Links Apr 25

UK Prime Minister’s letter to the Overseas Territories on beneficial ownership
See also: Transparency call to ‘tax havens’ The Courier, recent TJN Blog On Britain’s new honesty box for corporate fraudsters, and Turks and Caicos Islands Considers Public Beneficial Ownership Register Tax-News

British Virgin Islands: Government agencies sign agreement pledging to work against money laundering Financial Secrecy Media Monitor

Living in Paradise: Q&A with Carlos Spottorno Roads & Kingdoms
On a very interesting project. The piece includes intriguing insights on Luxembourg

Russia Races to Dodge Sanctions by Adapting Law to FATCA The Moscow Times
See also: The new Russia sanctions: Stalled tax talks Politico, and The Art of Financial Warfare: How the West Is Pushing Putin’s Buttons Newsweek

South Africa: Post-election tax policy under scrutiny at Tax Indaba FA News

Mining: Ghana loses millions in tax evasion Ghana Web
See also: Report: Ghana’s rich getting richer; poor getting poorer Ghana Web, and recent TJN Blog New report: Growth in Africa fails to curb soaring inequality

Investment in tax havens rises Inside Korea

Insight: Push for tax-avoidance curbs in G-20 threatens Publicis-Omnicom deal Reuters

G20-BRICS Update: Dueling Visions – Civil Society and the G20 Heinrich Boell Stiftung

Tax dodging is the real scandal at the Barclays AGM Shifting Grounds

Net closing on tax affairs of multinationals Irish Times

Walgreens May Become a “Foreign” Company to Avoid Taxes — But an Obama Proposal Could Stop Them Citizens for Tax Justice

Starbucks suffers first UK sales drop after tax criticism Reuters
See also: Tax avoidance: Are Starbucks and Amazon playing the system? Real Business

Google braced for French tax demand Financial Times (paywall)
“Google faces a tax demand from the French government that could reach into hundreds of millions of euros, the search group said. A regulatory filing confirmed reports earlier in the year that the French authorities objected to Google’s European tax structure, which sees the search and online advertising company recognise revenues through an Irish subsidiary.” See also Jesse Drucker’s original article on the French audit of Google.


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