Banks Cash In on Inversion Deals Intended to Elude Taxes Dealb%k See also: A Bipartisan Approach to Stopping Corporate Expatriations The Tax Analysts Blog, and Obama Involves Ireland In 'Unpatriotic' Inversion Claim Tax-News Spanish union plans 'tax-haven' protest in Gibraltar The … [Read more...]
Inequality & Democracy
Links Jul 28
The DGI of Uruguay, together with the Global Forum on Transparency and Exchange of Information and the CIAT, promote a regional sharing of experiences on Information Exchange Inter-American Center of Tax Administrations (CIAT) Uruguay news: authorities concerned about “illegal activity” in free … [Read more...]
The Spirit Level – new documentary film coming
From The Spirit Level, a tantalising trailer for a forthcoming documentary film about inequality. As they note: "The Spirit Level tells the story of how the gap between rich and poor has risen to unprecedented levels, under our noses. But does it matter? We've be interweaving stories from … [Read more...]
Delaware corporate secrecy and crime: a long-awaited debate begins
A fascinating blog from Global Witness: "Last November, a former special agent for the Treasury Department, John Cassara, wrote an op-ed for the New York Times with the headline “Delaware, Den of Thieves?” Cassara described how the state of Delaware (along with Wyoming and Nevada) has become … [Read more...]
Links Jul 18
Citizenship for investment: These tax-havens attract rich Africans Capital FM Kenya Falciani fallout: Britain recoups millions from Swiss bank list swissinfo Flagrant misconduct: UK Lord forced to apologize for signing lobbying contract with overseas tax haven RT … [Read more...]
Network launched in Zimbabwe to counter illicit financial flows
Our partners at the African Forum and Network on Debt and Development (AFRODAD) have announced the launch of a new network - the Zimbabwe Network Against Illicit Financial Flows (ZINAIFF). The network membership includes AFRODAD, the Centre for Natural Resource Governance, Transparency … [Read more...]
Links Jul 17
Who Aids Whom? Exposing the True Story of Africa’s 2 Billion Losses Think Africa Press See also: Aid to Africa: donations from west mask '$60bn looting' of continent The Guardian, and recent blog Honest Accounts? The true story of Africa’s billion dollar losses Network against illicit financial … [Read more...]
Links Jul 16
Tackling Tax and Saving Lives Save the Children India: Negotiations on with other countries to sign new tax treaties Business Standard See here, for why automatic multilateral exchange of information for tax purposes is needed. The Dark Side of Growth swissinfo … [Read more...]
Honest Accounts? The true story of Africa’s billion dollar losses
For decades Western countries have peddled a fairy tale about Africa's plight. The tale spins a homely story of how the West provides development aid to assist African nations overcome their own shortcomings. The tale is, of course, a vicious and mendacious nonsense. As this new report from … [Read more...]
Links Jul 15
OECD blocks tax debate at the UN TJN Latin America and Caribbean Taxation and Trade: who does the World Trade Organization play for? TJN Latin America and Caribbean Argentina: Capital flight estimated as being as much as US$ 374 billion Cronista (In Spanish) See also recent TJN blog on the … [Read more...]
Jean-Claude Juncker and the rise of extremism
We have previously blogged about the role played by the former Luxembourg prime minister in shaping the rise of tax haven Luxembourg. Europe now faces the prospect that he will be elected the next president of the European Commission this coming week. If this happens, those politicians who vote … [Read more...]
Links Jul 10
Swiss Banks’ Tradition of Secrecy Clashes With Quests Abroad for Disclosure The New York Times Four of the 10 richest Singaporeans are expats saving millions in taxes Quartz See also: Singapore raises maximum jail term for money laundering globalpost - Authorities now allowed to prosecute cases … [Read more...]
Links Jul 9
New Bank Leak Shows How Rich Exploit Tax Haven Loopholes ICIJ See also: Offshore secrets of the UK's wealthy political donors The Guardian Black money trail: No list of Indians holding money in Swiss banks, says Arun Jaitley Financial Express See also: Delhi searches for wealth in overseas tax … [Read more...]
How developing countries can take control over their tax destinies
Krishen Mehta, a Senior Adviser to TJN, has written a short document with ten pointers offering ways that developing countries can take control over their tax destinies. We reproduce the introduction of his article below: please click on the full article for the ten points. We hope to produce more … [Read more...]
Links Jul 8
Key IMF policy paper released on tax havens and development European Institute for International Law and International Relations See also our recent blog on the IMF report here. Make ‘Justified’ Requests Swiss Banks Tell India Business Insider And to compare and contrast: Swiss banks threaten … [Read more...]
