Links Feb 23

Cayman Islands Financial Services: Publication of Beneficial Ownership Consultation Submissions

The Quiet Man Who Made Big Trouble for Little Luxembourg Bloomberg
See also: ‘I am not a martyr’, says LuxLeaks whistleblower facing jail Financial Times (paywall), and recent blog Will Antoine Deltour become a prisoner of conscience?

Revealed: Swiss account secret of HSBC chief Stuart Gulliver The Guardian
The HSBC chief executive who has vowed to reform the crisis-hit bank, sheltered millions of pounds in a Swiss account through a Panamanian company and remains tax domiciled in Hong Kong. See also: HSBC CEO used offshore accounts to hide bonus payments from colleagues Fortune

Why the World Is So Bad at Tracking Dirty Money Bloomberg

India: Black money probe: HSBC gets summons from Income Tax Department, fears huge fines The Financial Express

Pakistanis too have their Swiss Accounts; 338 Pakistanis with $859 million The Milli Gazette

Keiser Report: Interview with TJN’s Nicholas Shaxson, author of Treasure Islands: Tax Havens And The Men Who Stole the World  RT
On HSBC and the cronyism of banks, government and media, Nick’s interview begins at 13 minutes. Also well worth watching the following interview with Joel Benjamin @Gian_TCatt on PFI’s, secrecy and tax havens.

Irish Revenue collects €1bn from special investigations The Irish Times

A relic of empire that created a tax colony Financial Times (paywall)
Richard Brooks @rbrooks45, author of The Great Tax Robbery, writes on the antique non-dom tax break that needs junking

Peter Jones: Bank scandals breeding new politics The Scotsman

HSBC US committee takes month off political donations ICIJ

HSBC blames ‘challenging year’ for profits drop Channel 4

 

 


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