Links Jul 3
The British Virgin Islands’ Box 438: The Best-Connected, Tax-Friendliest Address in the World? Vanity Fair
What's In Romney's Offshore Accounts? The Nation
Jul 3 - "Shaxson does not allege that Romney or Bain has ever broken the law. But the public has a right to know about ethics and probity, not mere legality, of Romney’s personal and professional financial history."
Is Mitt Romney Secretly Stashing Money In Offshore Bank Accounts? Business Insider
Jul 3 - “What Romney does not get,” Washington lawyer and offshore expert Jack Blum told VF, “isthat this stuff is weird.” - Jack Blum is Chair of TJN-USA.
Keep the Dictators Out of Malibu New York Times
Jul 2 - "Despots and crooks love to bring their money to America, not only for prestige but also because our corporate secrecy laws, like those of Switzerland and Luxembourg, make it almost impossible for law enforcement agencies to figure out who has money sheltered here. So long as those loopholes remain open, ... there is nothing to prevent future Mr. Obiangs from laundering their money in the United States."
Australian Tax Office targets Pacific tax havens Radio Australia
Jul 3 - "Business executives hoping to hide their income in Pacific tax havens have been put on notice by the Australian Taxation Office ... they are the next targets of Project Wickenby." See recent blog.
Money Laundering Tip: If they don’t serve the time you haven’t done the crime Eurodad
Jul 3 - On why the Financial Action Task Force’s (FATF) recommendation that tax crimes be made a money laundering predicate offence should be adopted worldwide.
New chair of HMRC is former KPMG senior partner Tax Research UK