Monday, September 24, 2012

Links Sep 24

Tanzanian investor evades tax, goes into hiding The East African
Sep 22 - "The Tanzania government is threatening to revoke the licence of a mining firm over tax evasion ... Investigators say they have found a link between the tax evasion and [an] Italian party and a gold smuggling ring. The cash from the sale of the gold is believed to be deposited in accounts in Switzerland under a fictitious name." Hat tip: Ann Njeru.

Nigeria: NEITI Urges Agencies to Recover U.S.$9.8 Billion From Companies allAfrica

Sep 24 - The Chairman of Nigeria Extractive Industries Transparency Initiative, (NEITI) Ledum Mitee has called on relevant government agencies responsible for custody and management of the extractive resources revenue to take practical steps to recover the sum of $9.8 billion ... from oil and gas companies."

Assets found in Switzerland “a drop in the ocean” swissinfo

Sep 21 - "Acting on behalf of the Tunisian government in the affair, lawyer Enrico Monfrini says the fact that so little has been found indicates the presence of a sophisticated money laundering operation put in place by the former Tunisian ruler."

Cabinet moots further easing of banking secrecy swissinfo
Sep 22 - "The government has launched a lengthy process to grant cantonal authorities access to bank client data in a bid to crack down on suspected tax evasion. The move could lead to a further weakening of traditional banking secrecy rules."

The high price of havens for tax avoidance Guardian
Sep 23 - Letters responding to the scenario reported in our Friday blog Tax Haven Britain - now they want more!

Evidence companies are using Spain and Gibraltar to dodge UK’s LVCR removal International Tax Review

Sep 21 - Under pressure from the EU and domestic taxpayers struggling to compete with their offshore rivals, the UK removed LVCR on mail orders in this year’s budget. Now transactions are being re-routed for tax dodging.

Tech firms accused of using Ireland as tax haven

Sep 21 - "The Government was on alert ... after US lawmakers described the country as a "tax haven" and accused American technology companies operating here of using Ireland to avoid paying corporation tax at home." Hat tip: Offshore Watch.

G20 Update Heinrich Boell Foundation
Sep 2012 edition - The Heinrich Böll Foundation publishes a monthly newsletter, the “G20 Update,” on the G20 Summit processes and outcomes with special emphasis on the contributions to the processes by civil society organizations


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