Asian campaigners demand the OECD’s BEPS process do more for developing countries Global Alliance for Tax Justice India: Tax department to issue notice to HSBC on alleged money laundering The Times of India See also: India: Black money probe: Activists, experts fault government for tardy … [Read more...]
Corporate Tax
Links Feb 19
HSBC : University of Warwick - Top researchers in call for re-think over international undercutting; Expert team warns of 'race to the bottom' threatening living standards around the world 4-Traders TJN-Africa's most recent publications on Transfer Pricing in Africa: Transfer Pricing in … [Read more...]
Links Feb 18
Map: Who’s hiding the most money in secret Swiss bank accounts? Washington Post Wonkblog Tanzania: Trio to face Public Accounts Comittee on Swiss billions Tanzania Daily News / allAfrica Swiss Leaks: Billions of dollars lost annually in Africa, says ICIJ Caperi Brazil probes link between … [Read more...]
The “Miracle of Minneapolis” and a local ceasefire in tax wars
From The Atlantic in the U.S., an article entitled "The Miracle of Minneapolis" which looks at the demonstrable outperformance of this mid-sized U.S. city, in terms of being a good place to live. It's summed up in an old adage: ‘It’s really hard to get people to move to Minneapolis, and it’s … [Read more...]
Links Feb 17
Response from Eurodad to the Financing for Development Elements Paper Recent posts by The BEPS Monitoring Group (BMG): BMG: The Use of Profit Splits in the Context of Global Value Chains BMG: Transfer Pricing: Risk, Recharacterisation, and Special Measures BMG: Limitation of Interest … [Read more...]
Links Feb 13
Tax havens for despots, criminals and the Fortune 500 The Washington Post Cites Nicholas Shaxson's Treasure Islands: Tax Havens And The Men Who Stole The WorldSwiss Leaks frequently asked questions answered ICIJ Politicians, regulators face questions over HSBC cases ICIJ HSBC could face … [Read more...]
Tweet of the day – London as the front office for global tax avoidance
Links Feb 12
Tackling tax evasion: Follow the money The Economist "As countries share more information, opportunities to squirrel away cash abroad will continue to narrow". Cites TJN on the Common Reporting Standard (CRS). Private banks must be more than laundries Financial Times (paywall) See also: … [Read more...]
Links Feb 11
Era of bank secrecy still far from over for developing countries: Christian Aid Wall Street Pays Bankers to Work in Government and It Doesn't Want Anyone to Know New Republic Links on the #SwissLeaks revelations blogged earlier: Explore the Swiss Leaks Data ICIJ Includes links to related … [Read more...]
Tax transparency after #SwissLeaks
Cross-posted from Uncounted: Alex Cobham Yesterday I suggested some specific transparency measures to rebuild trust in light of #SwissLeaks. Today my colleagues at TJN pointed out that they are way ahead of me: here’s how. … [Read more...]
#SwissLeaks – Tax transparency for accountability
Cross-posted from Uncounted: Alex Cobham Much of the #SwissLeaks data has been in the hands of tax authorities for 5 years. Many of the questions raised relate to individuals and to particular regulators and governments – but there’s also a broader question that goes to the type of solutions … [Read more...]
PWC – Profits Without Conscience
Accounting multinational PWC has been condemned in a new report by the UK Parliament's Public Accounts Committee (PAC) for providing misleading evidence to Parliament and "promoting tax avoidance on an industrial scale." The Committee, which has led the way globally in exposing the tax avoidance … [Read more...]
Links Feb 4
Multinationals channel more money through "hubs" in Singapore, Switzerland than ever before, Australian Taxation Office says The Sydney Morning Herald Boost for Juncker as possible probe by MEPs into LuxLeaks scandal now in the balance The Bureau of Investigative Journalism See also earlier … [Read more...]
BEPS Through the Looking Glass: Where Do We Stand?
Guest blog from TJN Senior Adviser Professor Sol Picciotto, Chair of the civil society BEPS Monitoring Group. … [Read more...]
Support a Tax Dodging Bill
In the run-up to the general election in the UK this May, a campaign is underway to persuade ALL candidates from ALL political parties to engage in a race-to-the-top to ensure fair and effective corporate taxation. … [Read more...]
