Tuesday, May 28, 2013

Links May 28

Country by country reporting is a victory for citizens over companies The Conversation
Prem Sikka on the breakthrough on Country-by-Country Reporting - it is the first people-led accounting standard and may be sign of things to come.

Globalisation isn't just about profits. It's about taxes too The Guardian
Joseph Stiglitz: Big corporates are gaming one nation's taxpayers against another's: we need a global deal to make them pay their way

Latin America, second developing region with more tax evaders El País (In Spanish)
Hat tip: Jorge Gaggero

Liberia natural resources deals not compliant with law, find auditors The Guardian

Switzerland, Panama ... Paris blacklists seventeen tax havens Le Monde (In French)
France's aid body creates new tax haven blacklist, beyond the official French blacklist.

Luxembourg: Juncker Defends Automatic Information Exchange Stance Tax-News

Austria Notes EU Agreement On Tax Evasion Action Tax-News

Austria's 'SoKo' To Tackle Offshore Tax Evasion Tax-News
Austrian Finance Ministry sets up special committee in connection with "offshore leaks"

US tax inspector targets Caribbean bank The Guardian
The focus on correspondent banking is an important issue to note

HSBC to cut use of tax havens as chairman Douglas Flint says they have 'bad name’ The Telegraph

Julius Baer Gets Request for Data on U.S. Clients The Wall Street Journal
See also: Julius Baer starts transfer of Merrill Lynch’s wealth management business in HK, Singapore The Asset, and Julius Baer warns EU tax deals will slow its money inflows International Adviser

FATCA sounds death knell of banking secrecy swissinfo

Cayman Islands' investment in S. Korea tops 7.7 tln won Yonhap News Agency
"The Cayman Islands is the largest investor as a tax haven country in the South Korean market"

Interview with TJN Director John Christensen France 24
A focus on The Finance Curse

Ireland is third largest tax haven for US companies says new report Irish Central
See also: Ireland readies diplomatic corps to rebuff tax haven claims Reuters

German Rail uses tax haven for tax evasion TJN Germany Blog (In German)

Australia's Bradbury Slams Multinationals' 'Complex' Tax Practices Tax-News

Starting the Conversation: A Formulary System For Dividing Income Among Taxing Jurisdictions Bloomberg BNA
Michael C. Durst - embarking on what will be a series of articles evaluating formulary apportionment as a viable alternative to the arm's-length standard, notes the intense disagreement between those on either side of the debate--and the lack of any detailed comparison between the two approaches.

Yes, taxation can be a good thing for developing countries Alvin Mosioma TJN-A / Christian Aid Blog

The Financial Takeover Of “Our” Newspapers Don Quijones / naked capitalism
On how the European media, like its US counterpart, is coming under the control of wealthy financiers and investors who curb its content.

Is Wall Street literally writing America's laws now? The Week
Hat tip: Offshore Watch

Lakshmi Mittal Taking Major Loss On London Mansion Forbes

4 Ways Apple CEO Tim Cook Spins Tax Avoidance Mother Jones

ICIJ Offshore Secrecy Project - Google hangout


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