International community continues making progress on tax transparency OECD
Global Forum on Transparency and Exchange of Information for Tax Purposes issues 12 new reports. See here for background and resources on Information Exchange
Bahamas claims FATCA exemption for foundations STEP
“The recent negotiating trip to Washington resulted in a ‘sponsored exemption’ for foundations, as well as a previously granted exemption for trusts with a professional trustee”
UK Company ownership register will name ‘controlling’ trust beneficiaries STEP
See also recent blog On Britain’s new honesty box for corporate fraudsters
Russian Billions Scattered Abroad Show Trail to Putin Circle Bloomberg
‘India, Switzerland studying ways to share info on black money’ The Hindu
Luxembourg Challenges EC Over Tax Information Injunctions Tax-News
UK ‘a tax haven for multinationals’ BBC
See also recent blog: Fiat moves tax domicile to tax haven UK – but will it create jobs?
Google’s Latest, And Possibly Very Expensive, Argument With The French Taxman Forbes
Pfizer must be questioned about its tax affairs if the $100bn takeover bid for AstraZeneca goes ahead This Is Money
See also: U.S. Treasury Seen Loser in Tax-Avoiding Pfizer Deal Bloomberg
Amazon UK boss defends tax arrangements: How can following the law be unfair? The Guardian
India may sign transfer pricing pacts with Japan, UK Live Mint
Ireland a favourite tax bolthole as firms continue to leave US Independent
Britain’s Fraud agency opens investigation into Ukraine money laundering Reuters
See also: The March 2014 Taxcast: Russia, Ukraine, Londongrad
Australia and U.S. sign agreement to counter tax avoidance Reuters
Former China Resources chief Song Lin linked to two tax haven companies South China Morning Post
Too Big to Jail Newsweek
David Cay Johnston on Bill Black.
Leave a Reply