Links May 29

OECD BEPS Webcast Update
See the TJN briefing on BEPS here.

Rather than write them off, developing countries should be included in new information exchange system Thomson Reuters

India PM Modi government sets up special team to probe black money in tax havens VCCircle
See also: SIT on Black Money May Not Help: Rudolf Elmer NDTV

Swiss to hand HMRC tax ‘hit list’ Accountancy Age
A joke? TJN and others could hand HMRC a “hit list” of hidey holes.

U.S. Broadens Hunt for Tax Evaders The Wall Street Journal
See also: Credit Suisse Offers Map to 13 Swiss Banks in U.S. Tax Probe Bloomberg

Pfizer abandons AstraZeneca bid — Credit Suisse: And the winner is… — Tax havens, tax gimmicks Politico
See also: Pfizer walks away from $118 billion AstraZeneca takeover fight Reuters – a good thing too.

Has the U.K. become a tax haven? CNN Money
We have blogged and linked on many an occasion on why inversions are harmful, and featuring the UK situation. For deeper background on the UK as a tax haven, see here and here. See also: News from the UK’s satellite secrecy jurisdictions shows extent of UK influence Financial Secrecy Media Monitor

New Report: American Corporations Tell IRS the Majority of Their Offshore Profits Are in 12 Tax Havens Citizens for Tax Justice
See also: US Tax Cheats in Ireland Pocket Profits Worth Almost Half of GDP International Business Times

Ireland: BEPS – Tax policy changes could cost €1bn Irish Examiner
See also: Corporate tax deals in Ireland have to change, says expert The Irish Times

European Commission: Statement by Commissioner Šemeta and Vice-President Kroes on Taxation of the Digital Economy
See also: EU calls for common position on tax for digital economy The Irish Times. Hat tip: Offshore Watch.

Australia: Mining magnate continues push for northern tax haven, economist calls idea ‘nonsense’ ABC News

French offshore amnesty struggles to attract takers STEP

“Blood Gold” from the Democratic Republic of Congo linked to Jersey trust Financial Secrecy Media Monitor

Jersey’s getting tetchy Tax Research UK

Related Posts

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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