Tax Havens Using Nordic Jurisdictions as Shortcut to OECD White List
This headline is from the publication TaxAnalysts, whose site is subscription-only.
"Tax havens are pursuing tax information exchange agreements with Nordic jurisdictions because they can negotiate seven treaties at once, allowing them to quickly achieve more than half the number of agreements required to be moved to the OECD's white list of cooperative jurisdictions."
The report adds:
"There is no meaningful financial or trade movement with jurisdictions such as Greenland and the Faroe Islands," David Spencer, a New York attorney and senior adviser to the Tax Justice Network, said in the Reuters report. The seven Nordic jurisdictions reportedly are home to only 30 million people, less than 0.5 percent of the world's population."
As ever, the secrecy jurisdictions are getting what they want through tricks and shortcuts, as they battle to get access to the OECD's super-strength whitewash.
"Tax havens are pursuing tax information exchange agreements with Nordic jurisdictions because they can negotiate seven treaties at once, allowing them to quickly achieve more than half the number of agreements required to be moved to the OECD's white list of cooperative jurisdictions."
The report adds:
"There is no meaningful financial or trade movement with jurisdictions such as Greenland and the Faroe Islands," David Spencer, a New York attorney and senior adviser to the Tax Justice Network, said in the Reuters report. The seven Nordic jurisdictions reportedly are home to only 30 million people, less than 0.5 percent of the world's population."
As ever, the secrecy jurisdictions are getting what they want through tricks and shortcuts, as they battle to get access to the OECD's super-strength whitewash.
posted by TJN at 12:13 am
2 Comments:
True tax justice will be when people don`t get robbed by state crooks. I`ll bet more money is lost to crooked politicans and their friends than tax avoidance.
You and your friends may have nice government funded jobs but the rest of us pay for them.
The Reuters story dates back to 17 April and is available here:
http://www.reuters.com/article/governmentFilingsNews/idUSLH28840720090417
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