Tuesday, July 12, 2011

Links Jul 12

Exclusive - Discs Swiss banker gave to WikiLeaks held no secrets Reuters
Jul 12 - On the story we blogged here on Ruedi Elmer, offshore banking whistleblower. The article quotes Jack Blum, a U.S. lawyer and former congressional investigator and Chair of TJN-USA, saying that it was "completely out of order" for Swiss authorities to detain Elmer without charge or trial for more than six months. "In civilized places, you don't hold people without evidence and without charges."

Switzerland: Tax assistance move wins few friends swissinfo
Jul 7 - 'The government’s call for a new law to bring tax matters into line with international standards hasn’t gone down well with cantons, newspapers or most politicians ... Konrad Hummler, chairman of the Private Bankers Association, said Switzerland shouldn’t give in to the OECD “yet again”.'

Tax evasion…when you rob government of funds to drive governance Business Day

Jul 11 - 'Before now, the issue of tax evasion has been discussed at various levels of gathering, yet, no expert or analyst has tangibly justified the reason for it. In summary, whether one engages in tax evasion willingly or unwillingly, the truth remains that one is robbing the government of resources to drive governance...'

Vodafone Trying to Intimidate, India Attorney General Says Bloomberg

Jul 7 - A Vodafone Group Plc (VOD) official’s comment that retroactive taxes discourage foreign investments in India is an “attempt at intimidation” over a $2.5 billion payment dispute, Attorney General Goolam Vahanvati said.

Greece: Black economy amounts to 30pct of GDP Kathimerini

Jul 12 - Tax evasion amounts to 4 percent of the country’s gross domestic product every year, according to a report by the Bank of Greece published on Monday.

Spat over Cayman Treasure Islands award GFS News

Jul 8 - More on the story on the spoof award by Travers, chairman of the Cayman Islands Stock Exchange to Nick Shaxson, author of Treasure Islands. "But, over a month later and after a few emails from Global Financial Strategy it transpired earlier this week that Travers had not yet paid the charity, despite the story and Shaxson's request appearing in publications including The Telegraph."


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