International community continues making progress on tax transparency OECD
Global Forum on Transparency and Exchange of Information for Tax Purposes issues 12 new reports. See here for background and resources on Information Exchange
Bahamas claims FATCA exemption for foundations STEP
“The recent negotiating trip to Washington resulted in a ‘sponsored exemption’ for foundations, as well as a previously granted exemption for trusts with a professional trustee”
UK Company ownership register will name ‘controlling’ trust beneficiaries STEP
See also recent blog On Britain’s new honesty box for corporate fraudsters
UK ‘a tax haven for multinationals’ BBC
See also recent blog: Fiat moves tax domicile to tax haven UK – but will it create jobs?
Former China Resources chief Song Lin linked to two tax haven companies South China Morning Post
Too Big to Jail Newsweek
David Cay Johnston on Bill Black.