Links Mar 28

Measuring OECD Responses to Illicit Financial Flows from Developing Countries
Report examines OECD’s members progress in tackling money laundering and transnational financial crime. See also: Money laundering, bribery and tax evasion: how to freeze illicit flows The Guardian

Tax: OECD’s Gurría welcomes international progress towards automatic exchange of information
See also: Early adopters commit to new tax info exchange by 2017 Compass Cayman

Exclusive: Pascal Saint-Amans defends OECD’s Common Reporting Standard despite loopholes identified by TJN International Tax Review (subscription)
See TJN’s report entitled OECD’s Automatic Information Exchange Standard: A watershed moment for fighting offshore tax evasion?, and recent blog highlighting a major loophole.

ActionAid calls on African Union to take action to end tax dodging

Tax Coalition Chief: Bahamas Must Be ‘Low Tax’ Tribune242
On recommendations for the Bahamas to position itself as a ‘low tax’ jurisdiction following the examples of Singapore and Luxembourg, and noting that “no tax” jurisdictions will become unsustainable in the next decade. For more on the Bahamas situation, and as it relates to the wider tax haven issue, see here, here, and here.

Data leaks: Going overboard – The British Virgin Islands get tough The Economist
Following the ICIJ data leaks – “The islands have now come up with cybercrimes legislation that slaps a prison term of up to 20 years and a possible $1m fine on anyone, in any country, who leaks or publishes leaked information about a BVI offshore company.” See also: International Press Institute presses for changes to British Virgin Islands bill Journalists could face jail time, fines under cybercrime draft law

Revealed: UK conservative peer Lord Blencathra’s lobbying contract for tax haven Cayman Islands The Independent
See also: Evidence on Cayman Islands lobbying that is worth a second look The Independent

Swiss set to make British ex-UBS banker head of financial regulator Reuters

China likely to seek personal tax details worldwide, say analysts South China Morning Post
“Hong Kong may feel effect of any new law to uncover financial information”. See also: For Americans in China, the Taxman Cometh The Wall Street Journal

Tax havens dying concept: tax commissioner The Australian
See also: ATO launches amnesty for offshore tax evaders ABC

UK: MPs tell Barclays’ tax haven to get out of Africa The Telegraph

The Political Economy of Offshore Jurisdictions

Mixed results for offshore centers, survey shows Compass Cayman

More multinationals head for tax haven The Sydney Morning Herald

Internet groups face global tax crackdown Financial Times (paywall)

Corporate Tax Explorer
Citizens for Tax Justice and the Institute on Taxation and Economic Policy’s one-stop shop for the state and federal data they analyze on corporate taxes.

Related Posts

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]


Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]


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

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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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