Links Jan 15

Switzerland unveils draft laws to dismantle bank secrecy Financial Times (paywall)
“The Swiss government has taken a further step towards dismantling its once untouchable bank secrecy laws, by unveiling draft legislation that would pave the way for automatic information exchange about offshore accounts held in Switzerland.” See also recent blog Switzerland signs up for automatic info exchange. But there’s a catch

‘Sweetheart’ tax deals inquiry a setback for Jean-Claude Juncker Financial Times (paywall)
“The European Parliament is poised to launch a full inquiry into sweetheart tax deals with multinational companies, in a political setback for Jean-Claude Juncker, the European Commission president and former premier of Luxembourg”. See also: Euro MPs back LuxLeaks tax probe Luxemburger Wort, and LuxLeaks Inquiry on hold until 5th February 2015 in Conference of Presidents Sven Giegold

EU to publish details of probe into Amazon’s Luxembourg tax deal Reuters

UK oil & gas association urges further tax breaks Offshore magazine
Oil & Gas UK wants more tax breaks because of low oil prices. If there are no profits, there are no taxes to pay…

USA: Labor Department Shouldn’t Grant Criminal Bank Credit Suisse Special Privilege to Gamble with Workers’ Retirement Savings Global Financial Integrity Press Release

How an Obscure Tax Loophole Brought Down Obama’s Treasury Nominee Bloomberg

Ireland: ‘Knowledge box’ tax rate likely to be 5% The Irish Times
“Tax is intended to take the place of the controversial ‘Double Irish’ mechanism.” See also recent blog Patent boxes: progress, or more racing to the bottom

Argentina suspends HSBC Argentina’s money transfers abroad Reuters

StanChart to close Swiss private bank after sale founders Reuters
Royal Bank of Canada is also looking to sell its Swiss banking operations

Australian Taxation Office clamps down on super rich tax dodge Herald Sun

Wikileaks for Africa? Introducing Afrileaks The Guardian

 


Related Posts

UN must defend target to curtail multinational companies’ tax abuse

Photo by Luca Santori, Creative Commons LicenseThe Tax Justice Network, The Independent Commission for the Reform of International Corporate Taxation, and the Global Alliance for Tax Justice call on the UN Secretary General to make sure the commitment to action on tax abuses by multinational companies remains part of the new UN Sustainable Development Goals.

READ MORE →

The BVI: Responsible for worldwide tax losses of $37.5 billion a year

BVI report blogAn extraordinary report by consultants Capital Economics, for BVI Finance, claims that the British Virgin Islands are responsible for $1.5 trillion of assets invested around the world, and that these result in 2.2 million jobs and $15 billion in tax revenue. A better approximation would be that the BVI imposes global tax losses of $37.5 […]

READ MORE →

Event: Making Tax Work for Women in the UK and Globally

Invitation_ Tax and Gender eventOn Wednesday 28th June 2017 at 16.30 our very own Liz Nelson will be speaking at an event in London that aims to bring together gender and tax justice advocates to highlight the need for coherent and gender-responsive fiscal policies to safeguard the rights of women and girls both in the UK and globally. The […]

READ MORE →

Historic event on women, human rights and tax justice in Bogota

BogotaLast week civil society organisations, researchers, labour union activists and policy makers met in Bogota, Colombia to explore how tax justice issues can ensure governments, multinational corporations and others meet their obligations to women in order to secure their full range of human rights. The Women’s Rights and Tax Justice conference opened with a conversation […]

READ MORE →

The Offshore Wrapper: the Panama Papers, one year on

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceWelcome to the Offshore Wrapper – your weekly update from TJN.  Happy Paniversary! This week it’s been one year since the Panama Papers were leaked, and a number of organisations around the world have been marking the occasion though the global week of action for tax justice. In London, activists from the TJN and the […]

READ MORE →

Leave a Reply

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

Back to Top