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

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 […]


Will the G20 ever end the global problem of tax avoidance and tax evasion?

HamburgAhead of the G20 Summit in Hamburg this week our own George Turner has published this op-ed in the German newspaper Die Tageszeitung today. The article discusses why, despite sustained political engagement from world leaders, we are still some way from solving the problem of tax avoidance and tax evasion. Here’s an English translation of the article:


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