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 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 […]


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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