Thursday, May 23, 2013

Links May 23

France's Hollande: EU Savings Directive Will Be Adopted By Year-End Nasdaq
See also: EU Tackles Tax Evasion as Luxembourg Resists Speedy Pact Bloomberg, and Europe Pushes to Shed Stigma of a Tax Haven The New York Times, and Italy PM slams 'hypocrisy' over tax fraud

International Centre for Tax and Development hosts research meeting on Unitary Taxation
Report on the first meeting earlier this month of the research group on Unitary Taxation with Special Reference to Developing Countries, in which several TJN members/advisers are involved. Hat-tip Sol Picciotto

Companies could 'apportion profits within EU' BBC
Interview with Prem Sikka on unitary taxation

From Google to FedEx: The Incredible Vanishing Subsidiary The Wall Street Journal

Apple Tax Rate Ignores Profit Shifting Offshore Bloomberg
Tim Cook told Congress that Apple's tax rate was 30.5 percent. He ignored offshore profit-shifting: real rate was 14%

Republic of Ireland calls for international tax action BBC
Fox calls for action on henhouse security. See also: Ireland denies it’s a tax haven, which is the surest sign that it is one Tax Research UK, and Apple defends routing profits through Irish companies The Irish Times, and The world’s wealthy ‘could be hiding €707 billion in Ireland’ the journal

Yes, What Apple's Doing in Ireland May Well Be Legal -- and That's the Problem Citizens for Tax Justice

The Finance Curse, and an Insider View on Tax Havens L'Economique Politique (In French)
On new TJN book blogged earlier

Cabinet drafts unique law on dictators’ assets swissinfo

The trail leads to Austria Sueddeutsche Zeitung (In German)
More fallout from the ICIJ Offshore Leaks, a story of a top Austrian banker and shell companies. See also: Raiffeisen CEO Stepic under scrutiny for property deals Reuters

South Korean ‘paper companies’ found in tax haven the hankyoreh
More developments from the ICIJ investigation. See also CJ Group comfirmed to have made millions in illicit gains story involves slush funds, tax dodging, BVI and Hong Kong Shell companies and a contract killing; see also: Civil groups urge thorough probe into tax-haven users Yonhap News Agency

HSBC Client Avoids Prison for Hiding Offshore Accounts Bloomberg


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