Links Jun 20

Why big time tax dodgers love Mr Juncker Private Eye
See also recent blog Architect behind Eurozone’s biggest tax haven wants to be EC president

EU closes tax loophole for multinational firms Reuters
See also: Anti-Money Laundering: Commissioner Barnier welcomes progress in Council European Commission Statement, EU Finance Ministers must stop the business masquerade Eurodad, and EU agrees to end corporate tax row with Swiss swissinfo

How Credit Suisse Got Off Easy Newsweek

UBS Belgium Chief Charged in Multibillion-Euro Tax Fraud Probe Bloomberg

Geneva’s Banks Push Clients to Come Clean Bloomberg Businessweek

Czech Republic Launches New Anti-Tax Evasion Force Tax-News

The money drain: Illicit financial flows block Africa’s progress Oman Daily Observer

Lagos Govt. Shuts Oil Firm Over N4.9bn Tax Evasion Daily Times

How Users Have Spent The Past Year Digging Through Offshore Data ICIJ

Delaware To Remain U.S. “Shell Corporation” Capital MintPress News

Banking Group Suggests Anti-Money Laundering Regulation will Stymie Trade International Business Times

Italy prosecutors probing alleged tax evasion at Eni division Reuters

The ‘Double Irish With a Dutch Sandwich’ Corporate Tax-Dodge Crisis Huffington Posst
See also: Medtronic’s History of Shirking Its Tax Responsibilities Citizens for Tax Justice

Formula One’s McLaren loses its bid to deduct tax on £32m fine City A.M.

Private equity firms TPG, KKR and Carlyle Group want $300m tax break Australian Financial Review


Related Posts

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 […]

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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 […]

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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 (http://www.gnu.org/copyleft/fdl.html) or CC BY 3.0 (http://creativecommons.org/licenses/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 […]

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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 […]

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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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