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Quote of the day: Christine Lagarde
As reported by Tax-News, IMF Managing Director Christine Lagarde said: “There would be more revenue for all if countries resisted the temptation to compete with each other on taxes to attract business. By definition, a race to the bottom leaves everybody at the bottom.” Interestingly enough, she was speaking in the Caribbean, which contains more than its fair share of tax
Read the full article…Links Jul 3
Africa: Regional integrated tax systems needed to curb illicit financial flows New Vision See also: Why Africa Must be at Heart of Global Tax Reforms Chimpreports.com Switzerland Agrees Tax Regime Review With EU Tax-News TweetShare
Links Jul 1
Offshore Tax Crackdown Opens With 30% Penalties for Banks Bloomberg See also: FATCA Is Finally Here — Even In Russia & China Forbes Swiss banks to tell all under FATCA swissinfo While events are moving in the right direction, such declarations remain something of a smokescreen, as assets can still be hidden within complex structures such as certain kinds of
Read the full article…Links Jun 30
Argentina’s Vice President Charged With Bribery abc news Vice president accused of hiding behind a shell company so he and other secret partners could benefit from unusual tax exemptions and lucrative government contracts. Zambia Refusing to Release $600 Million in VAT Refunds to Mining Companies Zambia Reports TweetShare
Links Jun 26
Australia dragging chain on G20’s global tax crackdown The Sydney Morning Herald Bangladesh: Money flies away from Bangladesh The Daily Star “UNDP study shows grim trend of massive illicit capital flight”. See also: 62% rise in Swiss bank deposits The Daily Star TweetShare
Links Jun 25
The Twin Insurgency The American Interest “The postmodern state is under siege from plutocrats and criminals who unknowingly compound each other’s insidiousness.” Bangladesh: Anti Poor Tax Policy in Budget 2014-15 denies Redistributive Justice equitybd TweetShare
Links Jun 20
Why big time tax dodgers love Mr Juncker Private Eye See also recent blog Architect behind Eurozone’s biggest tax haven wants to be EC president EU closes tax loophole for multinational firms Reuters See also: Anti-Money Laundering: Commissioner Barnier welcomes progress in Council European Commission Statement, EU Finance Ministers must stop the business masquerade Eurodad, and EU agrees to end
Read the full article…Links Jun 19
G8 Has Yet To Live Up To Its Promises On Tax And Transparency Financial Transparency Coalition Blog Swiss Cabinet to examine tax deductible bank fines swissinfo TweetShare
Links Jun 18
The True Cost of Hidden Money – A Piketty Protégé’s Theory on Tax Havens The New York Times “What’s beyond question is that there is no economic, political or moral justification for tax evasion – it exists only because of the political influence that wealth buys. A society that fails to fight widespread tax evasion proclaims its own corruption.” For
Read the full article…Links Jun 17
Editorial – Corporations and their tax shell games: Time for a global crackdown Los Angeles Times Israel to tax Google and Facebook on profits i24 A lower rate of corporation tax – that’s what Japanese companies will get for not paying it The Independent TweetShare
Links Jun 6
EU to Decide Next Week on Irish, Dutch Tax-Breaks Probe Bloomberg UK fails to block proceeds of corrupt Nigerian oil deal Global Witness See also: UK leads charge in some key battles against corruption – now others must follow Global Witness TweetShare
Links Jun 5
The World’s Movement Toward Tax Transparency Bloomberg BNA Even the Weak Anti-Abuse Measures Contemplated by OECD Are Too Much for Republican Tax Writers Citizens for Tax Justice See also: Republicans Join Business in Warning on Global Tax Talks Bloomberg, and addressing spin in Developing Countries Not Ready to Enforce Global Tax Evasion Rules Forbes “…the trend toward tech-enabled tax infrastructure
Read the full article…Links Jun 4
Anonymous Shell Companies Are Part of the Problem, Too: Often Used to Inject Dark Money Into Campaigns FACT Coalition New Zealand: the Shell Company Incorporation Franchises (V) (and Panama and Switzerland) naked capitalism TweetShare
Links Jun 3
The BEPS Monitoring Group: Submission on Hybrid Mismatch Arrangements Mauritius agrees to treaty revision with India STEP See also: India and Mauritius to Begin Automatic Exchange of Tax-Related Information India Briefing TweetShare
Links May 29
OECD BEPS Webcast Update See the TJN briefing on BEPS here. Rather than write them off, developing countries should be included in new information exchange system Thomson Reuters India PM Modi government sets up special team to probe black money in tax havens VCCircle See also: SIT on Black Money May Not Help: Rudolf Elmer NDTV TweetShare
