Links Feb 6

Global version of FATCA could be a reality in a few years, say industry officials Thomson Reuters / Compliance Complete
See also: No more delays for FATCA, says IRS STEP

Greek-Swiss tax deal remains elusive Reuters
Is Switzerland retreating on Rubik?

Discussion Draft on transfer pricing documentation and country-by-country reporting released for public comment OECD

Estimating Illicit Flows of Capital via Trade Mispricing: A Forensic Analysis of Data on Switzerland – Working Paper 350 Center for Global Development

See also: KPMG brochure on commodity trading mostly about tax Financial Secrecy Media Monitor

Country-by-country reporting requirements for corporations – a contribution to strengthening public finances in countries in the Global South Global Policy Forum, MISEREOR and Brot für die Welt
A slightly updated English Summary of a working paper published in German last year on country-by-country reporting requirements for transnational corporations.

Guernsey Royal Court decision places trustees at risk STEP
BVI companies claim GBP181 million from a Jersey trust administered in Guernsey, linked to property tycoon Robert Tchenguiz, who is connected with the failed Icelandic Kaupthing Bank.

South Korea: UBS probed for tax evasion The Korea Times

Canada: Close Unfair Tax Loopholes in Federal Budget Canadians for Tax Fairness

U.S., Canada forge deal in global anti-tax dodger push Reuters

Canada: Whistleblowing For Money: CRA’s New Offshore Tax Informant Program mondaq

Tax treaty uncertainty with India impacts Mauritius financial firms The Economic Times

India: Decision to blacklist Cyprus for not providing tax data will hit developers and realty funds The Economic Times

India: High court sends Vodafone and I-T department to tax tribunal livemint

Luxembourg Is Not A Tax Haven, Foreign Minister Asselborn Insists Tax-News
Note the familiar theme, and check Luxembourg’s record on the 2013 Financial Secrecy Index.

European Parliament Urged To Ban ‘Anonymous Shell Companies’ Tax-News

LLC information disclosure focus of bill Delaware Online
Delaware press reports on transparency of beneficial ownership issues

Ghana: Civil society group criticizes suspension of windfall tax Ghanaweb

Microsoft’s Bermuda Subsidiaries Subject To Tax Inquiry, Documents Show Huffington Post

Cayman Islands accountholders must disclose financial affairs “within 30 days”, says HMRC Out-Law

Bermuda would assist Chinese requests for information under joint TIEA — Finance Minister The Royal Gazette

Corporate Tax 2014: Obama running with the hare and hunting with the hounds Finfacts Ireland

Where are Google’s missing millions? iol

Wealthy Nations Preserve Bribery Loophole ICIJ

Europe must ‘walk the walk’ on corruption – Mo Ibrahim Thomson Reuters