Playing away The New York Daily News has run a gripping piece about Chuck Blazer, former head of the North and Central American Football Federation CONCAF, and former member of Fifa’s executive committee. … [Read more...]
The Offshore Wrapper
The Offshore Wrapper: a week in tax justice #37
China hits out against tax avoidance from multinationals The G20 Brisbane summit is just one month away. Two stories this week remind us that some of the fiercest critics of the offshore system are developing countries such as China and India. … [Read more...]
The Offshore Wrapper: a week in tax justice #36
Irish accountants’ eyes are smiling The Double Irish, a giant gaping hole in the global tax system centred on Ireland, may be coming to an end. The bizarre rule allowed companies to be resident in Ireland but tax resident somewhere else, like for example, Bermuda. … [Read more...]
The Offshore Wrapper: a week in tax justice #35
Tax Justice Network Africa launches legal challenge on Kenya government The Tax Justice Network Africa has launched a legal challenge to the Kenyan government’s double taxation agreement with Mauritius. … [Read more...]
The Offshore Wrapper: a week in tax justice #33
Desperate times call for desperate accountants Ernst & Young is encouraging its corporate clients to lobby governments to water down ongoing reform of the international tax system. … [Read more...]
The Offshore Wrapper: a week in tax justice #33
America is haunted by phantoms An anonymous company is a brilliant way of hiding wealth and covering up all kinds of dodgy business. They are hugely popular in the more sophisticated circles of the criminal world. … [Read more...]
The Offshore Wrapper: a week in tax justice #32
Ali Baba and the Chinese princelings Alibaba, the Chinese online business, last week raised $25bn in what is now the world’s largest ever stock market flotation. This values the company at more than Amazon and Facebook. … [Read more...]
The Offshore Wrapper: a week in tax justice #31
Offshore deals worth £80bn sealed in just three months New data from Appleby shows that offshore deals jumped in the last quarter making the three months to June one of the highest value quarters for offshore deals in the last ten years. In total US$80bn of mergers and acquisitions were … [Read more...]
The Offshore Wrapper: a week in tax justice #30
Fifa ate my hamster There has been much media coverage of the many millions allegedly paid in bribes to secure the rights to hold the 2022 Football World Cup in Qatar. These include evidence of an alleged $1.2m payment from a Qatari company involved in the bid to Jack Warner a Fifa executive … [Read more...]
The Offshore Wrapper: a week in tax justice #29
Scotland to become Europe’s latest tax haven? People in Scotland have already started voting in the referendum on whether to separate from the United Kingdom and become a separate country. But as well as becoming Europe’s newest country, could Scotland also become Europe’s newest tax haven? … [Read more...]
The Offshore Wrapper: a week in tax justice #28
US and African leaders talk tough on illicit finance Last week saw the Africa-US summit meeting in Washington DC. The Summit was an opportunity for President Obama and his officials to meet many African heads of state. It was also a shot in the arm for Africa’s airline industry. The welcome news … [Read more...]
The Offshore Wrapper: a week in tax justice #27
A Messi affair The ongoing tax affair with the world’s top footballer Lionel Messi rolls on. Two weeks ago the Tax Justice Network Germany reported that a Barcelona court had confirmed proceedings against Lionel Messi for tax evasion. He is accused of using a series of shell companies based in … [Read more...]
The Offshore Wrapper: a week in tax justice #26
Maverick puts corporate inversions in the firing line Mark Cuban, the billionaire American investor and owner of the Dallas Mavericks, took to Twitter last week to say he would be dumping shares in any company that moves offshore for tax purposes. … [Read more...]
The Offshore Wrapper: A week in Tax Justice – 25th Edition
The Offshore Wrapper is written by George Turner To subscribe sign up here: http://www.taxjustice.net/offshore-wrapper-signup/ “We do not want to become another Cyprus” The former Yugoslav republic of Macedonia is about to become the latest combatant in the tax wars. Prime minister … [Read more...]
