Links Feb 17

Ikea accused of evading over 1 billion in tax payments Global Alliance for Tax Justice

Apple issues bonds worth estimated $12bn The Guardian
“Move would allow the company to pay shareholders without having to repatriate any of $177bn it holds overseas at lower tax rates than in US”. See also: Don’t tell me tax abuse doesn’t screw up markets Tax Research UK

India sends renewed £1.4bn tax notice to Vodafone BBC

Puerto Rico woos US investors with huge tax breaks as locals fund debt crisis The Guardian
“Schools and hospitals are at breaking point but the governor is offering hedge fund billionaires ‘unparalleled incentives’ to move to the Caribbean territory”

Swiss 1,000-franc note here to stay despite ECB qualms Reuters
See our recent blog Big Bills: how our central banks nurture money launderers and kleptocrats

Harry Potter and the Riddle of RBS’s Disappearing Tax Bill Bloomberg

Jersey and Guernsey — Rival offshore financial centres downgraded The Royal Gazette

Scottish offshore tax avoidance firms registered at Government building Herald Scotland

The ‘extraordinary’ loophole that saw Russia threaten to brand UK as tax haven Herald Scotland

Ireland toughens its stance on EU tax probe after US cries foul Irish Independent

Wanted by U.S.: The Stolen Millions of Despots and Crooked Elites The New York Times

Vote! Music for the tax justice movement – The 2016 Honesty Oscars Global Alliance for Tax Justice

Julius Baer’s American clients face increased penalties for voluntary disclosures STEP

Victims of the Mexican drug war are suing the banks that handled the cartel’s money Mother Jones


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