July 15th, 2009
Apparently nobody at Reuters read my
post yesterday about the media's skewed coverage of the OECD grey list and the signing of TIEAs. I
wrote regarding the media's coverage of Luxembourg coming off the OECD grey-list:
But there is an entirely separate side to this story that hasn’t permeated the coverage at all: the OECD standards are useless in any practical sense, and under these standards wealthy tax evaders will still feel perfectly safe stashing their money in Luxembourg. As we discuss extensively on this website – the OECD’s standards require a...
July 14th, 2009
For more than a year, the Internal Revenue Service, the feared tax-collecting agency of the US government, has been revving the engines and aiming a bulldozer at Switzerland's historic banking secrecy laws.
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July 14th, 2009
Many outlets reported on the fact that Luxembourg has now signed 12 OECD model Tax Information Exchange Agreements (TIEA). However, all of these articles cover only one side of the story - touting the signing of the agreement, the OECD's
lauding of Luxembourg, and the Luxembourg's self lauding for coming into "compliance." If you weren't careful, you might mistake the articles for something written by a mother who is bragging about the accomplishments of her own child.
But there is an entirely separate side to this story that hasn't permeated the coverage at all:...
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July 14th, 2009
Bloomberg -- German Finance Minister Peer Steinbrueck lauded Liechtenstein’s cooperation on tax issues as an “important contribution,” a turnaround in relations between two governments that were locked in a dispute on tax evasion.
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