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

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