Links Apr 10

Argentina tax chief Ricardo Etchegaray met with Swiss Ambassador La Nacion (In Spanish)
Hat tip: Jorge Gaggero – the “tax cosmetics” continue. See also recent Guest blog: Should Argentina sign a tax treaty with Switzerland?

Nigeria’s Upward Revision of GDP Should Sound Alarm on Tax-to-GDP Ratio Center for Global Development
See also: Sights on Mauritius as B&I advises clients on this new tax haven Business Day – Insights from an event co-hosted by a Nigerian law firm and a Mauritius corporate services firm, just ahead of the signing of the Double Taxation treaty between the governments of Nigeria and Mauritius.

UN official urge African countries to tackle capital flight newBusinessEthiopia

‘Black money’ problem stalks Indian elections swissinfo
Story involves leaked HSBC data. See also:
Greece seeks Swiss co-operation in hunt for tax cheats SETimes

Bahamas: $485m Revenue Boost Via Compliance Norm Tribune 242
Tax coalition co-chair points out: “VAT is saying we just need more money to address the shortfall … You’re doing that by taxing the same people, and ignoring the people that don’t pay taxes”. For the story on the tax justice situation in the Bahamas and the connection with the Finance Curse, see here and here.

Kuwait Prepares To Sign FATCA IGA Tax-News

What I said to Botín in the Santander shareholders’ meeting % attac Madrid (In Spanish)
“Mr. President, tax havens are the most significant reason why people and countries in poverty continue to be poor. Read Nicholas Shaxson’s ‘Treasure Islands’ to understand better what they represent.” Hat tip: Jorge Gaggero.

Guinean corruption inquiry moves to strip diamond billionaire of his “deal of the century” Global Witness

Offshore Accounts: The Next Target The Wall Street Journal (paywall)
An undercover U.S. sting is focusing attention on undeclared accounts in the Cayman Islands.

Cayman: Local money laundering suspects deny charges Cayman News Service

Natural resource funds: the good, the bad, the ugly -report Thomson Reuters

States Pursuing Cash That U.S. Companies Stash Overseas: Taxes Bloomberg Businessweek
See also: Tiny Maine Against Tax-Dodging Multinationals naked capitalism / Benzinga

FT columnist Merryn says Isle of Man is still a tax haven IOM Today

RBC Joins Goldman in Suing Clients After Singapore Crash Bloomberg
Though not fully a tax justice issue in itself, an interesting tale of banks and their clients.

SEC Lawyer on Goldman CDO Case Describes How the Agency Wimped Out naked capitalism

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

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Is tax avoidance at the heart of Ireland’s economic miracle?

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

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Financial secrecy in football: time for action

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