Links Jun 21
Liberia Booked? Illicit Financial Flows From Africa Shows Trail in UN Panel Report allAfrica
"A recent background paper by the United Nations Commission for Africa and the High Level Panel on Illicit Financial Flows from Africa has listed Liberia among a number of countries serving as a hub for offshore banking centers used by multinationals for tax havens to set up shell companies that can be used for a variety of tax evasion schemes."
Resource companies ripping off Africa - AfDB chief Reuters
President of the African Development Bank, Donald Kaberuka, says mining and energy companies operating in Africa should pay more taxes.
Angola Reduces Illegal Capital Outflows, Finance Ministry Says Bloomberg Businessweek
Guinea Says U.K. Is Helping U.S. Probe Into Corruption in Guinea The Wall Street Journal
Mauritius: tax status on the radar Financial Times (subscription)
India:The UBS link in offshore accounts Business Standard
Mexico applies to be first non-EU country in new international tax agreement STEP
EU orders five countries to apply new laws on tax evasion Reuters
Council of the European Union Requests ICIJ Offshore Data
France Readies Tax Haven 'Black List' Tax-News
French Finance Minister Pierre Moscovici revealed plans to submit an amendment to the anti-tax evasion bill, providing that any countries that elect not to adopt an automatic exchange of information in 2015 will be placed on France's "black list."
Jersey court dismisses first-ever appeal under TIEA regs International Adviser
US Publishes G8 Beneficial Ownership Plan Tax-News
Stop these havens being the first port of call for avoidance Tribune Magazine
Prem Sikka outlines how politicians with the will to do so could make a serious dent in corporate tax avoidance
U.S. and Other G8 Governments Move to Prevent Tax Evasion and Avoidance, But Is It Enough? Citizens for Tax Justice
OECD says Ireland must apply 12.5% corporate tax rate not 2% Finfacts
OECD official optimistic G8 tax plans mark beginning of end to secret money Thomson Reuters
Caribbean islands in tax evasion clampdown Trinidad and Tobago Newsday
See also: FactCheck update: another tax haven loophole Channel 4 News "For obscure historical reasons, it appears that the Channel Island of Sark has quietly managed to dodge David Cameron’s efforts to rein in the offshore havens."
‘Monstrous uncertainty’ hangs over Swiss banks Financial Times (subscription)
Liechtenstein Adopts Consultation On Austrian Tax Deal Tax-News
Italy court rejects bid to block Berlusconi tax fraud verdict Reuters
Messi summons over Spain tax fraud BBC
Tax havens may soon lose their charm The Hindu Business Line
A Cautionary Tale CBC
The allure of investing in offshore tax havens made many fall prey to a con man that scammed millions from Canadians.
Ireland Has Nothing to Fear From G8 Tax Proposals -Irish Finance Minister The Wall Street Journal
FATCA Rebels Battling To Stop Tax Law Starting iExpats
How Wall Street Fraudsters Plunder Public Finances, And How to Fight Back naked capitalism