Expert committee urges Panama to reform financial services industry ICIJ EU consultation on disincentives for advisors for potentially aggressive tax planning schemes STEP New Law: Luxembourg to offer easy visa for ultra-rich Luxemburger Wort … [Read more...]
Secrecy
Links Nov 17
ICRICT's new report and recommendations on tax competition Global Alliance for Tax Justice ‘There’s an inordinate amount of preference being shown to multinationals and to prices’ The IrishTimes 'The Government’s reaction to the EU Apple tax ruling exposes a disconnect between tax and human … [Read more...]
Links Nov 15
International Tax Justice Academy (ITJA) 2016 - links to presentations Switzerland, Austria To Terminate 'Rubik' Withholding Tax Agreement Tax-News For announcement from Swiss Federal Council, see here. See also our 2014 blog on the Swiss/UK deal: Swiss “Rubik” secrecy deal – let’s make sure those … [Read more...]
Links Nov 11
Gender and Tax in Africa Workshop, Accra, 9-11 November 2016 International Centre for Tax and Development (ICTD) (Includes links to presentations) Trump and Taxes Bloomberg Gadfly 'International cooperation is needed to avoid sparking tax wars'. See TJN comment on tax wars here. Whistleblower … [Read more...]
Links Nov 9
EU Can't Afford to Fudge Tax Haven Blacklist Oxfam International via Common Dreams See also: Eurodad reaction to Council Conclusions on EU tax haven blacklist, and EU agrees screening process for tax havens, critics cry foul Reuters Multinationals still able to use ‘double Irish’ tax arrangement … [Read more...]
Links Nov 7
Pakistan’s Supreme Court hears PM’s Panama Papers reply ICIJ See also: Pakistan: Federal Board of Revenue breakthrough unlikely in Panama leaks probe The Express Tribune New Zealand: Urgent money laundering crackdown post Panama Papers seems to have slowed tvnz Argentina: The government is … [Read more...]
A Tax Justice Network How-To Guide on solving secrecy risks around Trusts
The Tax Justice Network has today released a new report: The case for registering trusts - and how to do it. Many people would have you believe that solving secrecy risks around trusts is impossibly complicated. Now we show it isn't. Another objection often raised is that it's not worth the cost. … [Read more...]
Dissecting the Cayman Islands Offshore Financial Centre: small place, big money
We welcome this latest research on the under-researched Cayman Islands, an Offshore Financial Centre (OFC) 'with foreign assets amounting to over 1500 times Cayman's domestic economy.' As we so often explain, while Switzerland currently tops our Financial Secrecy Index, if the UK and its Crown … [Read more...]
Links Nov 3
Domestic Resource Mobilisation and Illicit Financial Flows Global Alliance for Tax Justice Hong Kong money laundering and terrorism financing reports hit record high South China Morning Post Ukrainians shocked as politicians declare vast wealth Reuters In 44 years, India lost at least Rs 17 … [Read more...]
Trial of whistleblower Rudolf Elmer breaks open Swiss banking secrecy at a new level
Swiss banking whistleblower Rudolf Elmer has done much to pierce the veil of banking secrecy that has protected financial criminal activity for so long. For that he has been imprisoned, victimised, and his family has been harassed. His reputation has been systematically ripped apart in a way that we … [Read more...]
Links Oct 28
Tax Haven Free Zones in Spain Global Alliance for Tax Justice Aggressive tax avoidance raises risks for investors Financial Times (subscription) Is the Kenya Revenue Authority finally finding its feet on fighting tax evasion? Standard Media EY Created Facebook’s Tax Plan. And Lo, It Was Good, … [Read more...]
Links Oct 26
Despite global efforts in fighting tax dodging: ever more money hidden in tax havens Sven Giegold Developing Countries and International Institutional Architecture on Financial Transparency: Global Forum on Transparency and Exchange of Information for Tax Purposes CBGA A Conversation with … [Read more...]
The OECD information exchange ‘dating game’
The automatic exchange of information between countries' tax authorities has been trumpeted as a game changer for the fight against tax evasion. But the publication of the latest data shows that many countries, including some tax havens, are being very selective about who they are choosing to share … [Read more...]
Links Oct 24
UN Expert Urges Next UN Chief to Focus on Ending Tax Havens ABC News France: Constitutional Council rejects register of trusts Challenges (In French) The anatomy of the Cayman Islands offshore financial centre: Anglo-America, Japan, and the role of hedge funds Review of International Political … [Read more...]
Links Oct 21
Number 1 recommendation of Independent UN Expert's report is for a UN Global Tax Body Global Alliance for Tax Justice BRICS on #taxjustice Global Alliance for Tax Justice European commission to resurrect overarching corporate tax proposals The Guardian UK’s failure to rein in tax havens hinders … [Read more...]
