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Links Jun 16
Why unfair tax treaties hold back developing countries The Guardian Mossack Fonseca worker arrested in Switzerland The Guardian “Employee is held on suspicion of ‘extracting confidential information’ from law firm at centre of Panama Papers”. See also: Geneva Opens Criminal Probe After Mossack Fonseca Complaint Bloomberg Swiss cantons accept compromise on “stolen” bank account data STEP Mossack Fonseca to close
Read the full article…Links Jun 14
Experts rule out ‘end’ of fiscal secrecy Buenos Aires Herald Indonesia: Measuring Tax Amnesty Kompas See also recent blog Indonesia’s corrupt tax amnesty – how many will follow? The Panama Papers – Zimbabwe Must Not Waste This Opportunity allAfrica / New Zimbabwe Why Microsoft, With $100 Billion, Wants a Loan for LinkedIn Bloomberg “helps tech giant avoid 35% tax to
Read the full article…Links Jun 13
The myth of the offshore ANCIR “African tax havens are frequently used as cogs in the wheels of corporate, criminal and political activities that desire legal and financial veils” Australian Taxation Officer recruits executives for new ‘tax avoidance taskforce’ hunting tax cheats, multinationals The Sydney Morning Herald Includes a video of “the cutest guide to tax avoidance” New tax rules
Read the full article…Links Jun 10
EU launches official one-year inquiry into Panama Papers scandal euronews Swiss Private Bankers demand tax breaks on criminal fines imposed for tax evasion offences swissinfo Illicit Financial Flows out of Africa (IFFoA) Database TrustAfrica See also: Corruption Stalls Zimbabwe’s Economic Agenda Hungary: Caribbean Bank Owned by Businessman, Panama Papers show OCCRP Panama Papers Link Cambodians to Offshore Firms Voice of
Read the full article…Links May 23
Tax Justice Netherlands letter to The Dutch EU presidency: 5 Days Left to End Tax Avoidance On Wednesday 25 May, EU Ministers of Finance (ECOFIN) will meet to reach agreement on the EU Anti-Tax Avoidance Directive EU aims to rule on Amazon’s Luxembourg tax deal by July Reuters See also: EU Lays Down the Law on Tax Deals as Apple
Read the full article…Links May 19
How morally fit is the West to lead a global campaign on corruption? The New Times Rwanda See also our earlier blog Anti-corruption summit: UK climbdown, but momentum grows, and Tax Justice Focus – The Corruption Issue How Panama Papers May Become a Boon for Cash-Strapped Argentina Bloomberg China Plans to Get Tough on Corporate Tax Evasion The Wall
Read the full article…Links May 18
It’s Up to Governments to Stop Enabling Corruption Bloomberg Editorial – Panama Papers: Money talks, but the pen is mightier than the sword The Malta Independent See also: Malta: Panama Papers – minister Mizzi and chief of staff Schembri chose Swiss bank’s Panama subsidiary for bank account Malta Today, Story also involves New Zealand trusts Beneficial ownership: Cayman Government says U.S.
Read the full article…Links May 16
ActionAid report on developing countries at risk from tax havens Global Alliance for Tax Justice Pakistan: Efforts being made to access $200 billion stashed in Swiss banks: Federal Law Minister Daily Pakistan Pakistan: Parliament session begins, PM to answer questions regarding Panama Leaks The International News PanamaPapers / BVI : Exceptional diamond deal suggests flaws in De Beers, Botswana relationship
Read the full article…Links May 13
The world’s hidden wealth Prospect Magazine By TJN’s @alexcobham and @nickshaxson To end corruption, start with the US and UK. They allow it in broad daylight The Guardian See also our earlier blog Anti-corruption summit: UK climbdown, but momentum grows, and Tax Justice Focus – The Corruption Issue Regulators tipped off about Swiss bank years before “massive” tax fraud
Read the full article…Links May 11
India to tax Mauritius investments for first time since 1983 Reuters See also: Mauritius investors to be taxed from April 2017 Business Standard LuxLeaks prosecutors seek jail term of 18 months for whistleblowers The Guardian See our recent blog Will Antoine Deltour become a prisoner of conscience?, and follow events at https://support-antoine.org/en/blog/ Panama Papers: why we’re looking at global corruption the
Read the full article…Links May 10
Corruption can no longer be dismissed as a developing world problem The Guardian See also: Tax Justice Focus – The Corruption Issue UK overseas territories resist calls for concessions to end tax secrecy The Guardian A design flaw in Obama’s new Panama Papers rule could help shell companies dodge cops and taxes Quartz See also: Critics Find Flaws in U.S.
Read the full article…Links May 9
ICIJ releases database revealing thousands of secret offshore companies Searchable database displays more than 300,000 entities from the Panama Papers and Offshore Leaks investigations Panama Papers source breaks silence over ‘scale of injustices’ The Guardian “Whistleblower says leak of 11.5m Mossack Fonseca files on offshore tax havens has triggered debate but not enough action”. See also our earlier blog Panama
Read the full article…Links May 6
Nigeria calls on UK anti-corruption summit to back registers of ownership The Guardian A month after Panama Papers, South Africa commits to end anonymous companies Financial Transparency Coalition, TJN-Africa, & the Economic Justice Network LuxLeaks trial Deltour ‘proud’ to have advanced the debate Luxemburger Wort See also, daily updates on the trial of Antoine Deltour and Eduardo Perrin at https://support-antoine.org/en/blog/
Read the full article…Links May 5
UN urges countries to stem tide of firms profit-shifting to tax havens The Guardian See also: Companies put $221 billion into low-tax jurisdictions in 2015: U.N. Reuters European Central Bank has not sought access to Panama Papers Reuters France’s trust ownership registry to be opened to the public STEP Doing SFA For Fair Play: A Report Into The Rangers Tax
Read the full article…Links May 3
India’s Experience with Exchange of Information Agreements CBGA Missing Tax: Real Consequences – Public Services International May Day Statement Global Alliance for Tax Justice Tax & Human Rights advocacy tool (second in series) Global Alliance for Tax Justice How Nigeria’s lucrative oil profits disappear ANCIR TweetShare
