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.”


Related Posts

The Offshore Wrapper: the Panama Papers, one year on

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceWelcome to the Offshore Wrapper – your weekly update from TJN.  Happy Paniversary! This week it’s been one year since the Panama Papers were leaked, and a number of organisations around the world have been marking the occasion though the global week of action for tax justice. In London, activists from the TJN and the […]

READ MORE →

Protesting PwC: Professionals Without Conscience

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceThis week is the global week of action for tax justice and on Wednesday 5th April activists from the Tax Justice Network and Methodists for Tax Justice held a protest outside the London offices of Price Waterhouse Coopers. The global week of action for tax justice is happening one year after the release of the […]

READ MORE →

Germany moves forward on corporate transparency

ReichstagThe Bundesrat has today voted to recommend implementing a public register of the beneficial ownership of companies and trusts.  Great news from Germany, as the country takes an important step forward towards corporate transparency.

READ MORE →

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]

READ MORE →

Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top