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.

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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