Links Jul 10

Swiss Banks’ Tradition of Secrecy Clashes With Quests Abroad for Disclosure The New York Times

Four of the 10 richest Singaporeans are expats saving millions in taxes Quartz
See also: Singapore raises maximum jail term for money laundering globalpost – Authorities now allowed to prosecute cases in Singapore that involve the evasion of foreign taxes, “so long as tax evasion is illegal in the foreign country and were committed with the wilful intent to evade tax.”

Gabon signs Global Tax Convention Business Ghana
Gabon has become the seventh African country to sign the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters

Bulgarian Parliament Amends Law on Offshore Entities Novinite
Companies with opaque ownership barred from government contracts

Finland: Arhinmäki calls for measures to curb tax evasion Helsinki Times

Four Out of Five Wealthy Greeks Evade Taxes Greek Reporter

Ongoing searches at several companies in Romania in tax evasion case, damage estimated at EUR 1.5 million Romania-Insider

The shame is big tax dodgers slip the net The Sydney Morning Herald

Offshore tax deals on the rise, says top Dem The Hill

How funds will benefit from Fatca fundweb
Interesting take on Fatca from tax director of the Investment Management Association (IMA)

India-UK commit to jointly deal with tax evasion menace Business Standard

UK Fatca: Information on expats opening offshore accounts to be shared with HMRC The Telegraph


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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

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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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