Swiss parliament relaxes terms for tax data exchange swissinfo
“Parliament has approved a legal amendment that tax evaders will not always have to be told if Switzerland sends information about them to other countries.” But to what extent is this just lip-service? How do trusts, foundations and shell company structures factor in? See also: Credit Suisse U.S. Clients in Limbo as Probe Inches Ahead Bloomberg, and very insightful commentary in The ongoing ethics struggle of banks Reuters
EU To Freeze Corrupt Assets From Ukraine Transparency International
The ever-present question: how did the assets from a corrupt source come to be accepted in the first place? For coming right to the point on the efficacy of the so-called freezing actions, read a private banker’s explanation in Freezing Russian Assets. What Happens If? A Banker’s Umbrella, see also: London’s lucrative Russia ties hang over sanctions debate Reuters
Ukraine: Avakov says Kurchenko’s fraudulent business activity, tax evasion cost state $1 billion Kyiv Post
As Europe Tightens Oversight, Spotlight Must Remain Financial Transparency Coalition Blog
U.S. Freezes More Than $458 Million Stolen by Former Nigerian Dictator in Largest Kleptocracy Forfeiture Action Ever Brought in the U.S. The United States Department of Justice
French-Swiss tax impasse shows little progress swissinfo
BNP Paribas opens Asia-Pacific Training & Development Campus in Singapore The Asset
The Singapore government is supporting the restoration of BNP Paribas campus buildings.
Luxembourg’s importance for the European Commission waning? Financial Secrecy Media Monitor
Seychelles’s New FSA To Regulate Offshore Financial Sector Tax-News
Tax Evasion Threatens Africa’s Socio-Economic Transformation: UN Expert Coastweek
NGO slams secrecy over Zambian mine’s tax iol
See also: Mines evading tax, ZRA boss tells international forum Zambia Daily Mail
Kenya: Proper tax laws could bridge gap between rich and poor The People
Denmark – A Tax Haven? Director of Finance Online.
” limited partnerships are tax-exempt and may provide anonymity and discretion to its owners.” Written by a cheerleader. Denmark is ranked at 66th position on TJN’s Financial Secrecy Index
Serbia To Tackle Tax Cheats To Broaden Tax Base Tax-News
Links from the TJN Germany Blog
Hong Kong and Macao ‘vulnerable to money laundering’ STEP
Hong Kong, NYC will be magnets for wealthy: report China Daily USA
U.S.: 37 Organizations Call on Senators to Oppose Legislation Providing Tax Amnesty for Offshore Corporate Profits Americans for Tax Fairness / FACT Coalition
Multinationals are changing tax policy in face of political scrutiny – survey Thomson Reuters
See also our recent blog Survey: the corporate tax debate is biting the corporations
No spoils for Moyles – but what does it mean? David Quentin’s tax & law blog
“This business about Chris Moyles serves as a useful reminder of an uncomfortable fact about “tax avoidance”, which is that some of it fails.”
The irony: Japan wants to tax Bitcoins just as the UK says it won’t Tax Research UK
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