Links Jul 31

Vulture Funds: The Lawsuit Against Argentina And The Challenge They Pose To The World Economy CEFID-AR
A view from Argentina. See the original version in Spanish here.

Luxembourg tax regime: Under siege Financial Times (paywall)
“The low-tax system that has brought great prosperity to the Grand Duchy now threatens to become a liability.” See also the report on Luxembourg on TJN’s Financial Secrecy Index.

Juncker considers creating financial services tsar Financial Times (paywall)
See also: Juncker mulls new financial services tsar role EurActiv

British Virgin Islands update: Public interest exemption included in “Cybercrime” bill, under pressure from media and governor Financial Secrecy Media Monitor

Swiss Banks Send U.S. Client Data Before Cascade of Accords

UBS pays out in German tax case as lawsuits target private bank Reuters

It is not so easy to fight against tax evasion Le Monde (In French)

How Much Are Developing Countries Losing from Commodity Mispricing Really? The Center for Global Development

USA: Democrats propose blacklisting contractors for offshore tax deals TheHill

Support in Delaware for end to shell company leniency STEP
See also recent blog: Delaware corporate secrecy and crime: a long-awaited debate begins


Related Posts

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]

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Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]

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Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia CommonsComing out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland’s tax haven status? A new paper by Heike Joebges of the University […]

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New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]

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Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 

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