Monday, October 08, 2012

Links Oct 8

ATAF News - 2nd General Assembly Special Edition ATAF
Sep 2012 - Reporting from The African Tax Administration Forum (ATAF) on recent developments and the way ahead.

Helsinki Boycotts Tax Havens Inter Press Service
Oct 6 - "The City of Helsinki added its voice to a growing global call against corporate tax evasion with the passage of a new responsibility strategy that leaves no room for unethical business practices. Last week, 85 city councillors from Finland’s capital voted to sever business ties with companies operating in, or having links to, tax havens." Cites TJN's Matti Kohonen.

Tax Evasion and the Underground Economy Economic Analysis and Policy

This Australian academic journal looks into some very interesting topics within the realm of tax evasion.
How Ukraine misses out on billions in tax revenue KyivPost
Oct 4 - "Ukraine’s top taxman has confirmed what many analysts, politicians and journalists have long suspected: massive tax evasion and avoidance by companies is each year robbing financially-stretched budget coffers of billions of dollars in badly needed revenue."

New Zealand joins international tax pact amid criticisms of 'tax haven' status Global Times

Oct 8 - Reporting on New Zealand joining the 
Multilateral Convention on Mutual Administrative Assistance on Tax Matters. The piece reports that "Green co-leader Russel Norman said New Zealand's foreign trusts formed part of "a trillion-dollar tax haven industry."" See also: Foreign trusts must be broken open Voxy

‘Tax evasion in Pakistan audacious, confounding’ ZeeNews

Oct 5 - "Tens of thousands of Pakistan's wealthy are not paying their taxes, revealing "how large and how audacious the picture of tax evasion ... The National Database and Registration Authority has completed an exercise aimed at identifying those individuals who have lifestyles of opulence and luxury yet pay no taxes." Hat tip: Offshore Watch

Global Shell Games: testing the money launderers’ tools The Bureau of Investigative Journalism
Oct 4 - "For those wanting to launder money, give or receive a bribe, evade taxes or finance terrorism there is an easy to use tool that can facilitate the process: the shell company ..."

Client Managers To CIS/Russia Market Are Nervous About Swiss Banks WealthBriefing

Oct 8 - "Some senior private bankers with clients in the CIS/Russia segment avoid working at traditional Swiss banks and prefer other options due to concerns about the ongoing crackdown on the Alpine state’s tax haven status ... Russian authorities, for example, will from January 2013 have the power to obtain data of Russian nationals 
using Swiss accounts. The report states that this new power may already cause a “large amount of movement in these [CIS/Russian] markets in Switzerland”."

See also links from the TJN-Germany Blog


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