PARIS (Reuters) – France wants its banks to provide more details on the identity of people transferring money to tax havens and wants a new legal framework to be finalised by the end of September, the budget ministry said on Tuesday.
Bloomberg — Panama will share tax information with at least 10 countries to prevent sanctions over banking secrecy laws, Finance Vice-Minister Frank De Lima said.
ZURICH (Reuters) – Switzerland and the UK have signed a new treaty giving British tax authorities more access to banking information and taking the Swiss one step closer to being taken off an international list of tax havens.
TORONTO (Reuters) – Canada could pursue Swiss bank UBS (UBSN.VX) in court if bank officials refuse to disclose the names of Canadian clients who are evading taxes using UBS accounts, but even the government minister responsible believes stronger laws may be needed.
Newsweek–Israel’s former prime minister is only the latest to be called corrupt. Why is the nation’s political class plagued by scandal?
Bloomberg — Deutsche Bank AG, Commerzbank AG and Sal. Oppenheim Jr. & Cie. defended international activities after Die Zeit reported German lenders are “deeply involved” in business with tax havens.
WASHINGTON – A federal court in Newark, N.J., denied Schering-Plough Corp. a $473 million refund in connection with two transactions in which Schering-Plough sought to avoid taxation on $690 million in profits it repatriated from offshore subsidiaries into the United States.
NEW YORK (Reuters) – Executives at Swiss banks Julius Baer (BAER.VX) and Credit Suisse (CSGN.VX) expect to avoid a U.S. tax investigation into their private banking businesses on the same scale as their peer UBS (UBSN.VX), they told The Financial Times on Sunday.
Forbes — Shareholders in many of the world’s leading multinational corporations face significant financial peril from a source few have probably ever thought about: transfer pricing.
RIMINI, Italy (MF-Dow Jones)–Italian Economy Minister Giulio Tremonti and Republic of San Marino Economy Minister Gabriele Gatti met Friday to discuss a tax accord as part of an international move to crack down on tax havens.
WASHINGTON – Rodney K. Justin, a medical doctor from Woodleaf, N.C., was convicted yesterday of obstructing the internal revenue laws and of failing to file tax returns for several years, the Justice Department and Internal Revenue Service (IRS) announced. After trial in Winston-Salem, N.C., a federal jury convicted Justin of four felony counts of corruptly obstructing the administration of the internal revenue laws by sending fake financial instruments called “Bills of Exchange” to the Secretary of the Treasury in Washington, D.C., in purported payment of over $350,000 in taxes. The jury also convicted Justin of willful failure to file returns for the tax years 2001 through 2004.
Swiss Bankers Association has declined to give names of Indian holding accounts in Swiss banks. But they could not hold American’s names, they buckled down, revealed names of US nationals and paid fines to US also. Why do we then fail?
Task Force Director Raymond Baker spoke to MBA students at Georgia Tech (his alma mater) ...
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
Half of the world's trade passes through tax havens. Right now, they are hiding billions ...
WASHINGTON, DC – Global Financial Integrity (GFI) Managing Director Tom Cardamone will testify tomorrow ...
May 23, 2012
BRUSSELS - Tax is joining high pay as an issue at FTSE100 companies’ AGMs this ...
May 22, 2012
WASHINGTON, DC – Global Financial Integrity (GFI) today called on leaders of the G8 to ...
May 17, 2012
Thursday's daily news updates from Global Financial Integrity
May 24, 2012
In Brazil, there is an agency known as “the Lion,” whose agents fly around the ...
May 23, 2012
The G8 have just released an ambitious and comprehensive asset recovery action plan as part ...
May 23, 2012
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