Links Sep 23

U.S. Treasury moves against tax-avoidance ‘inversion’ deals Reuters
See additional links to press and blogosphere coverage via TaxProf Blog, and AstraZeneca shares fall as Obama thwarts tax inversion deals The Guardian

U.S. Business Shows Continuing Concern Over BEPS Tax-News
U.S. Business Roundtable says BEPS could hurt U.S. multinationals, includes a concern for “country by country reporting … to maintain its confidentiality”. See also recent TJN blogs on BEPS here and here.

India: Pressure on Switzerland on sharing bank account information The Economic Times
See also: Global spotlight on stolen data The Times of India, India urges all nations to join tax information pact The Financial Express, and recent blog OECD again pretends it’s solved the problem of financial secrecy

New Zealand banks baulking at global FATCA style initiative to combat tax evasion; Lobby group says the later we adopt it the better interest.co.nz

Switzerland prepares to tighten screws on whistleblowers swissinfo / Reuters

Swiss cabinet presents plans for corporate tax reform swissinfo

Luxembourg Freeport  opens; officials deny it is “no-man’s land” Financial Secrecy Media Monitor

Azerbaijan: SOCAR Oil Deal Benefits Hidden Investors Linked To … SOCAR? Organized Crime and Corruption Reporting Project
Hat tip: ICIJ. Story involves “murky transactions” through a web of offshore entities.

France demands greater transparency from extractive industries EurActiv

DMS Consulting reports Spain before the European Commission for attacking the free movement of people and goods
In 2013 Spain introduced a high penalty on undeclared assets, where the entire undeclared asset is deemed income, taxable at 52% plus penalty of 150%. Now private lawyers are trying to get EU Commission to rule this is illegal according to EU law.

French rich hold €17bn in low-tax Belgium The Guardian

 


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