Tuesday, September 11, 2012

Links Sep 11

Alone against bank secrecy Stern (In German)
Sep 9 - Reporting on Ruedi Elmer's case. The piece points out that Elmer does not seek to gain money from selling bank data, his intention is to create awareness and change the system.

Banks and tax havens CCFD Terre-Solidaire

Jul 18 - Report observes that "The French regions are better at implementing transparency than the G20", and raises questions on the presence of French banks in tax havens.

Russia Confirms Bribes No Longer Tax Deductible Tax-News
Sep 11 - "According to Transparency International, prior to the adoption of the OECD Anti-Bribery Convention, in 1999 paying bribes abroad was a tax deductible expense in at least fourteen OECD countries."

Liechtenstein Eyes Tax Data Exchange With Germany Tax-News
Sep 11 - "Determined to shake aside its image as a tax haven, Liechtenstein is currently considering the idea of concluding a withholding tax agreement with Germany, providing for an automatic exchange of tax information."

Sudan can end economic crisis with cuts, better tax collection-IMF Reuters Africa

Sep 3 - "Analysts blame corruption and cronyism for lax tax enforcement with authorities often granting tax exemptions for people with the right connections." Hat tip: Ann Njeru.

USA: Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket Institute for Policy Studies 
Sep 7 - "How our tax dollars subsidize exorbitant executive pay."

See also:
CEOs and Corporations: In Bed With the IRS Investor Place

Sep 7 - "A new report shows it's even worse than you think". Also cites Citizens for Tax Justice.

Fortune 500 Companies Reserved More for Taxes Than They Paid in Taxes TaxProf
Sep 10 - On the Ferraro 500 "[C]ollectively the Fortune 500 companies believe that they have underpaid their corporate income tax by $187.5 billion, which is ironically more than the $181 billion in total U.S. corporate income tax that the Treasury Department said was actually paid last year by all corporations."

Romney & Ryan on Tax Reuters
Sep 7 - David Cay Johnston reports. "What we need instead is a tax system that encourages strivers in competitive markets, not a perpetual oligarchy."

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