Credit Suisse, BNP Paribas U.S. Charges Said to Be Weighed Bloomberg Businessweek "Prosecuting the companies would break with a past practice of brokering settlements with large banks that are considered integral to the financial system." See also: Two Giant Banks, Seen as Immune, Become Targets … [Read more...]
Secrecy
Avaaz on Jersey: give the tax thieves nowhere to hide
From Avaaz, a new campaign: Jersey is trying to get away with limited implementation of the G8's tax transparency reforms. I worked in Jersey’s government, and know a deluge of messages from across the UK will surprise them. Write what you feel about tax dodging, and draw from the points below. … [Read more...]
Links Apr 29
India: Govt refuses to name account holders in tax haven despite Supreme Court order The Times of India "Why is the government reluctant to share the names of Indian tax evaders having accounts in LGT Bank in Liechtenstein with the Supreme Court even when it amounts to contempt of court?". See … [Read more...]
Links Apr 28
International community continues making progress on tax transparency OECD Global Forum on Transparency and Exchange of Information for Tax Purposes issues 12 new reports. See here for background and resources on Information Exchange Bahamas claims FATCA exemption for foundations STEP "The … [Read more...]
The Offshore Wrapper: A week in Tax Justice
The Offshore Wrapper is written by George Turner "In Formula One, everyone cheats. The trick is not to get caught." … [Read more...]
Links Apr 25
UK Prime Minister's letter to the Overseas Territories on beneficial ownership See also: Transparency call to 'tax havens' The Courier, recent TJN Blog On Britain’s new honesty box for corporate fraudsters, and Turks and Caicos Islands Considers Public Beneficial Ownership Register Tax-News … [Read more...]
Links Apr 24
India to provide info on US tax evaders Business Standard "However, US refuses to share data on foreign assets of Indian entities" … [Read more...]
On Britain’s new honesty box for corporate fraudsters.
From Prof. Prem Sikka: "Some 4,000 individuals appearing on international lists of alleged fraudsters, money launderers, terror financiers and corrupt officials were directors of UK registered companies in 2008 (the most recent data)." … [Read more...]
Links Apr 22
G20 tax reform mired in shadowy world of lobbying The Conversation UK: The government has created a new honesty box for corporate fraudsters to disclose their crimes and I guarantee not one will Tax Research UK See also: Business Secretary Vince Cable presses ahead with public register on … [Read more...]
Links Apr 17
Comments received on discussion draft on Tax Challenges of the Digital Economy published OECD NY regulator subpoenas Credit Suisse in U.S. tax probe: source Reuters … [Read more...]
Links Apr 15
EU: Šemeta In Final EU Tax Harmonization Push Tax-News Offshore companies banned from Bulgarian agriculture land ownership farmlandgrab.org … [Read more...]
The Offshore Wrapper: A week in tax justice
The Offshore Wrapper is written by George Turner Nigeria – failed state? Recently Nigeria almost doubled its GDP in a day, showing that strong growth in a time of global economic malaise is still possible - on paper at least. … [Read more...]
Links Apr 14
The BEPS Monitoring Group Submission to the OECD on the Digital Economy Rudolf Elmer's open letter to Mr. Martin Graf, Swiss Government Councillor See also our recent blog: Show trial of Swiss whistleblower Elmer now in 9th year, and Julius Baer to remain a boutique despite dramatic size … [Read more...]
Links Apr 11
Country-by-Country Template Won't Require Entity-by-Entity Financial Details, Andrus, Head of OECD's Transfer Pricing Unit Says Bloomberg BNA See recent TJN blog Submission to OECD on transfer pricing and developing countries … [Read more...]
Links Apr 10
Argentina tax chief Ricardo Etchegaray met with Swiss Ambassador La Nacion (In Spanish) Hat tip: Jorge Gaggero - the "tax cosmetics" continue. See also recent Guest blog: Should Argentina sign a tax treaty with Switzerland? … [Read more...]
