Friday, June 21, 2013

Links Jun 21

African Union Chair Dlamini-Zuma Complains That Discussions On Tax "Always Take Place At the End of the G8" allAfrica

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)
See also: Swiss - U.S. Stalemate Over Bank Information on U.S. Clients -- Next Move - U.S. Federal Tax Crimes

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


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