Links Jan 27

   0   0 Blog, Corporate Tax, Finance Sector, Secrecy

China to step up international co-operation in fight against tax evasion South China Morning Post
“Amid revelations about use of offshore havens, the mainland’s tax commissioner plans greater international co-operation to pursue evaders”. See also: How We Did Offshore Leaks China ICIJ

How to Halt the Terrorist Money Train The New York Times
Op-ed by Robert Mazur: “I have seen this firsthand. I was a federal agent for 27 years and worked undercover as a money launderer within this murky realm for five of them.”

Switzerland: Over 100 institutions sign up for US programme swissinfo

Austria Hails Swiss Tax Deal A “Resounding Success” Tax-News

CEO of Swiss bank at Davos: “in five years bank secrecy will be irrelevant” Financial Secrecy Media Monitor
See also: Switzerland to play active role in tax info sharing standards Business Standard Positive statements, good news if genuine intent.

Congo’s decision to suspend passage of oil law through parliament is good news Global Witness

Ghana puts plans for mining windfall tax on hold Reuters

If people want to put their money offshore, they’ll find a way to do it Spy Ghana
On ActionAid’s call on British giant bank Barclays to stop promoting tax havens in Africa.

Taiwan: DPP calls for taxation justice Taipei Times

Call by Israeli legislators to tax Google more heavily Financial Times

U.S.: The Bennet-Blunt Corporate Tax Amnesty Must Be Stopped Citizens for Tax Justice

U.S.: Fortress Secrecy – No News Here The Tax Analysts Blog
On “Tax Analysts’ ongoing efforts to investigate what did and didn’t happen in the IRS’s self-admitted abuse of power in reviewing the tax-exempt applications of mostly conservative groups.”

SEC Charges KPMG With Violating Auditor Independence Rules U.S. Securities and Exchange Commission
Hat tip: Offshore Watch

UK Prime Minister Cameron: laws won’t make firms pay fair share of tax The Telegraph
“Prime Minister says accountants and lawyers should stop trying to bend tax rules”

Panama: A paradise other than a tax haven? Le Journal International (In French)
Panama is ranked at 11th position on the 2013 Financial Secrecy Index, assessed towards the top end of the secrecy scale.

Monaco pay €50m to France to stay in Ligue 1 – exempted from French tax The Guardian

Bahamas: RBC Royal Bank welcomes 1,800 bankers from around the world Bahamas Islands Info
RBC rewards employees’ job performance with cruise to Bahamas, and “as part of the festivities” presents donations of $10,000.00 each to the Royal Bahamas Defence Rangers Programme and the Royal Bahamas Police Force Summer Youth Programme. Illustrates cosy relationship between banks and government? – see recent blog The Bahamas – Another Captured State?

Related Posts

Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL ( or CC BY 3.0 (], via Wikimedia CommonsComing out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland’s tax haven status? A new paper by Heike Joebges of the University […]


New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]


Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 


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