Links Oct 23

UNECA Ninth African Development Forum – “Innovative financing for Africa’s transformation” – ADF-IX Consensus Statement Marrakech, October 2014

Facebook’s £3,169 UK corporate tax bill in 2013 was less than a zone 1-9 yearly London travelcard City AM
 … or almost half that of the average Londoner’s income tax bill, due to use of the “Double Irish”. See also: Facebook London staff get tens of millions in shares – but pays no tax in the UK The Independent

Panama and Colombia to negotiate tax information-sharing deal Reuters
See also earlier blog Panama voices call it “Badge of Honor” to be called a tax haven

Switzerland To Add Info Exchange Provisions To All DTAs Tax-News
But, only “on request”. For explanations and resources on information exchange see here.

OECD gives cautious welcome to Knowledge Box tax scheme The Independent
See also recent blog: The UK’s “Patent Box” – nasty, disingenuous and hypocritical tax law

Headwinds for multinationals’ tax tricks Bilan (In French)

Confusion over Fatca deadline for trusts Financial Times (paywall)
“Trustees of private family trusts are being urged to register with the US tax authority by next week or risk non-compliance with new counter-tax avoidance legislation.”

Singapore jostles with Hong Kong for financial crown Financial Times (paywall)

Hong Kong’s Nine Dragons District Becomes Hunting Ground for UBS swissinfo / Bloomberg

India: Don’t Blackmail Us on Black Money: Congress to Finance Minister Arun Jaitley NDTV

FACT Coalition Welcomes AbbVie Decision to Remain in U.S.
See also: Obama’s Inversion Crackdown Not Enough To Keep Chiquita In America Huffington Post, and Winners and Losers Emerge In Wake of Treasury’s New Tax Rules The Wall Street Journal

Banker arrested in Hoeness tax evasion case swissinfo

Italy World Cup hero Cannavaro probed over tax fraud


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