March 25th, 2011
The CBS television news magazine,
60 Minutes, is going to run a segment on the issue of tax havens and transfer pricing. CBS describes the segment as:
"60 Minutes," Sunday at 7 P.M. ET/PT
(CBS) SUNDAY, MARCH 27, 2011
The New Tax Havens - American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports. Shachar Bar-On is the producer.
Indeed, our good friend, Marty Sullivan from
Tax Analysts, is slated to be on the program. Visit the...
March 25th, 2011
It’s an interesting moment of flux for Task Force issues, especially if you’re sitting in London. On the one hand, you can see a key piece of UK legislation on financial integrity at serious risk; on the other hand, you can see the potential for a powerful step forward at the European level. Both are still in the balance, so if you’ve got any political pull at all – now’s the time to choose.
The nature of both discussions points to a broader point, however, which is this: national- or regional-level responses to financial integrity issues will always risk a...
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March 24th, 2011
Sanctions in 72 hours: How the U.S. pulled off a major freeze of Libyan assets
Washington Post, March 24, 2011
Liberal group pushes to end deferral on overseas corporate profits
The Hill (Blog), March 23, 2011
Taxman chases overseas Americans and their bankers
Asia Times, March 25, 2011
UK wealth industry relief at new rules on non-doms
Reuters, March 24, 2011
Budget changes to tax haven rules could cost poor countries 4 billion pounds
ActionAid, March 23, 2011
Barbados hits back at OECD
Caribbean 360, March 23, 2011
March 24th, 2011
I’ve read the
government’s new anti-avoidance strategy for tax. It’s not a good read. For that reason I think a translation is needed.
First of all, a
s I’ve already noted, the government has a massive problem in agreeing how big this issue is. That does not help them politically, and undermines much of the forward.
Whatever the issue then is, the strategy is laid out in four parts, each being allocated a chapter in their paper.
Chapter one says there is a strategy. It’s a little hard to work out what it is due to use of a weird graphic, but...
