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Links Aug 29
Kenya votes to reintroduce capital gains tax Financial Times (paywall) “The move, which was approved by parliament this week but has yet to be signed into law by President Uhuru Kenyatta, will put Kenya in line with other top African economies” Expectations too high for Pakistan-Swiss talks swissinfo TweetShare
Links Aug 28
Delivering Development After 2015 Center for American Progress “Mobilizing domestic resources is the main mechanism for achieving goals at the national level.” G-20 Plans For World Without Tax Evasion Forbes Investors should address aggressive corporate tax planning Pensions & Investments See also, earlier blog Quote of the day: the purpose of corporations TweetShare
Links Aug 27
Africa losing revenue due to faulty treaties – tax experts The Star New UK anti-corruption rules unveiled for oil and mining companies Global Witness TweetShare
Links Aug 26
German trust sues Swiss bank over vanished money from former Communist East Reuters Zimbabwe: The Hedge Fund and the Despot Bloomberg Businessweek Story involves offshore opaque dealings via a BVI shell company TweetShare
The August 2014 Taxcast
In the latest Tax Justice Network podcast: August 2014, Edition 32: When was the last time you used a $100 bill, a 500 euro note or a 1,000 Swiss Franc note? We look at how Western banks and Treasuries are facilitating crime through high denomination bills. Also, tax haven reputation damage-management, Switzerland pulls a fast one on India, the European
Read the full article…Links Aug 22
Developing nations need more than words from G20 tax reform The Conversation See also: G20 to press for ‘rapid timeline’ for exchange of tax information The Economic Times New Zealand Prime Minister John Key, the Whale Oil Blog, and International Organized Crime naked capitalism Story includes a web of offshore connections. Glencore report: European Investment Bank must drag its secrets
Read the full article…Links Aug 21
Can Taxing the Wealthy Strengthen Democracy? The Washington Post Ghanaian Government Asked To Tighten Up On Transfer Pricing Tax-News See TJN’s Transfer Pricing page here. Cayman: Financial firm sues employee over client information leak Cayman News Service TweetShare
Links Aug 20
Swiss sanctions dilemma over Russia BBC Swiss Private Banks: Not a Pretty Picture Wall Street Journal TweetShare
Links Aug 19
“Tax is the Lifeblood of Democracy”: An Interview with John Christensen of the Tax Justice Network Spirit of Contradiction Australia: Miners in a royal spin over tax contribution The Sydney Morning Herald Pakistan: Our Swiss dilemma The News on Sunday Monaco $400 Million Penthouse Secrecy Booms: Real Estate Bloomberg On “tax tourism”: “Developers prepare for an influx of millionaires and
Read the full article…Links Aug 15
Ending poverty devex Switzerland proposes severe punishment for bank secrecy breach Zee News A fresh setback to India’s efforts to get details of the so-called HSBC list from Switzerland. See also: Swiss Federal Council advocates better protection of bank client data Kuwait news Agency, reporting that “the relationship between the client and the financial institution in Switzerland will not be
Read the full article…Links Aug 14
Risk-Mining the Public Exchequer David Quentin A major contribution to the debate on tax avoidance. See also comment from Tax Research UK here, and David Quentin’s blog here. How To Launder Money Like a Chinese Billionaire Huffington Post Asset tracing: Follow the money swissinfo / Financial Times “Establishing the true beneficial owner of the asset – that’s the hardest part
Read the full article…Links Aug 13
Pakistan: Government declares tax evasion as money laundering The Nation Cayman: Tax authority ordered to pay court costs Compass Cayman Cayman companies challenged exchange of tax and beneficial ownership information with Australia. Illicit capital flowing out of Africa often benefits foreign investors Thought Leader TweetShare
Links Aug 12
Secrecy Monitor’s anniversary post: a year tracking the tax haven media Financial Secrecy Media Monitor Black money: India gets data on 24,000 instances of tax evasion, dubious funds in foreign shores First Biz India cracks down on illegal funds stuff.co.nz India to Switzerland: Join group on illegal money information sharing Live Mint TweetShare
Links Aug 11
Tax dodging won’t be curbed until poorest countries have a fairer say The Guardian India: Black money pursuit: Switzerland amends key law on foreign requests The Economic Times Calling All Money Laundering Wonks – U.S. Treasury Seeks Comment on Rule to Keep Dirty Money Out of U.S. Banks Global Witness TweetShare
Links Aug 8
Tax haven economic diversification watch: Luxembourg edition Financial Secrecy Media Monitor How Libya Blew Billions and Its Best Chance at Democracy Bloomberg Businessweek Africans call on rich nations to crack down on money laundering in new drive against illicit flows Thomson Reuters TweetShare
