Links Jul 8

Key IMF policy paper released on tax havens and development European Institute for International Law and International Relations
See also our recent blog on the IMF report here.

Make ‘Justified’ Requests Swiss Banks Tell India Business Insider
And to compare and contrast: Swiss banks threaten freeze on US accounts over tax evasion Financial Times (paywall)

Bangladesh: Consensus among parties to stop illicit financial flow stressed The Financial Express

U.S. Scrutiny for Banks Shifts to Commerzbank and Germany Dealb%k

EU widens tax investigation into multinationals RTE

Ireland Engaging In International Tax Talks Tax-News
However, “a change to Ireland’s corporate tax policy is off the cards, according to Eamon Gilmore, Ireland’s Minister for Foreign Affairs & Trade.”
See also: Apple tax probe could spark off five-year battle as Government vows to protect
Ireland’s economic interests Irish Independent

When Taxes and Profits Are Oceans Apart The New York Times

Acquirers Plot Escape From a Turn on Taxes The Wall Street Journal
Merger agreements’ fine print on inversions shows just how important tax benefits are in many overseas deals. See also Positively un-American tax dodges Fortune

British taxpayers underwrote deals worth £140m by firm based in Cayman Islands The Independent

“Profitless” Amazon Myth Lives On Thanks To Lazy Financial Media Periodot

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Launch of international research collaboration, #AltAusterity

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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 […]


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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