Financial Transparency Coalition

Macau Daily Times: Lawmakers yesterday approved a proposed bill that will now see Macau meet international standards on the exchange of information on tax related issues.

Abuja — Federal Government on Tuesday declared that despite the achievements recorded, the sector still has a lot of challenges to battle with.

LONDON -- In the latest development in the global crackdown on tax havens, two of the world's biggest offshore financial jurisdictions were scheduled on Thursday, to sign their 12th Tax Information Exchange Agreements (TIEA), officially taking them off the "grey list" of offshore tax havens put together by the Organization for Economic Cooperation and Development.

My friend, Richard Murphy, has pointed out that India is planning to overhaul its tax code in a dramatic attempt to fight tax evasion and improve tax revenue. From the FT:

India’s government is planning a big shake-up of its archaic tax system in a bid to curb widespread evasion as it confronts a sharply widening fiscal deficit amid expanding social welfare programmes.

The plan, announced by Pranab Mukherjee, the finance minister, aims to foster greater compliance with tax laws by lowering key corporate and personal income tax rates, simplifying...