Links Feb 28

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

Kenya: Tax Holidays Abused, Says NGO allAfrica

Why Isn’t Africa’s Economic Growth Benefiting The Poor? Atlanta BlackStar

Automatic Information Exchange: Brief media updates from Liechtenstein, Luxembourg and Switzerland Financial Secrecy Media Monitor

Switzerland Caught Napping On AEI Developments Tax-News
See also recent blog Automatic info exchange: will Europe’s spoilers soon play ball?

Swiss bankers say tax evasion was ‘a business model’ The Telegraph
“Banking group hits out at Credit Suisse chief executive after he tells US that alleged tax schemes were due to a few dishonest employees”. See earlier blogs on the Credit Suisse scandal here and here.

Swiss investigate Yanukovych for money laundering swissinfo
“The Swiss authorities have frozen all assets of Ukraine’s deposed president, Viktor Yanukovych, and launched a money laundering investigation into him and his son.”  See also: IMF responds to Ukraine bid for financial aid Al Jazeera. Again the same question as ever, is how is it that the assets were accepted into the Swiss banks in the first place? Another question: why haven’t the Swiss investigated Mexican drug lord & other alleged criminals assets exposed by whistleblower Elmer?

China / Hong Kong / Macau: Tax collectors exchange data to close loopholes South China Morning Post
“The exchange of information would be another compliance burden for Hong Kong financial institutions and would increase the risks and costs of servicing global, mobile and wealthy customers, said Tracy Ho, Ernst and Young’s Hong Kong and Macau tax managing partner.”

ICIJ Denounces Brutal Attack on Ming Pao Editor

Reflections on the ICIJ’s Expose on Chinese Princelings’ Offshore Holdings The Global Anti-Corruption Blog

New Zealand Government Pledges Crackdown On Cross-border Tax Avoidance Bernama\
See also: Multilateral Tax Convention Enters Into Force In NZ Tax-News

Iceland Introduces Transfer Pricing Framework Tax-News
Iceland’s new transfer pricing legislation is based on the arm’s length standard. See TJN’s Transfer Pricing page for information on alternative approaches.

Jesse Jackson: Big Money Lobbying Protects Big Tax Havens The Washington Informer

Italy cancels “Google tax” on web companies Reuters

Irish Opposition Questions EU On Corporate Tax Probe Tax-News

Greek shipping tycoons threaten to set sail over tax privileges The Guardian

UK: Serious Fraud Office admits tax error behind request for more funding The Financial Times

G20 Finance Ministers: crises brewing, but little action Eurodad

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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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