April 19th, 2011
This blog was originally written by TJN's John Christensen. It will be permanently archived on TJN's Information Exchange webpage.
The April edition of the
Journal of International Taxation (not available online) has a provocatively titled article on
'The Death of Information Exchange Agreements?' about the G-20 / OECD project for tackling tax evasion with tax information exchange agreements (TIEAs). Bottomline, the authors share TJN's view that TIEA's just don't cut the mustard, so powerful countries like the USA and EU member states use other tools:
"The major countries of the western world have clearly started...
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April 19th, 2011
From the Treasure Islands
blog:
The website isleofman.com offers this breathless commentary:
"There are numerous firms now based here and one of them - Excalibur Almaz - plans to offer trips round the moon and back for space tourists at a cost of $31m."
That isn't an April Fool. This is
for real.
Now what is the Isle of Man's comparative advantage in space exploration? Perhaps its
proximity to the equator, allowing the earth's spin to give it that extra boost, for added efficiency? Er, no: it's thousands of miles away.
So is it the Isle of Man's close,...
April 18th, 2011
Tax havens have gotten a lot of press lately. In Britain, the
UK Uncut movement has mounted demonstrations across the country against tax dodging by large corporations and wealthy individuals – making the connection between profits parked abroad and deficits and budget cuts at home.
Last month in the U.S.,
The New York Times revealed that GE, one of the nation’s largest companies, earned 46% of its revenue in the U.S. over the last three years but booked less than one-fifth of its profits there, shifting most of its booked profits to low-tax countries. In 2010,...
April 18th, 2011
Mobile Pioneer Sees Rich Promise in Africa Wall Street Journal, April 18, 2011 Tax Havens or Financial Sinkholes? TripleCrisis, April 18, 2011 Report: Offshore tax havens cost U.S. $100B CBS, April 18, 2011 Prosecutions of tax evaders up 25% USA Today, April 18, 2011 Ligots file counter-affidavit to tax evasion raps ABS-CBN News, April 18,
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