Links Sep 30

The Real Scandal Behind the Panama Papers Vanity Fair

Panama has passed a law to implement sanctions vs anyone who calls it a tax haven E&N (In Spanish)

Capital mobility: The good, the bad and the ugly The Economist
‘True FDI is an unalloyed benefit. But the growing practice of using offshore investment to avoid corporate tax might make capital mobility the target of popular anger’

Mauritius rides wave of Asian investment in Africa Financial Times
‘When the Bank of China secured a Mauritian banking license in March … Its arrival was the latest addition to what the finance ministry describes as an “important number” of Asian state-owned enterprises using Mauritius as a launch pad to Africa.’

Secret Alpine Gold Vaults Are the New Swiss Bank Accounts Bloomberg Businessweek

Japan to tighten taxation rules on overseas dummy companies The Japan Times
See also: Tokyo seeks wider scope to target tax avoidance Nikkei Asian Review

New Zealand: Tax audits of large companies plummet NZ Herald

Indonesians line up to beat deadline for tax amnesty’s best terms Reuters

Ireland Doesn’t Want Apple’s Back Taxes, but the Irish Aren’t So Sure The New York Times

Pakistan: ‘Offshore’ has different meaning for Imran’s lawyer The News

Denmark Pays $900,000 for Panama Papers in Hunt for Tax Cheaters Bloomberg

IMF queries lawyers and bankers on hundreds of IFSC boards The Irish Times
‘Special-purpose vehicles home to more than €700 billion of assets’

Overcharged: the high costs of high finance Fools’ Gold – rethinking competition

Some Highlights of the 2016 China-led G20 Summit”.  Just Governance Blog – Heinrich Boell Foundation
On Base Erosion and Profit Shifting (BEPS): ‘While non-G20 member nations are invited to “join on an equal footing”, they were not invited “on an equal footing” to design the rules.’

A summary of the 21st century economic problem in one tweet Tax Research UK

Hot Mess: How Goldman Sachs Lost $1.2 Billion of Libya’s Money Bloomberg Businessweek



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The Offshore Wrapper – Data havens and new crackdowns on tax avoidance

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Open data for tax justice – designing a new CbCR database

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New research on key role major economies play in global tax avoidance

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Launch of international research collaboration, #AltAusterity

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