Links Jul 1

Swiss banks to tell all under FATCA swissinfo
While events are moving in the right direction, such declarations remain something of a smokescreen, as assets can still be hidden within complex structures such as certain kinds of trusts, and of course only the countries that sign bilaterally stand to benefit: principally the United States, at this stage. Developing countries aren’t likely to see big benefits any time soon.

Liechtenstein Sees Final Blow to Rogue Status, Bank Chief Says Bloomberg
Again, assets may be hidden within complex structures. For a story on affairs in Liechtenstein see here. For more background on a scandal involving LGT, the bank owned by the Liechtenstein royal family, see here. And there’s an interesting development on LGT reported in HSBC to Sell Some Swiss Private Bank Assets to Liechtenstein Group Dealb%k

Swiss agree to honour group requests from France STEP

Tax transparency in modern democracies Tax Justice Network of Latin America and the Caribbean (In Spanish)

NGOs using non-binding OECD Guidelines to launch complaints about tax avoidance Tax, Society and Culture

Fresh headache for Kenya Revenue Authority as firms move to tax havens Standard Media

‘Thousands’ in Australian Tax Office sights over tax havens Sydney Morning Herald
See also: Australian with $600 million in tax haven contacts Australian Taxation Office anonymously during amnesty The Daily Telegraph

Barclays made £1.4bn profits in Luxembourg – £100m for each worker The Guardian
See also: Barclays: the bank that just loves Luxembourg and Jersey, but not the UK Tax Research UK

Tax Justice Blog – A Project by Citizens for Tax Justice and the Institute on Taxation and Economic Policy
A new blog just launched. It’s unrelated to ours, we’re international and theirs has a U.S. focus, but they are friends of ours.

Related Posts

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 […]


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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