Links Oct 12

Singapore shuts down 2nd Swiss bank, Falcon, & fines UBS, in crackdown re Malaysian sovereign fund 1MDB scandal swissinfo
See also Falcon Bosses Ignored Staff Warnings on 1MDB finews, and (from July 2016) How Malaysia’s 1MDB Fund Scandal Reaches Around the World Bloomberg

Swiss banks chasing Asia cash stung by dirty money crackdown The Straits Times

Uber’s main UK business paid only £411,000 in tax last year The Guardian

Facebook accused of ‘picking and choosing’ tax rules after paying just $5 million in UK CNBC
See also: Facebook enjoys £11m UK tax credit despite £5bn global profit The Guardian, and our earlier blog Facebook UK tax – TJN statement    

Facebook tells IRS it won’t pay billions over Irish tax manoeuvre ars Technica

Mali government escalates tax dispute with Jersey-headquartered FTSE 100 gold mining company CCH Daily

Fears Australia losing billions in liquefied natural gas tax sparks calls for inquiry The Guardian

Australia: Mining giant BHP Billiton ‘has evaded taxes for more than a decade’ The Guardian

Pakistan: Senate body to take up Panama Papers bill on Oct 13 Pakistan Observer

Cyprus: Some 600 identified in Panama Papers, deputies told Cyprus Mail

Tunisian General Labour Union’s campaign for tax justice Global Alliance for Tax Justice

Ireland’s Budget 2017: Finance Minister Noonan targets offshore tax defaulters The Irish Times
‘Pledge to make it criminal offence for those who fail to disclose accounts or assets held in tax havens’

You do not want to be on the radar of the IRS wealth squad Bloomberg
‘These are the audits from hell that your grandfather warned you about’

U.S.: Why Oregon’s shell company legislation matters Portland Business Journal



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