May 17th, 2011
Rarely have developing countries been more vocal and united on a question of international taxation. The vexed question of the status of the arcane-sounding “Committee of Experts on International Cooperation in Tax Matters” is hotting up, after rich and poor countries clashed at a United Nations meeting last month.
The UN tax committee is charged with promoting international cooperation to deal with important issues such as taxing multinational companies across borders, and sharing best practice between countries. It has a specific mandate to take into account the specific needs of developing countries, which is why developing countries want to see...
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May 16th, 2011
Poorest Countries Hemorrhaged $197 Billion In Illicit Capital
Wall Street Journal, May 13, 2011
Task Force welcomes India ratifying UNCAC
Deccan Herald, May 14, 2011
US-based Indians hail ratification of UN anti-graft law
Business Standard, May 15, 2011
Inside the shell: drugs, arms and tax scams
Sydney Morning Herald, May 15, 2011
Microsoft-Skype deal shows need for tax reform
MarketWatch, May 10, 2011
Annual $15 billion said to be laundered in Hungary
MTI, May 16, 2011
May 13th, 2011
The Hong Kong Stock Exchange’s
listing agreement says:
In addition to the information set out in Appendix 1A, a Mineral Company must include in its listing document……if relevant and material to the Mineral Company’s business operations, information on the following:—
(c) compliance with host country laws, regulations and permits, and payments made to host country governments in respect of tax, royalties and other significant payments on a country by country basis;
Note the reference to
country-by-country reporting. I stress, the data referred to here is on past performance. There is a separate requiremnt that these payments also be projected.
May 13th, 2011
UN report calls for more tax information exchange
Cayman News Service, May 13, 2011
Deal stopped probes on global corruption
The Australian, May 13, 2011
Nigeria: PIB - Senate Denies N2.5 Billion Bribery Allegation
allAfrica.com, May 12, 2011
Norway probing Yara for ‘paying’ bribe in India
Daily News & Analysis, May 13, 2011
U.S. Tax Laws Change The Rules Of The Game
Forbes, May 13, 2011
Dealpolitik: Microsoft’s Brilliant, Legal Tax Dodge
The Wall Street Journal, May 11, 2011
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