Links May 1
Lagarde list whistleblower faces nervous wait for extradition verdict The Guardian
Latest on this case involving taxes lost to Britain, France and Spain, exposure of methods employed by HSBC that allow money-laundering by drug-traffickers and terrorists, and mysterious deaths.
UK: The sinister HMRC investigation of the Goldman Sachs whistleblower The Guardian
Wells Fargo Hit With IRS Summons For Tax Haven Account Data Forbes
The IRS wants a bank in the U.S. to hand over data on U.S. taxpayers with accounts at a Caribbean bank. With the John Doe Summons and the application to a correspondent bank relationship, this case has very important implications.
U.S. officials arrest Swiss banker Reuters
Swiss Court Rejects Ex-HSBC Employee’s Appeal on Data Delivery BloombergBusinessweek
India: President Pranab Mukherjee hits out at MNCs for their intent to dodge taxes The Times of India
India: When in decision doubt, think of the weakest: Prez to IRS probationers Indian Express
Quoting Mahatma Gandhi, Mukherjee told the Indian Revenue Services probationers: "When in doubt while taking a decision, shut your eyes, try to remember faces of the weakest and think if your decision will hurt or heal him or her."
Zambia corners mining companies to stop tax evasion Mining .com
Auditor General's Report: We Deserve Better from the Canada Revenue Agency Canadians for Tax Fairness
Luxembourg seeks to overcome tax haven stigma Reuters
Cyprus government narrowly approves bailout Toronto Star
Cypriot lawmakers voted 29 to 27 to accept a bailout package. It must now consolidate and close banks, sweep money out of wealthy investors’ bank accounts and effectively end its status as an international tax haven.
Cayman commits to automatic tax information exchange Compass Cayman
Tough Times Ahead for German Tax Evaders Der Spiegel
Special Report - How Google UK clouds its tax liabilities Reuters
Financial Media Celebrates Apple’s Tax Evasion, sorry, Bond deal naked capitalism
See also: Joining the rest of America, Apple goes billions of dollars into debt Quartz
Through The Eye Of The Storm – BVI Exec Director Speaks Out Following Data Leak WealthBriefing
FATCA’s crucial sidekick, the hunt for ‘beneficial owner,’ pushed as G20 nations, senior US senators urge action Association of Certified Financial Crime Specialists (ACFC). See also: What Compliance, Tax & Operations Officers Need to Know About FATCA
U.S.: New GAO Report: IRS Has Collected Billions Of Dollars, But May Be Missing Continued Evasion Task Force Blog
Offshore Tax Havens: Sequestration Damages IRS Battle With Tax Evasion Huffington Post
Hackers are trying to create an untraceable and comprehensive financial system using bitcoin Quartz
Billionaires Suffer as Tax Shelters Go Away Bloomberg Businessweek
The war against tax havens el Nuevo Herald (In Spanish)
Hat tip: Jorge Gaggero
There’s no good reason to allow secret tax havens Quartz