From Sigrid Klæboe Jacobsen, Director of TJN – Norge
In December, the Norwegian Parliament voted in favour of implementing country-by-country reporting. The Ministry of Finance has now announced the new regulations which tells us exactly what we’ve got, and what we haven’t got.
The International Consortium of Investigative Journalists has pulled another humdinger of an investigation, publishing a Who’s Who in China’s offshore circles.
We could highlight any number of things from this excellent report, but we’ll choose just two:
From the Davos OpenForum 2014:
“Switzerland is known for its chocolate, watches and banking sector. But today, with traditional banking secrecy gone, the country has to reinvent itself to retain its competitive advantage.”
Our emphasis added. That’s news to us.
Our attention has been drawn to a fascinating new report (sadly, in German only, an English language summary is here) on Switzerland’s double tax agreements (DTAs) with developing countries. Interestingly, although the report was produced by researchers from the renowned World Trade Institute at the University of Bern, the underlying study was commissioned by the development agency of the Swiss foreign ministry. However, since the findings are critical of Switzerland’s current international tax policy, the report has been hidden away in an obscure corner of the ministry’s website; we think its findings deserve a wider airing.
In the January 2014 Taxcast: Tax justice goes to the Cayman Islands;
the latest fall-out from #OffshoreLeaks, the expose on tax havens from
the International Consortium of Investigative Journalists; and HOW
much is Africa spending on corporate tax breaks??? The Taxcast looks
at tax incentives, Africa-style.
According to Mediapart the French government is under fire, again, this time over its decision to remove both Bermuda and Jersey from its blacklist of uncooperative tax havens. Senior members of the government, including foreign affairs minister Laurent Fabius, are reported to be opposed to their removal. Mediapart reports that Fabius has advised finance minister Pierre Moscovici that these removals are “not politically opportune.”