From Sigrid Klæboe Jacobsen, Director of TJN - Norge In December, the Norwegian Parliament voted in favour of implementing country-by-country reporting. The Ministry of Finance has now announced the new regulations which tells us exactly what we’ve got, and what we haven’t got. … [Read more...]
Corporate Tax
Links Jan 22
Swiss banks devise new 'cash' strategies for clients Zee News Swiss Bankers Welcome Formation Of Tax Expert Group Tax-News … [Read more...]
Swiss double tax agreements disadvantage poorer countries
Our attention has been drawn to a fascinating new report (sadly, in German only, an English language summary is here) on Switzerland’s double tax agreements (DTAs) with developing countries. Interestingly, although the report was produced by researchers from the renowned World Trade Institute at … [Read more...]
Links Jan 21
HIghlights of Offshore Leaks So Far ICIJ See also: ICIJ To Reveal China's Offshore Secrets … [Read more...]
The Taxcast: January 2014 – Edition 25
In the January 2014 Taxcast: Tax justice goes to the Cayman Islands; the latest fall-out from #OffshoreLeaks, the expose on tax havens from the International Consortium of Investigative Journalists; and HOW much is Africa spending on corporate tax breaks??? The Taxcast looks at tax incentives, … [Read more...]
OECD: special tax rules for internet cos ‘unviable’
Internet companies are running rings around our governments, free-riding on the backs of ordinary taxpayers and reaping large fortunes for relatively small numbers of well-connected insiders, some of them rich enough to buy entire global newspapers with their pocket change, and thus potentially … [Read more...]
Links Jan 16
The time is now: European Parliament to vote on the Anti-Money Laundering Directive Eurodad See also: Member states split on proposed transparency for trusts legislation IFC Review / European Voice … [Read more...]
Quote of the day – Boeing
From Citizens for Tax Justice: "How worried should we be that Boeing argues it should get a tax break for performing safety tests on its new planes? … [Read more...]
Links Jan 14
"BEPS Action Plan: Update on 2014 Deliverables"- Live Webcast Thursday 23 January OECD Hellenic EU Presidency Outlines Priorities Tax-News "Greece will press for the extension of automatic information exchange procedures as part of its six month European Union (EU) Presidency." … [Read more...]
Offshore Corporate Profits: The Only Thing ‘Trapped’ Is Tax Revenue
From the Center for American Progress (hat tip: AABA), in the context of news reports of trillions of dollars in U.S. overseas profits "trapped" overseas, just waiting to be invested in the struggling U.S. economy - if only it could somehow be "unlocked" (such as through a corporate tax amnesty.) … [Read more...]
Quote of the day: fracking tax positions
From David Quentin's Tax and Law blog, just mentioned in our Links: Vodafone’s 2013 “Tax Risk Management Strategy” paper, for example, concedes in its small print that Vodafone happily adopts filing positions which “will not meet the more-likely-than-not standard but would still be tenable”. If … [Read more...]
The twilight of the international tax consensus
That's the headline of a provocative article by U.S. rock star tax expert Lee Sheppard, … [Read more...]
Do tax cuts promote growth? Part MCXIV
The world's economists have been arguing over this question for decades. Which is odd, because the evidence is rather clear on this point. … [Read more...]
New report: how Finnish multinationals use tax havens
Our partners at Finnwatch have just published an important new report looking at the activity of Finnish multinational corporations in tax havens. … [Read more...]
Towards Unitary Taxation of Transnational Corporations, by Sol Picciotto
Towards Unitary Taxation of transnational corporations, Prof. Sol Picciotto, Dec 2012. Original link here. … [Read more...]
