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Links Sep 29
Hong Kong: In battle against tax evasion, our reputation must come before politics South China Morning Post Editorial with very interesting viewpoint. Thomas Piketty recommends progressive taxation for South Korea The Hankyoreh South Koreans, firms invest nearly US$23 bln in tax havens Yonhap News Agency TweetShare
Links Sep 25
Mauritius, India in talks to address tax treaty concerns: FSC The Economic Times Mauritius is apparently aiming to dispel ‘misperceptions’ that it is a tax haven. Corporations may be people — but they can be used to hide criminals too The Washington Post Australian Taxation Office amnesty project targets tax evaders, unlocks money stashed in havens, inherited offshore accounts ABC
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A Good Deal Better: Uganda’s Secret Oil Contracts Explained Global Witness Taxation and Organized State Criminality – the Case of Zambia Pambazuka News See also: Friendly judge rescues M’membe from ZRA over K26.8 m tax evasion Zambian Watchdog Brazil, U.S. sign tax pact frozen by spy scandal Reuters “Under the tax agreement the Brazilian tax agency will provide the U.S. Internal
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U.S. Treasury moves against tax-avoidance ‘inversion’ deals Reuters See additional links to press and blogosphere coverage via TaxProf Blog, and AstraZeneca shares fall as Obama thwarts tax inversion deals The Guardian U.S. Business Shows Continuing Concern Over BEPS Tax-News U.S. Business Roundtable says BEPS could hurt U.S. multinationals, includes a concern for “country by country reporting … to maintain its
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G20 countries agree to exchange tax information to stamp out evasion The Guardian See TJN commentary on the OECDs Automatic Information Exchange Standard here. See also: India: From today, a new beginning to end global bank secrecy: G20 The Economic Times Ireland: Pressure rises to close tax loopholes Irish Independent See also recent blog: OECD tax boss says OECD tax
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Tax justice – in it for the long haul Christian Aid Three Illicit Flows Targets for the Post-2015 Framework Center for Global Development How tax inspectors could prevent the next Ebola outbreak The Conversation See also recent blog: Tax Inspectors Without Borders – an update The Corporate Income Tax Has Always Been About Power The Tax Analysts Blog TweetShare
Links Sep 11
Fiscal justice to reduce inequality in Latin America and the Caribbean Oxfam International Taxes: the structural reform pending in Latin America BBC World (In Spanish) Hat tip: Jorge Gaggero Swiss Minister’s offshore business to be re-investigated swissinfo TweetShare
Links Sep 10
The Creation of International Financial Centres in Africa: The Case of Kenya Anti-Corruption Resource Centre Elderly Lobbyist Always Droning On About How Little Legislation Cost In His Day The Onion A Made-in-America Offshore Tax Haven Newsweek Developing Countries Losing Billions To Corporate Tax Avoidance Bernama TweetShare
Links Sep 8
Australia: Calls grow for inquiry into tax avoidance tactics of multinationals The Sydney Morning Herald See also: Shifting sands: push for government to crack down on corporate profits The Sydney Morning Herald Myanmar: Crackdown on tax dodgers has tycoons racing to file income declarations, officials say Eleven Myanmar Kenya: KRA Says Documents Delaying Price Transfer Audits allAfrica / The Star
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Developing Countries Could Reap Trillions By Squashing Financial Secrecy, Paper Says Wall Street Journal ‘Giant international companies receiving undue tax exemptions’ IPPNews “Mega International companies operating in Tanzania, Zambia and Angola are receiving undue tax exemptions through lobbying with government officials and doctoring their financial statements.” Film Says Corporate Tax Avoidance Clouding Modern States Bloomberg Minister for Jobs and Enterprise
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The trillion dollar scandal of financial secrecy Financial Times (paywall) Guest blog by By David McNair of the ONE Campaign. See also: ‘Web of corrupt activity’ costs poorest countries a trillion dollars a year The Guardian, and our blog yesterday The Trillion Dollar Scandal – ONE’s new report and global campaign UK: Go-Ahead awarded Fair Tax Mark The Guardian South
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It Is Time To Unmask The Corrupt in Switzerland Transparency International Banks agonise over US tax evasion ‘guilt’ swissinfo Most Dutch banks are ‘vague’ about tax avoidance: fair banking report DutchNews.nl TweetShare
The Trillion Dollar Scandal – ONE’s new report and global campaign
ONE has launched a report and global campaign – The Trillion Dollar Scandal –ahead of the G20 summit in November in Australia: “Our analysis shows that at least a trillion dollars each year is being siphoned out of developing countries. Wherever corruption is allowed to thrive, it inhibits private investment, reduces economic growth and increases the cost of doing business.
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Africa trades billions in secret crude oil deals, experts warn The East African Energy Blog Expert Insight Into The World Of Offshore Company Incorporations Mondaq Some very interesting data and insights on offshore incorporations, from a report produced by one of the world’s largest providers of offshore legal, fiduciary and administration services. See TJN webpage on The Mechanics of Secrecy
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Australia: Project Wickenby identifies b in tax liabilities Australian Financial Review For background on Project Wickenby, Australia’s biggest tax sting, see here and here. Big banks stall on global tax evasion crackdown Australian Financial Review New Zealand Companies Office’s $612Mn Money-Laundering Snooze naked capitalism Argentina investigates missing stolen assets El País (In Spanish) Argentine judge investigates Panama, Uruguay and BVI
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