Monday, September 17, 2012

Links Sep 17

US, UK Sign FATCA Agreement Tax-News
Sep 14 - "On September 12, the United States and the United Kingdom governments announced the signing of a bilateral agreement to implement the information reporting and withholding tax provisions within the Foreign Account Tax Compliance Act (FATCA)."

See also:
U.S., U.K. Sign Pact to Enforce FATCA Wall Street Journal

Sep 14 - "The U.K. is the first country to agree to implement the  tax-reporting requirements under the 2010 Foreign Account Tax Compliance Act. Treasury said it expects to sign agreements with other countries in the near future, noting the U.K. deal is based on a model agreement developed in consultation not just with London but the governments of France, Germany, Italy and Spain."

UK: Manna from havens: Taxing questions for Osborne over new loophole for the rich Mirror

Sep 16 - "The Government will lose out on an estimated £1billion in tax revenues, that’s according to the Treasury’s own figures."

Africa and the War Against Offshore Finance naked capitalism
Jul 27 - Real News Network's
interview with Léonce Ndikumana, Professor of Economics at the University of Massachussets – Amherst, and Director of the African Policy Program at the Political Economy Research Institute (PERI).

Tax 'traitors' widen divisions in belt-tightening France Guardian

Sep 14 - "Most French citizens believe that the rich elite should pay more in tax, but not so much that it will drive them to flee abroad."

Germany will nix Swiss tax deal: ex-chancellor Schroeder Expatica

Sep 15 -"A pending German deal with Switzerland aimed at halting tax evasion does not go far enough and will likely be rejected by the German parliament, former chancellor Gerhard Schroeder said."

Is Jersey going bust? Tax Research UK
Sep 14 - Richard Murphy notes recent developments, in the context of what he has "long said (since 2005) that Jersey would run out of cash, then borrow and would eventually go bankrupt as a result of its absurd tax haven tax strategies."

Nomination for most influential left-wing thinker 2011/12: Richard Murphy Tax Research UK
Sep 16 - Richard Murphy has been nominated in the Left Foot Forward poll for most influential left wing thinker of 2011/12. The nomination can be read here.

U.S. Which tax cuts stimulate the economy? Reuters
Sep 12 - David Cay Johnston comments on a study by Owen M. Zidar, a graduate economics student at the University of California at Berkeley, and a former staff economist on the White House Council of Economic Advisers for President Obama.

EuroVegas is a gamble not worth taking Financial Times
Sep 14 - On how "Madrid will have done little more than help a cosseted American corporation spread inequality and woe" through becoming the site for a "European imitation of Las Vegas".


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