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


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G20: Pressure rising on tax haven USA

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