The OECD, the club of rich countries that dominates international tax, is running a project known as Base Erosion and Profit Shifting (BEPS) which is supposed to fix some of the gaping holes in the international tax system. As we all know, transnational corporations (TNCs) are running rings around … [Read more...]
Transfer Pricing
Singapore spin: “we are not a tax haven.” They all say that
From the Twittersphere, our Director of Research: … [Read more...]
The Offshore Wrapper: a week in tax justice #59
Our quirky weekly news round-up from the topsy-turvy world of tax havens. The piratical Duchy of Luxembourg charges journalist over LuxLeaks What does Jean-Claude Juncker think of this? Luxembourg, the country he led for 18 years and steered in the direction of becoming one of Europe's biggest … [Read more...]
Big Pharma companies: extracting wealth from every angle they can find
(Updated with a reference to Google's scary "Patent Purchase Promotion" initiative.) From the Wall St. Journal, a story entitled Pharmaceutical Companies Buy Rivals’ Drugs, Then Jack Up the Prices: "On Feb. 10, Valeant Pharmaceuticals International Inc. bought the rights to a pair of … [Read more...]
