Links Jun 30

Argentina’s Vice President Charged With Bribery abc news
Vice president accused of hiding behind a shell company so he and other secret partners could benefit from unusual tax exemptions and lucrative government contracts.

Zambia Refusing to Release $600 Million in VAT Refunds to Mining Companies Zambia Reports

U.S.: IRS Will Now Accept an ‘I Was Clueless’ Defense for Offshore Tax Evaders Newsweek

South Africa Biggest Losers of Transfer Pricing IOL

Finance Minister: France adamant Bermuda is a tax haven BDA Sun
The Bermuda Finance Minister comments: “There is a stark difference between the way taxes are viewed on this side of the Atlantic and in France. In France taxes are viewed as a moral obligation while over here it is viewed as a legal one.”

Global Christian leaders call on G20 to tackle tax evasion Ekklesia

Message to Jean-Claude Juncker: will you publicly back EU efforts on tax & transparency? Global Witness

Don Quijones: Mini Tax Havens – How Europe’s 1% Gets to Pay Only 1% naked capitalism

Queen’s bank Coutts denies al-Qaeda links The Telegraph
Containers of data from Coutts Cayman, en route to a data centre in Geneva, were seized by German customs officials. Shows how varied are the risks, for a client hoping to hide their financial business, of banking secrecy being broken.

It’s Time for Prince Charles to Join Twenty-First Century Huffington Post
Prem Sikka raises some questions about the latest accounts published by the Duchy of Cornwall (controlled by Prince Charles) and  Prince Charles’ business privileges. The duchy, a “sprawling commercial conglomerate”, is exempt from paying corporation tax on its profits and capital gains tax on profits made from the sale of its assets.

Welcome to London – the dictators’ playground Global Witness

Who is buying up Myanmar’s oil and gas? Global Witness
Infographic showing how ownership of Myanmar’s recently awarded oil and gas blocks is obscured by shell companies.

BNP Paribas braced for $8.9bn fine The Guardian
And the fine could be tax-deductible

Jersey group in campaign to create ‘Bitcoin Isle’ BBC


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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 […]

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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 […]

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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 […]

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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 […]

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Will the G20 ever end the global problem of tax avoidance and tax evasion?

HamburgAhead of the G20 Summit in Hamburg this week our own George Turner has published this op-ed in the German newspaper Die Tageszeitung today. The article discusses why, despite sustained political engagement from world leaders, we are still some way from solving the problem of tax avoidance and tax evasion. Here’s an English translation of the article:

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