Links Apr 11

Country-by-Country Template Won’t Require Entity-by-Entity Financial Details, Andrus, Head of OECD’s Transfer Pricing Unit Says Bloomberg BNA
See recent TJN blog Submission to OECD on transfer pricing and developing countries

Not a palm tree in sight: Some onshore jurisdictions can be laxer than the offshore sort The Economist
See TJN’s Financial Secrecy Index.

Unholy Alliances: How Organized Crime, Government and Business Interact in Montenegro

Swiss unfreeze $40 million of Tunisian assets swissinfo

Russia: A book too far The Economist
Cambridge University Press gets cold feet on publishing book provisionally sub-titled: “How, why and when did Putin decide to build a Kleptocratic and Authoritarian Regime in Russia and what is its Future? See also March 2014 Taxcast on Russia, Ukraine, Londongrad and the offshore threat to global security.

Corruption Warning Looms For Public Natural Resource Funds ICIJ
More on a story linked yesterday

Hewlett-Packard Pays $108m to Settle Money Laundering and Bribery Charges International Business Times
HP has admitted to creating a “slush fund” of shell companies and bank accounts to launder money for bribe payments in order to secure lucrative government contracts in Russia, Mexico and Poland.

Labor Union to Cash Rich Apple: “It’s Tax Time” Mission Local

Australia: Potato boss Paul Rennie ‘can’t recall’ overseas transactions, Federal Court hears The Sydney Morning Herald
Potato king Paul Rennie has told a court he is unable to explain why he sent millions of dollars to tax havens in transactions revealed by a Project Wickenby investigation. For background on Project Wickenby, Australia’s biggest tax sting, see here.

In search of an honest accountancy firm Tribune

Financial institutions must comply with US tax evasion law The China Post

Charities must ask taxing questions of companies they do business with Third Sector

Germany to Give Banks Tax Relief on Subordinated Bail-In Capital Bloomberg Businessweek

Luxembourg Lowers Shipping Registration Levy Tax-News
Read about the context of landlocked Luxembourg’s shipping registry here.

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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