Links Feb 14

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

Tackling tax evasion: First Standard Automatic The Economist
See also: Global tax standard attracts 42 countries Financial Times (paywall) – reports cite TJN’s response to the new OECD report on automatic information exchange

Looted in Plain Sight: Kenya and its Multi-Billion Dollar Invoicing Problem Think Africa Press

Tax evasion: Nigeria’s Finance Minister wants Global Partnership to help cut Africa’s losses Premium Times

Nigeria: FIRS rolls out new tax regime for multinational firms Premium Times

British Virgin Islands’ new law threatens press freedom in Hong Kong, analysts warn South China Morning Post

Peru: BVI registered company investigated for illegal gold mining and money laundering Financial Secrecy Media Monitor

Argentina Files Final Supreme Court Appeal in Global Hedge Fund Debt Case Jubilee USA
“Religious Community Joins IMF, Legitimate Investors and Governments in Opposing Exploitative Hedge Fund Behavior”

The 750 Million Dollar Man Foreign Policy
How a Swiss commodities giant used shell companies to make an Angolan general three-quarters of a billion dollars richer.

Bangladesh: National Board of Revenue forms cell to stop capital flight by MNCs New Age

European Investment Bank commits to review its tax haven policy as CSOs call for greater transparency and accountability Eurodad

Italy Takes San Marino Off Blacklist Tax-News

Portugal’s Bid to Fight Tax Evasion With Free Cars The Atlantic Cities

Corporate Tax 2014: IBM in aggressive avoidance with Dutch help but India pushes back Finfacts Ireland

Ireland chases €135m in tax avoidance Irish Examiner

UK: Lloyds in £1bn tax dispute with HMRC over Irish losses The Telegraph

OECD’s Gurria Says Companies Must End ‘Duty’ to Avoid Paying Tax Bloomberg Businessweek

VAT reform to boost UK Treasury and hit offshore e-commerce Financial Times (paywall)
“Hundreds of extra millions of value added tax from e-commerce are to flow into the UK exchequer as one of the advantages of operating in Luxembourg is swept away.”

Cayman Premier Interviewed on BBC’s HARDtalk (News clip here)
Premier Alden McLaughlin asserts Cayman is well regulated. Interviewer Stephen Sackur observes that part of being confident of regulation is a commitment to transparency, and points out position of Cayman in TJN’s Financial Secrecy Index

Another day, another billion-dollar legal charge for one of the world’s largest banks Quartz
Should banks now publish ‘scandal-adjusted earnings?’

Feds Appeal Ty Warner Sentence Seeking Jail Time For Billionaire Beanie Babies Creator Huffington Post

Football: Maradona Appeals to EU Over Italian 39 Million Euro Tax Bill NTDTV

F1’s Flavio Briatore to face trial over super-yacht tax evasion The Telegraph

Related Posts

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 […]


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 […]


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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