Links Jan 25

Google £130m UK back-tax deal lambasted as ‘derisory’ by expert The Guardian
Cites TJN Senior Adviser Prem Sikka. See also Prem’s report Some Questions about Google’s UK Tax Settlement of £130 million, also MPs attack deal to let Google to pay ‘relatively trivial’ £130m back taxes The Guardian, and Google in Talks to Settle European Tax Disputes The Wall Street Journal

Can Cayman be wound up? Someone can’t be telling the whole truth Tax Research UK
On the BBC programme Britain’s Trillion Pound Island – Inside Cayman – warmly recommended.

A Hong Kong move unlikely to slash HSBC tax bill Reuters

State aid: Commission adopts three decisions requiring taxation of ports in the Netherlands, Belgium and France European Commission – Press release
See also: Netherlands Defends ‘Unlawful’ Port Tax Breaks Tax-News

India, France to explore avenues to check offshore tax evasion The Economic Times

UBS says to cooperate with French probe into 38,000 accounts Reuters

U.S. Justice Department Announces Leodan Privatbank AG Reaches Resolution Under Swiss Bank Program
Another one …

Credit Suisse Sees Flight From Emerging Markets as Opportunity Bloomberg
“Switzerland’s second-biggest bank after UBS Group AG is betting on growth in Asia, eastern Europe and other emerging markets, where it plans to build up its business of managing money for the wealthy.”

European access concerns Swiss wealth managers swissinfo

Clamp-down on multinationals’ ability to avoid Europe taxes The Irish Times
“Companies face severe constraints on tax avoidance in light of LuxLeaks scandal”



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