The Norwegian Government has granted a total of 234 Million Kroner (Shs 8 trillion) to the Ugandan Government in support of development programmes. The grant is meant to supplement the Government’s 2009/10 budget and will focus on four priority areas; rural electrification, strengthening management of oil and gas, forestry and environment and meat export development.
The Australian: THE son of Chinese President Hu Jintao has been dragged into a corruption scandal in Africa involving a security scanning company, Nuctech, which he headed until last year.
Wall Street Journal: The Internal Revenue Service has stepped up scrutiny of offshore accounts and foreign income, an enforcement campaign that could sweep up tens of thousands of taxpayers.
Strategic dispute resolution has become critical for companies to sustain their global transfer pricing strategies. Now, PricewaterhouseCoopers (PwC) announced its International Transfer Pricing 2009 book which predicts an increase in disputes around the world as more and more tax authorities aggressively attempt to enforce their transfer pricing rules. “In 2009 we expect that several major territories will adopt new or revised requirements for transfer pricing and the impact of the OECD’s discussion draft on business restructurings will be evaluated,” said Garry Stone, a Partner with PricewaterhouseCoopers LLP.
WASHINGTON, D.C. – The Assistant Treasurer, Senator Nick Sherry, today reaffirmed the strong international partnership between Australia and the United States over tax cooperation, including on tax havens, tax evasion and other tax abuse issues currently on the G20 agenda.
Washington Post Editorial: A compromise with the United States on disclosure would be in the public interest.
ZURICH (Dow Jones)–UBS AG’s (UBS) high-profile spat with the U.S. Internal Revenue Service has made some of Switzerland’s other banks wary of looking after U.S.-based clients, prompting some to stop taking money from Americans altogether and menacing the country’s image as a private banking center.
Financial Times: Resolution on Monday said that it had its eyes on bigger prey than Friends Provident, the FTSE 100-listed life assurer it wants to take over.
New Delhi (PTI) India is negotiating with Switzerland and other countries to revise the secrecy clause in bilateral treaties like double taxation avoidance agreements to get information on matters like black money.
ZURICH (Reuters) – The Swiss foreign minister is due to meet U.S. Secretary of State Hillary Clinton on July 31, just days before a deadline to reach a settlement in a damaging U.S. tax case against UBS.
WASHINGTON – A federal court has permanently barred a Ft. Lauderdale, Fla.,-area woman and her company from preparing federal income tax returns for others, the Justice Department announced today. According to the government complaint in the case, Carole Exantus of Plantation, Fla., operated a company called J’s Corporation in Miami. The court found that J’s Corporation repeatedly prepared federal income tax returns claiming false tax credits and deductions that it knew would result in understating customers’ tax liabilities. Exantus agreed to the permanent injunction order without admitting wrongdoing.
Two more Swiss banks have decided to scale down their services to United States-based clients in light of an ongoing tax evasion case that threatens banking secrecy.
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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