Links Mar 31

Lord Blencathra’s contract with Cayman Islands stated he would lobby MPs and Lords The Bureau of Investigative Journalism
A senior UK politician who denied he had ever lobbied MPs and peers on behalf of a Caribbean tax haven had signed a £12,000 per month contract that stated he would do so. See also: Tory lord faces new probe as Cayman’s UK frontman Cayman News Service

Swiss banks: Swissness is not enough – Big and small must adapt to survive The Economist
See also: Swiss Bank Pictet Opens Office in Munich for German Clients Bloomberg Businessweek

Switzerland: Indian complaint over secret accounts confirmed swissinfo

Caterpillar to face U.S. Senate panel on offshore taxes Reuters
See also: Caterpillar Probe Centers on Swiss Unit The Wall Street Journal

Cyprus news: Ukraine-related sanctions seen as “a joke” on Russian haven Financial Secrecy Media Monitor

‘Last chance’: Australian Tax Office amnesty for offshore cash The Sydney Morning Herald

Luxembourg, US Sign FATCA Deal Tax-News
See also: East Caribbean States Negotiating US FATCA Pacts Tax-News

OECD barks on tax – but can it bite? The Irish Times
“Introduction of new rules could have enormous implications for Ireland’s success in attracting multinational employers”

Liberia: More Money for Education? Let’s Start With Tax allAfrica / The New Dawn

China seizes $US14.5bn assets linked to ex-spy chief Zhou Yongkang – report The Guardian

Swiss Soccer Club Invoked in FIFA Ruling on ‘Tax Havens’ Bloomberg

Priests damn Google on tax The Sunday Times

U.S. More proof corporate tax cuts have done more harm than good Press TV

Canada: Quebecor companies registered in Delaware prompt questions CBC

After years of probes, SEC fraud trial over Texas tycoons to start Reuters
The SEC accused the Wylys in a 2010 lawsuit of using offshore trusts and subsidiary companies in the Isle of Man and the Cayman Islands to conceal the sale of more than $750 million in stock sales.

UK: HMRC Increases Amount of Tax Suspected to be Underpaid Through Transfer pricing The Economic Voice

UK: A fifth of UK big businesses pay no corporation tax Financial Times (paywall)
Reporting on the National Audit Report on Tax Reliefs, which also found that 21 per cent of all corporate tax in 2011-12 was paid by only 35 of the UK’s 975,000 companies.

UK: Peer wants crackdown on Prince Charles’ tax and financial perks Western Morning News

Tullow’s tax disclosures torpedo Big Oil’s campaign for secrecy Global Witness


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