EU parliament studies tax avoidance in member states Luxemburger Wort See also: Pro-Juncker coalition blocks committee of inquiry on Luxleaks EurActiv, and Juncker’s Sound of Silence Project Syndicate Malta should brace itself for tax haven clampdown Malta Today India must show valid proof … [Read more...]
Race to the Bottom
Links Dec 4
New Asia-Pacific taxation taskforce announced Accountants Daily Mauritius Overtakes Singapore as India’s Top Source of FDI India Briefing Putin Suggests Total Amnesty for Offshore Capital Returning to Russia Sputnik International EU Slows Macedonia Plan for Tax Haven Balkan Insight See … [Read more...]
Links Dec 3
India has Less Than 1% Info on Black Money, Lots More I Can Offer, Whistle-blower Herve Falciani to NDTV Nigerian Governor Akpabio Named In Shady Possession Of St-Kitts And Nevis Passport Sahara Reporters Several high profile African figures are "economic citizens" of tax havens Africa’s … [Read more...]
Links Dec 2
Open letter to the Heads of State and Ministers of Finance of the East African Community: Redouble efforts to end illicit financial flows and harmful tax incentives in the East African Community East Africa Tax & Governance Network (EATGN) Breaking bad habits: time for @amazonuk to face up … [Read more...]
Links Dec 1
United Nations starts pounding pavement on the road to Addis Ababa Eurodad Today UK oil and mining transparency becomes reality. U.S. take note. Global Witness See also: U.K. Resources Companies Ordered to Disclose Government Payments Bloomberg The tax wars of Europe The Hindu Business … [Read more...]
Links Nov 26
Leadership needed on tax fairness in Australia The Sydney Morning Herald Multinational tax cases headed for court, Australian Tax Office says Financial Review Microsoft to pay China $140 million for 'tax evasion' Reuters Calls for reform and a resignation over LuxLeaks ICIJ … [Read more...]
Links Nov 25
China’s offshore empires go from help to headache Reuters "When is a Chinese company not Chinese? When it’s a complex web of offshore vehicles rooted in anonymous tax havens." Secret hoards in tax havens Kashmir Times "Goal of limiting tax havens by G20 leaders s unlikely to shed light on … [Read more...]
Links Nov 24
Doubt cast on Modi’s quest to find India’s black money overseas Financial Times (paywall) " ... now he is in power Mr Modi is discovering that unearthing illicit funds stashed in Switzerland, Liechtenstein or other tax havens will be a long, tough slog that is unlikely to yield windfall … [Read more...]
Not In My Name: remarkable, rare voices of remorse and mortification in Luxembourg
We have often remarked on how easy it is for financial services interests to "capture" small tax havens or secrecy jurisdictions. It's a common pattern and a woefully under-studied phenomenon where the capture by global offshore finance extends beyond the policy-making apparatus … [Read more...]
Links Nov 21
FATCA: Are Transnational Criminal Networks Influencing US Policy? Huffington Post Mauritius Emerges As Biggest Investor In India InSerbia News Anti-corruption bar set higher, but Australia still has more to do The Conversation Taxing mines is a daunting task Zambia Daily Mail … [Read more...]
Links Nov 20
Seychelles Chamber of Commerce and Industry pushes for Seychelles to become China’s African trade hub Seychelles New Agency "... the Chinese side could benefit from the various tax incentives which exist here". See earlier blog How Seychelles became a paradise for dirty money and corruption … [Read more...]
Links Nov 19
Juncker should step back on tax avoidance issues Financial Times (paywall) Juncker has refused to recuse himself formally from participating in the European commission’s final judgments on corporate tax cases. He should officially hand over all oversight for the probes to his deputy and step back … [Read more...]
Links Nov 18
Why is the largest gold mine in South America incurring losses? BBC Mundo (In Spanish) India: G20 backs Modi's pitch for repatriation of black money Business Standard India: Black money probe gets trickier as trail goes beyond Switzerland Business Today … [Read more...]
California’s tax hikes versus Kansas’ tax cuts: early results now in
From a new paper by Paul Caron of Pepperdine University and Joseph Bankman of Stanford University: "The conventional wisdom in California two years ago was that raising taxes on the wealthy would harm the economy and doom any politician who dared touch this third rail. Instead, the public … [Read more...]
Patent boxes: progress, or more racing to the bottom?
We've written quite a bit about patent boxes in the last few days. A Patent Box is a tax incentive that reduces effective corporation tax rates on income attributable to patents, subject to certain conditions. We at TJN think they are generally a terrible idea. In two patent box blogs last week … [Read more...]
