Wednesday, June 06, 2012

Links Jun 6

Reclaim the UN from corporate capture! Friends of the Earth
Jun 4 - Sign the civil society statement and join the campaign to stop UN corporate capture!

European Economic and Social Committee calls for more action to eradicate tax havens and to end this abusive practice La Celosía (In Spanish)
Jun 6 - Reporting on the position on tax havens adopted by The European Economic and Social Committee  - See EESC press release here, and comment from Red de Justicia Fiscal de América Latina y el Caribe here.

No future without justice Civil Society Reflection Group
Jun 5 - A broad coalition of civil society activists from around the world has published a report in the run-up to the Rio+20 conference. The report argues, inter alia, for fiscal and tax reforms based on globally accepted norms and values in the spirit of eco-social justice.

U.S. aims at five EU tax evasion deals this month Reuters
 Jun 4 - Update on FATCA. "The U.S. Treasury Department aims to complete agreements with five EU countries by the end of June to crack down on American tax evasion, and cooperation with more countries should be announced soon."

India: Kiran Bedi demands strong law to tackle black money NewsTrack India

Jun 4 - More news on the public protests in India against corruption and abuse of tax havens.

India: FM for hassle-free tax regime to encourage compliance FirstPost
Jun 4 - "Finance Minister Pranab Mukherjee today asked the revenue officials to build a transparent and hassle-free tax regime to encourage voluntary compliance and discourage evasion."

Philippines: AMLC-BIR ‘memo’ worries senators Business Mirror
Jun 4 - "Senators, wary over a possible breach of privacy laws, grilled Bureau of Internal Revenue (BIR) and Anti-Money Laundering Council (AMLC) officials on Monday about a recently discovered 2011 memorandum of agreement (MOA) to swap case records on suspected tax evaders and money launderers investigated by the two agencies. Sen. Joker Arroyo pointed out, for instance, that tax evasion was not on the list of so-called predicate crimes that allow the AMLC to open suspicious bank accounts linked to money-laundering activities."

See also:
BIR: 3 Corona relatives under probe for possible tax evasion philSTAR

Jun 5 - The Bureau of Internal Revenue (BIR) has confirmed that it is also investigating three family members of former Chief Justice Renato Corona for possible tax evasion.

Swiss tax pact allows cheats to prosper Financial Times
Jun 6 - Letter from Christian Aid Economic Justice Adviser, Joe Stead: "There is no logic whatsoever in publicly claiming a tough approach to tax evaders while behind the scenes doing a deal with a country that facilitates their activities while allowing them to go unpunished."

MF Global – epicentre London Treasure Islands
Jun 6 - Nick Shaxson observes how  the trail in the MF Global collapse leads to London. See the scheme in pictures.

Tax structuring: has another highly lucrative, highly secretive, financial services career just died a death? Reuters
Feb 28 - Interesting view on "the entirely legal, but seemingly nefarious, world of tax structuring (ie constructing complex schemes to trade and reduce tax liabilities)." 


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