Links May 9

European Parliament election candidates must side with the people not the multinational tax dodgers! Eurodad

India: No info beyond tax pact: Swiss government Business Standard
“Swiss government’s latest response comes against the backdrop of Finance Minister P. Chidambaram shooting off another letter to his Swiss counterpart.”

Vodafone seeks arbitration in India tax dispute BBC

Barbados Central Bank Governor to recommended Government scrap VAT Nation News
A view shared with the Bahamas – see their story here and here.

IRS grants 18-month FATCA respite to foreign banks who act in ‘good faith’ STEP

Pfizer case stirs unease at UK tax haven charges Financial Times (paywall)
On how “footloose companies are exploiting the UK’s tax system without bringing jobs”, despite the UK government’s claim to be tackling international tax avoidance. See also: Pfizer under pressure from US on tax loophole The Telegraph “Powerful US senator vows to “act fast” to close the tax loophole which would allow Pfizer to redomicile to Britain”, and Viagra Maker Should Learn to Love America Again Bloomberg View

Tax driven deals are made in hell, as Publicis-Omnicom proves Tax Research UK

The $13 Billion Mystery Angels – A Tangled Web of Charity Bloomberg Businessweek

Emirates Securities and Commodities Authority, Jersey Financial Services Commission, sign MoU Emirates 24/7

BVI Financial services watchdog sees drop in reports of ‘suspicious’ activity The BVI Beacon

JPMorgan closing accounts of foreign diplomats in U.S. – FT Reuters
Closing accounts due to compliance costs, but: “The ban does not apply to JPMorgan’s private bank, which caters to wealthy clients.”

New head of Italian oil giant Eni must explain role in corrupt Nigerian oil deal at AGM Global Witness


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New Report: HMRC’s “Building our Future” programme

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Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 

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