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Links Dec 11
Trial Delayed as Ex-Banker Charged in Swiss Secrecy Case Collapses The Wall Street Journal Moneybeat See also Ex-HSBC Employee Falciani Said Indicted on Data Theft Bloomberg, and earlier blog Tax haven whistleblowers: where are the human rights organisations? UK territories unite against public company registry Compass Cayman This, despite: UK Overseas Territories 2014 Joint Ministerial Council communiqué “We commit to
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Former Swiss Banker Collapses During WikiLeaks Data Trial Bloomberg “Elmer, 59, is accused of violating the country’s financial secrecy laws in a campaign to raise awareness of the use of Swiss bank accounts for illegal activity including tax evasion”, and recent blog Show trial of Swiss whistleblower Elmer now in 9th year. See also Elmer trial highlights whistleblowing dilemma Swissinfo, which tries to be
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Preventing tax evasion and fraud: the scope for automatic exchange of information is extended: Council of the European Union Directive on Administrative Cooperation has been approved by the EU Council. For background see here. Australia: Tax advocates rally behind disclosure rules The Age See also: Australian Treasurer Joe Hockey confirms Tax Office crackdown on multinational tax ‘robbers’ The Age Eurodad response
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Corporate tax cuts don’t work Chatham House, The Royal Institute of International Affairs ICIJ calls for immediate release of arrested Azeri reporter Khadija Ismayilova #FreeKhadija See also: Prominent Azerbaijani Journalist Sent To Two-Month Pretrial Detention Radio Free Europe, and recent Interview with Ms Khadija Ismayilova, Council of Europe Luxembourg Braces for New Wave of Tax-Deal Revelations Bloomberg Luxembourg’s secret tax
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EU parliament studies tax avoidance in member states Luxemburger Wort See also: Pro-Juncker coalition blocks committee of inquiry on Luxleaks EurActiv, and Juncker’s Sound of Silence Project Syndicate Malta should brace itself for tax haven clampdown Malta Today India must show valid proof for tax fraud probe: Swiss Envoy Economic Times Therefore, India is supposed to come up with evidence
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New Asia-Pacific taxation taskforce announced Accountants Daily Mauritius Overtakes Singapore as India’s Top Source of FDI India Briefing Putin Suggests Total Amnesty for Offshore Capital Returning to Russia Sputnik International EU Slows Macedonia Plan for Tax Haven Balkan Insight See also recent blog Macedonia plans to set up tax haven TweetShare
Links Dec 3
India has Less Than 1% Info on Black Money, Lots More I Can Offer, Whistle-blower Herve Falciani to NDTV Nigerian Governor Akpabio Named In Shady Possession Of St-Kitts And Nevis Passport Sahara Reporters Several high profile African figures are “economic citizens” of tax havens Africa’s Missing Trillions: A lone Effort At Stemming Capital Flight Ventures UK: How the HMRC helped
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Open letter to the Heads of State and Ministers of Finance of the East African Community: Redouble efforts to end illicit financial flows and harmful tax incentives in the East African Community East Africa Tax & Governance Network (EATGN) Breaking bad habits: time for @amazonuk to face up to its issues amazon anonymous See also: Amazon Christmas boycott campaign gathers
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United Nations starts pounding pavement on the road to Addis Ababa Eurodad Today UK oil and mining transparency becomes reality. U.S. take note. Global Witness See also: U.K. Resources Companies Ordered to Disclose Government Payments Bloomberg The tax wars of Europe The Hindu Business Line For background and information on tax wars, see here. EU’s Juncker survives no-confidence vote over
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Leadership needed on tax fairness in Australia The Sydney Morning Herald Multinational tax cases headed for court, Australian Tax Office says Financial Review Microsoft to pay China $140 million for ‘tax evasion’ Reuters Calls for reform and a resignation over LuxLeaks ICIJ TweetShare
Links Nov 25
China’s offshore empires go from help to headache Reuters “When is a Chinese company not Chinese? When it’s a complex web of offshore vehicles rooted in anonymous tax havens.” Secret hoards in tax havens Kashmir Times “Goal of limiting tax havens by G20 leaders s unlikely to shed light on black money from India and trust funds invested in India
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Doubt cast on Modi’s quest to find India’s black money overseas Financial Times (paywall) ” … now he is in power Mr Modi is discovering that unearthing illicit funds stashed in Switzerland, Liechtenstein or other tax havens will be a long, tough slog that is unlikely to yield windfall gains.” Swedish icon Ikea is really a Dutch ‘charity’ Al Jazeera
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FATCA: Are Transnational Criminal Networks Influencing US Policy? Huffington Post Mauritius Emerges As Biggest Investor In India InSerbia News Anti-corruption bar set higher, but Australia still has more to do The Conversation Taxing mines is a daunting task Zambia Daily Mail TweetShare
Links Nov 20
Seychelles Chamber of Commerce and Industry pushes for Seychelles to become China’s African trade hub Seychelles New Agency “… the Chinese side could benefit from the various tax incentives which exist here”. See earlier blog How Seychelles became a paradise for dirty money and corruption TweetShare
Links Nov 19
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
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