Links Jul 12

Asian Development Bank Updates Policy In Wake Of Global Tax Developments

Uganda: Free Zones Authority to Push for Tax Incentives allAfrica / The Observer (Kampala)
See also: Visualising Uganda’s (and others’) tax treaties Martin Hearson’s Blog, and our recent blog: Quote of the day – tax incentives as official tax evasion

“Hidden Menace: How secret company owners are putting troops at risk and harming American taxpayers Global Witness

UBS CEO A Little Stunned Swiss Government Doesn’t Have Bank’s Back On Tax Evasion DealBreaker
See also: UBS accuses cabinet over opaque policy swissinfo – Chief executive “has criticised the Swiss government for its lack of transparency”

Brexit Empty Threats: The UK’s Fantasy of Becoming a Big Tax Haven naked capitalism
See also: Analysis: Brexit, UK upheaval threatens anti-corruption efforts OCCRP, and our earlier blog: Brexit gets worse as London seeks to wriggle free from UK

Australia: Facebook’s $33m revenue questioned The Sydney Morning Herald
One advertising executive said: “If they only wrote $33 million in revenue I’ll dance nude in the city during peak hour.”

Facebook, Leprechauns And The Cayman Pot Of Gold Forbes

U.S. tax agency investigates Facebook’s Ireland asset transfer Reuters

U.S. Treasury Chief Lew Set for Apple Tax Showdown With EU Bloomberg

What country-by-country reporting data should look like Tax Research UK

HSBC escaped US money-laundering charges after UK chancellor Osborne’s intervention The Guardian
See also: U.S. Congress Exposes That DoJ Overruled Recommendation to Indict Money Launderer HSBC Over Too Big to Fail Worries naked capitalism

SEC Says Jailed Hedge Fund Manager Still Hiding Funds in Swiss Banks Bloomberg

Messi and other soccer stars avoid taxes by exploiting a basic human right Quartz

 

 

 


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