Links Aug 20

The International Tax System is ‘Repulsive And Inequitable.’ Here’s A Way To Fix It. Huffington Post

Income tax helps tackle inequality Buenos Aires Herald
“Increasing the income tax paid by the wealthiest would help to tackle inequality and improve income distribution in Latin America, experts of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) concluded in a report…”

OECD Publishes Guidance on International Standard for Automatic Exchange of Tax Information UNPAN

Petition – Help shine a light on corporate tax avoidance GetUp! Action for Australia
See also: More than naming and shaming needed to stop corporate tax avoidance The Conversation, ATO looks into Chevron, ExxonMobil and Shell’s $60b tax-free windfall  Australian Financial Review, and recently linked TJN-Australia media release Shining a light in dark places – Senate Committee recommendations to address corporate tax avoidance welcomed

Denouncing the theft from Peru by multinational corporations LatinDADD (In Spanish)

Equality through reforming progressive taxation Estudios de Política Exterior (In Spanish)

India: Government approves pact with Seychelles to curb tax evasion, avoidance The Economic Times

Finance Pros Eager for Tax Planning Certainty fei Daily
On Grant Thornton’s International Business Report: “The vast majority [of respondents] would actually support paying more in tax in exchange for clearer guidance from tax authorities on what is acceptable tax planning”

McDonald’s faces global scrutiny at Brazilian senate’s human rights hearing The Guardian
“Workers, trade unionists and politicians from five continents testify to Brazilian senate over allegations of tax evasion and unfair competition”

Two Swiss Banks Reach Resolutions under Justice Department’s Swiss Bank Program U. S. Department of Justice
See also: Swiss Banks to Pay $4.4Mln Fine to Comply With US Tax Regulations Sputnik

Sons of Indicted Swiss Financial Adviser Keep Business in the Family Bloomberg Businessweek

Bank pays €22 mn for Luxembourg tax evasion activities LuxemburgerWort

UK Government lowers wealth sights for tax investigations International Adviser



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