Juncker should step back on tax avoidance issues Financial Times (paywall)
Juncker has refused to recuse himself formally from participating in the European commission’s final judgments on corporate tax cases. He should officially hand over all oversight for the probes to his deputy and step back from policy discussions on tax transparency, including in forums such as the G20.
See also: Jean-Claude Juncker faces censure vote over Luxembourg tax schemes The Guardian, and Luxleaks reveal something rotten is at the heart of Europe European Federation of Public Service Unions
G20 fails to agree on market transparency/illicit flows FTSE Global Markets
The death of international development Al Jazeera
“… poverty is not a natural condition. It is a state of plunder. It is delusional to believe that charity and aid are meaningful solutions to this kind of problem. Some people in the NGO community know this all too well, and they are calling for genuine political change: The democratisation of the World Bank and the IMF, fairer trade rules, and an end to tax evasion. …”
India: Transfer pricing – Shell got away scot free, taxmen must drag it back to court firstbiz
HSBC’s Swiss Private Bank Charged in Belgium Tax Fraud Inquiry Dealb%k
“The judge accused HSBC of promoting and encouraging wealthy individuals to create offshore companies, including companies in Panama and the Virgin Islands, for the sole purpose of hiding assets.”
US tax authority targets Israeli investment funds Globes
Taxing across Borders: Tracking Personal Wealth and Corporate Profits Gabriel Zucman, Journal of Economic Perspectives
See also: The costs of offshore tax avoidance, part 1 & part 2 Financial Times (paywall)
Another Swiss Banker Wants His Day in U.S. Court The Wall Street Journal
Philippines Discusses Tax Policy In ASEAN Context Tax-News
When Mega Corporations Get Mega Tax Breaks, We All Pay The Nation
Leave a Reply