Tax-dodging by the superrich is driving global inequality, Oxfam says Al Jazeera
New report singles out tax havens as main cause of global inequality, urges coordinated response to widespread practice, see also Richest 62 people as wealthy as half of world’s population, says Oxfam The Guardian, and our earlier blog New Oxfam report: An Economy For the 1% – and how to reform it
‘Big Four’ audit firms never examined over illegal tax plans The Independent
Cites TJN Senior Adviser Prem Sikka
EU’s Vestager Vows to Press Forward With Corporate Tax Probes Bloomberg
Zambia Revenue Authority promises to advocate fair, transparent tax system The Post
In U.S. Money-Laundering Case, Shades Of Russian Corruption Radio Free Europe / Radio Liberty
“… an audacious $230 million tax-fraud scheme, allegedly carried out with the complicity of Russian government officials, followed by the posthumous conviction of ? whistle-blowing tax auditor…”
Credit Suisse’s Monaco unit up for sale Reuters
“… a sign of the diminishing appeal for some banks of maintaining wealth management operations in Monaco.”
Compliance awakens Singapore Business Review
A tycoon’s misconduct The Korean Herald
A Picasso’s Economics Lesson The New York Times
“Art is often bought by offshore trusts, stored in tax havens, and passed through long chains of intermediaries…”
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