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

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 […]


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 […]


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

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL ( or CC 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 […]


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 […]


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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