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 research on key role major economies play in global tax avoidance

offshore-network_colorcorrectedAn important new study on Offshore Financial Centres (OFCs) from the University of Amsterdam has made some fascinating discoveries, challenging, as the Financial Secrecy Index has, the popular misconception that tax havens are only palm fringed little islands and exposing that in fact major economies play a key role in global tax avoidance. Specifically they’ve […]


Launch of international research collaboration, #AltAusterity

alt austerityToday is the launch of #AltAusterity, a new, international research collaboration of which Tax Justice Network is a partner.  The project aims to stimulate public debate on the subject of austerity though high quality research. It is a response to the lack of evidence which has underpinned the current policy agenda on austerity. The project […]


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 […]


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

MauritiusThere was news this week that Mauritius has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This is an initiative from the OECD to allow countries to take measures designed to stop tax avoidance by multinational companies and put them into their existing network of […]


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 […]


Leave a Reply

Your email address will not be published.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

Back to Top