Links Apr 8

Getting the rules right – Interview with John Christensen, executive director, Tax Justice Network Cayman Financial Review

Banker Dumps Wall Street to Boost Taxes on New York Rich Bloomberg

UBS Hired 88 Wealth Advisers in Asia This Year After Assets Rose Bloomberg
See also: Brazil news: Swiss private bank Julius Baer snaps up country’s largest independent wealth management firm Financial Secrecy Media Monitor

Credit Suisse Is Said to Be Facing Double-Barreled Inquiries Dealb%k
See also: Lawsky Said to Probe Credit Suisse Role in Tax Evasion Bloomberg, and Credit Suisse Takes Big Charge Tied to Tax Probe The Wall Street Journal “Credit Suisse Group AG set aside over half a billion dollars to help cover a possible settlement with U.S. authorities probing its alleged role in assisting tax evaders. The Swiss lender also gave its chief executive a big raise.”

U.S.: Tax extenders: The biggest budget buster you’ve never heard of The Hill
See also: Congress Prepares To Give GE A Big Tax Break Yahoo Finance, and Corporate offshore loophole back in U.S. Senate tax package Reuters, and 1,359 Lobbyists Agree: Corporate Tax Breaks Should Be Passed in Secret Americans for Tax Fairness

US confirms it made ‘Cuban Twitter’ BBC
Covert scheme used companies set up in Spain and Cayman Islands

Luxembourg news: 2000 jobs lost due to end of bank secrecy? Financial Secrecy Media Monitor

Switzerland Must Catch Up with the Global Transparency Trend Africa Progress Panel

Tackling Russian tax havens Economia
“The Russian government is targeting capital outflow with new draft controlled foreign company rules”

South Africa: Disclosure Rule Surpasses FATCA Needs Tax-News

HP Pakistan executives arrested on suspicion of corporate tax evasion The Recycler

Double Irish Tax Planning Under OECD’s Scanner Tax-News
See also earlier blog Submission to OECD on transfer pricing and developing countries

TJN Germany Blog – News Links

NGOs urge EIB to release report on GlencoreXstrata mine Thomson Reuters
See also recent blog European Investment Bank exposes “hypocritical nature of western financial institutions”

Fighting “Hot Money” and Capital Flight in Costa Rica Costa RicaStar

Italian Tax Agency Claims Tax Enforcement Progress Tax-News

Portugal ramps up fight against tax evasion with fancy cars draw Thomson Reuters

UK: Microsoft secures five-year deal with Government to help whittle down firm’s tax bill This Is Money

UK: House of Lords report criticises National Health Service tax avoiders Financial Times (paywall)
“Top civil servants in the health service continue to be employed “off-payroll” despite a crackdown on the use of personal companies in the public sector.”

HSBC has ‘much work’ to do on anti-laundering fixes, U.S. says Reuters

Murdered Liechtenstein Bank Chief Had Sued Suspect for Extortion Bloomberg

Meet 5 Greedy Big Businesses That Rip Off Taxpayers Alternet


Related Posts

New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]

READ MORE →

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. 

READ MORE →

Leave a Reply

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

Back to Top