Links Jul 16

Tackling Tax and Saving Lives Save the Children

India: Negotiations on with other countries to sign new tax treaties Business Standard
See here, for why automatic multilateral exchange of information for tax purposes is needed.

The Dark Side of Growth swissinfo

Credit Suisse seeks tax evasion sentence delay The Local

Mining giant Vedanta’s copper sales spark Zambian tax avoidance probe This is Money

U.S. Seeks Legislation to Curb Offshore Tax Deals Bloomberg Businessweek
See also: Obama Administration Seeks End to Tax Inversion Deals Dealb%k

Gowex Chief Orchestrated Sham by Hiding Lies in Plain Sight Bloomberg
Jesse Drucker reports on fraudulent Spanish web company Gowex. Story involves using frontmen to create companies that acted as fictitious clients, and stashing more than 3 million euros in a Luxembourg bank.

Guernsey: Concerns about reputational damage from Jersey leaks; minister calls on financial industry to challenge “statements by NGOs” Financial Secrecy Media Monitor

Canada: Close down offshore tax havens Winnipeg Free Press
Commenting on Canada’s Offshore Tax Informant Program

Digital Economy Chokes on Online Giants’ Low-Tax Sandwiches Box Free IT

Digital industry welcomes Jersey position on cryptocurrency business and the first regulated Bitcoin fund Digital Jersey


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New research on key role major economies play in global tax avoidance

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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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