Links Aug 15

Ending poverty devex

Switzerland proposes severe punishment for bank secrecy breach Zee News
A fresh setback to India’s efforts to get details of the so-called HSBC list from Switzerland. See also: Swiss Federal Council advocates better protection of bank client data Kuwait news Agency, reporting that “the relationship between the client and the financial institution in Switzerland will not be affected by the [Automatic Exchange of Information] AEOI”.

Switzerland “suffering under Brazil’s arbitrary tax decisions”  Financial Secrecy Media Monitor

HSBC Argentina under investigation for alleged tax evasion and money laundering Noticieros Televisa (In Spanish)
See also: HSBC raided in laundering investigation Buenos Aires Herald

UK regulator rates Cayman ‘high risk’ Compass Cayman

Controversy over QCs who give ‘deliberately misleading’ tax advice STEP

UK: HMRC says offshore trusts cannot use Liechtenstein settlement facility Financial Times (paywall)

UK: Call on your council to support Towns Against Tax Dodging ActionAid

Tax changes must be in tandem with other states – US chamber The Irish Times
See also TJN on Tax ‘competition’ – more accurately known as Tax Wars here.

The New Tax Fad: Are Corporate Inversions Fair? Bloomberg TV
Video briefly and clearly explains the inversion issue.

Related Posts

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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