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

Related Posts

The Offshore Wrapper: the Panama Papers, one year on

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceWelcome to the Offshore Wrapper – your weekly update from TJN.  Happy Paniversary! This week it’s been one year since the Panama Papers were leaked, and a number of organisations around the world have been marking the occasion though the global week of action for tax justice. In London, activists from the TJN and the […]


Protesting PwC: Professionals Without Conscience

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceThis week is the global week of action for tax justice and on Wednesday 5th April activists from the Tax Justice Network and Methodists for Tax Justice held a protest outside the London offices of Price Waterhouse Coopers. The global week of action for tax justice is happening one year after the release of the […]


Germany moves forward on corporate transparency

ReichstagThe Bundesrat has today voted to recommend implementing a public register of the beneficial ownership of companies and trusts.  Great news from Germany, as the country takes an important step forward towards corporate transparency.


New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]


Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top