Links May 12

Asian logging companies ‘use British islands for tax dodging’ The Guardian
“Calls for crackdown as investigation finds huge Indonesian corporations evading tax through network of secret shell companies in British Virgin Islands and other tax havens.”

New Zealand: the Shell Company Incorporation Franchises naked capitalism

Swiss minister says tax deal with Italy possible by year-end Reuters
Potentially a useless agreement, like Rubik?

Credit Suisse chief urged to quit as tax spat nears end Financial Times (paywall)
Senior politician also saying Switzerland should allow Credit Suisse to fail, that: “The ‘too-big-to-fail’ preparations actually ought to be far enough advanced, that the state doesn’t have to intervene even if the existence of Credit Suisse is at stake”. See also: 2 Banking Giants Implore U.S. Authorities to Go Easy Dealb%k

Oh how beautiful is the tax haven of Panama? Die Welt (In German)

UK research foundation concerned about Pfizer bid for AstraZeneca: FT Reuters
See also recent blog: Pfizer and Astrazeneca merger shows US and UK both lose from UK’s predatory tax regime


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Launch of international research collaboration, #AltAusterity

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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 […]

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Half measures mean Mauritius will continue to be a tax haven for the developing world

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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 […]

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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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