Links May 13

U.S. Congress Moves To Strengthen US Anti-Inversion Rules Tax-News
See also: Want Ad: ‘Foreign Corporate Spouses Needed For U.S. Companies, Preferably From Low Tax Country’ Forbes, and A Deal to Dodge the Tax Man in America Dealb%k

Countries slow race to bottom on tax competition Financial Times (paywall)
The term tax ‘competition’ a misnomer: nothing to do with competition – Tax Wars is more accurate.

Argentina: Government seeks automatic tax deal with Switzerland Buenos Aires Herald
Hat tip: Jorge Gaggero. See also recent blogs: Should Argentina sign a tax treaty with Switzerland? and Report: $300 billion in Argentina’s offshore assets

Swiss Discuss Banking Sector Tax Disputes With The US Tax-News
See also: Swiss company agrees to pay $4.4m fine for helping US tax dodgers The Guardian – Remarkably: “The US deputy attorney general, James Cole, thanked the firm for its “extraordinary cooperation”. Note that the Swiss asset management company, owned by a Liechtenstein bank, so very graciously “cooperated” only after they were caught. For more detail on how they helped clients evade taxes through various means, see  Swisspartners hands in American clients to US authorities STEP

Swiss Bankers Approach France To Boost Amnesty Uptake Tax-News

IMF Ukraine Bailout. What Will Happen To The Money The Banker’s Umbrella
“If it wasn’t so blatantly criminal it’d be a thing of financial engineering beauty.”

Trade Misinvoicing, or How to Steal from Africa ThinkAfrica Press
Observes that corruption is only one side of the problem. “The truth behind trade misinvoicing is that it is a two-way street. The global shadow financial system, propped up by tax havens and financial secrecy, is equally responsible for the propagation of trade misinvoicing in Africa.”

European Commission risks putting business profits before the needs of the world’s poorest Eurodad

TJN Germany Blog – News Links

Wealthy in China need new tax haven as Switzerland U-turns on banking privacy Want China Times

Superlawyer Jim Bopp takes on McCain-backed tax act that targets Americans overseas The Washington Times

Sullivan Reviews Shaviro’s Fixing U.S. International Taxation TaxProf

Online education news: Khan Academy fail on tax havens and transfer pricing Financial Secrecy Media Monitor

Related Posts

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 […]


Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL ( or CC BY 3.0 (], via Wikimedia CommonsComing out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland’s tax haven status? A new paper by Heike Joebges of the University […]


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

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]


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. 


Leave a Reply

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

Back to Top