Links Feb 13

   0   0 Blog, Corporate Tax, Finance Sector, Inequality & Democracy, Secrecy

OECD takes aim at tax anomalies across borders Irish Examiner
OECD head Ángel Gurría said: “… the options are simple: If you cannot tax the big guys you are left with the little guys and middle class to tax, and even if you tax them up to their noses, it won’t be enough. And then politics becomes impossible.”

CEOs understand need to be seen to play fair on tax The Irish Times
See also, on a story linked earlier, New research makes it plain that Ireland is a tax haven Quartz

Are European Corporate Tax Havens Benefiting From State Aid? Investing.com
See also: EU antitrust chief says looking into corporate tax loopholes Reuters

City fund managers waking up to the risks of tax opacity International Tax Review
ActionAid’s Mike Lewis discusses why bondholders, and not just activists, now care about aggressive tax practices.

Swiss banks welcome global tax standard swissinfo
Note however Swiss demands for reciprocity, explained in our blog earlier today TJN responds to new OECD report on automatic information exchange

A unique opportunity for UK citizens with undeclared offshore accounts: act now! Financial Secrecy Media Monitor
A very good satirical take on the Liechtenstein Disclosure Facility

British Virgin Islands news: UK court rules against “serial avoidance promoter” Financial Secrecy Media Monitor

Jersey’s First Challenge Against Disclosure Under A Tax Information Exchange Agreement mondaq

Uruguayan banks to stop accepting cash deposits and close suspicious accounts STEP
“Uruguayan banks have long been used by Argentine taxpayers to deposit savings.” See the story reported in Spanish here.

StanChart to Offload Swiss Private Bank The Wall Street Journal
But, “still aims to grow its private banking in other financial hubs” including Singapore, Hong Kong and London. See also: Barclays says its Swiss private bank is part of U.S. tax deal Reuters

A commonsense solution for money laundering euractiv
Op-ed on beneficial ownership transparency by former chairman of Anglo-American and Shell

IBM’s Nonsensical Response to CTJ’s Finding that It Paid a 5.8 Percent Effective Federal Tax Rate Citizens for Tax Justice

Google overseas tax bill rises as UK sales hit $5.6 billion Reuters

Global Financial Governance & Impact Report 2013 New Rules for Global Finance

Economist calls for just tax system GhanaWeb
More reporting on a story linked yesterday.

Governments and Activists are Fighting the Corporate “Right” to Sue Governments naked capitalism
“Over the past several decades, multinational corporate Goliaths have helped to write and rewrite hundreds of rules skewing tax, trade, investment and other policies in their favor.”


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