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 research on key role major economies play in global tax avoidance

offshore-network_colorcorrectedAn important new study on Offshore Financial Centres (OFCs) from the University of Amsterdam has made some fascinating discoveries, challenging, as the Financial Secrecy Index has, the popular misconception that tax havens are only palm fringed little islands and exposing that in fact major economies play a key role in global tax avoidance. Specifically they’ve […]


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 […]


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 […]


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 […]


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 […]


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top