Links May 15

Companies fear BEPS “tax chaos” Economia
See also: Global business tax clamp-down could sting U.S. -IRS official Reuters – Is the U.S. undermining the interests of developing countries? See TJN Briefing on BEPS here and information on The BEPS Monitoring Group here.

Liechtenstein To Set Up BEPS Working Group Tax-News

The US will cut taxes on race horses and NASCAR tracks with borrowed money Quartz
A brief round-up of policy status. And the piece points out: “Who will win this particular horse race? Business lobbyists, mainly.”

UK Uncut Call Out for Action: #VodaHome
On June 14 – ahead of Vodafone’s AGM – UK Uncut and supporters will be turning Vodafone stores into the homes that everone needs and deserves.

China, Russia outrank U.S. when it comes to corporate transparency The Center for Public Integrity
See also: China, Russia beat us in new corporate transparency report ICIJ

BVI: Benefitting Vested Interests? Global Witness

U.S. Agents Start Hunting for Sanctioned Russians’ ‘Shiny Toys’ Bloomberg
Searching for planes, yachts, mansions and other belongings of Russians facing Ukraine-related sanctions, that are  likely to have been hidden behind layers of shell companies.

Argentina will sign first agreement on automatic exchange of tax information (In Spanish)
See also: Argentina tax authority to exchange information with the Netherlands to combat tax evasion La Nacion

Africa’s Poorest Nations Lose Billions to Complex Tax Evasion Schemes International Business Times

Zambia: NGO urges govt to curb illicit financial flows The Post
See also: Massive tax rebates harmful – NGO Zambia Daily Mail

FDI from Mauritius to India dips 50% in Apr-Feb period The Times of India

Offshore wealth advisor: “British territories are definitely out” Financial Secrecy Media Monitor

Close Loopholes, Fix Potholes Other Words – a project of Institute for Policy Studies

Brazil’s Scolari under investigation for alleged tax evasion in Portugal Fox Sports

Australia: Charges over Cayman Islands tax haven dropped The Sydney Morning Herald
A case involving a complex network of companies in tax havens used to avoid millions in Australian tax, that “caused ructions in the relationship between Australia and the Cayman Islands”.

UK: Celebrities ‘hid £340m’ in Icebreaker tax avoidance scheme used by Gary Barlow The Independent

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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. 


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