Wednesday, April 22, 2009

International News - April 22

** Also see our searchable archive of past story summaries; and Offshore Watch **

Mexico's Dirty Cash
April 20 (ISN) As much as US$25 billion in drug money is laundered in Mexico annually, and some experts say the Mexican financial system is set up to facilitate money laundering rather than impede it, writes Samuel Logan for ISN Security Watch.

Philippines to revise bank secrecy laws
April 20 (FT.com) The Philippines is preparing to revise its bank secrecy laws and strengthen the hand of anti-money laundering investigators following a brief appearance on the Organisation for Economic Co-operation and Development’s tax haven blacklist.

German cabinet to discuss plan to fight tax dodgers
April 20 (Reuters) The German cabinet will discuss a draft law to fight tax dodging at its meeting on Wednesday, finally addressing the issue after numerous delays, a government spokesman said on Monday.

Guyana Discusses Offshore Financial Centre Proposals

April 20 (Tax-news) - Guyana’s Minister of Finance, Ashni Singh (pictured), underlined his support to facilitate the development of Guyana as an Offshore Financial Centre at a meeting of senior Government officials and representatives of the Guyana Association of Bankers.

Greenland liked by offshore centres for tax deals
April 17 (Reuters) Offshore centres are rushing to sign data exchange tax deals with small Nordic countries such as Greenland to be taken off a "grey" list of tax havens, making a mockery of a G20 bid to clamp down on evasion, campaigners said.

Tax rates
April 17 (TJN) - . . . have been higher before. US Cartoon

Tax havens: India getting serious?
April 17 (TJN) - The Indian Central Board of Direct Taxes is investigating ways of acting against roundtripping and treaty shopping, capitalizing on concerted attempts worldwide to force greater disclosure on tax havens, Tax News reports.

India waking up - Part II
April 17 (TJN) - We have just noted the tax justice agenda starting to create ripples in India. Now we've been sent something else from TaxAnalysts - no link, unfortunately, as it's a subscription-only service. This new article, which quotes TJN, may help explain the moves by India to try and tighten up on tax havens.

The Solution to Ireland's Austerity Plan - Make Bono Pay Tax
February 26 (CounterPunch) Cork-born British television super-star Graham Norton commented at the time: "People like Bono really annoy me. He goes to hell and back to avoid paying tax. He has a special accountant. He works out Irish tax loopholes.

Guyana Discusses Offshore Financial Centre Proposals, by Phillip Morton, Investors Offshore.com
April 20 (Tax-news) - Guyana’s Minister of Finance, Ashni Singh (pictured), underlined his support to facilitate the development of Guyana as an Offshore Financial Centre at a meeting of senior Government officials and representatives of the Guyana Association of Bankers.


2 Comments:

Blogger Jim said...

I am truly impressed by your blog and its issues. I want to make a guest post so that I can be included in your network.

10:46 pm  
Anonymous TJN said...

Jim please send a message to shaxson (at) gmail dot com, and explain who you are and what you have in mind. Thanks.

1:41 am  

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