Links Feb 20

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

What Russian money sloshing back to Cyprus teaches us about tax havens Quartz
“Building a financial system to serve foreign clients first doesn’t necessarily improve a country’s fiscal condition, as fiscal collapses in places like the Caymans have shown before.” See also this months Taxcast featuring the Bahamas.

Austria slightly shifts position on banking secrecy Austrian Times

Switzerland to speed up measures against tax evasion EurActiv

Tax Evasion: the agreement with Switzerland was a bitter defeat for the United Kingdom Le Monde (In French)

Taxing rich foreigners: Alpine tax haven fears for its survival swissinfo
More on the growing trend of residence shopping

Singapore, Now World’s Fastest Growing Wealth Management Hub, Not Free From Tax Evasion And Other Crimes International Business Times

Guernsey Targets Emerging Economies mondaq

Ben Chu: Fair Tax Mark is pro-market The Independent

To identify hidden owners Fædrelandsvennen (In Norwegian)
“As many as 130,000 Norwegians may be holding assets abroad that are not registered with the tax authorities, estimates the Norwegian Tax Justice Network in a new report.”

India: All you wanted to know about the Vodafone tax case The Hindu Business Line

Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts U.S. Senate, Permanent Subcomittee On Investigations
Witnesses for the hearing on 26 Feb will include representatives from a Swiss bank and the U.S. Department of Justice.

IRS’s Offshore Voluntary Disclosure Program: 2009 Participation by State and Location of Foreign Bank Accounts U.S. Government Accountability Office (GAO)

The Inequality Debate Heats Up! Huffington Post
Comment by Séamus Finn.

Rich Countries’ Dirty Money Project Syndicate

Australian Prime Minister Tony Abbott must achieve ‘concrete results’ or risk losing G20 influence, says Wayne Swan Sydney Morning Herald
Former treasurer Wayne Swan has warned that Australia risks losing global influence unless this year’s G20 summit achieves concrete results on issues such as multinational tax avoidance.

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