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...]
Race to the Bottom
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...]
Links Aug 5
Tax Administration Review: Inter-American Center of Tax Administrations - July 2014 edition Tax benefits and tax evasion. Items for discussion in Colombia LatinDADD (In Spanish) What does $13m lobbying in US buy for African nations? ICIJ … [Read more...]
Links Aug 4
Sanctions on Russia: The Unintended Consequence The Banker's Umbrella A private banker's view. "Make no mistake, this is what private banks crave like vampires crave blood." See also Russia Considers Going Progressive... When It Comes To Tax Forbes, and Russian FM Provides Anti-Offshore Law Update … [Read more...]
Links Jul 31
Vulture Funds: The Lawsuit Against Argentina And The Challenge They Pose To The World Economy CEFID-AR A view from Argentina. See the original version in Spanish here. Luxembourg tax regime: Under siege Financial Times (paywall) "The low-tax system that has brought great prosperity to the … [Read more...]
Links Jul 30
Go after bigwig tax cheats The Jamaica Gleaner Indian Government revamps I-T tech for overseas tax information sharing The Times of India The EU Should Beware Of Russian Interest In Balkan Banks Forbes Intriguing story involving the tactics of shell companies and "puppet" frontmen. … [Read more...]
Links Jul 29
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...]
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...]
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...]
Macedonia plans to set up tax haven
The Balkan press is reporting a mixed reaction to the Macedonian government's announcement yesterday of plans to create a tax haven in that country. While financial experts are reportedly cock-a-hoop about the plan (who doesn't like a free lunch?), and Prime Minister Nikola Gruevski (pictured) says … [Read more...]
