Links Apr 22

Big auditors must be made accountable to the public The Conversation
Prem Sikka puts forward proposals to strengthen public accountability of auditing firms, arguing that such reforms can save them from their own follies.

Major companies concerned over OECD’s plans for global tax reform Irish Independent

Indian Ocean island State to blame for the soaring taxation on Kenyans through heavy consumption taxes Standard Media

Australian Tax office ‘serious’ about profit shifting The Australian

Cayman Premier touts for business Cayman News Service
See also: Cayman Islands Is The New Switzerland, But Not The Way You Think Forbes

Iran Gets an Unlikely Visitor, an American Plane, but No One Seems to Know Why The New York Times
Mystery American plane owned by a trust, with trustee Bank of Utah.

Measuring Rates of Return for Lobbying Expenditures: An Empirical Case Study of Tax Breaks for Multinational Corporations Social Science Research Network

Tax loopholes allow US firms to siphon $206bn offshore Irish Independent

Amazon’s tax-free European profits drop after IRS clamp-down Reuters

Giorgio Armani settles £222m tax dispute with Italy The Guardian

U.K. Tax Authorities Question Banks on VAT Swindlers Bloomberg
Jesse Drucker reports on possible tax fraud in the UK’s 40 billion-pound ($67 billion) power trading markets.

UK: On the sale of HMRC taxpayer data Tax Research UK

London 2012 Olympic shopping mall makes £40million profit but pays just £211,000 in tax Mirror

10 year old daughter of World Cup official had £2m put into account The Telegraph

How to Tax the Rich – in 10 Easy Steps The Huffington Post

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