Accountancy Briefing: the benefits of country-by-country reporting
May 27th, 2010
A May 2010 briefing from Tax Research UK explains the benefits of an international country-by-country reporting standard.
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Two Tax Havens Agree to “Share” Information
August 26th, 2009
Richard Murphy has pointed out that Switzerland has signed its second tax information exchange agreement with... Luxembourg. That's right, Switzerland is now 1/6 of the way to being squeaky-clean because it signed an agreement (and a weak one at that) with another tax haven. As Richard says, this amounts to: "You look one way and I’ll look the other." From Swissinfo:
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Switzerland on Tuesday signed a revised double taxation agreement with Luxembourg, easing the restrictions on the exchange of tax information between the two countries.
It is...
Liechtenstein shows its true colours – and they’re not pretty
August 12th, 2009
Associated press were one of the many agencies I spoke to yesterday (some of whom have given no credit for the data supplied – such is life). They have a story that in one incarnation is here:
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Liechtenstein’s agreement to help Britain recover taxes on wealth hidden away in the tiny Alpine principality by U.K. taxpayers is only the latest sign that traditional tax havens are yielding to governments hungry for extra revenue during the economic crisis.
"The agreement signed today is a very significant development," said Jeffrey Owens,...
Another Take on Liechtenstein Deal
August 12th, 2009
Richard Murphy has noted Christian Aid's response to the Liechtenstein-UK tay deal that was signed yesterday, and it is quite interesting:
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The UK government’s new tax deal with Liechtenstein amounts to a welcome admission that much-hyped tax information exchange agreements (TIEAs) do not work, Christian Aid says today.
‘The fact that the UK has signed two agreements today – a TIEA and a second one, ensuring that uncooperative UK taxpayers have their Liechtenstein accounts shut down - is a clear sign that TIEAs are almost impossible to use,’ says Christian Aid...