Links Aug 20

Swiss sanctions dilemma over Russia  BBC

Swiss Private Banks: Not a Pretty Picture Wall Street Journal

US fine provisions hit Swiss private banks swissinfo

It’s not just the Swiss – banks far from Switzerland should know what institutions there disclose Corporate Counsel

Foreign banks pack their bags in Switzerland swissinfo
U.S. & European banks leaving Switzerland, rumours of banks from Brazil, China & Singapore filling some of the gaps

Cayman Islands Chamber says UK’s FCA “High Risk” listing “Insulting and lacks credibility” and Cayman Finance accuses FCA of “hypocrisy” Cayman iNews
See also: Cayman news: Government “astounded” at being included on UK high-risk country list Financial Secrecy Media Monitor

Mexico Praised For Tax Transparency Tax-News

Tax Burden in U.S. Not as Heavy as It Looks, Report Says Dealb%k

UK Government restricts Liechtenstein route for tax disclosure Chartered Institute of Taxation

Is Global Income Inequality Really Falling? Slate

Banking corruption: more of the same. When will it end? Tax Research UK


Related Posts

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

offshore-network_colorcorrectedAn important new study on Offshore Financial Centres (OFCs) from the University of Amsterdam has made some fascinating discoveries, challenging, as the Financial Secrecy Index has, the popular misconception that tax havens are only palm fringed little islands and exposing that in fact major economies play a key role in global tax avoidance. Specifically they’ve […]

READ MORE →

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 […]

READ MORE →

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 […]

READ MORE →

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 […]

READ MORE →

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 […]

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top