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Links Aug 7
OECD Releases New Peer Review Reports Tax-News Part 1 of a Report to G20 Development Working Group on the Impact of BEPS in Low Income Countries OECD See also: OECD releases public request for input on BEPS Action 11. For TJN’s briefing on BEPS, see here. Follow the money to root out threat of financial crimes The Hill Special Report: How
Read the full article…Links Aug 5
Tax Administration Review: Inter-American Center of Tax Administrations – July 2014 edition Tax benefits and tax evasion. Items for discussion in Colombia LatinDADD (In Spanish) What does $13m lobbying in US buy for African nations? ICIJ TweetShare
Links Aug 4
Sanctions on Russia: The Unintended Consequence The Banker’s Umbrella A private banker’s view. “Make no mistake, this is what private banks crave like vampires crave blood.” See also Russia Considers Going Progressive… When It Comes To Tax Forbes, and Russian FM Provides Anti-Offshore Law Update Tax-News CSOs Task Obama, African Governments on Transparency This Day Live African civil society calls
Read the full article…Links Jul 31
Vulture Funds: The Lawsuit Against Argentina And The Challenge They Pose To The World Economy CEFID-AR A view from Argentina. See the original version in Spanish here. Luxembourg tax regime: Under siege Financial Times (paywall) “The low-tax system that has brought great prosperity to the Grand Duchy now threatens to become a liability.” See also the report on Luxembourg on
Read the full article…Links Jul 30
Go after bigwig tax cheats The Jamaica Gleaner Indian Government revamps I-T tech for overseas tax information sharing The Times of India The EU Should Beware Of Russian Interest In Balkan Banks Forbes Intriguing story involving the tactics of shell companies and “puppet” frontmen. TweetShare
Links Jul 29
Banks Cash In on Inversion Deals Intended to Elude Taxes Dealb%k See also: A Bipartisan Approach to Stopping Corporate Expatriations The Tax Analysts Blog, and Obama Involves Ireland In ‘Unpatriotic’ Inversion Claim Tax-News Spanish union plans ‘tax-haven’ protest in Gibraltar The Guardian Extractives: A ‘chair with three legs?’ devex TweetShare
Links Jul 28
The DGI of Uruguay, together with the Global Forum on Transparency and Exchange of Information and the CIAT, promote a regional sharing of experiences on Information Exchange Inter-American Center of Tax Administrations (CIAT) Uruguay news: authorities concerned about “illegal activity” in free trade zones Financial Secrecy Media Monitor Does new global financial info-share regime leave India high and dry? Hindustan
Read the full article…Links Jul 18
Citizenship for investment: These tax-havens attract rich Africans Capital FM Kenya Falciani fallout: Britain recoups millions from Swiss bank list swissinfo Flagrant misconduct: UK Lord forced to apologize for signing lobbying contract with overseas tax haven RT TweetShare
Links Jul 17
Who Aids Whom? Exposing the True Story of Africa’s 2 Billion Losses Think Africa Press See also: Aid to Africa: donations from west mask ‘$60bn looting’ of continent The Guardian, and recent blog Honest Accounts? The true story of Africa’s billion dollar losses Network against illicit financial flows launched in Zimbabwe EIN News Leaked agreement shows Tanzania may not get
Read the full article…Links Jul 16
Tackling Tax and Saving Lives Save the Children India: Negotiations on with other countries to sign new tax treaties Business Standard See here, for why automatic multilateral exchange of information for tax purposes is needed. The Dark Side of Growth swissinfo TweetShare
Links Jul 15
OECD blocks tax debate at the UN TJN Latin America and Caribbean Taxation and Trade: who does the World Trade Organization play for? TJN Latin America and Caribbean Argentina: Capital flight estimated as being as much as US$ 374 billion Cronista (In Spanish) See also recent TJN blog on the CEFID-AR report here. TweetShare
Links Jul 10
Swiss Banks’ Tradition of Secrecy Clashes With Quests Abroad for Disclosure The New York Times Four of the 10 richest Singaporeans are expats saving millions in taxes Quartz See also: Singapore raises maximum jail term for money laundering globalpost – Authorities now allowed to prosecute cases in Singapore that involve the evasion of foreign taxes, “so long as tax evasion
Read the full article…Links Jul 9
New Bank Leak Shows How Rich Exploit Tax Haven Loopholes ICIJ See also: Offshore secrets of the UK’s wealthy political donors The Guardian Black money trail: No list of Indians holding money in Swiss banks, says Arun Jaitley Financial Express See also: Delhi searches for wealth in overseas tax havens The Daily Star Vulture Funds Must Disappear From The Financial
Read the full article…Links Jul 8
Key IMF policy paper released on tax havens and development European Institute for International Law and International Relations See also our recent blog on the IMF report here. Make ‘Justified’ Requests Swiss Banks Tell India Business Insider And to compare and contrast: Swiss banks threaten freeze on US accounts over tax evasion Financial Times (paywall) TweetShare
Links Jul 4
FATCA Just a Band Aid for Latin American Tax Evasion Inter Press Service Cites TJN’s Andrés Knobel, pointing out that the limiting factor for developing countries is that FATCA is bilateral. See also: FATCA: Dropping the bomb The Economist – The article is quite harshly critical of FATCA, but does rightly point out that “As more countries are pushed to
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