Links Aug 10

Swiss banks step up battle for Asia’s super-rich Reuters
See also: Coutts Millionaires to Reverse Loss at UBP Asia Private Bank Bloomberg

Brazil tax amnesty plan may struggle to lure back offshore assets Reuters

Petrobras Oil Scandal Leaves Brazilians Lamenting a Lost Dream The New York Times

Will Ireland’s tax-incentive ‘knowledge development box’ beat the competition? The Irish Times
“The new tax incentive for innovation will probably be curtailed due to global pressure”. See also recent blog Patent boxes: progress, or more racing to the bottom?

Nigeria to introduce new rules to stop tax evasion Reuters

India seeks to step up scrutiny of offshore wealth managers Reuters

Canada Revenue Agency targeting mining-sector tax havens Business Vancouver
“Tax evasion by Canadian companies using offshore havens promises to become election issue”

U.S.: New Rule to Lift Veil on Tax Breaks The Wall Street Journal (paywall)
See also: This New Rule Will Bring Secretive Corporate Tax Breaks to Light Yes! Magazine “Every year, governments spend tens of billions of dollars on tax breaks for private companies. Now, state and city governments will have to start reporting it as lost income.”

Revenues surge as global crackdown on tax evasion gathers pace Financial Times (paywall)



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