Links Aug 22

Developing nations need more than words from G20 tax reform The Conversation
See also: G20 to press for ‘rapid timeline’ for exchange of tax information The Economic Times

New Zealand Prime Minister John Key, the Whale Oil Blog, and International Organized Crime naked capitalism
Story includes a web of offshore connections.

Glencore report: European Investment Bank must drag its secrets into the light The Guardian
“Reasons given by the bank for refusing to publish findings of an investigation into alleged tax evasion remain unconvincing”

Human Rights & Tax: Book review by David Quentin of ‘International Covenant on Economic, Social and Cultural Rights’ L4BB

UK oil, gas and mining companies face new anti-graft rules Financial Times (paywall)

OCCRP Presents: The Russian Laundromat

South Korea: New tax chief vows to root out evasion The Korea Herald

Bank of America Grabs $12 Billion Tax Write-Off From $17 Billion Mortgage Settlement Forbes
See also: Bank of America settlement loophole creates at least $4 billion burden for taxpayers U.S. PIRG

Microsoft Admits Keeping $92 Billion Offshore to Avoid Paying $29 Billion in U.S. Taxes International Business Times

Scottish Parliament passes legislation establishing Scotland’s first tax collection system for 300 years Out-Law

UK to clamp down on non-disclosure jurisdictions funds europe
“Investors with undisclosed overseas assets cannot afford to stick their head in the sand.

Keeping the accountants accountable Accountancy Age

Why is the tax profession so intent on making excuses for abuse? Tax Research UK

End Delaware’s contribution to poverty Delaware Online

Tax cheat rumbled by Ferrari in his garage The Local

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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

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 […]


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