Links Sep 8

Australia: Calls grow for inquiry into tax avoidance tactics of multinationals The Sydney Morning Herald
See also: Shifting sands: push for government to crack down on corporate profits The Sydney Morning Herald

Myanmar: Crackdown on tax dodgers has tycoons racing to file income declarations, officials say Eleven Myanmar

Kenya: KRA Says Documents Delaying Price Transfer Audits allAfrica / The Star

Trade mispricing: Tanzania among top five revenue losers IPP Media

Public registers would foil tax criminals Cayman

Cayman wealth advisor jailed following US sting STEP

Puerto Rico Luring Buyers With Tax Breaks The New York Times

Extractive Industries: How far does France does dare to go with transparency? Les Amis de la Terre (In French)

Over $30 billion a year in dirty money leaves Brazil – study Reuters

Biggest tax inverters ‘have $21bn offshore’ Financial Times (paywall)
“According to data compiled by Moody’s for the Financial Times, the biggest offshore cash piles held by companies pursuing so-called “tax inversions” belong to Medtronic, a medical devices group; AbbVie, a drugmaker; and Applied Materials, a technology group.”

SwissBanking: 2014 Banking Barometer – Economic trends in the Swiss banking industry

Canada: Doubts mount about Valeant Pharmaceuticals’ tax structures Financial Post
A director of an accounting firm observes: “I’ve seen many examples of companies moving some profits offshore to low-tax jurisdictions, but not to this extent”

Bahamas to Feature Prominently at China Offshore Conference The Bahamas Weekly

Law firms scrutinised in anti-money laundering push Financial Times (paywall)
“Specialist teams are to be sent in to scrutinise law firms amid mounting concerns they are failing to fulfil obligations to report suspicious transactions.”

Related Posts

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 […]


Will the G20 ever end the global problem of tax avoidance and tax evasion?

HamburgAhead of the G20 Summit in Hamburg this week our own George Turner has published this op-ed in the German newspaper Die Tageszeitung today. The article discusses why, despite sustained political engagement from world leaders, we are still some way from solving the problem of tax avoidance and tax evasion. Here’s an English translation of the article:


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