Wednesday, October 30, 2013

Links Oct 30

90% of DR Congo’s logging revenues lost to tax avoidance in 2012 Global Witness

OECD Launches Transfer Pricing Public Consultation Agenda Tax-News

NZ Tax Department Backs OECD BEPS Plan Tax-News
See also our recent blog post How serious is the OECD about mending the system for taxing multinational corporations?

Africa: Moves to Tackle Africa's 'Resource Curse' Reach Turning Point allAfrica

Africa losing $50b annually in illicit financial outflows -AU New Vision

Uganda: URA to Crack Down Income Tax Dodgers allAfrica

Big companies and the rich deny Kenya Sh100b through tax evasion Standard Media

Some of us said the UK – Swiss tax deal was full of holes from the start and now we know that’s true Tax Research UK
See also: Margaret Hodge: HMRC will be £2.5bn light this year The Telegraph "Revenue bosses admit that tax deal with Switzerland will bring in far less than the £3bn expected."

UBS told to boost funds to cover legal bills swissinfo

HSBC exposed in massive data leak in Belgium ICIJ

Latest update: Release Of Offshore Records Draws Worldwide Response ICIJ

U.S. Treasury gives more detail on offshore anti-tax evasion law Reuters

Europe can set the standard on anti-money laundering euobserver

Money laundering taints wine trade South China Morning Post
"While vineyards in France are favoured investments for Chinese and Russian money launderers, it's only the tip of the iceberg in terms of trade-based 'dirty money' schemes."

The Chinese Are In Love With Bitcoin And It's Driving The Digital Currency's Prices Into The Stratosphere Business Insider

Opening of China Construction Bank's European headquarters spurs Luxembourg's yuan hub hopes South China Morning Post

TJN Germany Blog Links (In German)

UK: Eurobond tax scandal - Tax avoidance figure is just 'the tip of the iceberg’, Chair of Public Accounts Committee Margaret Hodge tells HMRC The Independent

The other energy scandal - power giants use loophole to cut their own tax bills The Independent

More companies registered in Bermuda than ever before Bermuda Sun

It’s Time to Give Up on Tax Reform Tax Analysts BlogAny source

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