ZIMBABWE- HARARE – Zimbabwe’s political, social and economic has created massive wealth and opportunities for the people who deliberately devised ruinous policies. The leading beneficiaries are non other than Robert Mugabe and his personal Banker Gideon Gono.
There was an awfully genteel protest organised by the Tax Justice Network in Jersey earlier this year. The TJN had joined up with a group of Jersey campaigners who would like the island to wean itself off its dependence on the more creative aspects of modern finance. Christian Aid have estimated that Southern countries lose at least $160 billion every year in unpaid taxes as a result of dodgy accounting by corporations operating on their territory. According to the OECD, there is $5 trillion (or more) parked in offshore tax havens, beyond the reach of impertinent governments and their demanding citizen bodies.
Peer Steinbrück is back on the verbal warpath. This week’s target is a returning guest — Britain. The alleged offense at 10 Downing Street: torpedoing efforts at EU financial reform to keep London bankers happy.
On a hot Saturday morning in May at the Rolle yacht club on Lake Geneva, Guy de Picciotto, chief executive officer of Switzerland’s Union Bancaire Privee, smears on sunblock as he rallies a professional, lycra-clad crew of six to race his 35-foot, $600,000 catamaran.
Finance Minister Audley Shaw has assured Parliament that Jamaica will not earn the reputation of a tax haven when the proposed International Financial Centre (IFC) is established in downtown Kingston.
Switzerland—famous for its strict bank secrecy laws—has cut a deal with U.S. authorities to help prevent tax evasion through the Alpine country’s famous numbered accounts. Revisions to a two-way tax treaty will increase the amount of information shared between the two countries—a big deal for clients who count on the privacy of Swiss banks. According to the Swiss ministry, banks would be able to give out information in “individual cases where a specific and justified request has been made.”
Kolkata, India — Taking advantage of the Paris-based Organization for Economic Cooperation and Development’s sanction threats against tax havens, the Indian government is taking a hard look at the country’s plethora of Double Taxation Avoidance Agreements. But laying a hand on the enormous amount of the country’s illegal or black money stashed abroad may be easier said than done.
Football is being used as a vehicle for money laundering, according to an agency responsible for tracking the proceeds of crime.
The Isle of Man plans to change its tax laws to clampdown further on tax evasion by savers resident in European Union member states.
MIAMI, June 30 (Reuters) – The U.S. Justice Department said on Tuesday it was pressing ahead with its five-month-old lawsuit against UBS AG to force the Swiss bank to identify thousands of U.S. clients with secret UBS accounts.
Authors of a report on tax havens and development, commissioned by the Norwegian government, believe international action is required to deal with the problem of transfer mispricing.
Taxpayers in France will be subjected to stricter transfer pricing rules under new legislation.
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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