Links Aug 4

Sanctions on Russia: The Unintended Consequence The Banker’s Umbrella
A private banker’s view. “Make no mistake, this is what private banks crave like vampires crave blood.” See also Russia Considers Going Progressive… When It Comes To Tax Forbes, and Russian FM Provides Anti-Offshore Law Update Tax-News

CSOs Task Obama, African Governments on Transparency This Day Live
African civil society calls for US oil & mining transparency rule in line with EU standard. See also: Open Letter to President Obama from African Civil Society Publish What You Pay

Kofi Annan: The next steps for Africa to meet its potential The Washington Post
Calls for promoting the global standards needed to prevent tax evasion.

Switzerland’s Financial Identity Crisis: The Slow Death of a Secretive Tax Haven International Business Times

Mauritius Investments Into India Drop Below 10% AFK Insider

LexisNexis® Guide to FATCA Compliance (Chapter 1, Background and Current Status of FATCA) Social Science Research Network
Hat tip: TaxProf.

WSJ: Inversions Cut Corporation’s Taxes, Raise Shareholders’ Taxes TaxProf

Close loopholes that let U.S. firms avoid taxes by using inversions LA Times

Why is the City of London so clueless about Britain? Treasure Islands

HSBC is looking for sympathy after reporting a $12.3 billion profit Quartz

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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 […]


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

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