We are all in this together “Frankly I don’t like any taxes at all,” David Cameron told the Federation of Small Businesses last week. … [Read more...]
Blog
Links Jan 31
African leaders must seize the initiative on global tax reforms Institute of Development Studies Is the new EBRD policy a turning point for the acceptability of tax havens in development finance? Eurodad … [Read more...]
Why does food cost so much in Jersey?
Today's edition of the Jersey Evening Post leads with an article headed 'Official: Why food costs so much more in Jersey'. Food prices, according to a new study, are one third higher than in the UK. Worse, once taxes and duties are excluded, the difference rises to 50 percent. … [Read more...]
Fiat moves tax domicile to tax haven UK – but will it create jobs?
Reuters reports: "Fiat said on Wednesday it would register the holding of its newly created Fiat Chrysler Automobiles group in the Netherlands and set its tax domicile in Britain … [Read more...]
Swiss subterfuges continuing to fool Italian politicians?
This zombie just won't die. From BusinessWeek: "Solving the dispute over undeclared Italian funds with Swiss banks will be on the agenda today … [Read more...]
Goldman tax dodge fury shakes Denmark government
We received this email yesterday about opposition in Denmark to a deal to sell a big stake in the state energy company Dong to Goldman Sachs, raising large civil society pushback, … [Read more...]
BVI got more foreign investment in 2013 than Brazil and India combined – UN
The British Virgin Islands (BVI) are back in the news. Last week the islands featured at the centre of a huge story about corruption in China. This week's story concerns UNCTAD's latest estimates of foreign direct investment flows through companies registered in the BVI. As Reuters reports: … [Read more...]
Open letter to UK Prime Minister
Dear Prime Minister The Huffington Post reports you saying: "Frankly I don't like any taxes." … [Read more...]
Links Jan 28
OECD BEPS work for consultation in March Accountancy Live BEPS next major tax initiative to impact Cayman Compass Cayman … [Read more...]
UBS: invest in food, water and death
From the excellent weekly newsletter of the U.S. inequality-watching organisation Too Much: "Simon Smiles, the global chief investment officer at the Swiss bank UBS, usually only ladles out advice to investors worth at least $30 million. But Smiles has just done an interview that shares a bit of … [Read more...]
IMF: tax cuts don’t attract investment
From the IMF, a Working Paper. It doesn't make quite the sweeping claim suggested in the headline, but still. "Using manufacturing and services firm-level data for 30 sub-Saharan African (SSA) countries, this paper shows that taxation is not a significant driver for the location of foreign firms … [Read more...]
Show trial of Swiss whistleblower Elmer now in 9th year
This month a Swiss court fought back against efforts by the United States to tackle criminal activity and tax its wealthy citizens properly. As Worldwide Tax Daily reports: … [Read more...]
Links Jan 27
China to step up international co-operation in fight against tax evasion South China Morning Post "Amid revelations about use of offshore havens, the mainland's tax commissioner plans greater international co-operation to pursue evaders". See also: How We Did Offshore Leaks China ICIJ … [Read more...]
TJN’s Offshore Wrapper: The week in tax justice
Welcome to TJN's weekly Offshore Wrapper. This week, rumours of a tax evasion amnesty in Italy and the US looks to reopen the door to tax evasion. The Spanish speaking world gets tough on corporate tax avoidance and “Chinaleaks” hits the Chinese elite. … [Read more...]
New Job: Campaigns and Communications Officer
Our campaigns partner, the Global Alliance for Tax Justice, is advertising for a new post: campaigns and communications officer: … [Read more...]
