Tuesday, February 22, 2011

Links Feb 22

New transparency laws could help millions PWYP International
Feb 20 - A press release by our friends at Publish What You Pay - "The Publish What You Pay coalition strongly welcomes the announcement by the UK Government that it will push for the implementation of oil, gas and mining transparency laws in the EU. If introduced, such laws would require that companies listed in the EU publish what they pay to governments for the extraction of minerals around the world". Indeed a welcome step forward.

Turning Barclays into a Library
Tax Research UK
Feb 22 - Richard Murphy on an expression of UK Uncut's art in protest.

Turning CSO demands on tax justice into binding European law
Feb 21 - Civil society groups are calling on the European Union to live up to the highest standards of financial integrity and, by making the right legislative decisions on EU accounting rules, help curb the untaxed USD 800 billion that flows out of developing countries each year.

Greece's Efforts to Limit Tax Evasion Have Little Success
New York Times
Feb 20 - "Various studies have estimated that Greece may be losing as much as $30 billion a year to tax evasion — an amount that would have gone a long way to solving its debt problems." See the TJN blog Tax Havens at the Core of the Greek Crisis

Greece plans tough tax evasion laws
Financial Times
Feb 21 - "Greece has unveiled tough legislation to reduce tax evasion as part of reforms agreed in return for a €110bn bail-out by the European Union and the International Monetary Fund. A draft bill presented to parliament on Monday proposes jail sentences for people convicted of non-payment of income tax obligations above €75,000 and value added tax above €150,000."

Banker said to be held in offshore inquiry
New York Times
Feb 22 - A senior private banker a Credit Suisse has been arrested in the United States in connection with a federal investigation into the Swiss bank’s work with questionable offshore accounts.

Group warns of tax avoidance in new rules
Financial Times
Feb 22 - Report on a submission by our friends at ActionAid to the UK Treasury on proposed reforms to the UK’s controlled foreign company (CFC) regime. "The group criticised a failure of the Treasury to consider the development impact of the reforms."


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