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Links Apr 29
India: Govt refuses to name account holders in tax haven despite Supreme Court order The Times of India “Why is the government reluctant to share the names of Indian tax evaders having accounts in LGT Bank in Liechtenstein with the Supreme Court even when it amounts to contempt of court?”. See also: Black money: Names of 18 foreign bank account
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International community continues making progress on tax transparency OECD Global Forum on Transparency and Exchange of Information for Tax Purposes issues 12 new reports. See here for background and resources on Information Exchange Bahamas claims FATCA exemption for foundations STEP “The recent negotiating trip to Washington resulted in a ‘sponsored exemption’ for foundations, as well as a previously granted exemption
Read the full article…Links Apr 25
UK Prime Minister’s letter to the Overseas Territories on beneficial ownership See also: Transparency call to ‘tax havens’ The Courier, recent TJN Blog On Britain’s new honesty box for corporate fraudsters, and Turks and Caicos Islands Considers Public Beneficial Ownership Register Tax-News TweetShare
Links Apr 24
India to provide info on US tax evaders Business Standard “However, US refuses to share data on foreign assets of Indian entities” TweetShare
Links Apr 22
G20 tax reform mired in shadowy world of lobbying The Conversation UK: The government has created a new honesty box for corporate fraudsters to disclose their crimes and I guarantee not one will Tax Research UK See also: Business Secretary Vince Cable presses ahead with public register on company ownership The Guardian, and Latest update: Release of Offshore Records Brings
Read the full article…Links Apr 17
Comments received on discussion draft on Tax Challenges of the Digital Economy published OECD NY regulator subpoenas Credit Suisse in U.S. tax probe: source Reuters TweetShare
Links Apr 15
EU: Šemeta In Final EU Tax Harmonization Push Tax-News Offshore companies banned from Bulgarian agriculture land ownership farmlandgrab.org TweetShare
Links Apr 14
The BEPS Monitoring Group Submission to the OECD on the Digital Economy Rudolf Elmer’s open letter to Mr. Martin Graf, Swiss Government Councillor See also our recent blog: Show trial of Swiss whistleblower Elmer now in 9th year, and Julius Baer to remain a boutique despite dramatic size build-up The Asset TweetShare
Links Apr 11
Country-by-Country Template Won’t Require Entity-by-Entity Financial Details, Andrus, Head of OECD’s Transfer Pricing Unit Says Bloomberg BNA See recent TJN blog Submission to OECD on transfer pricing and developing countries TweetShare
Links Apr 10
Argentina tax chief Ricardo Etchegaray met with Swiss Ambassador La Nacion (In Spanish) Hat tip: Jorge Gaggero – the “tax cosmetics” continue. See also recent Guest blog: Should Argentina sign a tax treaty with Switzerland? TweetShare
Links Apr 9
UK demands exemption from EU trust registry plan STEP The UK government has confirmed that it will oppose clauses in the EU’s Fourth Money Laundering Directive that would force all trusts to identify their beneficiaries in publicly accessible registries. TweetShare
Links Apr 8
Getting the rules right – Interview with John Christensen, executive director, Tax Justice Network Cayman Financial Review TweetShare
Links Apr 3
Illicit capital flows are the elephant in the EU-Africa summit room EurActiv More Countries Agree to Help U.S. Crack Down on Tax Dodgers The Wall Street Journal See also: US Prepares To Enforce 45 FATCA Pacts Tax-News, U.S. gives foreign banks more time on anti-tax dodge law Reuters, and Leaked guidance notes threaten to invalidate Canada’s FATCA IGA STEP TweetShare
Links Apr 2
Cayman Islands’ government terminates Lord Blencathra’s lobbying contract The Bureau of Investigative Journalism See also: Lobbying row: Cayman Islands cut ties with Tory peer Lord Blencathra by mutual consent after revelations by The Independent TweetShare
Links Mar 31
Lord Blencathra’s contract with Cayman Islands stated he would lobby MPs and Lords The Bureau of Investigative Journalism A senior UK politician who denied he had ever lobbied MPs and peers on behalf of a Caribbean tax haven had signed a £12,000 per month contract that stated he would do so. See also: Tory lord faces new probe as Cayman’s
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