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Obama calls for crackdown on overseas tax havens

May. 4, 2009
President Barack Obama is proposing to close tax loopholes for companies and individuals with operations or bank accounts overseas.
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Obama seeks to close tax loopholes, havens

Obama seeks to close tax loopholes, havens

WASHINGTON, May 4 (UPI) -- Closing business tax loopholes and cracking down on the use of tax havens are two international tax code changes U.S. President Barack Obama sought Monday.
Sarkozy's effort against tax havens rocked

Sarkozy's effort against tax havens rocked

PARIS, April 3 (UPI) -- French President Nicolas Sarkozy's work to regulate tax havens has been rocked by reports he helped clients open accounts in Switzerland, one such haven.

Sarkozy threatens to drop princely title

PARIS, March 27 (UPI) -- French President Nicolas Sarkozy is prepared to renounce his princely title in the country of Andorra if banking changes do not take place, an official says.
Obama repeats tax-cut pledge

Obama repeats tax-cut pledge

CHICAGO, Nov. 24 (UPI) -- U.S. President-elect Barack Obama said Monday making the tax code fairer is a cornerstone of his economic recovery plan.

Germany calls Switzerland a tax haven

PARIS, Oct. 22 (UPI) -- Germany has urged the Organization for Economic Co-operation and Development to list Switzerland, one of its members, as a tax haven.

European Union to close tax havens

BRUSSELS, May 16 (UPI) -- Finance ministers from the European Union have agreed to rewrite rules on savings tax in an effort to curtail tax havens, EU's tax commissioner said Friday.

Obama proposes tax code overhaul

WASHINGTON, Sept. 19 (UPI) -- U.S. Sen. Barack Obama, D-Ill., a Democratic Party presidential contender, said his tax plan would take pressure off the low and middle classes.

Bankers yawn at EU tax enforcement plan

GENEVA, Switzerland, May 25 (UPI) -- Bankers are dismissing as insignificant the effect of a European Union directive designed to uncover and tax interest on Europeans' offshore savings.

Oregon to plug tax breaks, loopholes

SALEM, Ore., May 23 (UPI) -- Oregon lawmakers were examining the tax code Friday in search of loopholes and tax breaks that could be eliminated and bolster the cash-strapped treasury. Large personal deductions and some business breaks are being targeted as an alternative to another t

Seven on OECD's tax blacklist

PARIS, April 18 (UPI) --
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler