Money laundering: Own up, owners The Economist
Insight into the status and potential of beneficial ownership transparency, following this week’s European Parliament vote “to back open registers for companies, trusts, foundations and practically any other corporate vehicle or legal arrangement that is deemed to be open to abuse”, examining why “for trusts, this would mark a sea change in disclosure”.
The great corporate cash-hoarding crisis Al Jazeera
David Cay Johnston on how companies are turning a profit on their taxes. See also: Uncle Sam is paying US companies to borrow their tax-sheltered cash Quartz, and Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax Bloomberg
Luxembourg Says Savings-Tax Deal Still Possible by End of March Bloomberg
See also: Luxembourg blocks EU tax transparency (again) Financial Secrecy Media Monitor
Turkish PM refutes claims of accounts in Swiss banks Hurrriyet Daily News
India: Many HSBC swiss account holders may escape income-tax net The Economic Times
Australia: Bank deal with Switzerland of no use catching former tax cheats: Treasury Sydney Morning Herald
Argentina signs agreement with Switzerland to access bank data La Nacíon
But Switzerland refuses automatic exchange of information, the agreement provides for on-request only. Hat tip: Jorge Gaggero.
Over US$318mn in taxes paid, Google responds to Brazil’s communications minister Brazilian American Chamber of Commerce
See also: Brazil tries to grasp online cross-border taxation ZDNet
Zimbabwe: Govt Fumes Over Diamond Revenue allAfrica / The Herald
Ukraine: Investigations Mushroom In Kurchenko’s Wake Hetq
Ukrainian ex-billionaire, suspected of being a front man for overthrown President Viktor Yanukovych’s family, had companies registered offshore that are accused of trading in oil products using a tax evasion scheme costing Ukraine’s government an estimated US$1 billion in lost revenues.
Bahrain news: Investment bank to fund USD 3 billion “financial park” in Tunisia Financial Secrecy Media Monitor
CBC Sunday Edition Talks Tax Fairness Canadians for Tax Fairness
Apple iTax: made in Ireland, designed in the US The Conversation
British Virgin Islands, US Close to Signing FATCA Agreement Caribbean Journal
UK: One Direction urge fans to lobby George Osborne about corporate tax avoidance The Independent
Pop band with 18 million Twitter followers move into tax justice activism through Global Citizen, meanwhile, structuring their finances in Ireland.