Links May 17
'Finance ministers from 17 EU countries have backed a declaration calling for global action to counter tax evasion. They signed a joint statement at talks in Brussels warning that only a comprehensive worldwide system of exchanging tax information between national authorities will beat corporate tax dodgers. “Tax evasion is a global problem and we should look for a global solution, otherwise the problem is simply displaced,” said the statement.'
Communiqué from 8th Meeting of the Forum on Tax Administration, 16-17 May 2013, Moscow OECD
Disappointingly, calls for automatic information exchange within existing treaties instead of demanding a multilateral platform.
EU finance ministers talk tough on tax evasion, but agree on little Eurodad
ECOFIN Agrees On Savings Tax Directive Tax-News
Liechtenstein open to bank data exchange talks with EU Reuters
"We have signalled that we are ready for talks although we can't conceal that automatic exchange of information is not our favourite solution," Liechtenstein's new Prime Minister Adrian Hasler told Reuters in an interview in the capital Vaduz.
Luxembourg PM downplays swift tax evasion deal BloombergBusinessweek
Tax Haven Germany TJN Germany Blog
Massive failure by Cypriot banks on ‘dirty money’ Cyprus Mail
Deloitte said that 70 per cent of “the most complex ownership structures” have nominee shareholders and an average of three layers between the customer and beneficial owner.
Inter-American Development Bank: Latin American Tax Reform Needed The Latin Times
UK, U.S. and Australia investigating tax evaders from the 'offshore leaks' scandal TJN Latin America and Caribbean (In Spanish)
The great tax charade: Amazon plays the system while businesses like ours suffer The Independent
UK Independent bookstore owners write about their campaign against Amazon.
After Google, Amazon to be grilled on UK tax presence Reuters
Apple CEO Tim Cook to propose tax overhaul The Washington Post
Stash your cash in Switzerland? US and Europe push to make it harder. Yahoo News
Includes an overview of the Falciani affair.
Vatican Bank To Begin Publishing Annual Financial Reports Economy Watch
U.S.: Senator Rand Paul's Fight for Offshore Tax Havens Citizens for Tax Justice
Resource Governance Index Revenue Watch Institute
80% of countries fail to achieve good governance in their extractive sectors. Note remarks on the way forward.
Bitcoin exchange shut in online money-laundering crackdown Independent
Bermuda moves up to second in offshore deal volume The Royal Gazette
Austerity and growth: how is it going? Treasure Islands