Links Apr 28

International community continues making progress on tax transparency OECD
Global Forum on Transparency and Exchange of Information for Tax Purposes issues 12 new reports. See here for background and resources on Information Exchange

Bahamas claims FATCA exemption for foundations STEP
“The recent negotiating trip to Washington resulted in a ‘sponsored exemption’ for foundations, as well as a previously granted exemption for trusts with a professional trustee”

UK Company ownership register will name ‘controlling’ trust beneficiaries STEP
See also recent blog On Britain’s new honesty box for corporate fraudsters

Russian Billions Scattered Abroad Show Trail to Putin Circle Bloomberg

‘India, Switzerland studying ways to share info on black money’ The Hindu

Luxembourg Challenges EC Over Tax Information Injunctions Tax-News

UK ‘a tax haven for multinationals’ BBC
See also recent blog: Fiat moves tax domicile to tax haven UK – but will it create jobs?

Google’s Latest, And Possibly Very Expensive, Argument With The French Taxman Forbes

Pfizer must be questioned about its tax affairs if the $100bn takeover bid for AstraZeneca goes ahead This Is Money
See also: U.S. Treasury Seen Loser in Tax-Avoiding Pfizer Deal Bloomberg

Amazon UK boss defends tax arrangements: How can following the law be unfair? The Guardian

India may sign transfer pricing pacts with Japan, UK Live Mint

Ireland a favourite tax bolthole as firms continue to leave US Independent

Britain’s Fraud agency opens investigation into Ukraine money laundering Reuters
See also: The March 2014 Taxcast: Russia, Ukraine, Londongrad

Australia and U.S. sign agreement to counter tax avoidance Reuters

Former China Resources chief Song Lin linked to two tax haven companies South China Morning Post

Too Big to Jail Newsweek
David Cay Johnston on Bill Black.

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