Wednesday, June 12, 2013

Links Jun 12

EU vote marks birth of global transparency standard – G8 to pick up the challenge Global Witness
Landmark legislation a major defeat for Big Oil and boosts UK’s G8 push for extractive industries transparency. The law is a major victory for Global Witness and the Publish What You Pay coalition after more than a decade of campaigning for this measure.

G8 deal on tax can feed millions This is Money

David Cameron may be forced to water down key G8 aim over public disclosure of shell companies to stop tax evasion The Independent

Obama Urged to Back Plan to List Owners of Shell Firms NY Times

Canada: Tell Harper: Don't be a Spoiler on G8 Action to Stop Tax Havens Canadians for Tax Fairness
See also: The Problem With Tax Havens - Canada Should Embrace Global Movement towards Tax Transparency Huffington Post

Activists Press G8 Leaders on Beneficial Ownership The Wall Street Journal
See also reports in El País and Clarín

To combat tax avoidance, tough talk is not enough The Guardian

Swiss Committee Recommends Rejection of U.S. Tax Bill  Bloomberg

The high-security, high-concept vault where Deutsche Bank will store $9 billion of gold Quartz
"The irony of the Singapore FreePort is that it was designed by Swiss architects and security experts but competes directly with Switzerland for off-shore accounts."

North Korean Regime Could Have Wealth in Tax Havens DailyPressdotcom

How digital currencies democratize tax evasion Quartz
See also: Bitcoin among virtual currencies targeted in US crackdown on tax evasion The Telegraph

Jersey: Battling the tax haven label BBC

The Netherlands is not a tax haven, says minister DutchNews.nl

Delaware state turns defensive as tax debate steps up Financial Times (subscription)

Domestic Russian tax haven idea on back burner RT

Vodafone Defends International Tax Practices Tax-News

Transfer Pricing Assessment Shocks Danish Company Tax-News

Tax reduction jargon explained Financial Times (Subscription)

Multinational Profits: Here, There, or Nowhere? Huffington Post

Camp Announces Hearing on Tax Reform: Tax Havens, Base Erosion and Profit-Shifting U.S. House of Representatives, Committee on Ways and Means
Hearing to take place June 13

Secret files reveal more Canadians using offshore tax havens CBC
See also: Revenue Canada rejected secret tax haven files CBC

How the Big Internet, Software, and Computer Companies Are Ripping off America's Young People for Ill-Gotten Profit Truth-Out

Obama Axes Bank-Harrassing Gary Gensler at CFTC, Plans to Install Lightweight Ex-Goldmanite naked capitalism

G8: It's Time For Action On Money Laundering Transparency International

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