift as weaker dollar helps miners 4. Gold set for biggest annual plunge in 30 years 5. Most importers and exporters prefer dollar value of $US90-c--$1 Most viewed articles on WA Today Top 5 Business articles 1. Myer says sorry for Boxing Day online shopping failure with free delivery 2. Putting a price on your bill-paying laziness 3. Gold set for biggest annual plunge in 30 years 4. Forge denies takeover offer as shares rocket up 54pc 5. Shares lift as weaker dollar helps miners Most viewed articles on The Age Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Shares lift as weaker dollar helps miners 4. Gold set for biggest annual plunge in 30 years 5. Forge denies takeover offer as shares rocket up 54pc Most viewed articles on Canberra Times Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Myer says sorry for Boxing Day online shopping failure with free delivery 3. Shares lift as weaker dollar helps miners 4. Crocs CEO departs with private equity bailout as popularity slides 5. Most importers and exporters prefer dollar value of $US90-c--$1 Most viewed articles on The Sydney Morning Herald Top 5 Business articles 1. Putting a price on your bill-paying laziness 2. Shares lift as weaker dollar helps miners 3. Myer says sorry for Boxing Day online shopping failure with free delivery 4. Forge denies takeover offer as shares rocket up 54pc 5. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? Subscribe to The Economist and get the week's most relevant news and analysis. * Comment (185) * Print * E-mail * Reprints & permissions * Advertisement Follow The Economist * Facebook * Twitter Follow @TheEconomist * Linked in Follow * Google plus * Tumblr Follow * Pinterest Follow * YouTube Follow * RSS RSS feeds by section & topic Excerpts from the print edition & blogs » * Mail Free e-mail newsletters Editor's Highlights, The World This Week, and more » Latest blog posts - All times are GMT [_0017_baobab.png] Madagascar's election: A nervous wait Baobab December 30th, 16:55 [_0020_east_approaches.png] Terrorism in Russia: A threat made real Eastern approaches December 30th, 15:41 [_0007_graphicdetail.png] Daily chart: Less is Moore Graphic detail December 30th, 12:05 [_0003_casandra.png] Transistors: Moore or less Cassandra December 30th, 11:43 [_0006_guliver.png] Airline food: Is airline food taking off? 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We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Fight temptation: The brain tries to make you slip back into old habits You can silence the little voice in your head that says 'You deserve a treat'... PAUL MCKENNA'S tricks to beat comfort eating * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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[icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131231] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131231] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131231] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131231] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131231] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131231] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131231] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131231] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131231] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131231] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... We asked six people to talk frankly about their health; Dr Gideon Paul, a physician and consultant cardiologist then predicted their life... * Comments (94) TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws Home Office figures show that since round-the-clock opening was introduced, more than one hundred town centres have been overrun by problem... * Comments (261) A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters... In the last year there have been 594 incidents, with 57 councils in England reporting students being temporarily or permanently excluded for... * Comments (24) TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting... Not only is she said to be worth millions but she also has a choice of three homes to retreat to. So Kirstie Allsopp probably should have... * Comments (409) Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the... The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (149) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (14) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK Almost all flights from Romania to England are full - even though one airline doubled the number to meet demand - with one-way tickets... * Comments (226) Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has... The Tory Party will publish draft legislation over the 'next few months' to rein in the influence of the Strasbourg court, the Justice... * Comments (18) Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music... Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the... * Comments (484) A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts. * Comments (6) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * SAM FAIERS Faier(s) play to her! Sam strips down to her bikini and shows off amazing body as she reveals she's lost more than a stone in weight Looks hot in pink * FERN BRITTON 'I ate too much, I slept too much... I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! Abbey Clancy dresses up as Miley Cyrus in THAT infamous outfit for Alan Carr's TV special No mistaking who's getting sent up * NINA AGDAL She's definitely Wanted! Max George's model girlfriend Nina Agdal sizzles as she hits the beach for a sexy swimwear shoot Smouldered in Mexico * Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Actress showed off the results of her strict running regime * ONE DIRECTION This Is Us... winning! One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Beyonce 'She's going for Beysus!' Beyonce's 'Last Supper' image causes constroversy just hours after she's forced to apologise for Challenger audio * Penelope Keith All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? Now they're bombarding us from the ski slopes too as Pink leads the charge of smug 'snelfies' * PIXIE LOTT Snow bunny love: Pixie Lott and Oliver Cheshire cuddle up on the slopes as they prepare to spend New Year's Eve with her family in Chamonix * Madonna skiing Climb every mountain: Madonna takes on bunny slope as daughter Lourdes masters snowboarding on family trip to Switzerland Youngster's a natural * Sean Penn Forever buff! Sean Penn, 53, proves he's still a surfer dude at heart, 30 years on from his role in Fast Times at Ridgemont High Still got what it takes * GEMMA MERNA Getting that bikini body ready! A make-up free Gemma Merna heads to the gym as she gets in shape ahead of Splash debut Only a few days to go * Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs A Dynasty reunited! Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Beauty budget: Inexpensive items from Konjac sponges to Marks & Spencer's lip crayons From L'Oreal to Marks & Spencer: The best budget buys of the year brought to you by ELSA MCALONAN Favourite picks under £10 * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Fight temptation: The brain tries to make you slip back into old habits How to silence the little voice in your head that says: 'You deserve a treat' * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * To many he's a national treasure. But Alan Bennett's attack on Lady T is a part of a sneering, subversive attitude in much of his work A false icon - and a real one: The crabby, petulant Alan Bennett and the great colossus of our age, Margaret... * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * 130ft-deep SINK-HOLE opens up in sodden Derbyshire fields as forecasters warn wild, wild weather will continue for a MONTH * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Women beat the men for the first time: Females in the new year's honours list outnumber men * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Robin Roberts' romantic getaway: GMA star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * DOMINIC LAWSON: Power cuts, flight chaos - then I got a truly uplifting Christmas surprise * Megalomaniac Jeff Bezos and narcissist Russell Brand... two men whose influence you couldn't escape in 2013: MAX HASTINGS and DOMINIC SANDBROOK examine the icons of the year * Piranha attack! As 70 Christmas Day bathers are savaged, GUY WALTERS reveals the truth about the fish with a bite more powerful than a T-Rrex * My fight to the death with Lennox Lewis... across a chessboard, where, says DOMINIC LAWSON, all human strengths, and weaknesses, are mercilessly laid bare * PETER MCKAY: Why Becks' knighthood has gone to extra time * Men are more likely to drop dead during sex if they're cheating... and other delightfully dotty facts from television's QI quiz MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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LIVE + Tomorrow Dick Cavett & Musician Kyle Riabko LIVE + Go to HuffPost Live * ALL SECTIONS News + Politics + World + Business + Small Business + Money + Media + Sports + Education + Crime + Weird News + Good News Entertainment + Entertainment + Celebrity + Comedy + Arts & Culture + Books + TV Life & Style + Healthy Living + GPS for the Soul + Style + Home + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Code Voices + Women + Black Voices + Latino Voices + Voces (en español) + Gay Voices + Religion + College + Teen + Impact Local + Chicago + DC + Denver + Detroit + Hawaii + Los Angeles + Miami + New York + San Francisco Our Mobile Apps + iOS App + HuffPost Live iOS + Android App Politics * Pollster * Elections 2014 * 2016 * Eat The Press * HuffPost Hill * CPI * Radley Balko's The Agitator * Third Metric * Howard Fineman's Political Read Shahien Nasiripour Shahien Nasiripour Become a fan shahien@huffingtonpost.com Christina Wilkie Christina Wilkie Become a fan christina.wilkie@huffingtonpost.com Paul Blumenthal Paul Blumenthal Become a fan paulblumenthal@huffingtonpost.com Offshore Tax-Haven Data Made Public As Companies Brace For Scrutiny Posted: 06/14/2013 10:00 pm EDT | Updated: 06/17/2013 12:29 pm EDT reddit stumble Share on Google+ Get Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, Apple, Video, Deutsche Bank, Tax Evasion, Corporate Taxes, Offshore Tax Haven, Offshore Tax Havens, Tax Havens, Tim Cook, Ubs, Politics News WASHINGTON -- The International Consortium of Investigative Journalists (ICIJ) on Friday made public what it calls the most extensive collection of records on offshore accounts in history, encouraging sleuths to ferret out possible tax evasion. The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. (AP Photo/John Raoux) * Georgia State Capitol (Atlanta) Pictured on Tuesday, November 13, 2007. (Photo by Jessica McGowan/Getty Images) * Hawaii State Capitol (Honolulu) * Idaho State Capitol (Boise, Idaho) Pictured on Monday, Jan. 14, 2008. (Ned Dishman/NBAE via Getty Images) * Illinois State Capitol (Springfield, Ill.) Pictured on Tuesday, Sept. 21, 2004. (AP Photo/Seth Perlman) * Indiana State Capitol (Indianapolis) Pictured on Saturday, Feb. 4, 2012. (Photo by Jeff Gross/Getty Images) * Iowa State Capitol (Des Moines, Iowa) Pictured on Wednesday, Aug. 10, 2011. (Photo by Chip Somodevilla/Getty Images) * Kansas State Capitol (Topeka, Kan.) Pictured on Thursday, April 15, 2010. (AP Photo/Orlin Wagner) * Kentucky State Capitol (Frankfort, Ky.) Pictured on Wednesday, April 12, 2006. (AP Photo/James Crisp) * Louisiana State Capitol (Baton Rouge, La.) Pictured on Monday, Jan. 14, 2008. (Matthew HINTON/AFP/Getty Images) * Maine State Capitol (Augusta, Me.) Pictured on Monday, Oct. 17, 2011. (AP Photo/Pat Wellenbach) * Maryland State House (Annapolis, Md.) (Photo by Patrick Smith/Getty Images) * Massachusetts State House (Boston) Pictured on Tuesday, Jan. 2, 2007. (Photo by Darren McCollester/Getty Images) * Michigan State Capitol (Lansing, Mich.) Pictured on Wednesday, April 13, 2011. (Photo by Bill Pugliano/Getty Images) * Minnesota State Capitol (St. Paul, Minn.) Pictured on Friday, July 1, 2011. (Photo by Hannah Foslien/Getty Images) * Mississippi State Capitol (Jackson, Miss.) Pictured on Thursday, June 10, 1999. (AP Photo/Rogelio Solis) * Missouri State Capitol (Jefferson City, Mo.) Pictured on Friday, Oct. 16, 2000. (Photo credit should read ORLIN WAGNER/AFP/Getty Images) * Montana State Capitol (Helena, Mont.) * Nebraska State Capitol (Lincoln, Neb.) Pictured on Wednesday, Nov. 25, 1998. (AP Photo/S.E. McKee) * Nevada State Capitol (Carson City, Nev.) * New Hampshire State House (Concord, N.H.) Pictured on Friday, Dec. 28, 2001. (Todd Warshaw//Pool/Getty Images * New Jersey State House (Trenton, N.J.) Pictured on Friday, Aug. 13, 2004. (Photo by Chris Hondros/Getty Images) * New Mexico State Capitol (Santa Fe, N.M.) * New York State Capitol (Albany, N.Y.) Pictured on Sunday, March 16, 2008. (Photo by Daniel Barry/Getty Images) * North Carolina State Capitol (Raleigh, N.C.) Pictured in 1930. (AP Photo) * North Dakota State Capitol (Bismarck, N.D.) Pictured on Thursday, April 19, 2012. (AP Photo/Dale Wetzel) * Ohio Statehouse (Columbus, Ohio) Pictured on Tuesday, March 8, 2011. (Photo by Mike Munden/Getty Images) * Oklahoma State Capitol (Oklahoma City) Pictured on Wednesday, Feb. 29, 2012. (AP Photo/Sue Ogrocki) * Oregon State Capitol (Salem, Ore.) Pictured on Friday, May 20, 2011. (AP Photo/Rick Bowmer, file) * Pennsylvania State Capitol (Harrisburg, Pa.) Pictured on Thursday, June 28, 2012. (BRIGITTE DUSSEAU/AFP/GettyImages) * Rhode Island State House (Providence, R.I.) Pictured on Wednesday, Aug. 1, 1945. (AP Photo) * South Carolina State House (Columbia, S.C.) Pictured on Monday, Jan. 21, 2008. (Photo by Chris Hondros/Getty Images) * South Dakota State Capitol (Pierre, S.D.) Pictured on Tuesday, Jan. 10, 2012. (AP Photo/Doug Dreyer) * Tennessee State Capitol (Nashville, Tenn.) Pictured on Tuesday, Sept. 30, 1941. (AP Photo) * Texas State Capitol (Austin, Texas) Pictured on Tuesday, Oct. 4, 2011. (MIRA OBERMAN/AFP/Getty Images) * Utah State Capitol (Salt Lake City) Pictured on Thursday, March 15, 2001. (GEORGE FREY/AFP/Getty Images) * Vermont State House (Montpelier, Vt.) Pictured on April 9, 1953. (AP Photo/Francis C. Curtin) * Virginia State Capitol (Richmond, Va.) Pictured on Wednesday, May 2, 2007. (Photo by Chris Jackson/Getty Images) * Washington State Capitol (Olympia, Wash.) Pictured on Wednesday, Jan. 18, 2012. (AP Photo/Rachel La Corte) * West Virginia State Capitol (Charleston, W.V.) Pictured on July 2, 2010. (MANDEL NGAN/AFP/Getty Images) * Wisconsin State Capitol (Madison, Wis.) Pictured on Saturday, Dec. 24, 2011. (KAREN BLEIER/AFP/Getty Images) * Wyoming State Capitol (Cheyenne, Wyo.) Pictured on Tuesday, March 6, 2001. (Photo by Michael Smith/Newsmakers) * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW POLITICS Like [DEL: :DEL] 452k Enter email_________ Subscribe Related News On Huffington Post: Stephen Harper Has No Reservations About G8 Tax Havens Proposal Offshore Tax Havens: ICIJ Database Of Tax Shelter Users Is Made Available To The Public Gunmen Take Over Hospital In Southwestern Pakistan Secret Tax-Haven Names Released To Public No reservations about G8 tax proposal: PM Stephen Harper Has No Reservations About G8 Tax Havens Proposal DUBLIN - Prime Minister Stephen Harper says he has no qualms about a G8 proposal to combat tax havens."We have no reservations in principle," Harper... 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Tuesday 31 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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View MASERATI GHIBLI Black and white picture of an old Maserati garage Scroll through this animated timeline to discover the prestigious history of Maserati View Telegraph Travel Hand-picked Our latest sales on holidays to Greece, Spain, Cyprus and more View Back to top * HOME * Rugby Union * England * Club * Football * Teams * Fixtures * Results * News * Cricket * England * Fixtures * Live Scoreboards * Formula One * Lewis Hamilton * Jenson Button * Teams * Finance * Rugby Union * Six Nations * British and Irish Lions * Fixtures * Other Sports * Cycling * Athletics * Sport A-Z * Lifestyle * Tennis * Andy Murray * Roger Federer * ATP Tour * Golf * European Tour * US Tour * Tiger Woods * Comment * Contact Us * Telegraph Journalists * Advertising * Fantasy Football * Announcements * Reader Prints * * Follow Us * Apps * Epaper * Expat * Promotions * Subscriber * Syndication (c) Copyright of Telegraph Media Group Limited 2013 Terms and Conditions Today's News Archive Style Book Weather Forecast #Mail Online Search publisher Mail Online News RSS feed * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * Money Home * Markets * Saving & banking * Investing * Bills * Cars * Holidays * Cards & loans * Pensions * Mortgages & home * Experts * Forums * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares Fresh call for crackdown on use of tax havens as UK's top firms found to be prolific users of offshore subsidiaries By Matt West PUBLISHED: 10:09 GMT, 13 May 2013 | UPDATED: 12:19 GMT, 13 May 2013 * * * * 27 View comments Only two FTSE 100 companies do not have offshore subsidiaries based in tax havens, research from the charity ActionAid revealed today as it called on the Prime Minister and leaders of the G8 industrialised nations to do more to end tax avoidance by the world's largest corporations. ActionAid found Footsie companies had 22,000 offshore subsidiaries of which 40 per cent - more than 8,000 - were located in tax havens. The findings come as David Cameron meets with US President Barack Obama to discuss a US-EU free trade agreement, which the Prime Minister believes would benefit the UK economy to the tune of £10billion a year and ahead of next month's G8 Summit in Northern Ireland. Tax avoidance: ActionAid's research found 98 out of the 100 companies that made up Britain's leading share index used offshore subsidiaries based in tax havens. Tax avoidance: ActionAid's research found 98 out of the 100 companies that made up Britain's leading share index used offshore subsidiaries based in tax havens. Writing in the Wall Street Journal today Mr Cameron said: `This deal could add as much as £10billion to the British economy and £63billion to US GDP. But the rest of the world would benefit too, with gains that could generate EUR100billion (£850billion) worldwide.' The research also comes less than a month after Chancellor George Osborne warned the Cayman Islands and British Virgin Islands that they risked losing their status as British Crown dependencies if they did not end their tax haven status. More... * The end of tax havens? Britain will lead global crackdown on tax avoidance, pledges Osborne * Chancellor warns British tax havens to comply with international tax laws or lose Crown dependency status * SUNDERLAND ON SATURDAY: Complex rules heighten the lure of tax havens On Saturday, at a meeting of G7 finance minister the Chancellor repeated his call for international action to fight tax avoidance adding it was 'incredibly important that companies and individuals pay the tax that is due'. However, ActionAid called for Britain to take a lead on the issue pointing out that one fifth of the world's tax havens have enjoyed historic links to the UK government, more than any other nation. The use of tax havens by multinational corporations has come in for significant criticism in the last year as companies such as Starbucks, Google, Vodafone and Amazon have all faced widespread protest while their top executives have faced a grilling by MPs over the amount of corporation tax they paid in the UK. Starbucks was revealed to have paid nothing in corporation tax in the last three years despite sales of £400million in 2011 and had only paid £8.6million since it began trading in the UK 14 years ago. ActionAid's research found 98 of the 100 companies that make up the blue chip index's components have subsidiaries in tax havens, while ten of those companies were headquartered in a tax haven. Moreover, despite 10 per cent of the FTSE 100's composition having changed since ActionAid's last analysis, all new entrants to the FTSE100 have subsidiaries in tax havens. IFRAME: http://aamapping-production.torchboxapps.com/taxhavens/ Banks were the most prolific users of tax havens. Over half (58 per cent) of all banks on the blue chip index, including Barclays Bank, HSBC and State-backed Lloyds Banking Group and Royal Bank of Scotland used overseas subsidiaries totalling 1,780 companies. ActionAid said its research was not proof of tax avoidance, and stressed it was not accusing the companies in the Footsie of tax avoidance or evasion. But its findings did highlight the extent of multinationals' operations in jurisdictions that could provide substantial tax advantages and help obscure information. It added the vast majority of companies that make up the FTSE 100 - 78 out of 100 - operate in developing countries, and every one of these companies was a prolific tax haven user. Developing countries constitute almost a third of the countries in which FTSE-100 banks operate, yet they have 13 times as many companies located in tax havens as in developing countries, ActionAid added. The charity's tax justice policy adviser, Mike Lewis, said tax havens remained a key link in the chain that allowed multinational companies and wealthy individuals to drain billions from poor countries. He said: `Tax havens are one of the biggest hidden obstacles in the fight against global poverty. Poor countries lose an estimated three times more money to tax havens than they receive in aid each year - money needed to build roads, fund schools and finance developing countries' own fight against hunger and poverty. `Four years after G20 leaders promised an end to tax havens, tax haven structures are near-universal amongst the UK's biggest multinationals.' `Now, with David Cameron promising action on tax havens at this year's G8, the problem is on the UK's doorstep. The UK is responsible for 1 in 5 of the world's tax havens - that's more than any other country.' ActionAid said stopping wealth being siphoned out of the poorest countries into tax havens was one of the most urgent tasks in the fight against hunger. But transparency deals recently negotiated by the UK and other European countries with tax havens only benefited developed nations. `David Cameron convenes the G8 leaders in Northern Ireland next month. They must deliver on their promise to call time on tax havens for the benefit of all countries, including the poorest,' Mr Lewis added. Share or comment on this article * * * * * * MOST READ MONEY * Previous * 1 * 2 * 3 * Next * Who gets the dog...and the pension: January blues: The start of the year is traditionally the busiest period for divorce lawyers I'm 61 and my husband is 52. 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Retirement rental hotspots: Pensioners renting in big cities... * Sleepwalking: Eurozone faces decades of deflation as people put off spending Eurozone sleepwalking into disaster as it 'faces decades of... [btn_add-your-comment.png] [icon_comments_74.png] Comments (27) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have not been moderated. [5703140_p.jpg?cb=20131231] Me, London, 6 months ago Instead of promises, why don't they setup a new bill to tax all these corporation on business billed in UK (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 0 0 Click to rate [1349820736527011_p.jpg?cb=20131231] Warning, Toxic, United Kingdom, 7 months ago So if they have to pay more tax, what happens to prices and jobs??????? (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 3 3 Click to rate [1368524719757361_p.jpg?cb=20131231] Don, Auch, France, 7 months ago I think the cyprusdonkey blogger has the right ideas on tax and government spending. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 0 1 Click to rate [1368490022095322_p.jpg?cb=20131231] Incognito56, London, United Kingdom, 7 months ago Wow. Let's make our international companies uncompetitive against international competition. Maybe they'll move elsewhere and we won't have to worry about them paying their fair share of tax any more. Or, better still, let's force them to go bankrupt. That will keep lots of accountants, bankers and lawyers in business for a couple of years. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 5 8 Click to rate [4724797_p.jpg?cb=20131231] peejoy, Nottingham, 7 months ago Why keep trying to flog a dead horse with this tax evasion by companies such as Starbucks. Instead, let them have to pay a license fee to operate here based on something like estimated earnings in the UK. If the estimated earnings are deemed too high then let the company must provide its real earnings. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 4 7 Click to rate [4084411_p.jpg?cb=20131231] Sally, London, United Kingdom, 7 months ago The Inland Revenue have been very busy in the last couple of years bullying the likes of you and I over a few measily quid. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 2 17 Click to rate [4130615_p.jpg?cb=20131231] rob boberts, worcester., 7 months ago Ye another legacy from the New Welfare Party and their lax regulation of their big business chums. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 3 12 Click to rate [1363019550512322_p.jpg?cb=20131231] trufx, Birmingham, United Kingdom, 7 months ago So what have the so called "Inland Revenue" been doing over the past few years?? Obviously nothing - they must have literally taken the word INLAND and forgot about the rest. Unbelievable when you think they chase the family guy and small businesses for every last penny. It's all rotten to the core and run by a bunch of selfish idiots who just look after themselves and stuff the rest. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 2 17 Click to rate [6135958_p.jpg?cb=20131231] The Cubic 1, West Somerset, 7 months ago PAYE for everybody!!!!!! And if you deal/ sell in this country PAY YOUR DUES! (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 4 11 Click to rate [4307443_p.jpg?cb=20131231] Mr Patient, Newcastle, United Kingdom, 7 months ago hey Mr Politician: stop talking and DO something about it. Yeah, right (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 3 19 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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Our personal finance team reveal their money triumphs for the year - and disasters MORE HEADLINES IFRAME: http://creative.dailymail.co.uk/tim/widget/emailwidget_newsletter_308x1 11.html * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares * Long to Live How long do YOU have left to live? 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Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Fight temptation: The brain tries to make you slip back into old habits You can silence the little voice in your head that says 'You deserve a treat'... PAUL MCKENNA'S tricks to beat comfort eating * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next TV presenters, bankers and government advisers among 1,000 Britons linked to tax havens * Broadcaster and former footballer John Fashanu on list * Trade adviser Alpesh Patel also named on leaked database * It also includes Goldman Sachs and Coutts, The Queen's bank * Data has been leaked in tranches by a whistleblower since 2009 * HMRC keen to clamp down on wealth sheltered in tax havens By Daily Mail Reporter PUBLISHED: 10:03 GMT, 12 May 2013 | UPDATED: 10:14 GMT, 12 May 2013 * * * * 74 View comments Named: TV presenter and former footballer John Fashanu has appeared on a database of people linked to tax havens Named: TV presenter and former footballer John Fashanu has appeared on a database of people linked to tax havens A raft of high-profile Britons and organisations - including a former England footballer, a professor of medicine and a government trade adviser - have been revealed to have links to off-shore tax havens in a database leaked to HM Revenue & Customs. They include ex-footballer John Fashanu and Alpesh Patel, a former Financial Times columnist who now advises UK Trade and Investment, as well as leading banks and financial institutions, including Goldman Sachs and Coutts, according to the Sunday Times. The cache of 2.5m leaked documents, which was revealed to HMRC as it clamps down on wealth sheltered in tax havens, relate to the activities of companies and people in countries with low tax including Singapore, the British Virgin Islands (BVI) and the Cook Islands (CI). It is thought the documents have been handed in stages to HMRC and authorities in America and Australia by a whistleblower since 2009, prompting a global investigation into alleged tax evasion. One of the more unusual names on the list, which was separately obtained by the International Consortium of Investigative Journalists, is Robert Stockley, a professor of medicine at University Hospital Birmingham. More... * Student loans company call in private eyes to track down EU students who owe £50m * 'Suicide' of bedroom tax victim: Grandmother, 53, hit by £20-a-week charge dies after leaving note saying the Government was to blame Documents connected Mr Stockley, 63, a lung disease expert, to two BVI-incorporated companies, Brinko Test Ltd and International Criminal Resources, in turn linked to an account at the FirstCaribbean International Bank. Professor Stockley said he had volunteered information about the firms to HMRC in the course of 'sorting my tax affairs'. Following negotiations he paid about £16,000 in extra tax. Robert Stockley, a professor of medicine at University Hospital Birmingham, has been connected with two companies in the British Virgin Islands Robert Stockley, a professor of medicine at University Hospital Birmingham, has been connected with two companies in the British Virgin Islands The professor said ICR was a non-profit making entity for resource projects. He said he set up Bronko Test with an American partner to handle earnings, amounting to just thousands of pounds, from a lung testing chart they had invented. The firm was transferred to the UK in 2008. Although conceding the Caribbean territory was a well-known tax haven, Professor Stickley denied taking any dividends from the BVI company, saying: 'Our advice from accountants was that this was quite useful. I started to feel a bit uncomfortable, which is why we split it up and got it registered in the UK.' He added HMRC 'knows everything' and that money has been declared and dues paid and signed up. Mr Fashanu, 50, a former Premier League footballer for Wimbledon, was named on the list as a director of a telecommunications company set up in the BVI by a Nigerianm tycoon in 2003. The now-TV presenter's manager, Ian Wilson, said his client was enlisted to the venture only as a 'figurehead' and that the firm, Communication Trends Network Ltd', had folded with heavy losses. Star: Fashanu celebrates a goal with his Wimbledon teammates in 1993 Star: Fashanu celebrates a goal with his Wimbledon teammates in 1993 'He neither put any money in, nor did he take any money out,' Mr Wilson said of Mr Fashanu, who has been domiciled in Nigeria since 2006 for tax reasons. Mr Fashanu has not been contacted by HMRC. Mr Patel, who runs an asset management firm with offices in Mayfair, London, said he received a letter from HMRC three years ago in which the authorities said they believed he had offshore assets. Documents from the BVI show the 41-year-old set up a company called AHM Investors in 2005, which was listed as 'dormant' the following year. He told the Sunday Times that 'it never got off the ground; it never traded' and said the mindset of many financial firms had changed since the 2008 economic crisis, before which they would have set up 'tax efficient' offshoots in places such as the BVI 'without thinking'. 'They didn't put much of a moral layer on it then,' he said. Goldman Sachs HQ A pedestrian walks past a branch of Coutts & Co., Goldman Sachs and Coutts bank also appeared on the data base The list being trawled by HMRC also named 200 accountants and advisers. A source at Goldman Sachs told the paper it may have appeared because it had acted n instructions from a client to move assets into an offshore trust and said it had not been contacted by HRMC. Coutts, named in relation to its operations in the Isle of Man, said it was 'fully committed to an open and transparent regulatory environment in all jurisdictions'. There is no suggestion any of the companies if individuals banned have broken the law. 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[btn_add-your-comment.png] [icon_comments_74.png] Comments (74) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [2569717_p.jpg?cb=20131231] A native englishman, Aylesbury. Rip off britain, United Kingdom, 7 months ago As one of the litte people , I wonder if I could get my very small private pension which I pay taxs on, shipped over to a taxs haven,? 4 127 Click to rate [3232898_p.jpg?cb=20131231] Cut the BS, Dorset, 7 months ago Well there's a surprise, NOT ! 3 75 Click to rate [4465175_p.jpg?cb=20131231] jtj, London, United Kingdom, 7 months ago "Mr Fashanu, 50, a former Premier League footballer for Wimbledon, was named on the list as a director of a telecommunications company set up in the BVI by a Nigerian tycoon in 2003". - Why name Mr Fashanu when he hasnt actually lived in UK since 2001. go after the big people or big companies. 20 103 Click to rate [5510799_p.jpg?cb=20131231] paul, Radlett, 7 months ago so why should I, a middle class person, pay my taxes? This government is as morally bankrupt as the rich tax avoider. 7 109 Click to rate [1348253918565043_p.jpg?cb=20131231] Thinkpositive, here, United Kingdom, 7 months ago Surprise? of course not... and why this happen? what is the solutions? Is HMRC going to prosecute them or give them financial penalty? 2 64 Click to rate [1357497902114232_p.jpg?cb=20131231] K200xxx, Aberdeen, United Kingdom, 7 months ago It's a legal loop hole no doubt, wonder how many of this lands goverment are on this list. Probably why it still legal. 1 86 Click to rate [5962558_p.jpg?cb=20131231] ken mist, paris, 7 months ago Stop whingeing and change the law. (Once you've sorted out more loopholes for u and your mares as ever) 4 72 Click to rate [6240174_p.jpg?cb=20131231] Tepepa, Cleveland, 7 months ago It,s not the unemployed fault we in in the dung.. it,s companies and people no paying the correct tax... 12 79 Click to rate [6398765_p.jpg?cb=20131231] millwall The Den, london, 7 months ago Starbucks anyone??. No lets leave them alone 4 70 Click to rate [2398365_p.jpg?cb=20131231] ozimandias, Brighton, United Kingdom, 7 months ago I hope that the full list is published. There is no reason why people mainly resident in the UK should have bank accounts in any other territories.I would be happy if Britain sent troops to occupy the Channel Islands, IOM.Caymans, Turks and Caicos and BV Islands for a few months while undeclared deposits are repatriated back to the UK. once this is done they could be returned to self rule, but with the same tax arrangements as in the UK. 26 71 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... 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Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? 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But Alan Bennett's attack on Lady T is a part of a sneering, subversive attitude in much of his work A false icon - and a real one: The crabby, petulant Alan Bennett and the great colossus of our age, Margaret... * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? 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HARRIET SERGEANT'S bitter experience proves otherwise * RICHARD KAY: Peter Sissons blasts TV bosses for Alan Whicker snub * How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? GOOD HEALTH found six brave volunteers to find out... * You can silence the little voice in your head that says 'You deserve a treat'... PAUL MCKENNA'S tricks to beat comfort eating MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #Mail Online Search publisher Mail Online Markets RSS feed * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * Money Home * Markets * Saving & banking * Investing * Bills * Cars * Holidays * Cards & loans * Pensions * Mortgages & home * Experts * Forums * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares 30 SECOND GUIDE: Tax Havens By Daily Mail Reporters PUBLISHED: 10:24 GMT, 3 May 2013 | UPDATED: 10:24 GMT, 3 May 2013 * * * * 0 View comments The Daily Mail City team explains why some countries are tax havens and what that means for other countries. What are they? Pretty much what it says on the tin. Some countries or states create a favourable environment to take advantage of the market for tax avoidance. They tend to be small countries with little else to differentiate themselves which use sympathetic tax levies to woo firms and individuals. Where are they? They are found in some of the world's most glamorous locations. Nearby are Guernsey and the Isle of Man, but Monaco, the British Virgin Islands and Bermuda promise an even more dazzling, sun-kissed home for the rich to stash their cash. Metro graphic showing tax havens around the world. Metro graphic showing tax havens around the world. Is it legal? Hordes of wealthy accountants are paid fat fees to tread the line between ensuring clients avoid tax - which is legal - and making sure they don't evade it, which isn't. One mistake could lead to a big bill or even spending time at Her Majesty's pleasure. More... * 30 SECOND GUIDE: Landing fees * ALEX PRATS: Developing countries have been suffering the effects of aggressive tax avoidance for decades * Chancellor warns British tax havens to comply with international tax laws or lose Crown dependency status Why do we care? A new wave of tax havens have agreed to share information with the taxman to stamp out evasion rather than defeating their whole raison d'etre. Montserrat and the Turks and Caicos Islands have volunteered to pass on details of customers. Why now? The UK is about to head the G8 - and along with other cash-strapped governments - wants to maximise its tax revenues. Share or comment on this article * * * * * * MOST READ MONEY * Previous * 1 * 2 * 3 * Next * Who gets the dog...and the pension: January blues: The start of the year is traditionally the busiest period for divorce lawyers I'm 61 and my husband is 52. 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Retirement rental hotspots: Pensioners renting in big cities... * Sleepwalking: Eurozone faces decades of deflation as people put off spending Eurozone sleepwalking into disaster as it 'faces decades of... [btn_add-your-comment.png] [icon_comments_74.png] Comments (0) Share what you think No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards. Add your comment Enter your comment______________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ By posting your comment you agree to our house rules. (BUTTON) Submit Comment (BUTTON) Clear [topcommenter.png] Who is this week's top commenter? 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IFRAME: http://www.dianomioffers.co.uk/smartads.epl?id=1188 MONEY'S SIX OF THE BEST * Number of pensioners in work rises by a THIRD * Borrowers are clearing mortgage debt slower * Lloyds could be sold by end of 2014 * How will stocks perform in 2014? * QUIZ: Put your knowledge of 2013 to the test * How to get money back on gifts VIEWS, TIPS & SPECIAL REPORTS * Unknown: Before Christmas Ben Bernanke, Head of the Federal Reserve, announced the US would begin to taper yet the fallout from that decision is still unclear US stimulus 'taper' is the main hurdle for stocks in 2014 Impact of Fed's policy decision is becoming clear * Simon Watkins SIMON WATKINS Sorry, but I can't drink to this economic recovery * Goals: West Ham chief Karren Brady KARREN BRADY INTERVIEW I'll stand up for small business and women - but I WON'T become an MP * Branching out: BT Sport has recently bid a further £897million for Champions League rights ALEX BRUMMER BT bids for media leadership as it expands from landlines into broadband and pay TV Latest from Markets Lessons from the past: Brokers carried on with their business outside the Stock Exchange after it was forced to close its doors for the day * CITY FOCUS: History shows the City can get back on track and shares offer best return * MARKET REPORT: Investors to keep a close watch as BG Group turns up gas in 2014 * BEN GRIFFITHS: After another year to forget there are brighter days ahead for UK plc * British jobs boost as Boeing and Lockheed plan to beef up UK operations in 2014 * ALEX BRUMMER: BT bids for media leadership as it transforms itself from landlines to broadband and pay TV * FTSE CLOSE: Festive fortunes grind to a halt as retailers makes investors nervous over Christmas performance * Taxpayer stake in Lloyds could be sold by end of 2014 under privatisation plan that would offer shares to private investors * Tapering is the main hurdle for stocks in 2014 as impact of Fed's policy decision becomes clear * City expects Footsie to hit all-time high in 2014 as recovery continues and company profits bounce back * World goes dotty for Cath Kidston as profits rise to £18.7m MORE HEADLINES HOT TOPICS AND PREDICTIONS * Interest rates: Mark Carney has sent out another low rates for longer message. 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The property market is on the up fuelled by cheap mortgages and taxpayer help Coins FREE WEEKLY NEWSLETTER: SIGN UP NOW `Keep on top of your money with our brilliant free round-up' QUICK SIGN UP: Britain's favourite money news * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #publisher World news RSS feed Ireland RSS feed Europe RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed Technology RSS feed Apple RSS feed Facebook RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * Ireland Ireland closes loopholes that led to tax haven allegations Michael Noonan promises new finance bill to ensure that no Irish registered company can be stateless for tax purposes * Share * Tweet this * * [pin_it_button.png] * * Email * Henry McDonald, Ireland correspondent * * The Guardian, Wednesday 16 October 2013 Michael Noonan Noonan: 'Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem.' Photograph: Art Widak/Demotix/Corbis Ireland's finance minister has pledged to crackdown on "stateless" multinational companies who use addresses in the republic to avoid paying tax in their home countries. The Irish government has come under repeated fire this year from tax campaigners to tie up loopholes that some claim have turned Ireland into a tax haven for transnational corporations such as Apple and Facebook. Michael Noonan has promised a new finance bill that will include a measure to ensure that no Irish registered company can be stateless for tax purposes. "Let me be crystal clear. Ireland wants to be part of the solution to this global tax challenge, not part of the problem," Noonan said. The US Congress sharply criticised Ireland earlier this year over low corporation tax and the fact that Apple paid less than 2% tax on the $100bn (£62.5bn) it made over four years. Irish registered companies were used to process most of the money, Congress complained. The new rules to stop stateless companies will come into force from January 2015. They will be seen as a sop in particular to EU states such as Germany as Ireland seeks to defend its low corporation tax rate of 12.5%. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. 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All rights reserved. * Share * Tweet this * * Quantcast #publisher World news RSS feed G8 RSS feed Business RSS feed Tax avoidance RSS feed Corporate governance RSS feed Politics RSS feed David Cameron RSS feed Economics on Monday RSS feed Economics blog RSS feed Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off * Jump to content [s] * Jump to site navigation [0] * Jump to search [4] * Terms and conditions [8] Edition: UK US AU * Your activity * Email subscriptions * Account details * Linked services Profile Mobile About us * About us, * Contact us * Press office * Guardian Print Centre * Guardian readers' editor * Observer readers' editor * Terms of service * Privacy policy * Advertising guide * Digital archive * Digital edition * Guardian Weekly * Buy Guardian and Observer photos Today's paper * Main section * G2 features * Comment and debate * Editorials, letters and corrections * Obituaries * Other lives * Sport * EducationGuardian * Subscribe Subscribe The Guardian home ____________________ Search * News * Sport * Comment * Culture * Business * Money * Life & style * Travel * Environment * Tech * TV * Video * Dating * Offers * Jobs * News * World news * G8 Economics blog badge * Next * Previous * Blog home G8 deal on tax havens a long way off Western leaders are unlikely to deliver anything comprehensive now – but the fact they are discussing the issue is progress * Share * Tweet this * * [pin_it_button.png] * * Email Campaigners dressed as businessmen at a protest in London Campaigners dressed as businessmen at a protest in London calling for a crackdown on tax havens before the G8 summit in Northern Ireland. Photograph: Justin Tallis/AFP/Getty Images It is possible that the G8 will agree a deal on tax havens that will be comprehensive, public and provide rich and poor countries alike with access to the same hitherto highly secret information. But not this year. The steps that will be announced at the end of the talks in Lough Erne, unless beefed up considerably in the next 24 hours, will be modest and will disappoint those who thought David Cameron was capable of something meatier. At best they will be the start of a long campaign that will, like the battle to secure debt relief for the world's poorest nations, gather momentum over time. At worst, the issue will be kicked into the long grass, with much blustery talk about working groups, pilot schemes and consultation processes but little commitment to do anything. It is worth noting, however, that a year ago the idea that tax havens would be on the G8 agenda at all would have been laughable. So the fact that the west's leaders are discussing the issue is progress. As is Cameron's success in getting Britain's crown dependencies and overseas territories to commit to a multilateral framework on exchange of information about tax matters. That was something Labour failed to do during its 13 years in power. It is not hard to see why western governments have become a lot more interested in the shadowy dealings of tax havens and the multinational companies that use them: they need money to fill the black hole in public finances caused by recession. What's more, they are finding that voters are mightily unhappy about footing the bill when the likes of Google and Amazon are able to play the system. Cameron, of course, could have cracked the whip with the crown dependencies and the overseas territories at any time: he didn't need a G8 summit to do so. But it was obvious that he would not be taken seriously by the rest of the club unless he did put the UK's own house in order. So far so good. Why, then, are some NGOs concerned about the outcome of the summit? There are three main reasons. The first is that the prime minister's deal with the UK's own tax havens is not nearly as comprehensive or groundbreaking as the hype has suggested. Tax havens such as the British Virgin Islands will not have to exchange information automatically, will only have to share information they already collect, and will not have to make details of the beneficiaries of account publicly available. Campaigners are particularly unhappy about this issue of beneficial ownership and want to see some signs that the UK is pushing for a public registry, perhaps with a group of like-minded countries such as France and Germany. The second concern is that the G8 may agree a deal on exchange of tax information that will exclude developing countries on the grounds that they are not ready to take part. There was talk at the weekend of one or two of the bigger and more advanced developing countries taking part or of a pilot scheme that would explore whether poor countries could join in the fullness of time. This, though, will not be enough to satisfy campaigners who point out that developing countries lose three times as much from tax evasion as they get from aid. Finally, there is the question of where the tax haven issue goes from here. The success of the debt campaign was that it kept the question of unpayable debt on the G8 agenda year after year. But Russia has no great interest in pushing for action on tax havens when it hosts next year's G8 summit, so it may not be until Germany hosts the 2015 meeting that the issue resurfaces. In the meantime, the G8 may decide to shunt action on tax havens off to the G20 and the Organisation for Economic Co-operation, where any progress will be at a glacial pace. The coalition that has been lobbying on behalf of developing countries does not know quite to make of all this. It believes Cameron deserves credit for putting tax on the agenda but wants a deal that has substance. As things stand, that is not the case. Daily Email close Sign up for the Guardian Today Our editors' picks for the day's top news and commentary delivered to your inbox each morning. Sign up for the daily email Larry Elliott Posted by Larry Elliott Sunday 16 June 2013 20.04 BST theguardian.com * Print this Print this * Share * Contact us Send to a friend Close this popup Sender's name ____________________ Recipient's email address ____________________ Send Your IP address will be logged Share Close this popup Short link for this page: http://gu.com/p/3gj4f * StumbleUpon * reddit * Tumblr * Digg * LinkedIn * Google Bookmarks * del.icio.us * livejournal * Facebook * Twitter Contact us Close this popup * Report errors or inaccuracies: userhelp@theguardian.com * Letters for publication should be sent to: letters@theguardian.com * If you need help using the site: userhelp@theguardian.com * Call the main Guardian and Observer switchboard: +44 (0)20 3353 2000 * + Advertising guide + License/buy our content Article history About this article Close this popup G8 deal on tax havens a long way off This article was published on the Guardian website at 20.04 BST on Sunday 16 June 2013. It was last modified at 20.05 BST on Sunday 16 June 2013. 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Breakfast with Lucian by Geordie Greig £16.99 Search the Guardian bookshop ____________________ (BUTTON) Search Economics blog weekly archives Jun 2013 Previous Next M T W T F S S 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Sponsored feature guardian jobs Find the latest jobs in your sector: * Arts & heritage * Charities * Education * Environment * Government * Graduate * Health * Marketing & PR * Media * Sales * Senior executive * Social care Browse all jobs international_______ Search More from Economics on Monday In depth economics analysis every week from Larry Elliott * Latest: 29 Dec 2013: Why Britain needs a pay rise * Next: 23 Jun 2013: George Osborne needs to give Neets a chance – for the economy's sake | Katie Allan * Previous: 16 Jun 2013: All eyes on Mark Carney's first move as Bank of England's new governor Economics on Monday index * License/buy our content | * Privacy policy | * Terms & conditions | * Advertising guide | * Accessibility | * A-Z index | * Inside the Guardian blog | * About us | * Work for us | * Join our dating site today * © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. * Share * Tweet this * * Quantcast #alternate Skip to navigation Skip to content Help using this website - Accessibility statement JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings. * My News * My Clippings * My Comments * My History * My Benefits * Subscribe * Log in * Register Personalise your news, save articles to read later and customise settings If you have trouble accessing our login form below, you can go to our login page. If you have trouble accessing our login form below, you can go to our login page. The Sydney Morning Herald Business * News 1. Today's News & Views 2. Comment & Analysis 3. World Business 4. Mining & Resources 5. Banking & Finance 6. The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Michael West Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Banks use tax havens to conceal Business Date September 9, 2013 * (1) * (BUTTON) Read later Michael West Michael West Business columnist View more articles from Michael West Email Michael * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist; cat1=columnist;cat=bus;ctype=article;sz=120x50;tile=3;ord=2.7747447 E7? Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/columnist;cat1 =columnist;cat=bus;ctype=article;pos=3;sz=300x250;tile=4;ord=2.7747447E 7? What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. It would do no good, for instance, for this reporter to inquire why Macquarie's Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn Absolute Strategies SPC) is domiciled in the Cayman Islands. One can only surmise that if the shareholders and directors of this Caliburn wanted their business known more intimately by the public they would not be locating it in the Caymans. Same deal for Rupert Murdoch's News Corp, with its 19 Caymans companies, 17 entities in Mauritius and a prolific 25 in the British Virgin Islands. This is not to say, as a generalisation, that there is anything wrong with minimising tax. Within the law, it is perfectly acceptable to get your tax bill down. Just as, in a democracy that holds dear to the principles of free speech, a journalist is perfectly entitled to say, for instance, that Google Australia is a disgrace for paying almost no tax on its billions in income in this country. Google - which shifts its profits offshore to low-tax jurisdictions - is a worse offender on aggressive tax plays than Macquarie or News. For governments and their citizens around the world, however, the law is proving to be a blunt and clumsy instrument when it comes to enforcing tax. If Joe Citizen pulls off a $2000 swiftie on the social security apparatus he could invite a stint behind bars for his second offence. If Joe Corporation Limited pulls off a fancy $200 million tax scam and is pinged by the Australian Taxation Office, it merely behaves in an indignant and victimised manner, cites its expensive legal advice and appeals the impertinence of the taxman in the Federal Court. Joe Citizen picks up a good deal of the costs - the silks, the solicitors, the lot - even if Joe Corporation loses. Appealing and appealing again are deductible expenses of doing business. The point of all this is that tax is soon to be an increasingly public issue globally as governments struggle to fund their deficits in the face of ever more sophisticated corporate tax frolics. But, the taxman is turning up the screws - as evinced by last week's judgment in the Federal Court, where Justice Richard Edmonds tossed out Macquarie's application for an injunction to stop the ATO from issuing amended tax assessments for 2006, 2007 and 2008. An amended assessment, potentially in the vicinity of $295 million, poses not merely financial risk but reputational risk too. Which brings us to last month's story here that Sydney Airport had paid no tax since Macquarie bought it in 2002. We are going to undertake a ''reverse James Hird'' here - that is, do the opposite of saying sorry while not really meaning it and claiming to have done nothing wrong. While the story was correct, and we don't apologise for it, it did suffer from an error of omission for which we owe further clarity on Macquarie's behalf. Thanks to its trust structure, it is the investors, rather than the airport, which are obliged to pay tax - not that they necessarily do (vid the ATO's investigation into the redeemable preference shares). Still, trust or not, this stuff needs to be tightened up. As one of the finest tax brains in the country chuckled in the aftermath of the story: ''It's a 'zero leakage' structure, as we call it in the tax trade''! * Tweet * * * * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 ELECTRICITY. MELB.000407. AFR . PIC BY JESSICA SHAPIRO... ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES. 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The Economy * Markets * Quotes * Portfolio * Money * Property Focus * Small Business + Startup + Growing + Managing + Franchising + Trends + Entrepreneur + Marketing + Finance + Technology + Resources * Executive Style * Compare & Save + Credit Cards + Debit Cards + Home Loans + Personal Loans + Car Loans + Term Deposits + Bank Accounts + Saving Accounts * Events You are here: Home BusinessDay Search smh: ____________________ Search in: * Business + smh.com.au + Web + Business Search Accused controls tax haven companies Business Date October 21, 2013 * (1) * (BUTTON) Read later Ben Butler Ben Butler Business reporter View more articles from Ben Butler Email Ben * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions * IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat= bus;ctype=article;sz=120x50;tile=3;ord=259595.0? Offshoring: tax arrangements described as 'Byzantine in their complexity'. Offshoring: tax arrangements described as 'Byzantine in their complexity'. Formerly secret Cayman Islands documents reveal that Sydney businessman Vanda Gould, who was charged last week with serious tax and money laundering offences, controls two companies in the Caribbean tax haven. The documents are evidence in a civil case in which overseas companies allegedly associated with Mr Gould and his co-accused, John Leaver and Peter Borgas, are attempting to claw back tax bills totalling about $40 million. Mr Gould is the chairman of listed investment company CVC and Mr Leaver, a former director of Gold Coast developer Sunland, is also on the board. In the Federal Court case, the Tax Office alleges the offshore network brought $19.45 million back into Australia, much of which went to Mr Gould and Mr Leaver. Advertisement IFRAME: http://ad-apac.doubleclick.net/N6411/adi/onl.smh.bus/bus/print;cat=bus; ctype=article;pos=3;sz=300x250;tile=4;ord=259595.0? It alleges $3.4 million of tax haven money went towards the purchase of four apartments by a company associated with Mr Gould and Mr Leaver, while an additional $1.9 million helped fund the purchase of a property in Woollahra by Mr Leaver's daughter. Messrs Gould, Leaver and Borgas were arrested last week and charged with conspiracy to dishonestly cause a loss to the Commonwealth and conspiracy to use $30 million as an instrument of crime - offences that carry jail terms of 10 years and 25 years respectively. They have been released from custody after lodging bail money totalling $12 million. Mr Gould is not registered as a director or shareholder of either Cayman Islands company, MH Investments and JA Investments. However, the court documents show he signed nominee agreements on August 31, 2005, describing him as the ''appointer'' of both companies. The word ''appointer'' has been handwritten into the documents, replacing the printed word ''beneficiary''. In both agreements, nominees appointed by Mr Gould declare they hold the shares on his behalf and promise to vote as directed by him ''to enable the appointer to exercise all of the rights and privileges as a shareholder of the company''. The nominees also promise to act as company directors and ''vote as directed by the appointer at all times when acting as a director of the company''. Mr Borgas, a Belgian citizen who lives in Switzerland, is the sole director and sole shareholder of each company, and his wife Winny serves as assistant secretary. In the Federal Court case, which continues despite the arrests, several offshore companies are challenging the Tax Office's contention they are Australian residents and should pay local tax on profits from share trading. The offshore arrangements, described as ''Byzantine in their complexity'' by Justice Nye Perram, take in a dizzying array of companies and professionals in tax havens including Vanuatu, Singapore and the British Virgin Islands. Chemical Trustees, Derrin Brothers Properties and Bywater Investments, of the Bahamas, have told the court they are controlled by Mr Borgas from his base in Switzerland. Southgate Investment Funds claims to be controlled from London, while Hua Wang Bank Berhad, of Western Samoa, claims to be managed from the Samoan capital, Apia. The Tax Office alleges JA Investments and MH Investments own the network of companies and Mr Gould controls all of them except Southgate, which it alleges is controlled by retired Sydney anaesthetist Joseph David Ross. It alleges Messrs Gould, Leaver and Ross funded the offshore network by buying life insurance policies from Fidelity Pacific Life Insurance Company, which operates from tax haven Vanuatu and claims on its website that although ''death is inevitable taxation does not have to be''. The Tax Office alleges that among the companies paying premiums was Planette Thoroughbred Trading - a company owned by Mr Gould and Mr Leaver that ran racehorses with radio shock jock Alan Jones and Racing NSW chairman John Messara. It also alleges that on the instructions of Mr Gould, Fidelity deposited funds with the Bank of Commerce (Micronesia) in Vanuatu, which then loaned it on to companies in the offshore network. Profits from share trading were then allegedly repatriated as loans, which were used to buy property and fund companies controlled by Mr Gould and Mr Leaver. * Tweet * * * * Pin It * submit to reddit * Email article * Print * Reprints & permissions Advertisement Most popular 1 ELECTRICITY. 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Review our cookies information for more details This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details Tax havens The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman Feb 16th 2013 | From the print edition * * Tweet CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are scrimping to pay their bills, attacks are mounting on tax havens and those that use them. In Europe the anger has focused on big firms. Amazon and Starbucks have faced consumer boycotts for using clever accounting tricks to book profits in tax havens while reducing their bills in the countries where they do business. David Cameron has put tackling corporate tax-avoidance at the top of the G8 agenda. America has taken aim at tax-dodging individuals and the banks that help them. Congress has passed the Foreign Account Tax Compliance Act (FATCA), which forces foreign financial firms to disclose their American clients. Any whiff of offshore funds has become a political liability. During last year’s presidential campaign Mitt Romney was excoriated by Democrats for his holdings in the Cayman Islands. Now Jack Lew, Barack Obama’s nominee for treasury secretary, is under fire for once having an interest in a Cayman fund. In this section * The missing $20 trillion * Who can save Italy? * Phoney currency wars * Come on, TTIP * Grey squirrels Reprints Related topics * Starbucks * Barack Obama * Miami * Delaware * Cayman Islands Getting rich people to pay their dues is an admirable ambition, but this attack is both hypocritical and misguided. It may be good populist politics, but leaders who want to make their countries work better should focus instead on cleaning up their own back yards and reforming their tax systems. Dodgy of Delaware The archetypal tax haven may be a palm-fringed island, but as our special report this week makes clear, there is nothing small about offshore finance. If you define a tax haven as a place that tries to attract non-resident funds by offering light regulation, low (or zero) taxation and secrecy, then the world has 50-60 such havens. These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers. Nobody really knows how much money is stashed away: estimates vary from way below to way above $20 trillion. Not all these havens are in sunny climes; indeed not all are technically offshore. Mr Obama likes to cite Ugland House, a building in the Cayman Islands that is officially home to 18,000 companies, as the epitome of a rigged system. But Ugland House is not a patch on Delaware (population 917,092), which is home to 945,000 companies, many of which are dodgy shells. Miami is a massive offshore banking centre, offering depositors from emerging markets the sort of protection from prying eyes that their home countries can no longer get away with. The City of London, which pioneered offshore currency trading in the 1950s, still specialises in helping non-residents get around the rules. British shell companies and limited-liability partnerships regularly crop up in criminal cases. London is no better than the Cayman Islands when it comes to controls against money laundering. Other European Union countries are global hubs for a different sort of tax avoidance: companies divert profits to brass-plate subsidiaries in low-tax Luxembourg, Ireland and the Netherlands. Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America’s FATCA, small offshore centres are handing over more data to their clients’ home countries—while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true “beneficial” owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. Want more tax? Lower the tax rate Transparency will also help curb the more aggressive forms of corporate tax avoidance. As Starbucks’s experience has shown, companies that shift money around to minimise their tax bills endanger their reputations. The more information consumers have about such dodges, the better. Moral pressure is not the whole answer, though: consumers get bored with campaigns, and governments should not bash companies for trying to reduce their tax bills, if they do so legally. In the end, tax systems must be reformed. Governments need to make it harder for companies to use internal (“transfer”) pricing to avoid tax. Companies should be made to book activity where it actually takes place. Several federal economies, including America, already prevent companies from exploiting the differences between states’ rules. An international agreement along those lines is needed. Governments also need to lower corporate tax rates. Tapping companies is inefficient: firms pass the burden on to others. Better to tax directly those who ultimately pay—whether owners of capital, workers or consumers. Nor do corporate taxes raise much money: barely more than 2% of GDP (8.5% of tax revenue) in America and 2.7% in Britain. Abolishing corporate tax would create its own problems, as it would encourage rich people to turn themselves into companies. But a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders. These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. But if politicians really want to tax the missing $20 trillion, that’s where they should start. From the print edition: Leaders * Recommend 242 * * Tweet * Submit to reddit * * View all comments (185) Related items TOPIC: Starbucks » * Business this week * America's tea revolution: A nation rediscovers its old drinking habits * Business this week TOPIC: Barack Obama » * NSA snooping: Judge v spies * Inequality: A defining issue, for poor people * The politics of low pay: Raising the floor TOPIC: Miami » * Stealing from the government: SIRF’s up * Scandal in college football: Mr Pot, meet Mr Kettle * Onshore financial centres: Not a palm tree in sight TOPIC: Delaware » * Delaware’s corporate courts: A new judicial boss * A memo to the world’s dictators: Subject: Asset protection and regime change * Education: Value-added remodelling More related topics: * Cayman Islands * United States * Taxes Want more? Subscribe to The Economist and get the week's most relevant news and analysis. * Comment (185) * Print * E-mail * Reprints & permissions * Advertisement Follow The Economist * Facebook * Twitter Follow @TheEconomist * Linked in Follow * Google plus * Tumblr Follow * Pinterest Follow * YouTube Follow * RSS RSS feeds by section & topic Excerpts from the print edition & blogs » * Mail Free e-mail newsletters Editor's Highlights, The World This Week, and more » Latest blog posts - All times are GMT [_0017_baobab.png] Madagascar's election: A nervous wait Baobab December 30th, 16:55 [_0020_east_approaches.png] Terrorism in Russia: A threat made real Eastern approaches December 30th, 15:41 [_0007_graphicdetail.png] Daily chart: Less is Moore Graphic detail December 30th, 12:05 [_0003_casandra.png] Transistors: Moore or less Cassandra December 30th, 11:43 [_0006_guliver.png] Airline food: Is airline food taking off? 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We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Honour for campaigner who exposed horrific neglect at NHS hospital * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Fight temptation: The brain tries to make you slip back into old habits You can silence the little voice in your head that says 'You deserve a treat'... PAUL MCKENNA'S tricks to beat comfort eating * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Bye bye, Britain! Sir Richard Branson sells Oxfordshire mansion and moves to holiday island tax haven home * Virgin Group founder decides to leave UK for the British Virgin Islands * Has famously draped himself in the Union Flag to promote his business * Sir Richard insists he has left for his love of BVI rather than tax reasons By Vanessa Allen PUBLISHED: 11:05 GMT, 13 October 2013 | UPDATED: 22:48 GMT, 13 October 2013 * * * * 468 shares 817 View comments As Britain’s best-known entrepreneur he has not been shy of wrapping himself – and his airline – in the Union flag. But billionaire Sir Richard Branson has quit the UK to live full-time on his holiday island in a Caribbean tax haven, it was revealed yesterday. The Virgin tycoon said he and wife Joan had chosen to move permanently to Necker as it allowed them to ‘live life to the full’ and enabled him to pursue hobbies including kite-surfing, tennis and pilates. Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands Saying goodbye: Sir Richard Branson has draped himself in the Union Flag to promote his business in the past. He is pictured here in Dubai in 2006. Now he is living on his holiday island of Necker in the British Virgin Islands The 63-year-old denied reports he had left Britain to become a tax exile, saying he was too wealthy to allow tax considerations to dictate where he should live. The British Virgin Islands have an income tax rate of zero, rather than the 45 per cent top rate in the UK. Sir Richard said: ‘I have not left Britain for tax reasons, but for my love of the beautiful British Virgin Islands and in particular Necker Island... We feel it gives me and my wife Joan the best chance to live another productive few decades. We can also look after our health. More... * Now Labour claims it will crack down on Britain's giant welfare bill as new shadow minister promises to be tougher than Tories on long-term unemployed * Why I told my hunny bunny to hop off: The utterly shameless tale of the ex-porn baron who rotated 52 lovers in a 'league format'... until he fell foul of one * 'Tax credits would really help us to export to new markets': Give companies tax break says HSBC bank as overseas sales fall ‘There is no better place to stay active and I can kite-surf, surf, play tennis, swim, do pilates and just play.’ Sir Richard previously lived in a 200-acre Oxfordshire estate and a mansion in Holland Park, West London. The London property was sold almost seven years ago and documents lodged with the Land Registry show the Oxfordshire estate was sold to his children, Holly and Sam, for £1.35million in August last year. Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Home sweet home: Sir Richard is now living on his holiday island of Necker in the British Virgin Islands Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Inside the home: A spokesman for Virgin Group founder Sir Richard said he had been in Necker for seven years Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Blaze: The property on Necker Island had to be rebuilt after parts were destroyed by a house fire in August 2011 Sir Richard, who is worth an estimated £3.5billion, has previously criticised wealthy individuals who left Britain to escape high tax rates. Earlier this year he said Britain’s tax regime was ‘very reasonable’ when compared to countries such as France, where high earners pay 80 per cent tax, and said it would be wrong for Chancellor George Osborne to lower rates for the wealthy. In a statement on the Virgin website yesterday, he said: ‘I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons.’ Sir Richard will continue to pay tax on any UK income but Virgin Group Holdings, which encompasses his business empire, is controlled by family trusts based in the BVI, according to The Sunday Times. From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago From above: Sir Richard sold his Oxfordshire mansion to his children Holly, 31, and Sam, 28, for £1.35million in August last year - but the transfer is said to have taken place up to five years ago Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Siblings: Holly and Sam, children of Sir Richard Branson, pictured at London's Royal Albert Hall in January 2008 Although he remains the public face of Virgin he said he now devoted the vast majority of his time to not-for-profit ventures and charity. Sir Richard added: ‘The companies... have created tens of thousands of jobs and paid hundreds of millions in tax (and will continue to do so)... I also travel the world sharing what I’ve learned by doing speeches and trying to help the next generation of entrepreneurs. ‘One hundred per cent of any monies I earn from these engagements I give to charity. This amounts to many millions per year, and will continue to do so.’ Sir Richard’s spokesman said he had lived on Necker for seven years and stressed it made no difference for tax purposes if he lived in the UK or the BVI. Read more: * The Sunday Times: Goodbye, Britain: I'm a tax exile Share or comment on this article * * * * * * 468 shares MOST WATCHED NEWS VIDEOS * Previous * 1 * 2 * 3 * Next * [video-undefined-1A4B43D100000578-734_154x115.jpg] TERRIFIED shoppers look on at gypsy-style bare knuckle fight... * [video-undefined-1A4F6FFC00000578-721_154x115.jpg] Dramatic footage released by police shows them attacking... * [video-undefined-1899914800000578-227_154x115.jpg] What were you thinking? 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[icon_comments_74.png] Comments (817) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [4243301_p.jpg?cb=20131231] Robert, Atlanta, 2 months ago No amount of examples will ever convince the left since their entire belief system is built upon class warfare. 4 11 Click to rate [4425273_p.jpg?cb=20131231] David Smith, Leominster, 2 months ago This is the man who always shouts for Britain and how we should stay in the eu. And now he's going. 5 10 Click to rate [6333922_p.jpg?cb=20131231] LoadedBoo, Liverpool, 2 months ago the man is a living legend and a credit to this country, I wish him the best of luck. 11 38 Click to rate [3066015_p.jpg?cb=20131231] MiniLin, Boston, United States, 2 months ago Sir Richard's wife, Joan, loves Necker and once when he was about to take off on one of his crazy hot air balloon adventures she actually asked him to will Necker to her in case anything would happen to him because that is where she wished to retire. I do believe that is where they first met, her Father being one of the building contractors on the original Bali High. So his move makes perfect sense. Wishing them much happiness in their paradise of choice. 5 22 Click to rate [1369572864324441_p.jpg?cb=20131231] Lynddonroberts, N Wales, United Kingdom, 2 months ago Oh come on, where would you rather live? 3 40 Click to rate [5750367_p.jpg?cb=20131231] ladysam, southampton, 2 months ago Be honest, who wouldn't leave broken, overcrowded, expensive, highly-taxed Britain? I want to condemn him but I don't blame him at all, sadly. 2 32 Click to rate [1355322495120343_p.jpg?cb=20131231] Yorkshire, Halifax, United Kingdom, 2 months ago Richard for PM! Someone with some common sense and a brain! If the government were a business they'd have gone under years ago with all that debt! They are incompetent and maybe people with business minds would do a much better job of managing the country's finances. 5 18 Click to rate [5132195_p.jpg?cb=20131231] sanddancer, UAE, 2 months ago Any rich person with any sense would leave the UK. The tax system diabolical to say the least. From tax on wages to the tax on the product we buy and to cap it, tax on the profit. Least we forget road tax and fuel to get it to us. Tax, tax, tax. 2 20 Click to rate [5033329_p.jpg?cb=20131231] Agent Smith, S.Yorks, United Kingdom, 2 months ago Branson was Thatcher's favourite Tory and he hasn't changed. 10 8 Click to rate [6044777_p.jpg?cb=20131231] Alex, London, United Kingdom, 2 months ago Good riddance!!! 31 11 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... 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Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Fight temptation: The brain tries to make you slip back into old habits How to silence the little voice in your head that says: 'You deserve a treat' * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * To many he's a national treasure. But Alan Bennett's attack on Lady T is a part of a sneering, subversive attitude in much of his work A false icon - and a real one: The crabby, petulant Alan Bennett and the great colossus of our age, Margaret... * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? 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LIVE + Tomorrow Dick Cavett & Musician Kyle Riabko LIVE + Go to HuffPost Live * ALL SECTIONS News + Politics + World + Business + Small Business + Money + Media + Sports + Education + Crime + Weird News + Good News Entertainment + Entertainment + Celebrity + Comedy + Arts & Culture + Books + TV Life & Style + Healthy Living + GPS for the Soul + Style + Home + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Code Voices + Women + Black Voices + Latino Voices + Voces (en español) + Gay Voices + Religion + College + Teen + Impact Local + Chicago + DC + Denver + Detroit + Hawaii + Los Angeles + Miami + New York + San Francisco Our Mobile Apps + iOS App + HuffPost Live iOS + Android App Politics * Pollster * Elections 2014 * 2016 * Eat The Press * HuffPost Hill * CPI * Radley Balko's The Agitator * Third Metric * Howard Fineman's Political Read Shahien Nasiripour Shahien Nasiripour Become a fan shahien@huffingtonpost.com Christina Wilkie Christina Wilkie Become a fan christina.wilkie@huffingtonpost.com Paul Blumenthal Paul Blumenthal Become a fan paulblumenthal@huffingtonpost.com Offshore Tax-Haven Data Made Public As Companies Brace For Scrutiny Posted: 06/14/2013 10:00 pm EDT | Updated: 06/17/2013 12:29 pm EDT reddit stumble Share on Google+ Get Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, Apple, Video, Deutsche Bank, Tax Evasion, Corporate Taxes, Offshore Tax Haven, Offshore Tax Havens, Tax Havens, Tim Cook, Ubs, Politics News WASHINGTON -- The International Consortium of Investigative Journalists (ICIJ) on Friday made public what it calls the most extensive collection of records on offshore accounts in history, encouraging sleuths to ferret out possible tax evasion. The online portal, called the Offshore Leaks Database, contains hundreds of thousands of records showing corporations set up in so-called "tax-haven" countries, gleaned from the contents of about 2.5 million emails and financial documents that ICIJ said it received in early 2012. Over the past year, the data have been used by journalists around the world to detail alleged tax evasion by billionaires, oligarchs, emirs, princes and multinational corporations on nearly every continent. Publication of the documents may heighten scrutiny of some of the world's largest financial institutions and their clients. Governments worldwide have renewed efforts to stamp out tax avoidance as fiscal authorities, including those from Europe and the United States, confront record budget deficits and slow-growth economies. Click here to search the Offshore Leaks Database. A 2012 report by the Tax Justice Network (TJN) found that untaxed wealth invested in offshore tax havens ran between $28 and $32 trillion, equal to two years’ worth of U.S. economic output. The report estimated that if the money were to have been invested in home countries, even at low rates of return, it could have generated hundreds of billions of dollars per year in tax revenue. The TJN report also described the secrecy enveloping the world of offshore tax havens as a "subterranean system that … is the economic equivalent of an astrophysical black hole." The new ICIJ OffShore Leaks Database provides a small window into that world for the public to peruse. The database contains documents covering 30 years from the British Virgin Islands, Cayman Islands, Cook Islands, Singapore, Hong Kong, Samoa, Seychelles, Mauritius, Labuan and Malaysia. According to ICIJ, the information came from a leak of documents from two offshore service companies, Singapore-based Portcullis TrustNet and British Virgin Islands-based Commonwealth Trust Limited (CTL). The documents have been used to unearth stories, starting in April 2013, about tax evasion by politicians in Canada, France, Malaysia, Mongolia, Pakistan and the Philippines; how offshore companies are used to hide the foreign investors in London's real estate market; the use of tax havens to buy and sell on the fine art market; the involvement of companies like Deutsche Bank to help create offshore entities; arms trading in war zones; and how the world's ultra-rich hide their money from taxation. In making the database freely available, ICIJ hopes to engage the public in its ongoing work to expose the use of offshore tax havens by international corporations and wealthy individuals. Readers are encouraged to contact journalists if they come across promising leads. Tax havens are nations that offer favorable tax treatment to assets held within their boundaries, often offering zero or near-zero tax rates with very few questions asked. Bermuda, the British Virgin Islands, Dubai and the micro-state of Jersey, off the coast of England, are just a few of the countries that host corporate entities and trusts created by the world's wealthy and powerful to shield their money from taxes in their home-country. While the transactions listed in the database likely are legal in countries considered to be tax havens, use of offshore accounts by a corporation or individual often is decried as tax evasion in home countries, regardless of the circumstances. In some cases, authorities have targeted offshore accounts when accusing banks of facilitating illegal tax evasion. UBS, Switzerland’s largest bank, in 2009 avoided criminal prosecution by entering into a deferred-prosecution agreement and paying $780 million to settle allegations it defrauded the U.S. government. The bank admitted it participated in a scheme to defraud the federal government by "actively assisting or otherwise facilitating" tax evasion by Americans from 2000 to 2007. Peter Kurer, then-chairman of UBS, said at the time: "UBS sincerely regrets the compliance failures in its U.S. cross-border business that have been identified by the various government investigations in Switzerland and the U.S., as well as our own internal review. We accept full responsibility for these improper activities." Thousands of wealthy U.S. customers eventually turned themselves in. The Swiss government also turned over the identities of U.S. account holders to U.S. officials. In 2010, Deutsche Bank, Germany’s largest lender, agreed to pay $554 million to U.S. authorities to settle criminal accusations that it helped create fraudulent tax shelters for clients from 1996 to 2002 that deprived the U.S. Treasury of revenue. The bank admitted wrongdoing and entered into a non-prosecution agreement. At the time, the bank said it was “pleased that this investigation, which concerned transactions that ceased more than eight years ago, has come to a resolution.” “Since 2002, the bank has significantly strengthened its policies and procedures as part of an ongoing effort to ensure strict adherence to the law and the highest standards of ethical conduct,” it added. In response to growing allegations of evasion, the U.S. in 2010 enacted the Foreign Account Tax Compliance Act (FATCA) to enlist financial institutions in the government’s fight to recoup lost tax revenues. FATCA forces foreign banks to report information on overseas accounts held by U.S. individuals and businesses, and foreign corporations in which U.S. taxpayers hold a substantial ownership stake. Other nations are now following suit. The eight leading industrialized nations that comprise the Group of Eight (G8) are due to discuss efforts to combat tax dodging at their coming meeting June 17-18 in Northern Ireland. “The upcoming G8 summit is poised to deliver a hammer blow to offshore corporate tax avoidance," Sen. Carl Levin (D-Mich.) said. “The G8 summit should take advantage of the emerging international consensus that we can no longer allow profitable multinational corporations to play one country off another, ducking corporate taxes and leaving other taxpayers to pick up the slack,” he added. Banks that structure and facilitate offshore corporate entities designed to minimize tax payments may feel the brunt of the pressure. A review by The Huffington Post of the ICIJ database, which comprises only a portion of the total data trove in the leak, revealed that UBS was linked to more than 3,000 offshore accounts. It allegedly served as a "master client” -- defined by the ICIJ as "an intermediary or go-between who helps a client set up an offshore entity” -- or as a "nominee shareholder," a shareholder who is not the real owner or beneficiary of the corporation. The bank declined to comment. The database shows Deutsche Bank linked to more than 1,000 offshore accounts. A spokesman declined to comment. Though not all of the offshore accounts listed in the database are currently active -- many are listed as defunct or dissolved -- the data covers three decades of offshore accounts, potentially providing tax authorities with a road map to discover tax cheats. A slew of ICIJ-inspired reporting in April had dramatic effects. Herbert Stepic, Raiffeisen Bank International chief executive, resigned his post after news reports alleged he had numerous offshore accounts. A month later, police in South Korea raided the home of business titan Lee Jay-Hyun, CJ Group chairman and a billionaire grandson of Samsung founder Lee Byung-Chul, as part of a tax evasion probe. The revelations unearthed by ICIJ and journalists around the world also prompted stern responses from a number of European leaders, and in some cases helped lead to calls for changes in laws to promote banking transparency and prevent tax evasion. In May, British Prime Minister David Cameron said at a White House press conference that “we need to know who really owns a company, who profits from it, whether taxes are paid.” Algirdas Šemeta, the European commissioner for taxation, said: “Recent developments, fueled by the outcome of the Offshore Leaks, confirms the urgency for more and better action against tax evasion." Šemeta further called for European nations operating as tax havens, including Luxembourg and Monaco, as well as protectorates controlled by European countries like the British Virgin Islands, to adopt the European Union's standard of banking transparency. After Šemeta's statements, Luxembourg announced that it would end secret banking for investments by European nationals. Britain's overseas territories also announced that they would begin sharing banking information with the United Kingdom, France, Germany, Italy and Spain. In Washington, ongoing congressional hearings on American companies' use of offshore tax havens to avoid paying U.S. corporate taxes appeared to reach an apex in May, when Apple CEO Tim Cook testified before Levin’s Senate investigative subcommittee on the company’s aggressive use of strategies allegedly for the sole purpose of minimizing taxes. “We pay all the taxes we owe, every single dollar. We not only comply with the laws, but we comply with the spirit of the laws,” Cook said. Also on HuffPost: Loading Slideshow ... * Alabama State Capitol (Montgomery, Ala.) Pictured on Tuesday, Feb. 7, 2012. (AP Photo/Dave Martin) * Alaska State Capitol (Juneau, Alaska) Pictured on Tuesday, Jan. 18, 2011. (AP Photo/Chris Miller) * Arizona State Capitol (Phoenix) Pictured on Friday, April 23, 2010. (Photo by John Moore/Getty Images) * Arkansas State Capitol (Little Rock, Ark.) Pictured on Wednesday, Nov. 30, 2011. (AP Photo/Danny Johnston) * California State Capitol (Sacramento, Calif.) Pictured on Thursday, Jan. 5, 2006. (Photo by David Paul Morris/Getty Images) * Colorado State Capitol (Denver) Pictured on Thursday, Oct. 26, 2006. (Photo by Doug Pensinger/Getty Images) * Connecticut State Capitol (Hartford, Conn.) Pictured on Tuesday, Feb. 7, 1999. (AP Photo/Bob Child) * Delaware State Capitol (Dover, Del.) * Florida State Capitol (Tallahassee, Fla.) Pictured on Monday, Jan. 3, 2011. 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All rights reserved. * Part of HPMG News Quantcast HuffPost Lightbox #RSS Feed for Manchester City articles - Telegraph.co.uk < img alt="dcsimg" id="dcsimg" width="1" height="1" src="//webtrends.telegraph.co.uk/dcsshgbi400000gscd62rrg43_4o2o/njs.gif ?MLC=&Channel=&Genre=&Category=&Content_Type=&Level=&source=&dcsuri=/no javascript&WT.js=No&WT.tv=10.2.10&dcssip=www.telegraph.co.uk"/> [p?c1=2&c2=6035736&cv=2.0&cj=1] Accessibility links * Skip to article * Skip to navigation [telegraph_print_190.gif] Advertisement Telegraph.co.uk ___________________ Submit Tuesday 31 December 2013 * Home * News * World * Sport * Finance * Comment * Culture * Travel * Life * Women * Fashion * Luxury * Tech * Dating * Offers * Jobs * Football * The Ashes * Rugby Union * World Cup * Tennis * Cycling * Golf * Cricket * Racing * UFC * Other Sports * Fantasy Football * World Cup * Live Scores * Transfers * Teams * Fixtures * Results * Tables * Galleries * Fantasy Football 1. Home>> 2. Sport>> 3. Football>> 4. Teams>> 5. Manchester City Manchester City's Manuel Pellegrini registers image rights in tax haven Guernsey move could see Chilean exploit favourable tax rates on any earnings from his commercial image Guernsey move could see Manuel Pellegrini exploit favourable tax rates on any earnings from his commercial image Commercial plan: Manuel Pellegrini lodged the application to register his image rights last month Photo: ACTION IMAGES Mark Ogden By Mark Ogden 8:02PM BST 09 Oct 2013 Follow Comments Comments Manchester City manager Manuel Pellegrini has taken the unusual step of applying to register his image rights on the Channel Island of Guernsey. Pellegrini, who left his position as Malaga manager to succeed Roberto Mancini at the Etihad Stadium at the end of last season, lodged the application through the Finsbury Image Rights company last month. While City officials have insisted that the issue is a personal matter and unrelated to the club, the move could see the 60-year-old Chilean exploit favourable tax rates should any royalties for the use of his commercial image be deposited through a Guernsey-based company rather than being subject to a 50 per cent tax rate in the UK. If the individual concerned is not a Guernsey resident, the income will not be subject to income tax, local taxes or VAT, while corporation tax is charged at a rate of zero per cent. City could also forgo Pellegrini's UK National Insurance contributions should any image rights be paid via Guernsey. Related Articles * Kompany ruled out for four weeks 07 Oct 2013 * Hart emerges bruised not broken 06 Oct 2013 * Everton lose unbeaten record 05 Oct 2013 * Guardiola's perfection stuns City 03 Oct 2013 * Hart facing Manchester City axe 04 Oct 2013 Meanwhile, City are likely to discover the venue for their Champions League fixture away to CSKA Moscow before the end of this week. Uefa forced the club to stage their home game against Viktoria Plzen in St Petersburg last week after recent heavy rain in Moscow damaged the pitch at CSKA's Khimki Arena. However, the owners of the Khimki Arena have vowed to repair the playing surface in time for the City game on Oct 23. It has become a pivotal fixture in the group D, with the two clubs joint-second on three points each. Uefa is due to inspect the Khimki Arena this week. If the pitch is deemed unplayable, CSKA have identified as an alternative venue the city of Krasnodar, which is 750 miles south of Moscow. The return fixture is at the Etihad Stadium on Nov 5. 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View MASERATI GHIBLI Black and white picture of an old Maserati garage Scroll through this animated timeline to discover the prestigious history of Maserati View Telegraph Travel Hand-picked Our latest sales on holidays to Greece, Spain, Cyprus and more View Back to top * HOME * Rugby Union * England * Club * Football * Teams * Fixtures * Results * News * Cricket * England * Fixtures * Live Scoreboards * Formula One * Lewis Hamilton * Jenson Button * Teams * Finance * Rugby Union * Six Nations * British and Irish Lions * Fixtures * Other Sports * Cycling * Athletics * Sport A-Z * Lifestyle * Tennis * Andy Murray * Roger Federer * ATP Tour * Golf * European Tour * US Tour * Tiger Woods * Comment * Contact Us * Telegraph Journalists * Advertising * Fantasy Football * Announcements * Reader Prints * * Follow Us * Apps * Epaper * Expat * Promotions * Subscriber * Syndication (c) Copyright of Telegraph Media Group Limited 2013 Terms and Conditions Today's News Archive Style Book Weather Forecast #Mail Online Search publisher Mail Online News RSS feed * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * Money Home * Markets * Saving & banking * Investing * Bills * Cars * Holidays * Cards & loans * Pensions * Mortgages & home * Experts * Forums * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares Fresh call for crackdown on use of tax havens as UK's top firms found to be prolific users of offshore subsidiaries By Matt West PUBLISHED: 10:09 GMT, 13 May 2013 | UPDATED: 12:19 GMT, 13 May 2013 * * * * 27 View comments Only two FTSE 100 companies do not have offshore subsidiaries based in tax havens, research from the charity ActionAid revealed today as it called on the Prime Minister and leaders of the G8 industrialised nations to do more to end tax avoidance by the world's largest corporations. ActionAid found Footsie companies had 22,000 offshore subsidiaries of which 40 per cent - more than 8,000 - were located in tax havens. The findings come as David Cameron meets with US President Barack Obama to discuss a US-EU free trade agreement, which the Prime Minister believes would benefit the UK economy to the tune of £10billion a year and ahead of next month's G8 Summit in Northern Ireland. Tax avoidance: ActionAid's research found 98 out of the 100 companies that made up Britain's leading share index used offshore subsidiaries based in tax havens. Tax avoidance: ActionAid's research found 98 out of the 100 companies that made up Britain's leading share index used offshore subsidiaries based in tax havens. Writing in the Wall Street Journal today Mr Cameron said: `This deal could add as much as £10billion to the British economy and £63billion to US GDP. But the rest of the world would benefit too, with gains that could generate EUR100billion (£850billion) worldwide.' The research also comes less than a month after Chancellor George Osborne warned the Cayman Islands and British Virgin Islands that they risked losing their status as British Crown dependencies if they did not end their tax haven status. More... * The end of tax havens? Britain will lead global crackdown on tax avoidance, pledges Osborne * Chancellor warns British tax havens to comply with international tax laws or lose Crown dependency status * SUNDERLAND ON SATURDAY: Complex rules heighten the lure of tax havens On Saturday, at a meeting of G7 finance minister the Chancellor repeated his call for international action to fight tax avoidance adding it was 'incredibly important that companies and individuals pay the tax that is due'. However, ActionAid called for Britain to take a lead on the issue pointing out that one fifth of the world's tax havens have enjoyed historic links to the UK government, more than any other nation. The use of tax havens by multinational corporations has come in for significant criticism in the last year as companies such as Starbucks, Google, Vodafone and Amazon have all faced widespread protest while their top executives have faced a grilling by MPs over the amount of corporation tax they paid in the UK. Starbucks was revealed to have paid nothing in corporation tax in the last three years despite sales of £400million in 2011 and had only paid £8.6million since it began trading in the UK 14 years ago. ActionAid's research found 98 of the 100 companies that make up the blue chip index's components have subsidiaries in tax havens, while ten of those companies were headquartered in a tax haven. Moreover, despite 10 per cent of the FTSE 100's composition having changed since ActionAid's last analysis, all new entrants to the FTSE100 have subsidiaries in tax havens. IFRAME: http://aamapping-production.torchboxapps.com/taxhavens/ Banks were the most prolific users of tax havens. Over half (58 per cent) of all banks on the blue chip index, including Barclays Bank, HSBC and State-backed Lloyds Banking Group and Royal Bank of Scotland used overseas subsidiaries totalling 1,780 companies. ActionAid said its research was not proof of tax avoidance, and stressed it was not accusing the companies in the Footsie of tax avoidance or evasion. But its findings did highlight the extent of multinationals' operations in jurisdictions that could provide substantial tax advantages and help obscure information. It added the vast majority of companies that make up the FTSE 100 - 78 out of 100 - operate in developing countries, and every one of these companies was a prolific tax haven user. Developing countries constitute almost a third of the countries in which FTSE-100 banks operate, yet they have 13 times as many companies located in tax havens as in developing countries, ActionAid added. The charity's tax justice policy adviser, Mike Lewis, said tax havens remained a key link in the chain that allowed multinational companies and wealthy individuals to drain billions from poor countries. He said: `Tax havens are one of the biggest hidden obstacles in the fight against global poverty. Poor countries lose an estimated three times more money to tax havens than they receive in aid each year - money needed to build roads, fund schools and finance developing countries' own fight against hunger and poverty. `Four years after G20 leaders promised an end to tax havens, tax haven structures are near-universal amongst the UK's biggest multinationals.' `Now, with David Cameron promising action on tax havens at this year's G8, the problem is on the UK's doorstep. The UK is responsible for 1 in 5 of the world's tax havens - that's more than any other country.' ActionAid said stopping wealth being siphoned out of the poorest countries into tax havens was one of the most urgent tasks in the fight against hunger. But transparency deals recently negotiated by the UK and other European countries with tax havens only benefited developed nations. `David Cameron convenes the G8 leaders in Northern Ireland next month. They must deliver on their promise to call time on tax havens for the benefit of all countries, including the poorest,' Mr Lewis added. Share or comment on this article * * * * * * MOST READ MONEY * Previous * 1 * 2 * 3 * Next * Who gets the dog...and the pension: January blues: The start of the year is traditionally the busiest period for divorce lawyers I'm 61 and my husband is 52. 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Retirement rental hotspots: Pensioners renting in big cities... * Sleepwalking: Eurozone faces decades of deflation as people put off spending Eurozone sleepwalking into disaster as it 'faces decades of... [btn_add-your-comment.png] [icon_comments_74.png] Comments (27) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have not been moderated. [5703140_p.jpg?cb=20131231] Me, London, 6 months ago Instead of promises, why don't they setup a new bill to tax all these corporation on business billed in UK (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 0 0 Click to rate [1349820736527011_p.jpg?cb=20131231] Warning, Toxic, United Kingdom, 7 months ago So if they have to pay more tax, what happens to prices and jobs??????? (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 3 3 Click to rate [1368524719757361_p.jpg?cb=20131231] Don, Auch, France, 7 months ago I think the cyprusdonkey blogger has the right ideas on tax and government spending. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 0 1 Click to rate [1368490022095322_p.jpg?cb=20131231] Incognito56, London, United Kingdom, 7 months ago Wow. Let's make our international companies uncompetitive against international competition. Maybe they'll move elsewhere and we won't have to worry about them paying their fair share of tax any more. Or, better still, let's force them to go bankrupt. That will keep lots of accountants, bankers and lawyers in business for a couple of years. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 5 8 Click to rate [4724797_p.jpg?cb=20131231] peejoy, Nottingham, 7 months ago Why keep trying to flog a dead horse with this tax evasion by companies such as Starbucks. Instead, let them have to pay a license fee to operate here based on something like estimated earnings in the UK. If the estimated earnings are deemed too high then let the company must provide its real earnings. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 4 7 Click to rate [4084411_p.jpg?cb=20131231] Sally, London, United Kingdom, 7 months ago The Inland Revenue have been very busy in the last couple of years bullying the likes of you and I over a few measily quid. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 2 17 Click to rate [4130615_p.jpg?cb=20131231] rob boberts, worcester., 7 months ago Ye another legacy from the New Welfare Party and their lax regulation of their big business chums. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 3 12 Click to rate [1363019550512322_p.jpg?cb=20131231] trufx, Birmingham, United Kingdom, 7 months ago So what have the so called "Inland Revenue" been doing over the past few years?? Obviously nothing - they must have literally taken the word INLAND and forgot about the rest. Unbelievable when you think they chase the family guy and small businesses for every last penny. It's all rotten to the core and run by a bunch of selfish idiots who just look after themselves and stuff the rest. (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 2 17 Click to rate [6135958_p.jpg?cb=20131231] The Cubic 1, West Somerset, 7 months ago PAYE for everybody!!!!!! And if you deal/ sell in this country PAY YOUR DUES! (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 4 11 Click to rate [4307443_p.jpg?cb=20131231] Mr Patient, Newcastle, United Kingdom, 7 months ago hey Mr Politician: stop talking and DO something about it. Yeah, right (BUTTON) Reply (BUTTON) New Comment (BUTTON) New 3 19 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Add your comment Enter your comment______________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ By posting your comment you agree to our house rules. (BUTTON) Submit Comment (BUTTON) Clear [topcommenter.png] Who is this week's top commenter? Find out now Enter search term: ____________________ (BUTTON) Search (*) All Articles ( ) Share prices * Power Portfolio * Newsletters * Guides * Savings rates * Money savers * Calculators QUICK WAYS TO SAVE MONEY * Credit cards credit cards * Cheaper insurance Insurance * Savings accounts savings pig * Best mortgages houses * Cut your energy bills Plug hole * Current accounts coins * Cheapest loans loans * £12.50 share dealing share prices Also in this section * tick News home page See all our latest content * tick 30 second guides City jargon in under a minute * tick Tax advice News, guides, tips on paying less * tick Free investment guides LATEST: 3 shares Buffet would buy DON'T MISS * Super light: A piece of graphene aerogel developed in a lab at Zhejiang University, China is seen placed on a cherry flower Fraud warning on 'miracle material' graphene Watchdog warns after 'boiler room' find * Freedom: Balance transfer cards are a useful tool to help you get out of debt. 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Our personal finance team reveal their money triumphs for the year - and disasters MORE HEADLINES IFRAME: http://creative.dailymail.co.uk/tim/widget/emailwidget_newsletter_308x1 11.html * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150% since Labour relaxed the licensing laws * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters * TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the country * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK... on one-way tickets * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has lost its legitimacy * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash Astronauts' families' fury as Beyonce uses harrowing audio recording from 1986 Challenger shuttle disaster in new music video * A ferry crosses the Solent near Southsea sea front in Hampshire. 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Spot where F1 ace is believed to have fallen while off-piste is revealed * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for more than 30 minutes up a fifth in a year * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting memory and mood * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400 calories * Fight temptation: The brain tries to make you slip back into old habits You can silence the little voice in your head that says 'You deserve a treat'... PAUL MCKENNA'S tricks to beat comfort eating * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next TV presenters, bankers and government advisers among 1,000 Britons linked to tax havens * Broadcaster and former footballer John Fashanu on list * Trade adviser Alpesh Patel also named on leaked database * It also includes Goldman Sachs and Coutts, The Queen's bank * Data has been leaked in tranches by a whistleblower since 2009 * HMRC keen to clamp down on wealth sheltered in tax havens By Daily Mail Reporter PUBLISHED: 10:03 GMT, 12 May 2013 | UPDATED: 10:14 GMT, 12 May 2013 * * * * 74 View comments Named: TV presenter and former footballer John Fashanu has appeared on a database of people linked to tax havens Named: TV presenter and former footballer John Fashanu has appeared on a database of people linked to tax havens A raft of high-profile Britons and organisations - including a former England footballer, a professor of medicine and a government trade adviser - have been revealed to have links to off-shore tax havens in a database leaked to HM Revenue & Customs. They include ex-footballer John Fashanu and Alpesh Patel, a former Financial Times columnist who now advises UK Trade and Investment, as well as leading banks and financial institutions, including Goldman Sachs and Coutts, according to the Sunday Times. The cache of 2.5m leaked documents, which was revealed to HMRC as it clamps down on wealth sheltered in tax havens, relate to the activities of companies and people in countries with low tax including Singapore, the British Virgin Islands (BVI) and the Cook Islands (CI). It is thought the documents have been handed in stages to HMRC and authorities in America and Australia by a whistleblower since 2009, prompting a global investigation into alleged tax evasion. One of the more unusual names on the list, which was separately obtained by the International Consortium of Investigative Journalists, is Robert Stockley, a professor of medicine at University Hospital Birmingham. More... * Student loans company call in private eyes to track down EU students who owe £50m * 'Suicide' of bedroom tax victim: Grandmother, 53, hit by £20-a-week charge dies after leaving note saying the Government was to blame Documents connected Mr Stockley, 63, a lung disease expert, to two BVI-incorporated companies, Brinko Test Ltd and International Criminal Resources, in turn linked to an account at the FirstCaribbean International Bank. Professor Stockley said he had volunteered information about the firms to HMRC in the course of 'sorting my tax affairs'. Following negotiations he paid about £16,000 in extra tax. Robert Stockley, a professor of medicine at University Hospital Birmingham, has been connected with two companies in the British Virgin Islands Robert Stockley, a professor of medicine at University Hospital Birmingham, has been connected with two companies in the British Virgin Islands The professor said ICR was a non-profit making entity for resource projects. He said he set up Bronko Test with an American partner to handle earnings, amounting to just thousands of pounds, from a lung testing chart they had invented. The firm was transferred to the UK in 2008. Although conceding the Caribbean territory was a well-known tax haven, Professor Stickley denied taking any dividends from the BVI company, saying: 'Our advice from accountants was that this was quite useful. I started to feel a bit uncomfortable, which is why we split it up and got it registered in the UK.' He added HMRC 'knows everything' and that money has been declared and dues paid and signed up. Mr Fashanu, 50, a former Premier League footballer for Wimbledon, was named on the list as a director of a telecommunications company set up in the BVI by a Nigerianm tycoon in 2003. The now-TV presenter's manager, Ian Wilson, said his client was enlisted to the venture only as a 'figurehead' and that the firm, Communication Trends Network Ltd', had folded with heavy losses. Star: Fashanu celebrates a goal with his Wimbledon teammates in 1993 Star: Fashanu celebrates a goal with his Wimbledon teammates in 1993 'He neither put any money in, nor did he take any money out,' Mr Wilson said of Mr Fashanu, who has been domiciled in Nigeria since 2006 for tax reasons. Mr Fashanu has not been contacted by HMRC. Mr Patel, who runs an asset management firm with offices in Mayfair, London, said he received a letter from HMRC three years ago in which the authorities said they believed he had offshore assets. Documents from the BVI show the 41-year-old set up a company called AHM Investors in 2005, which was listed as 'dormant' the following year. He told the Sunday Times that 'it never got off the ground; it never traded' and said the mindset of many financial firms had changed since the 2008 economic crisis, before which they would have set up 'tax efficient' offshoots in places such as the BVI 'without thinking'. 'They didn't put much of a moral layer on it then,' he said. Goldman Sachs HQ A pedestrian walks past a branch of Coutts & Co., Goldman Sachs and Coutts bank also appeared on the data base The list being trawled by HMRC also named 200 accountants and advisers. A source at Goldman Sachs told the paper it may have appeared because it had acted n instructions from a client to move assets into an offshore trust and said it had not been contacted by HRMC. Coutts, named in relation to its operations in the Isle of Man, said it was 'fully committed to an open and transparent regulatory environment in all jurisdictions'. There is no suggestion any of the companies if individuals banned have broken the law. 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[btn_add-your-comment.png] [icon_comments_74.png] Comments (74) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [2569717_p.jpg?cb=20131231] A native englishman, Aylesbury. Rip off britain, United Kingdom, 7 months ago As one of the litte people , I wonder if I could get my very small private pension which I pay taxs on, shipped over to a taxs haven,? 4 127 Click to rate [3232898_p.jpg?cb=20131231] Cut the BS, Dorset, 7 months ago Well there's a surprise, NOT ! 3 75 Click to rate [4465175_p.jpg?cb=20131231] jtj, London, United Kingdom, 7 months ago "Mr Fashanu, 50, a former Premier League footballer for Wimbledon, was named on the list as a director of a telecommunications company set up in the BVI by a Nigerian tycoon in 2003". - Why name Mr Fashanu when he hasnt actually lived in UK since 2001. go after the big people or big companies. 20 103 Click to rate [5510799_p.jpg?cb=20131231] paul, Radlett, 7 months ago so why should I, a middle class person, pay my taxes? This government is as morally bankrupt as the rich tax avoider. 7 109 Click to rate [1348253918565043_p.jpg?cb=20131231] Thinkpositive, here, United Kingdom, 7 months ago Surprise? of course not... and why this happen? what is the solutions? Is HMRC going to prosecute them or give them financial penalty? 2 64 Click to rate [1357497902114232_p.jpg?cb=20131231] K200xxx, Aberdeen, United Kingdom, 7 months ago It's a legal loop hole no doubt, wonder how many of this lands goverment are on this list. Probably why it still legal. 1 86 Click to rate [5962558_p.jpg?cb=20131231] ken mist, paris, 7 months ago Stop whingeing and change the law. (Once you've sorted out more loopholes for u and your mares as ever) 4 72 Click to rate [6240174_p.jpg?cb=20131231] Tepepa, Cleveland, 7 months ago It,s not the unemployed fault we in in the dung.. it,s companies and people no paying the correct tax... 12 79 Click to rate [6398765_p.jpg?cb=20131231] millwall The Den, london, 7 months ago Starbucks anyone??. No lets leave them alone 4 70 Click to rate [2398365_p.jpg?cb=20131231] ozimandias, Brighton, United Kingdom, 7 months ago I hope that the full list is published. There is no reason why people mainly resident in the UK should have bank accounts in any other territories.I would be happy if Britain sent troops to occupy the Channel Islands, IOM.Caymans, Turks and Caicos and BV Islands for a few months while undeclared deposits are repatriated back to the UK. once this is done they could be returned to self rule, but with the same tax arrangements as in the UK. 26 71 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... We asked six people to talk frankly about their health; Dr Gideon Paul, a physician and consultant cardiologist then predicted their life... * Comments (94) TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws Home Office figures show that since round-the-clock opening was introduced, more than one hundred town centres have been overrun by problem... * Comments (252) A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper spray, chisels and knuckledusters... In the last year there have been 594 incidents, with 57 councils in England reporting students being temporarily or permanently excluded for... * Comments (24) TV presenter Kirstie Allsopp has bemoaned a lack of 'Blitz spirit' and claimed the victims of the Christmas storms were 'spoilt' for getting compensation 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting... Not only is she said to be worth millions but she also has a choice of three homes to retreat to. So Kirstie Allsopp probably should have... * Comments (409) Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics ahead of what is best for the... The Liberal Democrat leader distanced himself from his Coalition partners by saying an EU exit is 'the surest way to throw our recovery... * Comments (146) For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on shelves four months early Hollow chocolate bunnies, ‘Malt-easter’ packs and Easter-themed Cadbury creme eggs are on the shelves of the likes of Waitrose, Marks &... * Comments (14) Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK Almost all flights from Romania to England are full - even though one airline doubled the number to meet demand - with one-way tickets... * Comments (226) Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull out of European Court as it has... The Tory Party will publish draft legislation over the 'next few months' to rein in the influence of the Strasbourg court, the Justice... * Comments (18) Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music... Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the... * Comments (482) A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a THIRD Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts. * Comments (6) Bing (*) Site ( ) Web Enter search term: ____________________ (BUTTON) Search Like MailOnline Follow @MailOnline DON'T MISS * SAM FAIERS Faier(s) play to her! Sam strips down to her bikini and shows off amazing body as she reveals she's lost more than a stone in weight Looks hot in pink * FERN BRITTON 'I ate too much, I slept too much... I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! Abbey Clancy dresses up as Miley Cyrus in THAT infamous outfit for Alan Carr's TV special No mistaking who's getting sent up * NINA AGDAL She's definitely Wanted! Max George's model girlfriend Nina Agdal sizzles as she hits the beach for a sexy swimwear shoot Smouldered in Mexico * Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Katie Holmes strips down to hot pink bikini as she lounges poolside with Suri in Miami Actress showed off the results of her strict running regime * ONE DIRECTION This Is Us... winning! One Direction's Midnight Memories is the bestselling album of 2013... after just FIVE weeks on sale Late surge in sales * * 'The intention was to heal': Beyonce responds to astronauts after being labeled 'insensitive' for using 1986 Challenger disaster audio in XO video 'The intention was to heal': Beyonce responds to astronauts after being labelled 'insensitive' for using 1986 Challenger disaster audio in XO video * Beyonce 'She's going for Beysus!' Beyonce's 'Last Supper' image causes constroversy just hours after she's forced to apologise for Challenger audio * Penelope Keith All-star cast of women beat the men for honours in the New Year's list Penelope Keith and Katherine Jenkins led the celebrities * PINK Sick of seeing celebs Instagramming from the beach? Now they're bombarding us from the ski slopes too as Pink leads the charge of smug 'snelfies' * PIXIE LOTT Snow bunny love: Pixie Lott and Oliver Cheshire cuddle up on the slopes as they prepare to spend New Year's Eve with her family in Chamonix * Madonna skiing Climb every mountain: Madonna takes on bunny slope as daughter Lourdes masters snowboarding on family trip to Switzerland Youngster's a natural * Sean Penn Forever buff! Sean Penn, 53, proves he's still a surfer dude at heart, 30 years on from his role in Fast Times at Ridgemont High Still got what it takes * GEMMA MERNA Getting that bikini body ready! A make-up free Gemma Merna heads to the gym as she gets in shape ahead of Splash debut Only a few days to go * Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs A Dynasty reunited! Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada * UGG-H, Gisele! The $42m supermodel recycles old shirt and sports similar cozy boots for a nearly identical gym outfit she sported two days earlier in Boston UGG-H, Gisele! $290m supermodel recycles old shirt and sports similar cosy boots for a nearly identical gym outfit she displayed two days earlier * 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay 'Congratulations, Robin Roberts!': Ellen Degeneres and Rosie O'Donnell lead the way as stars tweet their support after GMA host comes out as gay * robin roberts Robin Roberts' romantic getaway: Good Morning Amercia star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Bajan love birds: Jamie Laing and on-off girlfriend Tara Keeney holiday together in tropical paradise Made In Chelsea star and teen split in Sept * Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex-husband Gary wraps up with Danielle and Ella in snowy Alps Michelle Lineker flaunts amazing bikini body on beach in Barbados... as ex- husband Gary wraps up with Danielle and Ella in snowy Alps * Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets Jenna Dewan Tatum shows off her incredibly taut post-pregnancy figure as she shares her weight loss secrets She gave birth to daughter Everly in May * Mario Falcone shares embarrassing snap of fans nip-slip during club appearance 'Tut tut lady': Mario Falcone shares embarrassing snap of fan's nip-slip during club appearance That's not very gallant of him * milly Woman driven to depression and self- harm by severe IBS recovers after she is scouted to be a model - now she's launched her own calendar * You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending You're not on Strictly Come Dancing any more! Susanna Reid keeps up her fake tan regime despite dance show ending Glow, baby, glow! * 'There was a lot of tension': Brody Jenner opens up about dad Bruce's split from Kardashian matriarch Kris... as he steps out again with a mystery blonde 'There was a lot of tension': Brody Jenner opens up about Bruce's split from Kardashian matriarch Kris... as he steps out again with mystery blonde * Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Queen guitarist Brian May reveals he is undergoing 'urgent tests' for cancer after suffering agonising back pain Worrying times * Dwyane 'We were on a break': Dwyane Wade had secret baby with mystery woman before proposing to Gabrielle Union New fiancee isn't happy * Kara T Strictly shopping: Kara Tointon cuts a trendy figure as she enjoys some solitary retail therapy Checking out the post- Christmas sales? * Ariana Grande Enjoying her single life? Ariana Grande bares toned midriff in sexy black dress as she talks about ex-boyfriend Nathan Sykes Dated just a few months * 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge SPOILER ALERT: 'Who am I?' Emily VanCamp's character suffers from amnesia in preview for ABC's Revenge However, she does have a reputation for faking it * liam payne 'Meet Philis': Liam Payne introduces Twitter followers to the lady he spent Christmas with... a giant snake The 20-year-old got acquainted with new pet * David Arquette 'It was sad to see': David Arquette makes a fool of himself telling crude jokes while taking his clothes off during impromptu comedy performance * Cara Cara Delevingne turns on the glamour as she's signed up as face of YSL's new cosmetics range Far cry from the 21-year- old's usual look * Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garn Feeling jealous? Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice- skating * Four Golden Rules: Your digestion will begin to work better and you'll feel more energised and relaxed My four golden rules to help you lose weight: Forget dieting - just listen to your body, says PAUL McKENNA He's advocated another approach for 15 years * All you need is love: Miley Cyrus sports a mohawk hairstyle for the trendy magazine shoot Hair-raising: Miley Cyrus sports a dramatic mohawk for LOVE magazine cover shoot Controversial singer is growing out her buzzcut * New love? Slimmed down Chaz Bono steps out with a mystery blonde to buy healthy fruits and vegetables at the Farmer's Market Has Chaz found new love? Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Fight temptation: The brain tries to make you slip back into old habits How to silence the little voice in your head that says: 'You deserve a treat' * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * To many he's a national treasure. But Alan Bennett's attack on Lady T is a part of a sneering, subversive attitude in much of his work A false icon - and a real one: The crabby, petulant Alan Bennett and the great colossus of our age, Margaret... * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * For sale: A three-bedroom Scottish castle and a West London parking space. 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HARRIET SERGEANT'S bitter experience proves otherwise * RICHARD KAY: Peter Sissons blasts TV bosses for Alan Whicker snub * How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? GOOD HEALTH found six brave volunteers to find out... * You can silence the little voice in your head that says 'You deserve a treat'... PAUL MCKENNA'S tricks to beat comfort eating MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. Find out more here... x * Back to top * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder Sitemap Archive Mobile Apps RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Network This is London This is Money Metro Jobsite Mail Travel Zoopla.co.uk Prime Location Villa Holidays Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group © Associated Newspapers Ltd Contact us Advertise with us Terms Privacy policy & cookies Cookie regulation logo IFRAME: __bkframe #Mail Online Search publisher Mail Online Markets RSS feed * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * Money Home * Markets * Saving & banking * Investing * Bills * Cars * Holidays * Cards & loans * Pensions * Mortgages & home * Experts * Forums * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares 30 SECOND GUIDE: Tax Havens By Daily Mail Reporters PUBLISHED: 10:24 GMT, 3 May 2013 | UPDATED: 10:24 GMT, 3 May 2013 * * * * 0 View comments The Daily Mail City team explains why some countries are tax havens and what that means for other countries. What are they? Pretty much what it says on the tin. Some countries or states create a favourable environment to take advantage of the market for tax avoidance. They tend to be small countries with little else to differentiate themselves which use sympathetic tax levies to woo firms and individuals. Where are they? They are found in some of the world's most glamorous locations. Nearby are Guernsey and the Isle of Man, but Monaco, the British Virgin Islands and Bermuda promise an even more dazzling, sun-kissed home for the rich to stash their cash. Metro graphic showing tax havens around the world. Metro graphic showing tax havens around the world. Is it legal? Hordes of wealthy accountants are paid fat fees to tread the line between ensuring clients avoid tax - which is legal - and making sure they don't evade it, which isn't. One mistake could lead to a big bill or even spending time at Her Majesty's pleasure. More... * 30 SECOND GUIDE: Landing fees * ALEX PRATS: Developing countries have been suffering the effects of aggressive tax avoidance for decades * Chancellor warns British tax havens to comply with international tax laws or lose Crown dependency status Why do we care? A new wave of tax havens have agreed to share information with the taxman to stamp out evasion rather than defeating their whole raison d'etre. Montserrat and the Turks and Caicos Islands have volunteered to pass on details of customers. Why now? The UK is about to head the G8 - and along with other cash-strapped governments - wants to maximise its tax revenues. Share or comment on this article * * * * * * MOST READ MONEY * Previous * 1 * 2 * 3 * Next * Who gets the dog...and the pension: January blues: The start of the year is traditionally the busiest period for divorce lawyers I'm 61 and my husband is 52. 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Retirement rental hotspots: Pensioners renting in big cities... * Sleepwalking: Eurozone faces decades of deflation as people put off spending Eurozone sleepwalking into disaster as it 'faces decades of... [btn_add-your-comment.png] [icon_comments_74.png] Comments (0) Share what you think No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards. Add your comment Enter your comment______________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ By posting your comment you agree to our house rules. (BUTTON) Submit Comment (BUTTON) Clear [topcommenter.png] Who is this week's top commenter? 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Best balance transfer credit cards to help clear your debts Borrow interest-free for 29 months * Top performer: Online labour exchange Blur Group Our share tip that rocketed 593% A cracking 12 months for Midas shares recommendations * Policy: The new tax is a key policy of Francois Hollande's. Sacrebleu! Top French court approves 75% 'millionaire's tax' It will hit firms employing country's highest earners * Wisdom: Renowned investor Warren Buffett Lindsell Train UK Equity Fund: Britain's answer to Warren Buffett Nick Train's winning buy and hold formula * Daily Mail share tips 2013/2014 Top share tips for 2014 - and how 2013's did The Daily Mail City team reveal their winners (and losers) * Motor misery: Toby Walne's Sunbeam hasn¿t shone this year I wish I hadn't bought a little red sports car! 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IFRAME: http://www.dianomioffers.co.uk/smartads.epl?id=1188 MONEY'S SIX OF THE BEST * Number of pensioners in work rises by a THIRD * Borrowers are clearing mortgage debt slower * Lloyds could be sold by end of 2014 * How will stocks perform in 2014? * QUIZ: Put your knowledge of 2013 to the test * How to get money back on gifts VIEWS, TIPS & SPECIAL REPORTS * Unknown: Before Christmas Ben Bernanke, Head of the Federal Reserve, announced the US would begin to taper yet the fallout from that decision is still unclear US stimulus 'taper' is the main hurdle for stocks in 2014 Impact of Fed's policy decision is becoming clear * Simon Watkins SIMON WATKINS Sorry, but I can't drink to this economic recovery * Goals: West Ham chief Karren Brady KARREN BRADY INTERVIEW I'll stand up for small business and women - but I WON'T become an MP * Branching out: BT Sport has recently bid a further £897million for Champions League rights ALEX BRUMMER BT bids for media leadership as it expands from landlines into broadband and pay TV Latest from Markets Lessons from the past: Brokers carried on with their business outside the Stock Exchange after it was forced to close its doors for the day * CITY FOCUS: History shows the City can get back on track and shares offer best return * MARKET REPORT: Investors to keep a close watch as BG Group turns up gas in 2014 * BEN GRIFFITHS: After another year to forget there are brighter days ahead for UK plc * British jobs boost as Boeing and Lockheed plan to beef up UK operations in 2014 * ALEX BRUMMER: BT bids for media leadership as it transforms itself from landlines to broadband and pay TV * FTSE CLOSE: Festive fortunes grind to a halt as retailers makes investors nervous over Christmas performance * Taxpayer stake in Lloyds could be sold by end of 2014 under privatisation plan that would offer shares to private investors * Tapering is the main hurdle for stocks in 2014 as impact of Fed's policy decision becomes clear * City expects Footsie to hit all-time high in 2014 as recovery continues and company profits bounce back * World goes dotty for Cath Kidston as profits rise to £18.7m MORE HEADLINES HOT TOPICS AND PREDICTIONS * Interest rates: Mark Carney has sent out another low rates for longer message. 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Michigan Sen. Carl Levin has a plan. [2003076602.jpg] Lance Dickie / Times editorial columnist Times editorial columnist Related Most Popular Comments Hide / Show comments It's time to make the wealthy accountable for the methods they use to grow their wealth... (September 27, 2013, by Crunch40) MORE During the 2004 presidential campaign, there was talk of increasing taxes on companies... (September 26, 2013, by Terry Parkhurst) MORE jkeown, they've used their lobbying power to make the effective rate they pay almost no... (September 27, 2013, by Poolpro) MORE Read all 20 comments Post a comment advertising Missing in all the partisan screaming and yelling about federal budget deficits and borrowing limits is any coherent talk about finding more tax revenue and a measure of equity for ordinary taxpayers. Michigan Sen. Carl Levin has stepped up to the challenge. He introduced the Stop Tax Haven Abuse Act, Senate Bill 1533, to close offshore corporate tax loopholes. Levin estimates the legislation would raise $220 billion over a decade. That is enough money to push back the across-the-board cuts of sequestration, he explained Wednesday in a telephone conference call. As chair of the Senate Permanent Subcommittee on Investigations, Levin knows all the scams and devices of offshore corporate-tax avoidance and evasions. Research found 30 U.S. companies with $160 billion in profits had paid no taxes during a three-year study period. More than $1.3 trillion stashed offshore can be traced to 20 companies. Levin also knows that when all the ruses are employed the tax burden falls on domestic companies, small business and families. The senator's bill, which has three Democratic sponsors so far, would go after the process of transferring lucrative intellectual property to tax havens. He would end tax deductions for companies that move production and jobs offshore and receive deductions to build and operate the new plants though none of the foreign profits are taxable. Corporate profits get recycled and parked overseas, then repatriated via loans and other devices that make the eyes of accountants and lawyers glisten. Another approach Levin does not favor is a territorial-tax system. It creates even more incentives to shift profits around the globe, avoid U.S. taxes and move more jobs overseas. Americans for Tax Fairness cites a Congressional Research Report that American companies report earning 43 percent of overseas profits in five countries: Bermuda, Ireland, Luxembourg, the Netherlands and Switzerland -- tax havens where the companies have scant employment or foreign investments. This gravy train for American corporations with the resources and motives to engage these scams, aah, tax-avoidance opportunities, are skipping tax payments that support all manner of national priorities, including the education system they complain about. Levin knows what needs to be done to return coherence and predictability to federal budgeting. He supports targeted budget cuts, reform of entitlement programs and more federal revenue. Sequestration is a mindless process that whacks everything without review or discretion. For politicians elected to prepare and oversee budgets and spending, this is shamefully lazy. The overseas-tax dodges used by corporations and wealthy individuals cost an ordinary taxpayer about $1,000 a year, and the average small business about $3,000, according to the U.S. Public Interest Research Group. In February the British newspaper, The Economist, ran a special report on offshore finance that estimated the missing cash stashed out of sight by global companies and individuals at $20 trillion. How does this all happen? With lots of help. One infamous haven for offshore accounts is the Ugland House in the Cayman Islands, a gloried mail drop for more than 18,000 corporate entities. Microsoft, Hewlett-Packard and Apple draw lots of attention for their adroit use of tax havens. More than 200 small business owners on Wednesday posted an open letter to Microsoft. The Main Street Alliance of Washington wants the company "to end offshore tax dodging." Levin's bill has an important role in the current fight over federal budgets and spending. Give ordinary taxpayers a break. Ensure others pay their fair share. Where is the tea party? This is prime fodder for such protesters. Complaining about federal corporate-tax rates is pointless because the effective rate is lower than whined about, and the biggest earners are not paying it. Recovering avoided federal taxes is part of the legitimate work to cut the budget, reform entitlements, maintain the nation's credit worthiness and provide a measure of equity. Lance Dickie's column appears regularly on editorial pages of The Times. His email address is ldickie@seattletimes.com The Fund For The Needy The Fund For The Needy 100% goes directly to non-profits serving some of the most vulnerable members of our community -- children, families and seniors. Learn more Advertising Trending with Readers On seattletimes.comMore Trending Most Read 1. Seahawks show `championship poise' and refuse to stoop to Rams' level | Larry Stone 2. UW interim coach Marques Tuiasosopo joining USC 3. Seahawks, NFC West champs and No. 1 seed, have cause to celebrate | Jerry Brewer 4. 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Business + Christy Clark + Vancouver * ALL SECTIONS News + Canada Politics + Canada Business + US Politics + US Business + World + Media + Sports + Education + Crime + Weird News + Good News + Daily Finance Entertainment + Entertainment + Music + TV + Celebrity + Comedy + Art + Books + Moviefone Life & Style + Living + Style + Home + Healthy Living + Food + Taste + Weddings + Travel + Parents + Divorce + Huff/Post 50 + Marlo Thomas + OWN Tech & Science + Tech + Science + Green + TEDWeekends + Techcrunch + Engadget + TUAW + Joystiq Voices + Impact + Women + Black Voices + Latino Voices + Gay Voices + Religion + College + Teen Local + Quebec (French) + Calgary + Montreal + Ottawa + Toronto + Vancouver + Winnipeg + Mapquest + Patch.com Our Mobile Apps + iPhone + iPad + HuffPost Live iPad + Android Phone + Android Tablet * Walletpop * TechCrunch * Autoblog Business * Small Business * Money Tax-Haven Data Leak Reveals An Eclectic Mix Of Canadians CBC | Posted: 06/11/2013 9:01 am EDT | Updated: 06/11/2013 11:46 am EDT reddit stumble Share on Google+ Offshore Tax Haven Leak Canadians The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. (Getty Images) Get Canada Business Newsletters: Enter email_________ Subscribe Follow: Adrian Leemhuis, Eric Levine, Mario Aiello, Peter Sabourin, Tax Evasion, Tax Fraud, Canadians Evading Taxes, Canadians In Offshore Tax Haven Leak, Offshore Tax Haven Leak, Offshore Tax Havens, Offshore Tax Havens Canada, Slideshow, Tax Evasion Canada, Tax Havens Canada, Canada Business News [cbc_logo_small.gif] The president of the West Edmonton Mall. A prominent Ottawa philanthropist. A notorious fraudster. A pioneer of internet webcasting. They are just a handful of the hundreds of Canadians named in the recent massive leak of records from offshore tax havens. The 2.5 million files include financial and personal details on more than 550 Canadian taxpayers linked to companies and trusts based in the Caribbean and South Pacific. Some of these individuals come from a few of the country's wealthiest families. Others fleeced their way to fortune. Not all of them even knew they were involved in offshore dealings. A few people were invited to participate in business ventures that happened to be incorporated in tax-friendly locales; one man's name was added as a supervisor on a family trust, by friends, in case something happened to them. Colourful pasts Among the notorious names is Peter Sabourin, a Toronto-area investment scammer who owes more than $32 million to victims. His name comes up 1,449 times in the leaked documents. Sabourin was found liable for fraud in two Ontario Superior Court trials in 2007 and ordered to pay $3 million in damages and interest. Three years later, the Ontario Securities Commission dinged him and his companies, two of which were incorporated in the British Virgin Islands, $29.1 million for pushing "sham investment schemes" and lying to investors. Sabourin hasn't been seen since 2007, or heard from in two years. Ontario Provincial Police said they are still investigating him. Some others found in the tax-haven leak have colourful pasts that aren't even necessarily tied to their offshore presence. Montreal-born Eric Levine made headlines last week. The founder of health clubs in California, Hong Kong and Southeast Asia, he drove a Ferrari, dated models and built a $24-million beachfront villa in Thailand. The leaked files disclose evidence of more than $10 million in distributions to him between 2002 and 2006 from a Cook Islands entity called the Braveheart Trust. Story continues below slideshow Loading Slideshow ... * Click through the slides to see some of the famous tax cheats... * After being pursued by the FBI for years, legendary mob kingpin Al Capone was finally jailed for failing to pay taxes for four years. In 1931, he was sentenced to 11 years and an $80,000 fine. Capone famously joked that he couldn't be prosecuted because "the government can't collect legal taxes on illegal money." * Richard Hatch, the first "Survivor" winner failed to pay taxes on his $1 million grand prize. He was convicted in 2006 of tax evasion and was sentenced to 51 months in prison, plus three years of supervised release after serving his sentence. * Leona Helmsley, the late "Queen of Mean," was found guilty of tax fraud in 1992 and spent four years in prison after claiming $2.6 million in phony business expenses. During her trial, a witness testified that Helmsley once said: "We don't pay taxes. Only the little people pay taxes." * Currently serving a 25-year sentence, former Tyco CEO Dennis Kozlowski was indicted for failing to pay New York sales taxes on $13 million worth of paintings for his Manhattan apartment. * In 1974, Richard Pryor served 10 days in a Los Angeles county jail for failing to pay taxes, telling the judge at his trial: "You know, I forgot." * Wesley Snipes was sentenced to three years in prison in 2007 following his conviction on three misdemeanor tax charges. Snipes was accused of failing to file tax returns from 1999 through 2004. Snipes allegedly tried getting fraudulent tax refunds using the "861 argument," a theory that domestic income is not taxable (which is commonly used by tax protesters). * Film legend Sophia Loren served an 18-day sentence for tax evasion in an Italian prison in 1982. * Willie Nelson owed $16.7 million in back taxes, leading the IRS in 1990 to confiscate and auction off his assets. Meanwhile, on Friday, reports said Thailand's Anti-Money Laundering Office was investigating California WOW Xperience, the chain of gyms Levine opened in the early 2000s and took public in 2005. (He resigned as CEO in 2011 but still owns 11 per cent of the stock, according to the most recent securities filing.) According to the reports, officials allege the company funnelled $57 million out of Thailand over the last decade while falsely declaring losses on its balance sheet. Other Canadians with troubled pasts who appear in the leaked data include: - Adrian Leemhuis, a former bond trader who was fined $50,000 by the Mutual Fund Dealers Association of Canada in 2011 for "extensive and diverse" misconduct as head of the mutual fund brokerage ASL Direct. - Gerry Hargitai, a vitamin and health-products tycoon who, in 1992, received a 25-year stock-trading ban in B.C. after the province's securities commission found he "fraudulently misappropriated" $221,000. - Mario Aiello, a Vancouver stock promoter linked to companies that have come under scrutiny. In one case, RCMP alleged in 2004 that Aiello was involved in a pump-and-dump scheme, though no charges were ever laid. In another instance, the Vancouver Sun reported he had a role in a company called Supatcha Resources, on which the U.S. Securities and Exchange Commission issued a temporary trading halt after its stock price shot up precipitously over two months in 2010. West Edmonton Mall exec Not everyone who incorporates a Caribbean company has a questionable past, and certainly there are real business reasons for it. At first, David Ghermezian, president of the West Edmonton Mall and scion of one of Canada's richest families, couldn't recall his offshore involvement in a British Virgin Islands company called Regal Mega Malls Development Corp. "I'm a director of probably 250 companies," he said. He checked into it and called back to say that Regal Mega Malls was a joint venture with Chinese entrepreneurs to develop a mega-shopping centre in China. However, the project fizzled, and records show the company became dormant in 2007. William Mutual, one of the early developers of webcasting and the CEO of Vancouver-based LiveCast, said the company he's linked to in the leaked files was set up in the Malaysian offshore haven of Labuan as a joint venture with the Malaysian government to develop language software. It petered out after the country's former prime minister Mahathir Mohamad left office in 2003, Mutual said. "It was about as legit as you can possibly imagine," he said. Arthur Ross Gorrell, a B.C.-based dentist and president of publicly traded oil-and-gas company Petromin Resources, said the BVI corporation with his name on its books was formed to develop a natural gas project in China with others, but it never took off. Asked why he used a Caribbean corporation, Gorrell said "that was what was recommended by the group at the time. And I guess the business advantage was that it would be easier to get the permits." Order of Canada recipient Shirley Greenberg of Ottawa, a lawyer and heiress to the Minto Developments fortune who was appointed to the Order of Canada for her philanthropy and achievements advancing women's rights, is tied to four BVI companies in the leaked records. Her partner, Harry Stemp, and daughter, Martha Bergeron, also appear. Bergeron said her mother was advised to set up the offshore companies to purchase her home and several rental properties in Barbados, where she used to live for part of the year. There are also Canadians whose names appear in the offshore data apparently unwittingly. "I have no familiarity with that term at all," said Bruce Atkey, a Vancouver Island builder and surfer, when CBC News first told him his name was in the leaked documents associated with a now-defunct entity in the Cook Islands called the Neptune Development Trust. After making inquiries, Atkey discovered he was listed because a couple of his American friends had, in case tragedy befell them, given him an oversight role in the offshore trust they set up. "My friend… put my name on the trust. If anything happened to him and his wife then I would make sure that that trust went to his kids." 550 names CBC News initially reported there were at least 450 Canadians found in the huge trove of leaked data. But subsequent inspection of thousands of the more than 2.5 million files unearthed at least 100 more names, and it is thought there may be hundreds more. The colossal document leak came to light April 3 when a global group of media outlets, including the CBC, began reporting it. The files were obtained by the Washington-based International Consortium of Investigative Journalists and shared with news organizations. If you have more information on this story, or other investigative tips to pass on, please emailinvestigations@cbc.ca. * Contribute to this Story: * Send us a tip * Send us a photo or video * Suggest a correction FOLLOW CANADA BUSINESS Like [DEL: :DEL] 67k Enter email_________ Subscribe Related News On Huffington Post: Vince Cable Calls Tax Havens 'Shady Places For Shady People' Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ 'Bermuda Is Not A Tax Haven,' Finance Minister Says [s-VINCE-CABLE-TAX-HAVENS-mini.jpg?6] Vince Cable Calls Tax Havens 'Shady Places For Shady People' British tax havens are "shady places for shady people", Vince Cable said today, as he conceded that Government powers to stop tax avoidance are limited.... CBC sued over offshore taxes story Senator Pana Merchant And Husband Tony Merchant Sue CBC Over Offshore Taxes Story SASKATOON - Senator Pana Merchant and her husband, lawyer Tony Merchant, have launched a libel lawsuit against the CBC.A statement of claim filed in Saskatoon... CTJ Report On Tax Havens 18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other... Bermuda Not Tax Haven? 'Bermuda Is Not A Tax Haven,' Finance Minister Says By Tom Bergin LONDON, June 3 (Reuters) - Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of... Read more from Huffington Post bloggers: Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? Ed Balls Ed Balls: We Need Action to End the Era of Tax Secrecy The government is failing to show the leadership we need. It talks about putting tax avoidance on the agenda of the G8 but is not coming forward with concrete proposals. And it is undermining the ability of HMRC to administer and collect the tax, by cutting its resources too far and too fast. Arianna Huffington Arianna Huffington: Offshore Corporate Tax Havens: Why Are They Still Allowed? The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now. Around the Web: [favicon.ico] Domestic Russian tax haven idea on back burner [favicon.ico] Canada slammed for trailing peers in fight against tax havens as funds stashed ... 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All rights reserved. * Part of HuffPost Business Quantcast HuffPost Lightbox * Hot Topics: * Retail Pot Locations * Cold Cases Blog * The Fire Line * Brock Osweiler * Adam Gase * NYE Apps * Photos Of The Year * News Tips * Most Popular [track?s=36&c=22962644&t=VIEWED&n=1] [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize Tax haven data leak names names, raises questions By LORI HINNANT Associated Press Posted: 04/05/2013 11:24:30 AM MDT Updated: 04/05/2013 03:02:28 PM MDT Click photo to enlarge [20130405__TaxHavensInvestigation~1_VIEWER.jpg] FILE - In this Sept. 28, 2012 file photo, France's Finance Minister Pierre Moscovici, left, and then Budget Minister Jerome Cahuzac attend a press conference in Paris. Francois Hollande is a President on the ropes, reeling from a potentially knockout blow delivered by his ex-budget minister, a man who admitted this week that he had hidden hundreds of thousands of euros from the taxman for decades and lied about it. Those lies from Jerome Cahuzac came both in front of the National Assembly and to Hollande's own face. * << * 1 * >> [20130405__TaxHavensInvestigation~1_VIEWER.jpg] PARIS--It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day--raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither. Among those named include a top campaign official in France, the ex-wife of pardoned oil trader Marc Rich, Azerbaijan's ruling family, the daughter of Imelda Marcos and the late Baron Elie de Rothschild. The widespread use of offshore accounts among the wealthy is widely known--even Mitt Romney acknowledged stashing some of his millions in investments in the Cayman Islands. But this week's leak, orchestrated by a Washington-based group called the International Consortium of Investigative Journalists, appeared to be the broadest in what has been a steady stream of information emerging about hidden money in recent years amid a wave of anger targeting the super-rich in an age of austerity. The leak allegedly involved records from 10 tax havens, where the world's wealthy have long stashed funds. It uncovered a shadow network of empty holding companies and names essentially rented out to fill out boards of non-existent corporations, including a British couple listed as active in more than 2,000 entities, according to The Guardian newspaper, which participated in the global undertaking. The project started with the receipt of a hard drive by an Australian journalist, Gerard Ryle, who took the data with him when he joined the consortium, according to the project's website. The group, a project of the Washington-based Center for Public Integrity, has said the hard drive arrived in the mail. "We know the data is valid. We know who originally produced the data and we've done massive crosschecks to make sure what we're getting is accurate and isn't corrupted," said Michael Hudson, a senior editor on the project. Rudolf Elmer, who once ran the Caribbean operations of the Swiss bank Julius Baer and turned whistleblower after he was dismissed in 2002, told The Associated Press that he considers the data to be authentic. "This comprehensive information is like a torch that will probably set off a wildfire and bring to light a lot more about secretive tax havens," he said. The secret bank accounts of the rich and powerful have recently come under a crush of whistle-blowing scrutiny. France's former budget minister, Jerome Cahuzac, was forced to resign last month after a French investigative website unrelated to the latest leak revealed that he held offshore accounts--a particularly damaging scandal because he was spearheading a campaign against tax evasion. In 2010, a Greek journalist published a list of about 2,000 people holding undeclared Swiss bank accounts, disclosures that triggered a firestorm of outrage as Greeks were forced to swallow brutal austerity measures. In November, an HSBC insider leaked a list of more than 8,000 customers with accounts based in Britain's tiny Jersey Island, drawing an immediate tax investigation from Britain's revenue and customs service. Two years before that, a former HSBC employee stole account details for 24,000 clients. Germany, eager to learn about its own tax cheats, promptly offered to buy the information. "This just shows what we all know, which is that for decades we have seen the emergence of globalization on the one hand and governments that were unable to coordinate and cooperate on the other hand," Pascal Saint-Amans, head of tax policy for the Organization for Economic Cooperation and Development, said Friday. There is nothing inherently illegal about opening bank accounts overseas, but it's well known that the wealthy use them to avoid higher taxes at home--a practice that Saint-Amans said was quickly falling afoul of governments desperate for revenue, especially those suffering in the European financial crisis. Britain has an outsized share of offshore territories, which include the British Virgin Islands, Bermuda, the Cayman Islands and the Channel Islands, whose 4 1/2 square miles (12 square kilometers) are saturated with current and former British company directors, according to The Guardian. "Britain has this network of satellite tax havens around the world that have been acting as feeders," said Nicholas Shaxon, author of the book "Treasure Islands." Shaxon said he was encouraged by the succession of whistleblowing employees over the years, and described the latest leak as the most significant to date. "I hope this has created a new willingness among players who are inside the system to say, 'Hang on, maybe this isn't such a good thing,'" Shaxon said. French President Francois Hollande, who has promised to clean up France's finances, has had a particularly bad week when it comes to news about tax havens. No sooner had Cahuzac acknowledged lying about his offshore accounts than news emerged in the newspaper Le Monde that his former campaign treasurer, Jean-Jacque Augier, was a shareholder in two firms in the Cayman Islands, through a holding company. Augier said he did nothing wrong. Cahuzac was felled by a recording of him talking about his accounts that was leaked to French website Mediapart. The International Consortium of Investigative Journalists consortium promised Friday to continue publishing details in coming weeks. Hudson, the senior editor, said the goal was to shed light on an industry that has thrived on secrecy. "It becomes a question of not necessarily right or wrong, but it is a question of how our world works and how some folks who have the wherewithal to use havens get a degree of secrecy and tax benefits that average folks don't have access to," he said. Tim Ridley, former chairman of the Cayman Islands Monetary Authority, warned against any satisfaction people may get from seeing the private banking information of the wealthy splashed across the Internet. "Whatever may happen with offshore accounts today with everybody smiling about it could happen to onshore accounts in London or New York tomorrow," Ridley said. "Normally people are entitled to information about their financial affairs or their medical affairs to be private." Ridley said there remained entirely legitimate reasons to set up accounts offshore, even for individuals, especially those from volatile countries: "Unstable governments have a habit of taking people's money in unjustified circumstances." Shaxon was less concerned about the rights of wealthy individuals holding secret bank accounts. "I don't think we should be worried about the sensitivities of the poor banker and poor criminals whose criminal activities are being exposed," he said. "If there are people who are doing nothing wrong and their information is being exposed, then it's collateral. It's a price to be paid." Both Ridley and Shaxon--coming from entirely opposite perspectives--agreed that the disclosures dented the world of offshore banking, but were hardly a fatal blow. And experts say it will take years for current efforts against secrecy to fully take hold. "It is ultimately public pressure that is going to make a difference here," Shaxon said. ------ Follow Lori Hinnant at: https://twitter.com/lhinnant [icon-print.gif] Print [icon-email.gif] Email [normal.gif] [large.gif] [largest.gif] Font Resize [icon-uparrow.gif] Return to Top RELATED STORIES MORE RELATED STORIES HEADLINES Kipling Street closed in Arvada due to gas leak Colorado marijuana-tracking system won't include all plants on Jan. 1 Life support extended for girl declared brain dead The Cannabist: Meet the Denver Post's new marijuana site Like this article? Recommend it () all reader-recommended news Login | Sign Up | Email Support Article Comments Is your comment not appearing on the article? Read this. You must be registered to comment (your comment will be saved for you while you register). It's quick (it takes about 30 seconds) and we only require your email and name. Comments that include any offensive material are prohibited. 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The ally of David Cameron is the chairman of posh overcoat firm Crombie and is worth in excess of £220million. Crombie’s tailoring has been worn by Winston Churchill, King George VI and Bond actor Sean Connery, trading on a patriotic image as British as gin and tonic. But the truth of its tangled web of offshore connections in the Caribbean is a little more rum. Public accounts show its parent company Hartley Investment Trust, 86% owned by Lewis, is also part-owned by two firms operating from a drab Isle of Man office. And those two firms are in turn owned by companies based in the Bahamas and the British Virgin Islands – both safe harbours where the very wealthy can legally minimise their tax liability. The revelations are a further embarrassment for the Prime Minister who appointed the major donor and committed Christian his party’s business guru. Mr Cameron has promised a clampdown on offshore tax avoidance schemes which deprive the Treasury of millions of pounds. Analysis of documents reveals his company received more than £9.6million in its accounts from Goldthorpe Limited and Parnham Investments, both based in the Manx capital, Douglas. Accountant Richard Murphy said: “No one goes offshore without a reason. It’s either secrecy or tax. "In this case the offshore link is not secret so it has to be tax. In the Isle of Man, British Virgin Islands and other havens there is no capital gains tax. “So, keep the money out of the UK and right now HM Revenue & Customs can whistle in the wind for the money.” Prime Minister David Cameron Chums: Mr Cameron with Mr Lewis Labour’s John Mann MP added: “Perhaps Mr Lewis could use his expertise to advise on how we can close these loopholes. "That would be much more appropriate.” Records show both companies are currently active, with Goldthorpe first set up in 1995 and Parnham established in 1989. Claire Marie Cain, a director of both Manx firms, is also director of a number of Lewis’s businesses, including Crombie. Documents also reveal a multi-million-pound transaction between Goldthorpe and a trust called the Alan Lewis Settlement – but there is no public trace of that company in the UK. Latest shareholder records report Goldthorpe is co-owned by two companies in the British Virgin Islands and that Parnham is owned by a firm in the Bahamas. Hartley names an offshore business as its company secretary, which is the key role of running the affairs of a company. The chain also includes three subsidiaries of Hartley in the Isle of Man, putting Mr Lewis at the heart of the complex offshore setup. Records show he holds 10,757,999 shares in Hartley which he paid £1 each for. The stall for British fashion company 'Crombie,' Stall: Crombie at the Tory conference In April 1995 Goldthorpe and Parnham Investments acquired 13 per cent of the firm – 1,860,000 shares at £4.75 each, investing £8.8million. The following year Goldthorpe put a further £860,000. In October 2000 Hartley cut back on the number of shares in its business which had the effect of reducing the money invested in it from the Isle of Man by £500,000. But importantly, Mr Lewis “beneficially” owns all shares in Hartley – including those held offshore. This means he enjoys all the benefits such as profits and tax bill reductions. It is unclear whether Mr Lewis was personally behind the offshore investments, but there is no suggestion he or Ms Cain had acted illegally. And Mr Lewis, who reads the Bible every day, has said previously: “You have to conduct business in an honest and Christian-like way.” Our investigation comes a few months after the Isle of Man signed up to a tax transparency agreement. Despite Hartley’s turnover of £26.8million in the past five years it only paid £618,000 in corporation tax, because it is carrying “trading losses” of almost £6.9million. Despite the trading losses Hartley is still worth £35million and if it was sold tomorrow he could enjoy significant tax benefits because of offshore holdings. On Friday Hartley said in a statement: “All dealings by Hartley Investment Trust Limited are entirely transparent, commercially legitimate, within the rules and spirit of UK law, and are a matter of public record.” Crombie's upmarket image but scruffy premises The Crombie factory in Leeds Run down: The Crombie offices in Leeds Crombie's upmarket image is reinforced by a smart shop front in London's Mayfair – but wealthy parent company Hartley Investment Trust is run from shabby offices on a potholed industrial estate in Leeds. The brickwork of the 60s building is in poor condition, some of its metal-framed windows are corroded and smashed and the corrugated roof looks in need of repair. The premises consist of a reception area and a warren of small administrative offices, plus two warehouses. One is used to store Crombie clothing and fabrics. The other serves as Alan Lewis’s conference room and accountants’ offices. An upper floor is understood to house part of the Crombie historical archive and a showroom is used to hold monthly factory sales of Crombie stock. Mr Lewis has spoken previously about investing in Yorkshire after taking over an ailing textile company. Hartley, which employs around 500 people, has business interests in the UK, Spain, US and Russia, from timber to natural gas. Mr Lewis has said: “I made a lot of money in Yorkshire and I’m very keen to see it’s re-invested, I think it’s a very good centre where we can create wealth for the future.” Recently Published Prime Minister David Cameron blunders on marriage tax claims David Cameron The Prime Minister incorrectly told the Commons that “all married couples paying basic rate tax” would benefit * Nick Clegg's right hand man slams David Cameron's marriage tax break * It's nearly Halloween - so David Cameron should be a Ghostbuster and exorcise phantom companies Previous Articles David Cameron’s close ally Alan Lewis arrested over teenage student rape claim Officers held the 75-year-old – a Conservative vice-chairman – hours before he was due to travel to Manchester for the party's conference * David Cameron and Tory cronies get £1.2m from City fatcats Related Tags Organisations Conservative Party People David Cameron See Also Tax Politics mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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[facebook-share.032f05b5.png] Slate Sign In Sign Up Search Slate Explainer Answers to your questions about the news. Feb. 15 2013 1:17 PM Tax Holiday [facebook-share.032f05b5.png] Should you stash your money in the Cayman Islands? By Brian Palmer Jack Lew testifying before the Senate Finance Committee. Jack Lew testifies before the Senate Finance Committee Photo by Mandel Ngan/AFP/Getty Images Jack Lew, President Obama’s nominee for treasury secretary, faced questions about his investment in a Cayman Islands-based hedge fund during his confirmation hearings Wednesday. President Obama railed against offshore tax havens in both of his presidential campaigns. But if offshoring is generally legal—and seemingly lucrative—should you try it? Probably not. You can avoid only specific kinds of taxes using an offshore tax haven, and, for the most part, those taxes are significant only to large groups or very wealthy individuals. Consider, for example, the unrelated-business-income tax. Income from investments inside retirement accounts is generally untaxed until the owner withdraws the profits later in life. However, for complicated historical-legal reasons, if you use retirement funds to borrow money, and then invest that borrowed money in a partnership, you must pay a 35 percent tax on the profits. Hedge funds and pensions circumvent this tax by routing borrowed money through a corporation in an offshore tax haven, which is not the sort of business investment that triggers the 35 percent tax. The trick is known as “round-tripping,” because the money passes through a foreign country on a round trip from the United States. (You may be involved in round-tripping through your own pension fund without knowing it.) It costs money to set up a foreign corporation, though, so this strategy only makes sense for individuals who have vast wealth. If you have enough money in your IRA to consider buying a controlling stake in a business, you probably shouldn’t rely on the Explainer for tax advice. There are a couple of other scenarios in which you might want to use an offshore tax haven, like if you’re starting a dot-com with friends from other countries. But, for the most part, there are no lawful benefits to opening a savings or investment account in a low-tax or no-tax foreign country. U.S. citizens are required to pay tax to the federal government on foreign investment income, even if the interest, dividends, and appreciation never come home to the United States. Failing to report such income constitutes tax fraud and carries the potential for a 75 percent penalty and a prison sentence. In fact, the federal government requires you to disclose all foreign holdings if they total more than $10,000, even if you have no interest to report on that money. Failure to notify the government of those accounts, using the colorfully named “FBAR” form, carries a penalty of 50 percent of the account value or $100,000, whichever is greater. (The IRS periodically announces amnesties for people willing to come clean about their offshore accounts.) Countries that have served as tax havens, like Switzerland, Panama, and Lichtenstein, are increasingly signing agreements to disclose the existence of these accounts to foreign governments, making it difficult to avoid detection. Advertisement If you’re really serious about tax avoidance, you can’t stop at offshoring your savings—you’ll have to offshore yourself. Last year, the federal government predicted that thousands of people would renounce their citizenship by the end of 2012, many of them to avoid paying U.S. tax. There’s still a financial hit, though. When you give up your citizenship, you have to pay a one-time 15 percent tax on all assets. It could still make financial sense: The effective tax rate for U.S. expatriates in some Caribbean islands is under 5 percent. In giving up your passport, you’d be following Facebook co-founder Eduardo Saverin—who relinquished U.S. citizenship before the company’s IPO—and actor Jet Li. Gerard Depardieu became a Russian citizen this year to avoid French taxes. Got a question about today’s news? Ask the Explainer Explainer thanks Samuel Brunson of Loyola University of Chicago, James Hines of the University of Michigan Law School, and Daniel Shaviro of the NYU School of Law. Brian Palmer is Slate's chief explainer. He also writes How and Why and Ecologic for the Washington Post. Email him at explainerbrian@gmail.com. Follow him on Twitter. REPRINT PRINT EMAIL [facebook-share.032f05b5.png] (BUTTON) Load Comments Powered by Livefyre Slate Sign In Sign Up Search Most Read * 1. Phil Robertson Advised Men to Marry 15-Year-Old Girls Because They Will “Pick Your Ducks” * 2. 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They are no longer the main target for the ire of politicians. The new baddies on the block are the Googles, Amazons and Starbucks, the big global tax-avoiding corporations. The three main party leaders are trying to outdo the others in displaying their moral outrage. And David Cameron returned from Brussels yesterday having urged his fellow European leaders to place aggressive tax avoidance at the top of the agenda. But all this huffing and puffing about corporate irresponsibility and tax havens is at best hypocrisy and at worst could lead to [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login More from Columnists The Bishops Avenue and the rich and poor Published at 12:01AM, December 31 2013 During the downturn there were more boarded-up properties on “Billionaire’s Row” than in rougher parts of Wolverhampton Ed is just one big step away from victory Published at 12:01AM, December 31 2013 If Labour backs Tory spending plans for the first part of the next parliament it will woo Middle England There are no easy prescriptions for local hospitals Published at 12:01AM, December 31 2013 You can’t have your NHS cake and eat it Here’s what you’ll miss by escaping Hogmanay Published at 12:01AM, December 31 2013 The Scottish referendum means this could be the United Kingdom’s last new year together Related topics: * Technology + Google Inc. 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News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Apple stuffs $1bn a week into tax havens Simon Duke Published: 27 January 2013 * * Print iPhone display showing Apple share performance Apple kept £7bn from tax APPLE is stashing almost $1bn a week beyond the reach of the American taxman after ramping up efforts to slash its bill. The Silicon Valley company squirrelled away more than $11bn (£7bn) in its warren of subsidiaries in low-tax countries and tax havens in the final three months of 2012. This legitimate manoeuvre raises the amount of cash Apple has shielded from the American authorities to a colossal $94bn, according to documents filed last week. The revelation will inflame public anger over tax avoidance by large corporations, which is raging on both sides of the Atlantic. Apple last week lost its crown as the world’s most valuable company, yet it remains one of the world’s most profitable businesses. 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May 2014 Be the End of Your Ages... + Dr Harry Hagopian Dr Harry Hagopian :2010-2013: Three Years in the Lifetime of a MENA Region View all featured blog posts Politics * Boris Johnson * Conservatives * Labour * Lib Dems * Ukip * Westminster * Mehdi's Morning Memo David Cameron Reaches Agreement With British 'Tax Havens' Like Jersey, Cayman Islands On Tax Evasion The Huffington Post UK | Posted: 15/06/2013 15:57 BST | Updated: 15/06/2013 15:57 BST reddit stumble Share on Google+ Get UK Politics Newsletters: Enter email_________ Subscribe Follow: islands & beaches, David Cameron, Tax Avoidance, Tax Evasion, UK Politics, Enough Food For Everyone, G8, Guernsey, Jersey, Oxfam, Tax Havens, UK NEWS, UK Politics News British 'tax havens' like the Cayman Islands and Jersey have agreed to 'get their house in order' in a new deal on tax evasion secured by the Prime Minister ahead of the G8 summit. David Cameron said Britain's network of overseas territories and Crown dependencies have signed up to a new clampdown on tax evasion, aimed at promoting transparency and exchange of information between tax jurisdictions. Many of the islands and outposts, like Jersey and the Cayman Islands, are regarded as tax havens - a description they bitterly dispute - where wealthy individuals can shield their fortunes from the prying eyes of onshore tax authorities. tax haven Luke Harman and Mark Webber, dressed as bankers, sit on The Isle of Shady, a pop-up tax haven set up by Enough Food for Everyone IF campaigners The Prime Minister hailed the agreement as a "very positive step forward" which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue. The Prime Minister said they had had a "very good" meeting. "Let's be clear why this tax issue matters. If companies don't pay their taxes or individuals don't pay their taxes we all suffer as a result," he said. "It is important we are getting our house in order. What the Crown dependencies - places like Jersey and the Isle of Man, and the overseas territories - places like the Cayman Islands - have signed up to is basically the existing and the new standards for exchanging tax information. That is absolutely vital. "It is a very positive step forward and it means that Britain's voice in the G8 and the campaigning on this issue around the world for proper taxes, proper companies and proper laws ... will be stronger." Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at the talks. Cameron talks about Jersey etc. as if they are not under his authority. These tax havens are still subject to UK law which can be changed. — John Lipnicki (@john_lipnicki) June 15, 2013 Under the agreement, they will trial an international pilot programme which will see the automatic exchange of information between tax jurisdictions while also signing up to the Organisation for Economic Co-operation and Development's (OECD) convention on mutual assistance on tax. They also agreed to publish national action plans on beneficial ownership - declaring the true owners of so-called "shell" companies. In a joint statement, the chief ministers of Jersey, Guernsey and the Isle of Man said they welcomed Cameron's willingness to work in partnership with them on improving international standards. "We are committed to continuing to play a leading role in delivering a responsible and effectively regulated global business environment and in tackling the global problem of tax evasion," he said. g8 Police officers wearing G8 branded caps patrol streets of the city centre in Belfast Earlier, Cameron announced plans to establish a register of beneficial ownership in the UK as part of his drive for transparency on tax. "We need to know more about who owns which company - beneficial ownership - because that is how a lot of people and a lot of companies avoid tax, using secretive companies in secretive locations," he said. "The way to sweep away the secrecy and get to the bottom of tax avoidance and tax evasion and cracking down on corruption is to have a register of beneficial ownerships so the tax authorities can see who owns beneficially every company." Under the proposals, UK-registered companies will have a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company. The information would be entered on a central register that would be maintained by Companies House. Initially, the information would only be made available in Britain to authorities such as Revenue and Customs, but ministers are to consult on whether it should be made public. Speaking at a pre-summit conference at Lancaster House, the Prime Minister indicated that while he would like to make the register public, it would depend on other nations being prepared to follow suit. "The most important thing here is that that information is available to tax authorities. It will be their first port of call to try to uncover corrupt payments or tax evasion," he said. "Personally, I would hope the whole world will move towards public registers of beneficial ownership, but I want to maximise the leverage that the UK has got over others in terms of each step in turn. "Also, I want to make sure that business and enterprise comes with us on this debate." The agreement was cautiously welcomed by poverty campaigners like Oxfam, Save The Children and ActionAid. We've won again! All 10 UK tax havens have agreed to sign a multilateral agreement that will help tackle tax dodging. #IF — Stephen Brown (@LordBrownof) June 15, 2013 The acid test of the #G8 will be if @David_Cameron clamps down on tax haven secrecy so poor countries can free themselves from hunger #BigIF — Enough Food IF (@EnoughFoodIF) June 15, 2013 .@David_Cameron commits to make progress on tax - beneficial ownership and automatic exchange of information #G8TTT — Justin Forsyth (@justinforsyth) June 15, 2013 Cameron's announcement came as a mass anti-G8 rally took place in Belfast, ahead of the G8 summit. Around 1,500 protesters marched in torrential rain from the city's Custom House, past borded up shop fronts. Spirits were high and there were initially no signs of the disorder that some in Belfast had feared. Hundreds of public order police officers flanked the route with scores of fortified Land Rover-type vehicles also parked up and police helicopters circled overhead. 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View all RSS feeds * 1. 2. 3. uk-london24 William goes back to university to study agriculture at Cambridge New Year’s Eve and New Year’s Day London travel - Tube, Overground, rail New Year: Londoners most likely to still be over the limit at 10pm on January 1 More News at London24.com Search The Huffington Post_____ Search * Advertise | * * Make HuffPost your Home Page | * RSS | * Careers | * FAQ * User Agreement | * Privacy | * Cookie Policy | * Comment Policy | * About Us | * About Our Ads | * Contact Us * "The Huffington Post UK" is provided by AOL (UK) Limited. © 2013 AOL (UK) Limited its affiliates and licensors * Part of HuffPost Politics Quantcast HuffPost Lightbox IFRAME: //www.googletagmanager.com/ns.html?id=GTM-KJF4 * Jobs + Findajob.ie + Search Jobs + Advertise a Job + Upload CV + Career Advice + Education & Training * Cars + CarsIreland.ie + Used Car Search + Car Dealers * Homes + Globrix.ie + Buy Property + Rent Property + Advertise Properties * Deals + Grabone.ie + Dublin + Cork + Galway + Limerick + Kerry + South East + GrabOne Escapes + GrabOne Store * Dating + TheMeetingPoint.ie + Mature + Gay * Death Notices + Announcement.ie + Deaths + In Memoriam + Book a Notice * Book an Ad + Book a Print Ad + Book an Online Ad * Google+ * Facebook * Twitter independent Tuesday 31 December 2013 Icon Hi °C | Lo °C Change * Athlone * Bray * Cork * Drogheda * Dundalk * Galway * Kilkenny * Limerick * Navan * Waterford * News + Irish News o Courts o Irish abroad + World News o Europe o Americas o Middle East o Africa o Asia-Pacific + Opinion o Letters o Columnists o Editorial o Analysis o Comment + Local Papers + Weather o Upload your Weather photos FG to boost Labour's European bid with vote deal Man charged over 13-hour gun siege appears in court Driving licence deal with Canadian cities on cards for 2014 Pope Francis nominated for Tipperary peace award Bonuses on the way back for more public servants Mortgage demand up 10pc as recovery gains ground LONDON, ENGLAND - OCTOBER 16: Actor Michael Palin attends 'Life of Brian' was true, theologian swears on Bible * Sport + Soccer o Premier League o Champions League o League of Ireland + Gaelic Football + Hurling + Rugby o Autumn Internationals o Rabodirect PRO 12 o Heineken Cup + Golf + Horse Racing + Greyhounds + Other Sports o Cycling Contracts must be sorted sooner -- Gibbes The teacher's pets, class clowns and the ones who must do better United facing fierce fight to get hands on £20m Saints defender Shaw The good, the bad and the ugly of 2013 Penney ready to make tough calls Wenger still keen to snap up Madrid hitman Morata Rory McIlroy looks dejected The good, the bad and the ugly of 2013 * Business + The Budget + Irish + World + Technology o Gaming + Farming + Small Business + Media + Personal Finance o Latest News o Property & Mortgages o Pensions + Commercial Property Reward for investors as Irish bonds among top performers in the world Italian bank is urged to complete €3bn cash call Tax rates 'an impediment to entrepreneurs' It's music to their ears as royalties hit high of €32m Strong year for the ISE as index beats major markets Crocs sniff $200m investment boost Lead singer Bono of Irish rock band U2 performs a concert at the Olympic stadium in Turin...Lead singer Bono (C) of Irish rock band U2 performs a concert at the Olympic stadium in Turin, northern Italy August 6, 2010. 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Also in this section Strong year for the ISE as index beats major markets Firms seeking better phone deals Tax rates 'an impediment to entrepreneurs' Speaking at an Oireachtas sub-committee on global taxation, the OECD's director of its centre for tax policy and administration Pascal Saint-Amans said definitively that Ireland did not fill any of the relevant criteria for the OECD to class this state as a tax haven. "The definition for a tax haven that was internationally agreed classes it as a country with a zero tax rate, no transparency or exchange of information, and no real operations on the ground there," he said in response to a query from Fianna Fail's Michael McGrath. "Clearly Ireland does not fill those criteria," he said. Mr Saint-Amans said that the problems with the global tax system could not be addressed by a single country on its own. "These issues must be decided at an international level. A country can make some changes to its own laws, but there is little scope for significant changes to be made unilaterally. This problem needs a multilateral solution, he said. Mr Saint-Amans's appearance via video link – a first for the Oireachtas – came less than a week after the OECD published a new report into global corporate tax avoidance. That report made a number of recommendations that would force companies to pay more tax, but he made it clear those recommendations did not favour large countries over small or vice-versa. Download our Free iPhone App Now Download our Free iPhone App Now Download our Free Android App Now Download our Free Android App Now Comments * Email * Print * Font Size Stock market charts Data More in Irish (1 of 20 articles) Strong year for the ISE as index beats major markets Read More Also in this Section Barry O'Leary,CEO of the IDA at the IDA End of Year Briefing 2010 held at the IDA HQ,Wilton Place,Dublin yesterday.Pic Tom Burke 4/1/111 Tax rates 'an impediment to entrepreneurs' IRELAND's tax rates are an impediment to entrepreneurship and business start-ups, the Small Firms Association (SFA) has warned. Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. Firms seeking better phone deals It's music to their ears as royalties hit high of €32m A year of drama over Nama and house prices beckons as Troika exits stage left It's Boomtown for Bob with €6m dividends The commercial property sector's €2bn bounce-back A wish list for Irish business in 2014 Classifieds CarsIreland [Any Make_____________] [Any Model] [Any Year] (BUTTON) Search Yourlocal What? (e.g. cafe, ba Where? 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Reward for investors as Irish bonds among top performers in the world IRISH bonds were among the top performing this year, according to a second gauge in a week. Strong year for the ISE as index beats major markets THE Irish Stock Exchange (ISE) was one of the top-performing markets in Europe this year, doing better than some of the major stock markets. Most Read 1. Irish man charged in connection with racial abuse of former Man Utd star Andy Cole 2. Schumacher 'fighting for his life' as he remains in induced coma 3. Death threats to pharmacy in nut tragedy row 4. ‘You’re a true gentleman.. I love you so much and I don’t know how I’m going to live without you’ 5. 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The link between Lynton Crosby and the notorious tax haven will cause acute embarrassment to the PM, who has described legal ploys to avoid tax as “morally wrong”. Our investigation has found that Mr Crosby’s Maltese firm Rutland is run from the offices of a trust firm specialising in “wealth preservation” and hiding the true identity of company owners. Mr Crosby’s spokesman yesterday refused our requests to reveal who really owns a large stake in Rutland, which has been put into the trust. He confirmed that Mr Crosby, an Australian who lives in the UK, is a non-domicile – or “non-dom” – and insisted he paid his “full tax obligations”. Last year, in the wake of revelations about TV comedian Jimmy Carr using a legal scheme to avoid tax, Mr Cameron said: “Some of these schemes we have seen are quite frankly morally wrong. "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams.” Margaret Hodge, head of the Public Accounts Committee, said: “It beggars belief that the Tories are taking advice from a man who operates out of a notorious tax haven.” Labour MP Grahame Morris added: “They talk about One Nation but the guy pulling the strings is not resident for tax purposes. "It is bare-faced hypocrisy.” David Cameron's speech to the Tory Conference Critic: David Cameron called Jimmy Carr's tax arrangements 'morally wrong' Andy Stenning Labour vice-chairman Michael Dugher said: “Not only is this cigarette lobbyist running around at the heart of Downing Street, it now seems he has other serious questions to answer about his business”. Campaigner Richard Murphy, of Tax Research, said: “It’s legal for a non-dom to avoid tax on non-UK source income. "The question is should the adviser to a party that says it wants to end tax haven abuse take advantage of that opportunity and stay in their post?” Mr Crosby’s UK firm, CTF Partners, is reportedly being paid £200,000 a year for working one day a week on plans to get the Tories elected in 2015. The firm, which Mr Crosby runs with fellow Australian Mark Textor and British spindoctor Mark Fullbrook, has offices in London, Sydney and Milan. All three men are also shareholders in Rutland Limited, a firm set up in Malta in 2011 to provide “consultancy and technical services”. There is no suggestion that Mr Crosby or Rutland have done anything illegal. A spokesman for CTF Partners said: “Rutland is a legitimate company, which fulfils all its tax obligations in Malta. "It has never done any business in the UK or paid any dividends to anyone in the UK. “It has not received fees from any UK company, body, or individual. Any claim, or attempt to claim, that it was set up, or is used, to avoid paying UK tax is categorically wrong and highly damaging.” A Tory spokesman declined to comment on Rutland’s tax affairs or confirm how much it was paying CTF. He said: “It’s a private matter.” View gallery * " * " * " * " * " * " * " * " * " * " The paper trail linking Lynton Crosby, Malta, and a secretive trust View gallery t Cameron on tax In January 2013, to the World Economic Forum in Davos, Switzerland: “Companies need to wake up and smell the coffee, because the customers who buy from them have had enough. In July 2013, Mr Cameron warned that “taxpayers, governments and businesses all suffer when some companies manipulate the tax system to avoid paying their fair share of taxes”. Recently Published David Cameron accused of “systematic cover-up” of Lynton Crosby’s business interests Lynton Crosby Australian Mr Crosby, a tobacco lobbyist, was hired by Mr Cameron to oversee the Tory election campaign in the run up to 2015 * David Cameron ally Alan Lewis's business empire funded by tax haven millions * Bedroom tax: Queen helps desperate victim by sending his letter to David Cameron Previous Articles Lobbying scandal: Ex-watchdog tells David Cameron aide Lynton Crosby to reveal who he works for Lynton Crosby Sir Alistair Graham said the Prime Minister’s decision to hire Mr Crosby as an adviser had created an “unhealthy smell” in politics * Tory health minister Anna Soubry admits she took up smoking because of “glamorous” packaging Related Tags Organisations Conservative Party People Lynton Crosby David Cameron See Also Politics Tax mpu advertisement skyscraper advertisement See more stories you'll love You've turned off story recommendations. 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Sunday Times * Home Section Home * News Section News * Sport Section Sport * Business Section Business * Comment Section Comment * News Review Section News Review * Culture Section Culture * Style Section Style * Travel Section Travel * Driving Section Driving * Magazine Section Magazine * Papers Section Papers Welcome to your preview of the Sunday Times Subscribe now * Home * / News * / Ireland No script ads will arrive soon! News News * * Print Previous * 1 * ... * 23 * 24 * 25 * 26 * 27 * ... * 100 Next page Show all Ireland is third biggest US tax haven Sarah McInerney Published: 26 May 2013 * * Print The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. (Picture: Justin Sullivan) Ireland has been described as the third biggest tax haven for US firms (Picture: Justin Sullivan) IRELAND has been named the third biggest “tax haven” in the world for US profits, according to research conducted at Trinity College Dublin. In a paper on effective corporate tax rates in Ireland, Jim Stewart, a senior lecturer in finance, claims American companies in Ireland paid tax of 4.2% on more than €80bn of net profits in 2008. Stewart lists Ireland as one of six countries in the world “with tax haven/low-tax features”, which account for more than 60% of global US profits. The biggest tax havens are the Netherlands and Luxembourg, while Bermuda, Switzerland and the British Caribbean islands are below Ireland. Last week, the Irish government was forced to deny claims made at a US Senate committee hearing that the country was acting as a tax haven for Apple, the technology company. Enda Kenny, the taoiseach, and Eamon Gilmore, the tanaiste, both said Ireland’s corporation tax rate of Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login No script ads will arrive soon! 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Sponsored Editorial Sponsored Editorial My Olympics Be part of the picture How are you celebrating the Games this summer? * Previous * 1 2 3 4 5 6 7 8 9 10 11 * Next Contact Us 1. Useful contacts 2. Syndication 3. Display advertising 4. Classified advertising Terms of use 1. Terms and conditions 2. Privacy and cookie policy Site Map 1. Site Map 2. Corrections About us 1. News UK 2. News Corporation 3. FAQ Other sites 1. The Whisky Club 2. Sunday Times Wine Club 3. Crossword Club 4. Encounters Dating 5. The Sunday Times Bookshop 6. Sunday Times Driving 7. Times Currency Services © Times Newspapers Ltd 2012 Registered office 3 Thomas More Square, London E98 1XY. Registered in England No 894646 Contact us Close What do you think? Help us improve The Sunday Times. We welcome your feedback, suggestions and ideas. Click here to send us your feedback Need help from our Customer Services team? You can contact the team via the following channels: Live Chat Twitter Email Telephone: +0044 20 7711 1523 Do you have a story? If you know of a story that we should be investigating, please let us know about it Post Customer Liaison 3 Thomas More Square, London E98 1RL Other useful contacts THE TIMES Politics * News * Opinion * Business * Money * Sport * Life * Arts * Puzzles * Papers * List View * Site Map * RSS Feeds * IFRAME: eplhubframe Welcome to your preview of The Times Subscribe now Hopes rise at G8 of ‘concrete’ progress against tax avoidance * Article * Q&A: what can G8 do on taxes? President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP * * Print Share via * Facebook * Twitter * Google+ * Prime Minister David Cameron, center, chairs an EU-US trade meeting with European Commission President Jose Manuel Barroso, left, US President Barack Obama, second left, German Chancellor Angela Merkel, second right, and Irish Prime Minister Enda Kenny during the G-8 summit at Lough Erne Golf Resort in Enniskillen, Northern Ireland 1 of 1 President Obama, David Cameron and Angela Merkel at the G8 Stefan Rousseau/AP Jenny Booth Last updated at 9:33AM, June 18 2013 Britain hopes to make “real concrete progress” today on tightening international tax rules which allow rich companies and individuals to hide their wealth and avoid paying their fair share, George Osborne said from the G8 Summit in Northern Ireland. David Cameron has put action on tax havens, and transparency about the ownership of large international companies and the assets of rich individuals, at the top of his agenda for the two-day meeting of the leaders of eight of the world’s largest economies. Speaking before this morning’s session on tax, which he has been invited to attend as a guest, the [ST_Teaser_620x430_V_493702a.jpg] Subscribe now Login Already a subscriber? To see the full article you need to subscribe Subscribe Login Q: Will it be harder for corporations and individuals to dodge taxes as a result of the G8 summit? A: David Cameron hopes so, but it is too early to tell. Q: Is it the business of the G8 to write tax rules? A: No. Much of the detail will have to be worked out by the larger group of G20 countries and, ultimately, by the OECD in September. Q: What does Mr Cameron want? A: Action on two main areas. The first is legal tax avoidance by companies. He wants the G8 to give an unignorable push to the OECD to rewrite global tax rules to tackle the scourge of shifting profits offshore to avoid tax. Google and Amazon have been accused of this, resulting in their minimal corporation tax bills. The OECD will discuss this in the autumn. Q: Anything else? A: Mr Cameron wants tax authorities to share data automatically. Britain, France, Germany, Italy, Spain and the US are piloting such a system to see who is paying taxes and where. The Prime Minister won the agreement of Britain’s crown dependencies and overseas territories, such as Jersey, Guernsey and the Cayman Islands, to do the same, strengthening his hand at the G8. Q: Will others follow? A: Some G8 countries, such as Canada, are wary. There are concerns that developing countries lack the necessary IT to handle such data, and might abuse it. Some richer nations want tax details shared only when requested. Campaigners say the sharing must be automatic or developing countries in particular will continue to be fleeced by corporations. Q: What about illegal tax evasion? A: Mr Cameron wants all countries to publish a register of ownerships, showing who ultimately profits from a company. This is aimed at offshore shell companies and other tax-evading vehicles. Mr Cameron has promised a UK list, which he may make public. Q: Will he win this one? A: Not today. The best Mr Cameron can probably hope for is a vague promise from the others to draw up their own "action plans". Roland Watson G8 Summit 2013 A vehicle carrying US President Barack Obama makes its way past the Clinton Centre, Enniskillen, Northern Ireland 1. 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2013-06-11 00:01:00.0 2. 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 2013-06-21 00:01:00.0 Read the full story Jeffrey Osborne: more used to being mistaken for Ozzy than George Jeffrey Osborne The American R&B singer is being bombarded with suggestions that he assume responsibility for the British economy... West tries to engineer a coup in Damascus President Assad’s henchmen would be allowed a role in a rebuilt Syria, world leaders said in an attempt to encourage... Related topics: * Politics + George Osborne + David Cameron Cameron hails ‘tax dodging declaration’ to stop companies shifting profits The Google search window Multinational corporations such as Google and Amazon would also be forced to declare how much tax they pay and... Obama’s girls have lunch with Bono First Lady Michelle and her daughters Malia and Sasha lunched with the U2 singer and anti-poverty campaigner at... Tax Take The G8 made some progress on tax evasion but the big prize will be new rules to prevent companies shifting profits... Putin refuses to bow to G8 pressure to cut Assad adrift Hopes that both sides could meet in Geneva next month appeared to be dashed today after an isolated President Putin... Sponsored Editorial Entrepreneurs 2013 Celebrating innovation Small businesses with big ideas are ready to break out of their niches Money Matters The future of banking Banks are enlisting technology to woo cynical customers Future of Engineering Bring on the cyber sheriffs Reports from the BAE Systems/The Times round-table discussions Authentic Italians A taste of sunshine - buon appetito! 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Book your luxury escape now * Early booking offers for 2014 Call Sunvil on 020 8758 4722 to discover more. * + * Most Read * Most Active [facebook-2_105831a.gif] [twitter-2_105832a.gif] The Times and Sunday Times for Android tablets © Times Newspapers Limited 2013 | Version 5.5.0.3(115739) Registered in England No. 894646 Registered office: 3 Thomas More Square, London, E98 1XY My Account | RSS | Classified advertising | Display advertising | The Times Whisky Club | Encounters Dating | Sunday Times Wine Club | Privacy & Cookie Policy | Syndication | Site Map | FAQ | Terms & Conditions | Contact us | iPhone | Android smartphone | Android tablet | Kindle | Kindle Fire | Place an announcement in The Times | Sunday Times Driving | The Times Bookshop | Times Tutorials| Times Currency Services v #Mail Online Search Mail Online News RSS feed publisher * MailOnline - news, sport, celebrity, science and health stories * Home * News * U.S. * Sport * TV&Showbiz * Femail * Health * Science * Money * Video * Coffee Break * Travel * Fashion Finder * News Home * Arts * Headlines * Pictures * Most read * News Board * Login Find a Job M&S Wine Feedback Tuesday, Dec 31 2013 3AM 3°C 6AM 2°C 5-Day Forecast show ad * * * * * 0 shares * Long to Live How long do YOU have left to live? 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PAUL MCKENNA'S tricks to beat comfort eating * Lisa Bowden Unemployed gypsy mother demands new council house - because her beliefs 'do not allow her to live in a home where someone has died' * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * bomb blast Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined terrorist cell? * Previous * Next Apple's not alone in stashing cash in offshore tax havens as 18 of the U.S.' biggest companies skirt $92 billion in taxes: Report * Some of the U.S.' largest corporations keep much of their profits in places like Ireland, the Bahamas and the Caymen Islands, where corporate tax rates can be as low as zero * General Electric holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore * U.S. corporate tax rates range from 30-percent to 39-percent By Daily Mail Reporter PUBLISHED: 23:13 GMT, 3 June 2013 | UPDATED: 23:20 GMT, 3 June 2013 * * * * 19 View comments After a Senate committee revealed last month that Apple skirted billions in taxes by stashing cash in offshore tax havens, the company quickly became the poster child of big businesses that take advantage of dramatically lower corporate tax rates around the world. But it turns out Apple isn't alone - according to a new report, 18 of the largest companies in the U.S. avoid paying U.S. taxes in the exact same way, dodging an estimated $92 billion, collectively. According to the report, conducted by the tax-advocacy organization Citizens for Tax Justice, 18 of the U.S.' Fortune 500 companies - like Nike, Microsoft, American Express and Oracle - disclose information in their annual financial reports that indicates that they keep billions of dollars in profits offshore where corporate tax rates can be in single-digit percentages. In the Bahamas, for example, the corporate tax rate is zero. If the companies were to keep their money in the U.S., they would be subject to corporate tax rates ranging from 30-percent to 39-percent. Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax Apple CEO Timothy Cook explains to Congress how the company stashes billions of dollars in profits to avoid paying U.S. corporate income tax The CTJ says places like Bermuda and the Caymen Islands are likely the locations of choice for many of the tax-skirting corporations to stash their money. More... * New IRS chief says his agency 'violated' Americans' trust with 'simply unacceptable' political partisanship as Congress hints at reducing tax collectors' funding * The ninth-grade entrepreneur set to become a millionaire after the world - including Macy's - fell in love with her light-up 'Fish Flops' Under current U.S. tax code, large corporations can indefinitely defer paying U.S. income taxes on their offshore profits. It's not until the money is repatriated that the U.S. can apply any taxes to any corporate profits - and that's assuming that these corporations ever bring the money back to the U.S. Even when the money is brought back into the country, corporations rarely pay the full corporate tax rate on profits they've kept offshore to the U.S. - companies are allowed a “foreign tax credit” against their U.S. tax when and if the profits are subject to U.S. tax. This means that a company that pays a 25-percent tax rate on income it's kept offshore - to a foreign government - would only have to pay a 10-percent tax rate if it brings the money back into the United States. Cha-ching! Cha-ching! But the CTJ also found that 22 companies that don't disclose where they keep their money hold an estimated $720 billion in un-repatriated income. Topping that list is General Electric, which holds roughly $110 billion in places like the Bahamas, Bermuda, Ireland and Singapore. Pfizerr got the number two spot, with $73 billion spread between Ireland, Bermuda, the Caymen Islands and several other low-tax nations. Because stashing money in places that have low corporate income tax rates isn't illegal, and because the CEOs of these companies report to stockholders, business experts have said that for a company to not squirrel money away in places with low tax rates would be the equivalent of corporate malpractice. But lawmakers are attempting to fix the loopholes that allows these companies to duck paying taxes. Several of the corporations on the CTJ's list have suggested granting a holiday on taxes for companies that want to repatriate their income that's currently being kept overseas. 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[btn_add-your-comment.png] [icon_comments_74.png] Comments (19) Share what you think * Newest * Oldest * Best rated * Worst rated View all The comments below have been moderated in advance. [1351098709505441_p.jpg?cb=20131231] the philosopher, staffordshire, United Kingdom, 6 months ago and there is nothing you can do about it - ibrahim ahmed , london, United Kingdom, 04/6/2013 01:08-------------> yes they could have done something by passing obama's bill to close loopholes but the republicans are all funded by these companies nd there was no way they would betray their donors....corporations are killing america through lobbying by groups such as the tea party....most tea party members are too old and ignorant to know who funds the tea party. 2 3 Click to rate [1364220307206012_p.jpg?cb=20131231] userpete86, Irvine, United States, 6 months ago Of course companies are doing this; it's legal. Close the loophole, make foreign held accounts for money made in the US pay taxes in the US and stop whining that corporations "aren't being fair." 1 5 Click to rate [5340970_p.jpg?cb=20131231] MarkD, Syracuse, 6 months ago First our Congress creates tax laws, then these companies comply with them, and then Congress complains about the result. Companies do not pay taxes, people pay taxes. Simplify the tax code and this money will go the shareholders, where it will be taxed, or to create new products which will be purchased and more taxes paid. 0 6 Click to rate [5952071_p.jpg?cb=20131231] Viejo, Texas, 6 months ago Ya know, if the USA didn't have the highest corporate tax rate in the industrialized world - 35%, perhaps these corporations wouldn't go to such links to avoid paying them. 1 2 Click to rate [4107995_p.jpg?cb=20131231] Marge, Texas USA, United States, 6 months ago And my fellow Americans continue to be sidetracked by silliness . They demonstrate their anger at trivia instead of directing it where it needs to go. Wake up. If these companies paid their share we could have the American Dream. Instead we carry on: the poor can't pay and the rich WON'T pay so we are monkey in the middle......... 1 1 Click to rate [1348940208907151_p.jpg?cb=20131231] Arlene La Hera, Stuart, United States, 6 months ago QUOTE: "and there is nothing you can do about it" - ibrahim ahmed , london, United Kingdom, 04/6/2013 Actually, there is nothing YOU can do about it. Americans CAN change their tax laws, easily. Not only that they can make them retro-active and recoup many years of taxes evaded. This money isn't gone yet. The tax structure is about to undergo an overhauling and hopefully these measures WILL be taken for the good of the country. 1 1 Click to rate [5912051_p.jpg?cb=20131231] Terry T, Anywhere USA, United Kingdom, 6 months ago They missed all the churchs and evangelist organizations that pay NO tax of any kind. The companies listed get tax breaks because they employ millions, who PAY TAXES. I don't think it's fair to list these taxpaying companies and ignore a multi-billion dollar a year business that pays nothing. 1 1 Click to rate [1366642973254081_p.jpg?cb=20131231] JoeyBagadoughnutz, hell, United States, 6 months ago nothing new 0 2 Click to rate [1367889782731513_p.jpg?cb=20131231] RandyJ, Dewitt, United States, 6 months ago 18 companies & $92 billion?!? Who the hell can blame them? Ever wonder why so many companies have left the US or why wages have fallen? The US government sees everyone's wallet as an unending revenue stream. Finding ways to avoid having your pocket picked has become just as important as maintaining your place in the market. 1 1 Click to rate [4715660_p.jpg?cb=20131231] rb, tampa USA, 6 months ago And if these idiots in Congress would lower the corporate income tax rate and the rate to repatriate money earned overseas, they could legally get their grubby mitts on the money 1 1 Click to rate The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We are no longer accepting comments on this article. [topcommenter.png] Who is this week's top commenter? Find out now More top stories Danny Clarke from Benfleet,Essex How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave volunteers to find out - with... 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I couldn't face doing anything': Fern Britton talks about 'horrible' post natal depression and how she looks at her body now * Kimye Kim and Kourtney Kardashian hit the slopes in style... but Kanye looks like the Invisible Man in head-to-toe ski cover-up That'll help his resolution * Kim Kardashian Kim and Kanye couldn't be s'more in love as they nibble on treats by firepit with their sweetie Nori Appeared to be blissfully happy strolling around a snowy Park City in Utah * PICTURE EXCLUSIVE: Kourtney Kardashian and Scott Disick go tubing in the snow with children Mason and Penelope during family vacation in Utah PICTURE EXCLUSIVE - Kardashian-ing through the snow: Kourtney and Scott go tubing with children Mason and Penelope during family holiday in Utah * LUCY WATSON EXCLUSIVE 'Jamie and I are not together and we never will be': Lucy Watson reveals split from co-star Laing after Made In Chelsea end of series party * ABBEY CLANCY Abbey New Year! 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Joan Collins makes rare appearance with sister Jackie on Graham Norton Show before fellow guests try on her wigs * Jaclyn Smith at LAX Charlie's Angels star Jaclyn Smith, 68, still has the elixir of youth about her as she heads through the airport looking flawless Photographed at LAX * * Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski in Barbados He's got the Pecs-Factor! Simon Cowell shows off toned physique in white shorts as he jumps on a jet ski Enjoying himself in Barbados * Mommy and me: Paris Jackson posted this pic of her with her mother Debbie Rowe on Christmas Eve Pictured: Paris Jackson gets a hug from mother Debbie Rowe as they spend Christmas in Hawaii after tumultuous year Happy family snap * Myleene Klass poses on an inflatable before helping daughter with homework while sat in a hot tub She's having a croc-ing good time! Myleene Klass poses on an inflatable while flashing her toned midriff in patterned strapless bikini * LUISA ZISSMAN 'I'd rather be thin than be a role model': Luisa Zissman keeps her slimmed-down figure under wraps in a stylish belted mac for day out with daughter Dixie * Puppy love! Zachary Quinto and rumored boyfriend Miles McMillan take his pet dogs for a Manhattan stroll Puppy love! Zachary Quinto and model Miles McMillan bundle up while taking pet dogs for a stroll Pair were spotted in Manhattan * Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting as they bump into each other on slopes in Mammoth Seal-ed with a kiss: Singer gives pregnant Gwen Stefani a warm greeting in California Pair rossed paths at the Mammoth Mountain ski resort * Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo Is that you Jenny McCarthy? The former Playboy model covers up her curves in a coat and huge scarf as she joins Ryan Seacrest for New Year's Eve promo * Kaley Cuoco Working off her clothes! Kaley Cuoco shows her too trim figure as she heads for a gym session the day before her wedding New Year's Eve nuptials * Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip Best spot of all! Chloe Green sits on Marc Anthony's lap in white fringed shorts as they cosy up during family boat trip She looked all-white * Move over McCall: Vicky Pattison's fitness DVD wipes Davina off the top spot... after just THREE days on sale Vicky Pattison shows off size 6 figure in more stunning bikini shots... as her fitness DVD knocks Davina McCall's off the top spot after just THREE days on sale * harry styles Harry Styles has close friend Meredith in stitches as they go dog walking on Hampstead Heath ... as rumoured girlfriend Kendall is home in LA * Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii Living the rock star life! Bon Jovi guitarist Richie Sambora soaks up the sun with daughter Ava in Hawaii He practised safe sun keeping covered up * LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday LeAnn Rimes shows off her rock-hard abs in sports bra then jets off with Eddie Cibrian and his sons for a New Year's holiday Jetted off from LAX * Daddy duty! Alec Baldwin tenderly kisses pet dog and strolls with baby Carmen alongside wife Hilaria Daddy duty! Alec Baldwin tenderly kisses pet dog on strolls with baby Carmen and wife Hilaria Hot-tempered actor reveals his softer side * Oh happy day: Actor Jimi Mistry wed his former Strictly Come Dancing partner Flavia Cacace in London on Sunday Jimi Mistry weds former Strictly Come Dancing partner Flavia Cacace in stunning London ceremony Couple wed at historic St Pancras hotel in London * You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show You won't be needing that for a while! Amy Childs shows off her slim bikini body as she gears up for winter sports reality show Couldn't resist a selfie * Jenson Jenson Button and girlfriend Jessica Michibata celebrate fifth anniversary with a mini triathlon Does the super fit couple ever rest? * What will Zayn say? Perrie Edwards performs with Little Mix on Top of the Pops wearing skin-tight nude top Perrie Edwards performs with Little Mix on Top of the Pops New Year's Eve special wearing skin-tight nude top What will Zayn say? * Michaela Strachan dives Taking the plunge: TV presenter Michaela Strachan begins her training regime for the return of ITV's Splash Looking great in a swimsuit at 47 * Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Fergie's amazing transformation: Duchess of York sheds TWO STONE on gruelling 90 day mountain bootcamp Famous for yo-yo dieting * Hump day! Usher shares majestic snaps of himself riding a camel in the Sahara Desert Usher Of Arabia: Singer shares breathtaking travel snaps as he rides camel through Sahara Desert Singer looks impressive in Morocco * More scandal! Justin Bieber's bodyguards arrested in Miami after 'attacking' a police officer... luckily the singer was miles away in Canada More scandal! 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Bar Refaeli pretends to be an 'Angel' like her ex Leonardo DiCaprio's current Victoria's Secret squeeze Toni Garrn She never got her wings * Serena Williams Serena Williams treads carefully as she prepares for Australian Open in Brisbane... as she reveals fears over ankle injury Understandably nervous * New outlook: Lily Allen has insisted she has a new mature way of thinking of things as she posed for a new shoot in Esquire magazine 'I don't want to be Rihanna... I want to sell some records and live my life': Lily Allen insists she has matured as she poses in a bathtub for racy new shoot * Rochelle Life's a beach: The Saturdays' Rochelle Humes and baby Alaia- Mai enjoy quality family time on exotic holiday JLS star husband Marvin took the cute photo * matt Matt Cardle 'checks himself into The Priory after becoming addicted to prescription drugs' X Factor 2010 winner, 30, 'took painkillers to fight stress while recording' * robert Tropic Fun-der: Robert Downey Jr messes about on the beach with son Exton during family holiday in St Barts Playing the family man on Caribbean holiday * Matthew McConaughey Snap happy! Matthew McConaughey takes lots of photos at the zoo with his family on their Brazilian holiday In wife Camila's native country * She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break She doesn't need to worry about a New Year diet! Cheryl Cole shows off her toned figure as she shares yet another bikini snap from her South African break * Bath babes: Luisa Zissman shared a picture of herself in the bath with a female friend Are you having a bubble? Luisa Zissman shares saucy snap of herself sharing a bath with female friend Known for her racy private life on Apprentice * Sam Bailey Their lucky charm: Sam Bailey and family watch her hometown team Leicester City beat Bolton Wanderers X Factor winner at King Power Stadium * robin roberts Revealed: The woman in the wings: How GMA host Robin Roberts' secret girlfriend was by her side throughout their 10-year romance Presenter 'came out' * Things are heating up! Jennifer Aniston and Justin Theroux shares a steamy kiss after low key arrival in Mexico Things are heating up! Jennifer Aniston and fiancé Justin Theroux share a kiss as actress continues to show off incredible bikini body on Mexican vacation * chloe green Mind you don't get sand in it! Chloe Green totes Chanel beach bag as she joins her father Philip for beachside lunch in Barbados Where's Marc Anthony? * All together now: From left to right the row went; John Sheeran, Ed Sheeran, Christine Bleakley and Frank Lampard Snr Who knew they were friends? Ed Sheeran and Christine Bleakley cosy up during Chelsea match TV presenter supporting fiance Frank Lampard * iconic hair Audrey Hepburn's Breakfast At Tiffany's beehive tops list of most iconic hairstyles of all time (and yes, 'The Rachel' is on there too) Elvis's quiff included * Meet the 'boob painter': Risqué artist creates amazing pictures using only her breasts Meet the 'boob artist', who creates £300 artworks by dipping her breasts in paint - and has sold canvases to Russell Brand and Hugh Hefner * She's not following in Buffy's footsteps! Sarah Michelle Gellar's daughter Charlotte wears elbow and knee guards as pair go ice-skating She's not following in Buffy's footsteps! 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Slimmed down Bono steps out with a mystery blonde Buying fruit and vegetables at the Farmer's Market * Jonas Joined at the hip(sters): Cara Santana and Jesse Metcalfe look stylish as they join Joe Jonas and Blanda Eggenschwiler for lunch Hanging out in LA * CZJ EXCLUSIVE: Michael Douglas and Catherine Zeta-Jones spotted together for FIRST time since announcing split in August and both are wearing wedding rings * Tamzin Outhwaite enjoys night out with pal Nicholas Pinnock as she takes her mind off her divorce 'Life is good!': Tamzin Outhwaite hugs pal Nicholas Pinnock during night out with friends as she takes her mind off her divorce A friend in need... * Jasmine Waltz Kelly Brook worried as Danny Cipriani's ex Jasmine Waltz plans on sharing saucy secrets in Celebrity Big Brother Dated David Arquette and Ryan Seacrest * brian Giving Mummy some 'me' time: Brian Austin Green cradles son Noah during trip to pet store... leaving pregnant Megan Fox at home Hands-on father * Rachel Zoe with Kai Jagger Berman Baby love: Rachel Zoe introduces newborn son Kaius Jagger to pal Jaime King over brunch with their husbands Stylist's second son is just a week old * Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Picture perfect: Jaime King carries newborn son James as she joins husband Kyle Newman for lunch with Rachel Zoe Mother's meeting! * And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio And they're off (again)! Nick Lachey and wife Vanessa take son Camden out to Mexico after spending Christmas in Ohio Time for some sun! * Keira Knightley house Keira's £4m home, fit for a family: Actress snaps up five-bedroom property in exclusive part of London complete with wine cellar Newlywed is upsizing * Sinitta He's so macho! Sinitta spotted with hunky companion Jason Gale for second time on Barbados break with Simon Cowell and Lauren Silverman New Autograph M&S Optez pour un look chic et assur cette saison avec notre nouvelle collection. more MORE DON'T MISS * Olivia Colman (right) as Margaret Lea and Vanessa Redgrave (left) as Vida Winter in The Thirteenth Tale Anguished Olivia could give a shop dummy hidden depths: CHRISTOPHER STEVENS reviews last night's TV The Thirteenth Tale (BBC2) * Abbey Clancy Lean in green: Abbey Clancy relaxes after her Strictly Come Dancing win as she holidays in Dubai with daughter Sophia Certainly looks toned * Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton Liam Gallagher looks loved-up as he shops hand-in-hand with Debbie Gwyther... ahead of 'friendly' meeting with Nicole Appleton New girlfriend * How Goofy! Elizabeth McGovern parodies iconic Downton Abbey poster alongside famous character at Disney World How Goofy! Elizabeth McGovern parodies iconic Downton Abbey line-up alongside famous character at Disney World In the mood for fun * Cindy She's still got it! Original supermodel Cindy Crawford displays her enviable figure during romantic holiday in Mexico Ageing gracefully * Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Back to black: Pregnant Tamara Ecclestone wears ribbed jumper over mini skirt for dinner with husband Jay and sister Petra Stunt * paul Here Comes The Sun: Paul McCartney and Nancy Shevell frolic in the sea as they continue their Caribbean break Loving the weather in St Barts * Candice All tied up! Victoria's Secret Candice Swanepoel shows off her incredibly toned body in a titillating bondage bikini for racy new magazine cover * Lovebirds: Terry Seymour and her beau Clark Mallon held hands as they frolicked on the beach in Barbados on Sunday Attached at the hip! Terri Seymour and toyboy lover Clark Mallon hold hands as they frolic on beach during romantic Barbados getaway * Popping the question: James Blunt and long term girlfriend Sofia Wellesley became engaged over the Christmas holiday RICHARD KAY: James Blunt to marry Duke of Wellington's girl: Singer and Sophia Wellesley got engaged over Christmas An extra celebration * Hair can become dry, frizzy and dull as we age - but one new conditioner claims to prevent such symptoms, and hold them off for a whole month after use Can you turn back time on your hair? New conditioner has 'anti-aging' results that promise to last a MONTH FEMAIL tests White Sands' ER Fusion * Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD Josie Gibson shows off size 10 figure in cropped gym top and leggings as she releases second fitness DVD This time it's a 21 Day Fat Burn * Striking resemblance: Tim Curry as Dr. Frank N. Furter in the 1975 movie The Rocky Horror Picture Show and Prince, shown in concert on Sunday in Connecticut, looked like they had the same stylist Let's do the time warp again! Prince bears striking resemblance to Dr. Frank N. Furter in The Rocky Horror Picture Show as he performs in concert * 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE 'I was shocked': Khloe Kardashian reveals mother Kris Jenner wanted her to get a nose job at the age of NINE Her vanity extends to her children * Khloe Kardashian 'I'm excited for this year to be over': Khloe Kardashian reveals she's looking forward to a fresh start after marriage split Talked to Cosmopolitan * All My Children star Aiden Turner arrested after 'assaulting girlfriend with remote control' at Hollywood home All My Children star Aiden Turner is charged with FOUR counts of domestic violence after 'assaulting girlfriend with remote control' at Hollywood home * Intimate lunch: Vanessa Hudgens and Austin Butler were seen sharing an intimate lunch from Gjelina Take Away in Venice, California, on Sunday Keeping the romance alive! Vanessa Hudgens and her beau Austin Butler find an intimate spot to enjoy their lunch Enjoyed a take away in Venice Beach * How old is she again? Catherine Zeta-Jones, 44, has barely aged in 10 years... looks amazing during NYC family outing No wrinkles here! Catherine Zeta-Jones, 44, has barely aged in 10 years: Actress looks amazing in New York But has she had any help? * Michael Douglas, 69, looks in miraculously good shape nearly three years after beating cancer ... and Michael Douglas, 69, looks in good shape nearly three years after beating cancer Actor recently announced he had made a full recovery * Beckhams holiday Are the Beckhams having a holiday from hell? Body washes up on Maldives beach followed by huge fireworks explosion at resort where family are staying * Zara Phillips She's the mane attraction: Heavily pregnant Zara Phillips is positively glowing as she attends the Cottenham races Point-to-point races * Olivia Palermo Isle always love you! Olivia Palermo gets some loving attention from beau Johannes Heuble during romantic day on St Barts beach Reality star relaxing * All grown up! Madonna shared this snap of her daughter Lourdes, 17, on Instagram on Sunday She's growing up so fast! Madonna shares snap of daughter Lourdes as they hit the slopes for the holiday Captioned the picture: 'Snow Bunny Is DONE!' * 'I am blessed': Jada Pinkett Smith says she is thankful to spend the holidays with her husband Will and children after family friend dies suddenly on Christmas Eve 'I am blessed': Jada Pinkett Smith is thankful to spend holidays with husband Will Smith and children after family friend dies suddenly on Christmas Eve * Sherlock Holmes Sherlock and the two-year cliff-hanger: Fans flood the internet with theories about how Holmes managed to fake his own death Two days till we find out * Lily Allen Lily's attack on 'Botoxed celebrity idiots': Pop star claims friends abandoned her after she became pregnant and stopped partying * Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Julia Roberts reveals she was once asked by a director to have her freckles 'taken off' because they looked 'dirty' Proud of her freckles! * Howard Stern keeps his Private Parts covered while in Cabo with wife Beth Otrosky and his friends Friends in high places! Howard Stern takes a dip with wife Beth Ostrosky as he joins Jennifer Aniston, Justin Theroux and pals on holiday in Mexico * What a combo! Naya Rivera dons Chanel tracksuit as she indulges in Chipotle Mexican Grill in Los Angeles, California on Sunday Chanel and Chipotle! Glee star Naya Rivera wears a designer tracksuit as she ditches her pre-wedding diet to indulge in Mexican fast food * A third of women think their partner would be absolutely mortified if he knew the true extent Reckon women don't pluck their nose hair or shave toes? Think again! The average female has EIGHT beauty secrets she hides from her partner * 'The ends are straggly and it feels brittle and dry,' said Kim Carillo of her hair They've never been more realistic - or popular... So would a wig put an end to your bad hair days? Synthetic wig costs from £80 to £200 * The Queen Crestfallen, the boy denied a royal audience: Children disappointed after Queen breaks with tradition by not accepting flowers following church service * Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Is she Kanye West's biggest fan? Kylie Jenner professes her devotion to her big sister Kim's famous fiance Always in VIP seats of future bro-in-law's gigs * Not afraid of the carbs! Heidi Klum takes in an American football game and doesn't seem concerned with her figure as she chugs down a beer She's not afraid of carbs! Supermodel Heidi Klum chugs down a beer as she takes in an American football game Posted a photo of herself on Instagram * Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Beyonce Knowles reveals she had 80 songs to choose from for new album and cites Drunk in Love with Jay-Z as a favourite Obviously been busy * Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown 'It was important we walked down the aisle as a family': Sally Lindsay marries drummer Steve White in ivory Grecian-inspired gown * That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach That's not very practical! Italian model Claudia Romani shows off her bikini body as she walks in heels on the beach Strutted with ease * Action star: Jet Li, shown in September in China, revealed last week on a Chinese talent show that he's being treated for an overactive thyroid 'I'm in pain, but I'm not suffering': Jet Li reveals on Chinese talent show that his recent weight gain is due to suffering from an overactive thyroid * Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully 'People look so much better if they don't have surgery': Britt Ekland poses with grandson Cash after admitting she regrets not growing old gracefully * Taking it one step at a time... troubled Amanda Bynes looks to be on the road to recovery as she walks with her family Taking it one step at a time... troubled Amanda Bynes looks to be well on the road to recovery as she takes a leisurely stroll with her family Back in her stride * Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Another day, another bikini! Jennifer Aniston flaunts enviable figure in variety of barely there two-pieces on Mexican getaway Holiday in Los Cabos * Beach babe: Gabrielle Union posted several photos to her Instagram and Twitter accounts of her vacationing at a seaside location on Sunday 'Life's a beach': Gabrielle Union posts photos of her seaside vacation following engagement to Dwayne Wade Bring It On star * Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo Where's Halle Berry? Olivier Martinez hasn't been spotted with his wife in THREE weeks... and there's STILL no sign of their new baby Maceo * High tech sleepover! Selena Gomez and Taylor Swift share a tea over Facetime with Demi Lovato High tech sleepover! Selena Gomez and Taylor Swift share a cup of tea over Facetime with Demi Lovato Pyjama party every teen girl would want to join * Catwalk cruelty: A Julien Macdonald model wears fur LIZ JONES: Think angora is the only cruel fabric on the High Street? Think again... Every big High Street brand should label its clothing clearly * New baby for the new year! Caroline Lindqvist shows off her huge bump as she gets ready to have Owen Wilson's child New baby for the new year! Pregnant Caroline Lindqvist looks ready to pop as she prepares to have Owen Wilson's child Seen power walking * A wonderfully glamorous Hollywood-style look, this gown's long, slinky skirt will glide over a pear shape's larger hips (far left) For pear shapes to boyish figures... the figure fixing New Year frocks We've got the fashion answer for every physique * Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Snow bunny twinsies! Gwen Stefani and her sons' nanny wear matching ski outfits as they hit the slopes Spending New Year in Mammoth, California * No Hole here! Courtney Love goes Wintery white and bare faced to see The Wolf of Wall Street in Hollywood Just one last smoke! Make-up free Courtney Love covers up in a chic white ensemble to go to the movies... but looks dishevelled lighting up ahead of show * All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to $3.85 million All I Wanna Do... Is Sell This House! Sheryl Crow relists her Tennessee ranch for the second time and this time slashes price to £2.35million * Designer doubles: Miranda Kerr and son Flynn don matching fur-trimmed coats during a rainy city stroll Designer doubles: Miranda Kerr and son don matching fur- trimmed coats during a rainy city stroll Passing on her fashion sense to Flynn * Jasmin Walia That's a bit cheek-y! TOWIE star Jasmin Walia posts sexy bikini shot to Instagram as she dreams of a return to Las Vegas Pictured in orange bikini * Ms Hawes, 37, announced on Twitter that she was to step down from her role as Chrissie Packer but gave no explanation as to why Spooks star Keeley Hawes 'forced out of West End show after clash with Sheila Hancock' Well, it is called Barking In Essex * Keira Knightley 'I felt like I was standing in the school playground': Keira Knightley says invasive social media mentality made deactivate Twitter account... after 12 hours * She must have been very nice! Jason Derulo gives girlfriend Jordin Sparks a BMW for Christmas She must have been a very good girl! Jason Derulo gives girlfriend Jordin Sparks a brand new BMW for Christmas Adorned with two bright bows * Steady rain: Gisele Bundchen shared a photo on Sunday showing husband Tom Brady playing under a heavy downpour at Gillette Stadium in Foxboro, Massachusetts Rain, hail or shine, she's there! Gisele Bundchen braves weather to cheer on husband Tom Brady and his Patriots despite the downpour * Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Who's that girl? Anne Hathaway plays hide and seek under a giant hat as she heads out for her daily walking workout Not going to win any awards for best disguise * New curves: Ashlee Simpson displayed a fuller figure on Sunday (left) as she went shopping with her boyfriend Evan Ross in Los Angeles, California New year, new look: Ashlee Simpson reveals her curvier frame as she steps out with her beau Evan Ross Contrast with her look a year ago in Hawaii * Birthday boy: Chrissy Teigen celebrated her husband John Legend's birthday on Saturday by sharing a photo on Instagram of him as a baby Happy birthday, baby! Chrissy Teigen shares photo of husband John Legend as a smiling infant to celebrate his 35th Could be embarrassing * Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend Wolf whistles of Wall Street! Jonah Hill looks buff after gym session with girlfriend He is hardly renowned for his toned physique * She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean She rocks: Glee star Naya Rivera shows off her new diamond necklace - as well as that massive engagement ring - while out with fiancé Big Sean * Thanks longtime girlfriend: GMA host Robin Roberts, bottom left, came out as a lesbian in a heartfelt thank you letter to friends and loved ones posted to Facebook Sunday GMA host Robin Roberts outs herself as a lesbian in heartfelt thank you letter Thanked 'long time girlfriend' after recovering from cancer * Whistle while you walk! Michael C. Hall takes his dog for a stroll in hoodie and track pants in Los Angeles Dexter star Michael C. Hall whistles while he walks as he takes his dog for a stroll Made sure he got some exercise after the holiday season * Are the rumours true? Ashley Benson enjoys lunch date with man who appears to be her ex Ryan Good So the rumours are true then? Ashley Benson enjoys lunch date 'with her ex- boyfriend Ryan Good' Split in March after year-long romance * EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly this holiday season EXCLUSIVE: Take it from someone who knows how to party! Kris Jenner warns fans to drink responsibly Freely admits to enjoying a cocktail or two * 'Who's with me?' Kris Jenner shares her New Year's resolution to get fit and fabulous in cute new tweets ... and she might have some advice on keeping slim for 2014! Kris shows off the intense workout equipment she'll use to get in shape for the new year * 'Another day of skiing and whoopsie!' Chelsea Handler displays her leg in a cast and perfectly smooth behind in flirty tweet 'Another day of skiing and whoopsie!' Chelsea Handler shows off A LOT more than her new cast in flirty tweet It's not her first skiing mishap * Katie Price Katie Price reveals her dramatic weight loss in semi-nude snap after mystery illness puts her in hospital on a drip Posted a troubling image of her body * 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after three stone weight loss 'From mingin' to mint': Vicky Pattison shows off her toned body in revealing bikini shoot after losing three stone The 25-year-old shows off the fruits of her work * She's alive! Walking Dead's Laurie Holden takes a hike alongside a mystery man She's alive! Make-up free Walking Dead star Laurie Holden takes a leisurely hike alongside a mystery man Actress, 44, let her skin breathe * Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is Kylie Jenner OK? The 16-year-old Kardashian sister barely cracks a smile in her holiday Instagram snaps Is she trying to tell the world something? * Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Call me, Cinders! Carly Rae Jepsen is set to slip on a glass slipper and make her Broadway debut as Cinderella Title role in Rodgers & Hammerstein's classic * He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview He's not a Loser Kid: Matt Willis looks dapper in a camel coat and trilby after BBC Radio 1 interview Currently filming scenes in EastEnders * Perrie Edwards picks up some festive gifts for her and Zayn's cat and dog as she enjoys girly shopping trip Treating the Pets at Home? Perrie Edwards sports chic cream coat as she picks up some gifts at pet store during girly shopping trip with her mother and friends * Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Saturday night live! Jason Sudeikis charms locals with off-key rendition of Billy Joel hit on night out in hometown Kansas City Hammed it up * Stephen Amell shows off his abs in beachside family snap with bikini-clad wife Cassandra Jean and daughter Mavi in Hawaii Arrow star Stephen Amell shows off his abs in beachside family snap with bikini- clad wife Cassandra Jean and daughter Mavi Holidaying in Hawaii * Guidices Real Housewives' Teresa and Joe Guidice promote their Fabellini sparkling wine as court case looms Fighting claims of financial fraud * Lydia Bright The Only Way Is Malaysia: Former TOWIE star Lydia Bright is relishing her time away from Essex as she holidays with her sister Showed off on Instagram * 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach 'Nothing but smiles!': Cara Delevingne parties with her BFF Rihanna in Barbados... after a long day of showing off their bikini bodies on the beach * Love And Hip Hop star Chrissy Lampkin was arrested early on Sunday morning for allegedly beating a woman at a New Jersey bar. Her 37-year-old rapper fiance Jim Jones posted bail for her release. Love And Hip Hop star Chrissy Lampkin 'assaults woman at New Jersey Bar and is released from jail after fiance Jim Jones posts her bail' * Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Cooling off? Normally affectionate Joe Jonas slows down his PDAs with girlfriend Blanda Eggenschwiler Kept hands to himself strolling in Venice Beach * Christian Bale was no doubt having difficulty shaking his latest onscreen incarnation as the Hebrew prophet Moses. The notorious method actor - who has made a name for himself with his willingness to physically suffer for his art - is fresh from filming biblical epic Exodus overseas. He's keeping the beard! Christian Bale stays in character as he sports Moses's facial hair while running errands in Los Angeles Gives him gravitas * french 'If you are overweight, you will not get that job': Parisian women spill the beans on the dangers of being fat, female and French Seen as 'out-of-control' * Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman You couldn't wear those in the Newsroom! Olivia Munn wows in leather hotpants and floral cardigan as she parties with boyfriend Joel Kinnaman * Luisa Zissman Shaping up! Luisa Zissman shows off her Iincredible bikini body... after losing more than a stone in weight Apprentice runner-up in great shape in Dubai * 'They're barely speaking': Westlife boys no longer talking after financial differences divide the group Westlife boys no longer talking after financial differences divide the group Did Kian's £100,000 I'm A Celeb jackpot upset band mate Nicky? * He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder He needs all the help he can get! Bruce Willis, 58, who is expecting his fifth child next year, is seen holding a box of energy powder Needs an EBOOST! * 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the Bieber family... his American Bulldog puppy 'Meet Karma Bieber!' Justin Bieber enlists fans to help name the latest addition to the family... his American Bulldog puppy Dad tweeted plea * Jasmyn Banks She's gone up west! Jasmyn Banks leaves EastEnders bosses 'in a spin' after quitting Albert Square for Hollywood Actress, who plays Alice Branning, is moving on * Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Lizzie Cundy, 45, shows off her svelte physique in fringed cutaway swimsuit on Barbados vacation Defied her age in a daring swimsuit * Here comes the blushing bride! Kaley Cuoco covers up with sunglasses and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials Here comes the blushing bride! Kaley Cuoco covers up in shades and baseball cap as she gets last minute mani-pedi ahead of NYE nuptials * I know this is not what you want to hear. But if your man has summoned the nerve to tell you how he honestly feels, you'd be ill-advised to ignore that message or to tell him he's wrong How can he end it when there's such incredible electricity between us? ROWAN PELLING'S sex column * The eponymous Miss Marple played by Julia McKenzie (left) with Wendy Craig as Marjorie Philpot Veneer of fake Marple couldn't save this jerry-built mystery: CHRISTOPHER STEVENS reviews the weekend TV Agatha Christie's Marple (ITV) * Where's the glamour gone? Style queen Mandy Moore is almost unrecognizable as she leaves her sexy duds at home for grocery run Where's the glamour gone? Style queen Mandy Moore is almost unrecognisable as she leaves her sexy duds at home for the grocery run at Whole Foods * Model dad! Tom Brady cuts a stylish figure in furry jacket and sweater as he bonds with son Benjamin at the park in chilly Boston Model dad! Tom Brady cuts a stylish figure in furry jacket and cosy sweater as he bonds with son Benjamin in chilly Boston Seen at the park * 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand 'I tried': Bikini-clad Chrissy Teigen shows her true feelings for Fifty Shades Of Grey as she buries book in the sand It's obvious that she's not a fan * Chantelle Houghton She's an Essex grrrrrl: Chantelle Houghton shows off an edgy new look as she steps out with adorable daughter She's been working hard to slim down * Rupert Grint Harry Potter star Rupert Grint suffers a £48,000 loss on his boutique guesthouse He owns Rigby's Guesthouse, in his hometown of Hertford * It beats Central Perk! Courteney Cox joins old Friend Jennifer Aniston on star-studded beach holiday in Cabo San Lucas I'll be bare for you! Old Friends Courteney Cox and Jennifer Aniston show off stunning bikini bodies as they holiday together They've stayed close * Today's headlines * Most Read * Long to Live How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? We got six brave... * Drunken: Late-night scenes such as this in Birmingham have spread across the country since licensing laws were relaxed TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since... * A survey has revealed that ten children are being kicked out of school every day for bringing weapons to school, with most coming from London (file picture) Ten children a day are kicked out of school for having weapons: Pupils and teachers attacked with pepper... * kirsty 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity... * Fighting talk: Deputy PM Nick Clegg warned voters off the Conservatives in his New Year's message Tories will ruin the recovery by flirting with EU exit, says Clegg: Deputy PM says party will put politics... * For sale: Some high street stores have started selling Easter treats already. Above, M&S in Putney yesterday Five days after Christmas, Easter eggs on sale! Waitrose, M&S, Asda and Sainsbury's already have treats on... * Bulgarians and Romanians were last night preparing to travel to Britain as restrictions on working here are lifted tomorrow Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * Britain could pull out of the European Court of Human Rights because it has lost its legitimacy, Chris Grayling announced yesterday We will rein in Strasbourg's human rights judges, pledges Tory minister: Grayling says Britain could pull... * Current and former NASA astronauts have expressed their disapproval over one of Beyonce's new songs - which samples audio from the Challenger crash 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger... * A ferry crosses the Solent near Southsea sea front in Hampshire. Energy firms reaped huge profits from their wind farms during the recent storms while families suffered Christmas blackouts Energy firms cash in on storms by leaving wind turbines idle as some power companies boost takings by a... * Sugarfruit: 'Superfruit' cranberry is often coated in sugar to be made palatable and it is also added to cranberry juice Why those 'superfruits' may just be a costly rip-off... and you'd do just as well eating a humble potato! * Apprentice star Karren Brady (pictured) has been handed a CBE just two months after appearing at the Tory Party conference and Alan Parker, who has holidayed with the PM, was handed a knighthood The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to... * Former Deputy Governor of the Bank of England Paul Tucker was rewarded in the honours list Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour * Penelope Keith led a cast of female stars in the new year's honours list yesterday, as women outnumbered men for the first time Women beat the men for the first time: Females in the new year's honours list outnumber men * Honoured: Royal gynaecologist Doctor Marcus Setchell, pictured with his twin grandsons Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Julie Bailey exposed horrific neglect at an NHS hospital and has been honoured with a CBE CBE for Mid-Staffs whistleblower: Campaigner who exposed horrific neglect at NHS hospital is honoured in new... * Michael Schumacher was injured skiing off-piste in the Trois Vallees area Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have... * (File picture) A London Ambulance outside Whittington Hospital Accident and Emergency department 80 patients a day forced to wait an hour or more outside A&E: Number of patients waiting in ambulances for... * A study has revealed that the bad type of cholesterol - which causes heart disease - is related to the amyloid peptide protein (pictured) in the brain, which is present in Alzheimer's 'Bad' cholesterol that causes heart attacks now linked to Alzheimer's: Clumps stick to brain cells affecting... * Real or fake?: This is the M&S Indian 'fake-away', with chicken tikka curry, which contains just 400 calories Savour the New Year diet... try a fakeaway: M&S unveils Indian and Chinese range containing just 400... * Fight temptation: The brain tries to make you slip back into old habits How to silence the little voice in your head that says: 'You deserve a treat' * Lisa Bowden Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone... * Inhumane: A criminal is beaten before being beheaded in Jeddah, Saudi Arabia - a country which has faced fierce international criticism over its human rights record. (File photo) Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her... * Pavel Pechyonkin, who investigators believe carried out the suicide bombing in Volograd Was the Volgograd train station suicide bomber a Russian paramedic who converted to Islam and joined... * Buying the the buff: 11per cent of online shoppers have revealed that they like to surf the web while completely naked - another 15per cent said they also enjoy indulging in alcohol Buying in the buff! How 11% of online shoppers are naked while snapping up goods * Move: The Duke and Duchess of Cambridge will live apart while William learns about UK agriculture Prince William goes back to college: Duke leaves Kate and George in London and moves to Cambridge to study... * The Calderdale council campaign has outraged anti-rape activists who feel it places blame with victims who 'put themselves at risk' Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * Jilly Johnson Day the camera loved us: Five women tell the poignant and surprising stories behind their favourite photos * Bad care: Gilly Sergeant, 86, (pictured with husband Patrick) experienced sub-standard service at a private hospital in London I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an... * Ruling: Crown Prince Salman has said that no one is immune from Sharia law Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich... * Trapped: 1,132 Britons had to be rescued from the toilet this year Three Britons a day trapped in the loo: Fire brigade called to more than 1,100 incidents during 2013 * Daisy Ayliffe, 32 and her Partner Ben Wicks, 32 with their cat Zaza, from South London The cat burglar strikes again: Feline steals 17 cuddly toys from neighbours' homes and gardens before... * Adam Pickup was with friends in Manchester city centre before he left Fab Cafe in Portland Street at around 3.20am Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night... * Macabre: The student had sex with a prostitute he'd murdered to fulfill a fantasy, police heard Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and... * Dr Mark Porter has said NHS finances are in 'dire' shape, with the service struggling 'just to keep pace' If NHS was a country it would barely have a credit rating: Damning verdict by BMA chief * A vegetarian who has never eaten meat before in her life has been left outraged after she ate most of a chicken sandwich served to her by mistake at a restaurant 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after... * This image, taken by passenger Andrew Peacock, shows the ship MV Akademik Shokalskiy still stuck in the ice off East Antarctica, as it waits to be rescued Global warming scientists forced to admit defeat... because of too much ice: Stranded Antarctic ship's crew... * Kilmartin castle, Scotland For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * Agony: Dr Paul Debenham suffers from an enzyme deficiency that can't metabolise the painkiller codeine to break it down into morphine Why codeine painkillers don't work for millions - and may even harm your health * When people are angry, they are more aware of their head and arms. This could be because they are subconsciously squaring up for a fight Being angry really DOES make us hot headed, while sadness leaves our limbs feeling weak * Growing: Facebook is still the dominant social networking site. It grew to include 71 per cent of all online adults this year, compared to 67 per cent last year Women use Pinterest, the rich prefer LinkedIn and young people are obsessed with Instagram... but we all... * Ten-year-old Will Doran has earned all cub scout badges Now that's doing your best! Cub Scout, 10, earns ALL the badges (but he had to get help from Mum to sew them... * An employee at a Chicago supermarket which was closing down mocked up a sci-fi movie trailer about the store's closure - only to be suspended by Safeway bosses Aisle be back! Safeway employee pokes fun at management greed with explosive sci-fi movie parody about store... * Journey: Suki, pictured, was found on Christmas day with her G-Paws tracker hinting at a magical ride The cat who hitched a ride with Santa: Owner claims her pet was whisked around town delivering presents... * Taking it easier: The Queen made 341 official engagements this year - 85 fewer than in 2012 Queen cuts her workload... just a little: Monarch reduced duties by a fifth in 2013 * To many he's a national treasure. But Alan Bennett's attack on Lady T is a part of a sneering, subversive attitude in much of his work A false icon - and a real one: The crabby, petulant Alan Bennett and the great colossus of our age, Margaret... * The best predictor of whether an elderly man exercises is whether he played sport at school - those who exercise in their teens are more likely to be active in old age The secret to a healthy and active old age? Play sport at school: People who exercise as teens visit their... * Relaxed: New research has found that people who eat slowly and chew their food thoroughly, such as Gwyneth Paltrow, consume less calories Eating slowly DOES help you lose weight: People who chew their food properly and sip water consume nearly... * Dissatisfaction: Net public approval ratings for Mr Farage have collapsed during 2013 Have voters fallen out of love with Nigel Farage? Collapse in ratings for UKIP leader who is seen as 'more... * Stevie Wonder, pictured, is also a famous musician said to be able to recognise pitch perfectly Bad singer? There's a DRUG for that: Brain-altering compound could help cure tone deafness * MORE HEADLINES * Is this where Michael Schumacher suffered life-threatening ski injury? Spot where F1 ace is believed to have fallen while off-piste is revealed * 'I feel like it is not my body anymore': Furious vegetarian eats meat for the first time in her life - after Nando's served her chicken by mistake * Family 'heartbroken' after body is found in hunt for missing teenager Adam Pickup who vanished after night out with friends * Gypsy mother demands new council house because her beliefs 'do not allow her to live in a home where someone has died' * Sold out! Flights and buses full as Romanians and Bulgarians head for the UK * TRUE toll of 24-hour drinking: Number of town centres blighted by alcohol has soared 150 per cent since Labour relaxed the licensing laws * 'What happened to Blitz spirit?': Kirstie Allsopp says storm victims who spent Christmas without electricity were 'spoilt' for getting compensation * For sale: A three-bedroom Scottish castle and a West London parking space. Guess which costs the most * The 'cronies' honours list: Controversy over knighthood for PR man who holidayed with Cameron and awards to Tory and LibDem donors * 130ft-deep SINK-HOLE opens up in sodden Derbyshire fields as forecasters warn wild, wild weather will continue for a MONTH * Women beat the men for the first time: Females in the new year's honours list outnumber men * Jeremy Kyle show paedophile ‘could have been caught five years ago for having sex with a 15-year-old but it was ignored by police’ * Saudi court sentences husband to 20 lashes for accusing his new wife of not being a virgin in front of her father * Queen gives thanks to the doctor who delayed his retirement to oversee the royal birth of Prince George * Fury over rape poster that portrays victims as 'reckless drunks' who 'put themselves at risk' * 'Inappropriate in the extreme': Astronauts fury as Beyonce samples audio from the tragic 1986 Challenger space shuttle crash in new music video * Saudi prince facing execution for murder after senior royalty insisted 'there is no difference between rich and poor' * Student facing death sentence in China for hanging two prostitutes, shipping their bodies to his home and having sex with the corpses * This year's top 10 most outrageous benefits cheats: The drag queen, wicket keeper, darts captain and dog trainer who all said they were too ill to work * Robin Roberts' romantic getaway: GMA star will see in 2014 with girlfriend Amber Laign on the stunning Turks and Caicos Islands * Pictured: Young mother who died in a fireball after running from her home engulfed in flames before dying next to a level crossing * The Waitrose coffee revolt: Regular customers complain that free drink offer 'attracts too many chavs' * MOST READ IN DETAIL EDITOR'S SIX OF THE BEST * Sorry but migrants will STILL abuse the NHS, writes PROFESSOR J MEIRION THOMAS, consultant surgeon * A false icon... and a real one: How Alan Bennett showed his sneering, subversive attitude in his attack on the great colossus of our age, Lady Thatcher, by JAMES DELINGPOLE and MELISSA KITE * I had to rescue my mum from a PRIVATE hospital as the nurses were so callous: Think woeful care is just an NHS problem? HARRIET SERGEANT'S bitter experience proves otherwise * RICHARD KAY: Peter Sissons blasts TV bosses for Alan Whicker snub * How long do YOU have left to live? Wonder how your lifestyle affects when you'll die? GOOD HEALTH found six brave volunteers to find out... * You can silence the little voice in your head that says 'You deserve a treat'... PAUL MCKENNA'S tricks to beat comfort eating MailOnline iPad app Love MailOnline? Now you can keep up with the latest news with the MailOnline Bing Toolbar for Internet Explorer. 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