German trust sues Swiss bank over vanished money from former Communist East Reuters Zimbabwe: The Hedge Fund and the Despot Bloomberg Businessweek Story involves offshore opaque dealings via a BVI shell company … [Read more...]
Finance Sector
Risk mining: what tax avoidance is, and exactly why it’s anti-social
Recently we wrote about a remarkable blog by Jolyon Maugham, a tax barrister, a view from the front lines, which we'll repeat again today, because it's so startling: "I have on my desk an Opinion – a piece of formal tax advice – from a prominent QC at the Tax Bar. In it, he expresses a view on the … [Read more...]
Links Aug 22
Developing nations need more than words from G20 tax reform The Conversation See also: G20 to press for 'rapid timeline' for exchange of tax information The Economic Times New Zealand Prime Minister John Key, the Whale Oil Blog, and International Organized Crime naked capitalism Story includes … [Read more...]
Links Aug 21
Can Taxing the Wealthy Strengthen Democracy? The Washington Post Ghanaian Government Asked To Tighten Up On Transfer Pricing Tax-News See TJN's Transfer Pricing page here. Cayman: Financial firm sues employee over client information leak Cayman News Service … [Read more...]
Links Aug 20
Swiss sanctions dilemma over Russia BBC Swiss Private Banks: Not a Pretty Picture Wall Street Journal … [Read more...]
Links Aug 19
“Tax is the Lifeblood of Democracy”: An Interview with John Christensen of the Tax Justice Network Spirit of Contradiction Australia: Miners in a royal spin over tax contribution The Sydney Morning Herald Pakistan: Our Swiss dilemma The News on Sunday Monaco $400 Million Penthouse Secrecy … [Read more...]
The Boys Who Won’t Say No
Are tax barristers enriching themselves by signing-off on dodgy legal opinions relating to tax avoidance? Surely not. The legal profession is a bastion of probity and wouldn't tolerate such shenanigans. Or maybe they would. … [Read more...]
Links Aug 15
Ending poverty devex Switzerland proposes severe punishment for bank secrecy breach Zee News A fresh setback to India's efforts to get details of the so-called HSBC list from Switzerland. See also: Swiss Federal Council advocates better protection of bank client data Kuwait news Agency, … [Read more...]
Links Aug 14
Risk-Mining the Public Exchequer David Quentin A major contribution to the debate on tax avoidance. See also comment from Tax Research UK here, and David Quentin's blog here. How To Launder Money Like a Chinese Billionaire Huffington Post Asset tracing: Follow the money swissinfo / … [Read more...]
Links Aug 13
Pakistan: Government declares tax evasion as money laundering The Nation Cayman: Tax authority ordered to pay court costs Compass Cayman Cayman companies challenged exchange of tax and beneficial ownership information with Australia. Illicit capital flowing out of Africa often benefits … [Read more...]
Links Aug 12
Secrecy Monitor’s anniversary post: a year tracking the tax haven media Financial Secrecy Media Monitor Black money: India gets data on 24,000 instances of tax evasion, dubious funds in foreign shores First Biz India cracks down on illegal funds stuff.co.nz India to Switzerland: Join group … [Read more...]
Links Aug 11
Tax dodging won’t be curbed until poorest countries have a fairer say The Guardian India: Black money pursuit: Switzerland amends key law on foreign requests The Economic Times Calling All Money Laundering Wonks – U.S. Treasury Seeks Comment on Rule to Keep Dirty Money Out of U.S. Banks … [Read more...]
Links Aug 8
Tax haven economic diversification watch: Luxembourg edition Financial Secrecy Media Monitor How Libya Blew Billions and Its Best Chance at Democracy Bloomberg Businessweek Africans call on rich nations to crack down on money laundering in new drive against illicit flows Thomson Reuters … [Read more...]
Links Aug 7
OECD Releases New Peer Review Reports Tax-News Part 1 of a Report to G20 Development Working Group on the Impact of BEPS in Low Income Countries OECD See also: OECD releases public request for input on BEPS Action 11. For TJN's briefing on BEPS, see here. Follow the money to root out threat … [Read more...]
On the City of London’s love-fest with Moscow
From TheCityUK, a powerful lobbying body that supports the City of London and generally supports financial deregulation (see here for more on that): "We are working with the Russian Government on a major project to help Moscow develop as an international financial centre, creating new business … [Read more...]
