Links Aug 2

Most of TJN's bloggers are currently away, so posting will be relatively limited for the time being.

Senate moves to end anonymous shell companies to crack down on money laundering, tax dodging and corruption Global Witness
See also: Senate Floor Statement on Introduction of the Incorporation Transparency and Law Enforcement Assistance Act

UK: Taxing multinationals: Lords sets out the case for unitary taxation and then dismisses it in favour of Devereux’s unworkable scheme Tax Research UK

Country-by-Country Reporting: Country-specific disclosure requirements for companies - a contribution to the strengthening of public finance in developing countries TJN Germany Blog (In German)

Watchdog drops probe into KPMG’s audit of BAE Financial Times (Paywall)
"Prem Sikka ... attacked the decision to drop the case. 'It just shows how the FRC is really a cheerleader rather than a regulator for the big accountancy firms'"

The race is on, but the field is limited in the auditing business The Conversation
Prem Sikka: Is auditing itself the biggest fraud?

South Korea's former tax chief arrested on bribery charges Ths Straits Times

From Vodafone to HMRC is just one small step Tax Research UK

Spain PM denies taking illegal funds but admits handling scandal badly The Guardian

Italian Court Upholds Berlusconi Sentence for tax fraud, Setting Stage for Crisis The New York Times

San Marino Off Italian Blacklist Tax-News

OECD's Global Forum on Tax Transparency: New reports review jurisdictions’ information exchange

OECD invites public comments on the White Paper on Transfer Pricing Documentation

U.S.: Obama's Better Bargain and Our Perverse Politics The Nation

Apple, Google Among Top U.S. Companies Parking Cash Offshore To Reduce Taxes, Study Says Forbes
More on the U.S. PIRG study linked yesterday.

Tax Payment: A Moral Issue The Nation

Wealth managers neglecting clients every investor