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

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. 


Leave a Reply

Your email address will not be published.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

Back to Top