Links Oct 13

Facebook tax bill highlights Osborne’s ‘diverted profits’ levy Financial Times (paywall)
Cites TJN’s research director @alexcobham: “it is simply not credible that Facebook is unprofitable in one of its more mature and active markets such as the UK. Examples like this simply serve as a reminder as to why urgent action is needed to improve tax rules and ensure that profits are declared where value is generated.” See also: Facebook’s £4327 tax bill triggers calls for more government action on corporate tax Cites TJN director John Christensen, and The real questions we should ask about Facebook and tax The Guardian, comment by @RichardJMurphy

Inequality is the great concern of our age. So why do we tolerate rapacious, unjust tax havens? The Guardian
Comment by Gabriel Zucman

Oxfam calls for a second generation of corporate tax reforms Oxfam International Blog

How MTN Uganda’s offshore stash sent URA on the hunt Observer
See also earlier blog Finance Uncovered: how Africa’s biggest cell phone firm shifts billions offshore

Nigeria: Corruption hampers tax system—TUC Daily Trust

HSBC whistleblower Falciani fails to appear at Swiss trial Reuters,
See also: Court case against HSBC whistleblower adjourned The Local, and recent Guest blog: how Switzerland corrupted its courts to nail Rudolf Elmer 

More Swiss banks ink amnesty pacts with US The Straits Times

Ex-Bank Leumi Execs to Partially Return Bonuses After U.S. Tax Evasion Probe Haaretz

Tax policy must help create equality Latindadd (In Spanish)

The Jig Is Up: Combatting Tax Fraud Forbes
Headline is overstated, but interesting tax data (as commented by @alexcobham)

 


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The Offshore Wrapper: the Panama Papers, one year on

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