Ending poverty devex
Switzerland proposes severe punishment for bank secrecy breach Zee News
A fresh setback to India’s efforts to get details of the so-called HSBC list from Switzerland. See also: Swiss Federal Council advocates better protection of bank client data Kuwait news Agency, reporting that “the relationship between the client and the financial institution in Switzerland will not be affected by the [Automatic Exchange of Information] AEOI”.
Switzerland “suffering under Brazil’s arbitrary tax decisions” Financial Secrecy Media Monitor
HSBC Argentina under investigation for alleged tax evasion and money laundering Noticieros Televisa (In Spanish)
See also: HSBC raided in laundering investigation Buenos Aires Herald
UK regulator rates Cayman ‘high risk’ Compass Cayman
UK: HMRC says offshore trusts cannot use Liechtenstein settlement facility Financial Times (paywall)
Tax changes must be in tandem with other states – US chamber The Irish Times
See also TJN on Tax ‘competition’ – more accurately known as Tax Wars here.
The New Tax Fad: Are Corporate Inversions Fair? Bloomberg TV
Video briefly and clearly explains the inversion issue.