Links Feb 17

Response from Eurodad to the Financing for Development Elements Paper

Recent posts by The BEPS Monitoring Group (BMG):

BMG: The Use of Profit Splits in the Context of Global Value Chains

BMG: Transfer Pricing: Risk, Recharacterisation, and Special Measures

BMG: Limitation of Interest Deductions

BMG: Transfer Pricing Aspects of Cross-Border Commodity Transactions

East Africa’s elite have stashed away over $700m in Swiss bank accounts The East African

Race to the Bottom: Incentives to draw foreign investors to Rwanda The East African
See our page on Tax Wars here. Rwanda’s action runs against recent decisions by major economies in the EAC region.

HSBC case shows the weaknesses in the system and puts tax reform to the test CIPER (In Spanish)
Cites TJN’s Andrés Knobel, on FATCA, and on tax havens in general, and the Financial Secrecy Index.

HSBC findings don’t surprise us. What will it take for things to change? Global Witness

UK: Downing Street rejects inquiry into handling of HSBC files The Guardian
See also: UK’s Financial Conduct Authority scrutinises HSBC in wake of activities at Swiss arm of bank The Guardian

HSBC files: amnesty deal for Swiss bank’s Spanish clients investigated The Guardian

Exclusive: Hasbro pays Mexico tax authorities $65 million in settlement after probe Reuters

Glencore has a tax transparency problem: Uniting Church The Sydney Morning Herald

In Switzerland, Swiss Leaks ‘from bygone era’ swissinfo
The spin: ‘Media, trade groups and regulators in Switzerland are asserting that HSBC Private Bank’s aiding of tax evaders has “primarily historical value” ‘. For clarity, see here and here.

Iceland convicts bad bankers and says other nations can act Reuters

Richard Murphy’s interview on BBC’s “Today” programme Tax Research UK


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

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

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

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The Offshore Wrapper: the Panama Papers, one year on

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