Country-by-Country Template Won’t Require Entity-by-Entity Financial Details, Andrus, Head of OECD’s Transfer Pricing Unit Says Bloomberg BNA
See recent TJN blog Submission to OECD on transfer pricing and developing countries
Not a palm tree in sight: Some onshore jurisdictions can be laxer than the offshore sort The Economist
See TJN’s Financial Secrecy Index.
Russia: A book too far The Economist
Cambridge University Press gets cold feet on publishing book provisionally sub-titled: “How, why and when did Putin decide to build a Kleptocratic and Authoritarian Regime in Russia and what is its Future? See also March 2014 Taxcast on Russia, Ukraine, Londongrad and the offshore threat to global security.
Corruption Warning Looms For Public Natural Resource Funds ICIJ
More on a story linked yesterday
Hewlett-Packard Pays $108m to Settle Money Laundering and Bribery Charges International Business Times
HP has admitted to creating a “slush fund” of shell companies and bank accounts to launder money for bribe payments in order to secure lucrative government contracts in Russia, Mexico and Poland.
Labor Union to Cash Rich Apple: “It’s Tax Time” Mission Local
Australia: Potato boss Paul Rennie ‘can’t recall’ overseas transactions, Federal Court hears The Sydney Morning Herald
Potato king Paul Rennie has told a court he is unable to explain why he sent millions of dollars to tax havens in transactions revealed by a Project Wickenby investigation. For background on Project Wickenby, Australia’s biggest tax sting, see here.
Financial institutions must comply with US tax evasion law The China Post
Germany to Give Banks Tax Relief on Subordinated Bail-In Capital Bloomberg Businessweek