Liechtenstein reveals the weakness of the current European Savings Tax Directive
July 8th, 2011
Liechtenstein has just announced the latest sums it has collected under the terms of the European Savings Tax Directive. It was a measly €7.8 million.
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Working backwards this is 20% tax on €40 million interest. Assuming 2% interest, this is tax on interest income on € 2 billion capital (which may seriously overstate the case: German bonds paying over 3% p.a.).
Liechtenstein banks have € 140 billion assets under management.
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Rintaro Tamaki named as OECD Deputy Secretary-General
July 7th, 2011
PARIS – The OECD is pleased to announce that Rinatro Tamaki has been appointed as Deputy Secretary-General.
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Wednesday's Daily News Digest
July 6th, 2011
Tunisia's economic fallout Al Jazeera, July 5, 2011
Africans try to enforce taxes for multinationals AP, July 5, 2011
Tax fraud: Drive to nab beneficiaries TNN, July 6, 2011
Some Swiss Banks Are Blocking Access to Offshore Accounts Over Tax Deals Bloomberg, July 6, 2011
Bangladesh's 'black' money wins reprieve Asia Times, July 7, 2011
The (Early) Effects Of The UK Bribery Act The FCPA Blog, July 5, 2011
Thursday’s Daily News Digest
June 23rd, 2011
British banks ignore money-laundering rules, says FSA The Guardian, June 22, 2011 Bangladesh sentences ex-prime minister’s son in absentia to 6 years for money laundering Associated Press, June 23, 2011 Show us the Arab Spring money, please Al-Arabiya, June 22, 2011 Switzerland faces more mafia money laundering World Radio Switzerland, June 23, 2011 Taxman must
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