Links Mar 9

You’re A Rich Tax Dodger? No Problem, Says Canada Revenue Authority Canadians for Tax Fairness
See also: Critics want public hearings into Canada Revenue amnesty for KPMG offshore tax dodgers CBC

US and EU clash over tax practice clampdown The Irish Times
“Washington urges Brussels to ‘reconsider’ its approach to American multinationals”

Industry body helping Cayman Islands Government dodge public beneficial ownership register Cayman News Service

Tax income: Luxembourg set for a “huge change” Luxemburger Wort
See also: Luxembourg Announces Corporate Tax Cut Tax-News

Nigeria – Switzerland: Agreement secured on return of Abacha funds swissinfo

Indonesia’s tax crackdown on foreign Internet/ OTT companies Digital NewsAsia

‘Corruption in Philippine Sports Prevalent’ The Manila Times
“Complex techniques are used to launder money through football and other sports. These include cross-border transfers, tax havens and front companies”:  Transparency International

Bank Secrecy: U.S. requests Swiss bank UBS disclose records on Singapore account STEP

UBS and Deutsche Bank Lose British Tax Case on Bonuses The New York Times

UK: North Sea oil industry calls for rescue package of tax breaks in budget The Guardian
See also our recent blog Do not listen to Big Oil’s whining for tax cuts 

Fortune 500 Companies Hold a Record $2.4 Trillion Offshore Citizens for Tax Justice

U.S.: Democrats and Republicans Are Quietly Planning a Corporate Giveaway—to the Tune of $400 Billion The Nation

Hedge Funds: New York Legislators Take Aim At Carried Interest Tax Loophole ValueWalk

UK: New Troup movements at HMRC Private Eye
New HMRC executive chairman is “Edward Troup, the former City lawyer who once told the Financial Times that tax was ‘legalised extortion’ “

KPMG really do have to learn how to account for tax Tax Research UK
See also: KPMG and country-by-country reporting: a work in progress

 

 


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