Tax Havens: AP Video Video

Video Dept: Video: Is a tax professional worth your while? AP Video Video, according to Globe and Mail. From there the idea of luring companies and rich individuals with the promise of low taxes, light regulation and secrecy blossomed and tax havens are now estimated to hide up to $1-trillion annually from tax officials around the world. Countries as diverse as Ireland, Singapore and Dubai offer some form of incentive to attract foreign investors eager to find somewhere to put their cash. Using a tax haven isnt necessarily illegal, and many multinational corporations have been shifting profits around the world legally for years in a bid to pay lower taxes. But cash-strapped governments are becoming increasingly put off by citizens who use havens to avoid paying taxes and many countries are now cracking down and Video: Cyprus investors hunt for new haven Tax time Photos.com Money Monitor Video: Obama budget targets tax loopholes, Republicans push back (www.immigrantscanada.com). As reported in the news.