October 18th, 2011
Cayman News Service has blown the lid on one of the biggest lies of recent years about tax havens / secrecy jurisdiction. It’s been claimed since 2009 that tax information exchange agreements – promoted by the Organisation for Economic Cooperation and Development as the way to tackle tax haven abuse – mean that tax havens are now ‘open and transparent places’.
December 3rd, 2010
Yesterday afternoon I got a phone call from a private banking insider – somebody who knows the industry intimately – who had objected to some things we have blogged recently.
One was yesterday's Bahamas blog
; the other was a blog last month entitled Brazil gets tough on global pirate bankers
. That picked up a Bloomberg story looking at the arrest of a Brazilian private banker, Alexandre Caiado, who got arrested for apparently selling tax evasion services, and who seemed mystified as to why he had been targeted. Our blog expressed approval that...
August 5th, 2010
A while ago we pointed to a study by Misereor that had concluded, on the subject of double tax treaties (DTTs) and tax information exchange agreements (TIEAs), that
Only 6 percent of DTTs show a signature of a Low Income Country (with an even smaller participation of 3 percent for Least Developed Countries). The situation with TIEAs is even worse: There is no single LIC (leaving aside LDC) as signing party of any TIEA documented on the OECD website. . . . While G20 and OECD are promoting DTTs and TIEAs as centrepieces of a global standard on transparency...