Links Mar 19

US Virgin Islands Lures Businesses With Tax Breaks International Business Times
“These generous tax breaks don’t render the Virgin Islands a corporate or offshore tax haven, like such well-known rivals as Bermuda or the Cayman Islands … That’s because the Virgin Islands’ tax benefits are legally sanctioned by the U.S. government, unlike regimes at overseas havens under pressure from a global regulatory crackdown.”

86 multinationals on ATO ‘high risk’ tax hitlist The Sydney Morning Herald

Mining tax: it’s time for all Australians to realise they are being ripped off The Guardian

Africa urged to build fair taxation systems to curb wealth inequality Coastweek / Xinhua

Insight: Swedes tire of tax cuts as welfare state shows strains Reuters

India: Supreme Court dismisses Nokia’s appeal in asset transfer case The Economic Times

Tech firms would pay $89B in taxes if offshore gov’t debt came home ars technica

Hollande ex-minister ‘hid £2 million in Isle of Man’ The Telegraph
“New reports alleging Jerome Cahuzac held another foreign account further embarrasses the French premier and prompt investigation in Britain”

German Minister Seeks Tougher Rules for Tax Cheats abc news

Hoeness case part of ‘painful’ change for bankers swissinfo

Switzerland Passes Anti-Tax Evasion Bill Tax-News

Big banks need point person for money-laundering lapses: regulator Reuters

Greece sends tax inspectors to anger management seminars The Guardian

New York’s Unique Approach To Tax Enforcement Working Tax-News

More evil than genius? How iPad and Google Glass makers are secretly scamming America Salon
“We already knew Google and Facebook were resourceful. But their new scheme to rip off the U.S. Treasury is chilling”

Multinationals Pay Higher Tax Rates Abroad than in U.S. Accounting Today

The winners and losers of Portugal’s golden visa scheme BBC
Another tale of the race-to-the-bottom trend of residency shopping


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Launch of international research collaboration, #AltAusterity

alt austerityToday is the launch of #AltAusterity, a new, international research collaboration of which Tax Justice Network is a partner.  The project aims to stimulate public debate on the subject of austerity though high quality research. It is a response to the lack of evidence which has underpinned the current policy agenda on austerity. The project […]

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RB tax avoidance – company calls for public country by country reporting after Oxfam report reveals profit shifting

pictureOxfam has today released a report on tax dodging by RB, the company formerly known as Reckitt Benckiser and the maker of thousands of well known household products. The report looks at the 2012 restructuring of the company which saw it set up ‘hubs’ in the Netherlands, Dubai and Singapore, all well known corporate tax […]

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Half measures mean Mauritius will continue to be a tax haven for the developing world

MauritiusThere was news this week that Mauritius has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This is an initiative from the OECD to allow countries to take measures designed to stop tax avoidance by multinational companies and put them into their existing network of […]

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G20: Pressure rising on tax haven USA

HamburgWhilst the eyes of the world focused on the isolation of the US from the ‘G19’ position on climate change, something remarkable played out elsewhere in the process. Following closely the common EU position that we highlighted a few days ago, the G20 communique devotes important space to tax justice. It’s so good we quote […]

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Will the G20 ever end the global problem of tax avoidance and tax evasion?

HamburgAhead of the G20 Summit in Hamburg this week our own George Turner has published this op-ed in the German newspaper Die Tageszeitung today. The article discusses why, despite sustained political engagement from world leaders, we are still some way from solving the problem of tax avoidance and tax evasion. Here’s an English translation of the article:

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