August 13th, 2009
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.
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August 13th, 2009
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.
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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:
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,...
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:
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...
