Links Mar 21

Luxembourg Signs Up to EU Savings-Tax Agreement, Ending Deadlock Bloomberg
Bettel: “With Austria, Luxembourg can go ahead and give the green light for the EU savings directive”. See also: Austria, Luxembourg Accept EU Bank-Secrecy Law The Wall Street Journal – Bloc Promises to Push Switzerland, Four Other Countries Into Signing Similar Deal

The world’s youngest billionaire appears to be a human tax dodge Quartz

Offshore Web Nets Chinese Giant in Italian Solar Scandal ICIJ

Dominique Strauss-Kahn, former IMF head, joins board of Rosneft-owned Russian bank The Telegraph
See also: Dominique Strauss-Kahn’s hedge fund is far from the first brash comeback in finance Quartz

Kazakhstan to combat capital flight offshore Business News Europe
“… a Kazakh deputy proposed the country should create its own offshore zone, in a bid to keep capital from leaving the country … He noted that a Russian plan for an offshore zone in the far east creates additional risk of capital flight, as there will be no restriction within the Customs Union.”

Treasury Sanctions Russian Officials, Members Of The Russian Leadership’s Inner Circle, And An Entity For Involvement In The Situation In Ukraine U.S. Department of the Treasury

Kenya plans tax breaks to lure textile firms Business Report

Canada – BVI tax treaty is now in force STEP
Treaty introduces “a very favourable tax regime for income remitted from BVI-resident companies to their Canadian parent”

UK Treasury backs global overhaul of tax rules for multinationals Financial Times

Argentine Official Meets FIFA’s Blatter on Soccer Tax Avoidance Bloomberg

Zimbabwe: Public executives in tax evasion scam SW Radio Africa

Lessons of a German Tax Cheat The New York Times
Comparing tax cheating culture in Germany and Greece.

Italy: Renzi vows crackdown on tax dodgers Gazetta del Sud


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New research on key role major economies play in global tax avoidance

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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

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