Links Apr 10

Despite Investment, Luxembourg Costs EU ‘Billions’ in Tax Breaks Sputnik International

Transparency International Zambia Cautions Government Against Bending Too Much On Arriving At A Revised Tax Regime For Mines

Foreign funds brace for India’s alternative tax demand FinancialTimes (paywall)
India’s Finance Minister Arun Jaitley: “India is not so vulnerable that every legitimate tax demand can be considered as tax terrorism, because we are not a tax haven and we don’t intend to be one”. See also: India’s unclear tax policy has come back to haunt Modi Quartz, and read about “Tax Wars” and tax competitiveness

On The Eve Of Modi’s France Visit, The HSBC Whistleblower Writes An Open Letter To The PM On India’s Black-Money Probe Caravan

HSBC Ordered to Pay $1.1 Billion in Bail in French Tax Probe Bloomberg
See also: France widens HSBC Swiss bank inquiry to global holding company The Guardian

‘Stay tuned’ for more Swiss bank deals over tax evasion: U.S. official Reuters

UK: Miliband’s abolition: Many have tried to close non-dom loophole – all have failed The Guardian

Call for transparency and honesty over costs and benefits of any UK oil “windfall” Global Witness

Treasury does not know how much revenue Australia is losing to multinational profit-shifting Sydney Morning Herald

Burning our Bridges: Offshore Tax Dodging and US Infrastructure Center for Effective Government
See also: How to tax $2.1 trillion in offshore profits? CBS Marketwatch

The U.S. Is One of the Least Taxed Developed Countries Citizens for Tax Justice

Who Pays Taxes in America in 2015? Citizens for Tax Justice

Kellogg’s pays just €7m corporation tax on €7bn sales directed through Ireland Irish Independent



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The Offshore Wrapper: the Panama Papers, one year on

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