Links Jul 4
Jul 3 - Saga of tax evasion, large cash transfers from Swiss bank accounts, and allegations of illegal campaign contributions.
Jul 4 - More on Nicholas Shaxson's Vanity Fair report ---"While his campaign insists Romney has not exploited the offshore havens to avoid paying necessary US taxes, the difficulty in tracking the overseas transactions and holdings raises questions about the candidate's finances in the heat of a campaign."
Jul 2 - Reporting on a recent screening of "We're Not Broke."
Jun 26 - "The IRS and the Justice Department have been pursuing criminal cases against U.S. taxpayers with undeclared assets around the world. In many cases, the U.S. has used data on promoters, advisers and bankers that it gleaned from voluntary disclosures."
Jul 4 - Head of the Chartered Institute of Taxation has said "The UK's mis-selling laws could be used to crack down on promoters of 'dodgy' tax schemes."
Jul 4 - News on the famous British football (soccer) club - "Under the reorganisation, the team would become a wholly-owned subsidiary of Manchester United Ltd, a newly-formed holding company based in the Cayman Islands." See comment on Tax Research UK.
Guatemala Debt Beats Regional Peers As Tax Plan Reverses Deficit Bloomberg
Jul 4 - Reporting on Guatemala's economy - includes strengthening measures against tax evasion.
The World’s Wealth Capgemini/RBC
From The World Wealth Report 2012: "The population of high net worth individuals edged slightly higher in 2011 while global wealth declined."
Jul 3 - Letter from Philip Jennings, General Secretary, UNI Global Union, Switzerland - "The crisis is a direct result of a system rigged for the benefit of the elite ... Democracy has to tilt the power balance back toward fairness, transparency and inclusion. Only through a global independent inquiry with the power of sanctions will this be possible."