August 1st, 2011
Gov’t probing assets, payments of Indians received abroad: FM
Asian Age, July 30, 2011
The long arm of corporate influence
The Guardian, July 31, 2011
Berlin moves closer to tax evasion deal with Swiss
Deutsche Welle, August 1, 2011
Hawks reveal Arms deal bombshell
Times Live, July 31, 2011
Rebranding the Nigerian Police
Daily Independent, July 31, 2011
Gov’t to gain from tax cases
Philippine Star, August 1, 2011
August 1st, 2011
The European Commission has just published a new study, entitled
Transfer Pricing and Developing Countries, which looks particularly at the application of rules with respect to
Ghana,
Honduras,
Kenya and
Vietnam.
We have not yet parsed this report in any detail - but we will. From the outset we are discouraged by two things in particular. The first appears on the very first page (and in the top right of every subsequent page), and the accompanying picture shows it:
That should be a red flag, straight away. There is a battle growing in the field of transfer pricing, especially with respect to...
July 29th, 2011
Yesterday, Colombia's Prosecutor-General, Viviane Morales, spoke about the pervasive role money laundering plays in Colombia's economy while participating in Pan American Congress on Money Laundering Risk and Terrorism Financing in the city of Cartagena. She cited statistics from her government that place the scale of money laundering at $8 billion, roughly 3% of GDP. She also said the government lacked the ability to effectively address the situation. The eStandards Foundation, which montiors financial standards around the world, had this to say about Colombian compliance programs:
he U.S. Department of State (DoS) reported in 2008 that the banking...
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July 29th, 2011
On September 11, 2001, I was in London. The television images of massive destruction and certain death were no less real for being an ocean away. My wife, departing that morning but turned back to London in mid flight, could not grasp what she was hearing until she, too, saw the falling towers of the World Trade Center and the hole blown into the Pentagon and learned of the flight that went down in Pennsylvania.
The next day John Keegan, my favorite historian of World War II, had
a piece in the
Daily Telegraphspeculating on the things America...
