Czech out Michael West aka Westy at michaelwest.com.au
The “Big Four” global accounting firms – PwC, Deloitte, KPMG and Ernst & Young – are the masterminds of multinational tax avoidance, the architects of tax schemes which cost governments and their taxpayers more than $US1 trillion a year. Although presenting as “the guardians of commerce” they are unregulated and unaccountable; they have infiltrated governments at every level and should be broken up.Thomson Reuters has released its 2016 BEPS Survey Report [(2016 BEPS SURVEY REPORT: CORPORATIONS BETTER PREPARED, BUT STILL WORK TO DO)] . This year's survey collected responses from 207 corporate tax executives in multinational corporations around the world
UN rights expert deplores conviction of tax whistleblowers in LuxLeaks trial
- EU Seeks to Fill Tax-Avoidance Gaps in Wake of Panama Leaks
- BHS: Tina Green denies family firms are based offshore for tax reasons
French billionaire Serge Dassault on trial for tax fraud through Luxembourg Luxemburger Wort
"His trial ... relates to charges he stashed some 31 million euros from French tax authorities in Luxembourg, Liechtenstein and the Virgin Islands."
The EU Parliament agreed to recommendations [EU PARLIAMENT AGREES RECOMMENDATIONS FOR TAX HAVEN BLACKLIST, PATENT BOX RULES, CODE OF CONDUCT FOR TAX ADVISERS, ETC] made in a report by Parliament's Special Committee on Tax Rulings II
The European Parliament's Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE 2) has now published on its website a study titled: " Tax Challenges in the Digital Economy [Digital Media Dragon Economy] ".
A Canberra man who committed tax fraud from within prison has indicated he is willing to spend more time in jail as he continues his rehabilitation. James Thorn, 28, pleaded guilty to nine counts of filing tax returns with false information Tax Fraud Prison Ring
TaxGrrrl, Soccer Star Lionel Messi Found Guilty Of Tax Evasion, Sentenced To 21 Months In Prison. The FBI obviously wasn’t involved
Wall Street Journal op-ed: What Life Was Like in 1776, by Thomas Fleming (Former President, Society of American Historians; Author, What America Was Really Like in 1776 (2012)):
In honor of July 4, we thought we’d look at a longstanding mainstay of the American way—taxes. A lot has changed since our forefathers signed that Declaration of Independence, but one thing has remained the same—owing money to the government.
Related: Robert Wood, Will Hillary’s ‘Careless Not Criminal’ Excuse Work With IRS? “Actually, the tax law draws a line between non-willful and willful. Big penalties or even prosecution can hang in the balance.”
Democracy: A Journal of Ideas, Taxes: Fund the IRS!, by David Cay Johnston:
Join a special "fanzone" in Paris for the match between multinationals and whistleblowers PFJ (In French)
Calling on supporters of LuxLeaks whistleblowers Antoine Deltour and Raphaël Halet, and journalist Édouard Perrin, for the trial on 29 June. See also our blog Luxembourg on trial as Luxleaks whistleblowers await tomorrow’s verdict
Richard Krever (Monash) & Borbala Kolozs (Corvinus), Hungary, GAARs – An Emerging Trend in the Tax Landscape
The 10th Annual Academic Tax Symposium concludes today at the Oxford University Centre for Business Taxation
Lilian V. Faulhaber (Georgetown), The Luxembourg Effect: Patent Boxes and the Limits of International Cooperation:
Banks As Tax Planning Intermediaries
New York Times, San Francisco Considers Tax on Tech Companies to Pay for Boom’s Downside:
23/6/16. The IRS annual joint conference was recently held – topics are focused around taxpayer behaviour. Presentations are available here. The webcasts are available here.
Tax haven route won't work for post-Brexit UK, OECD says
Money Management, 24/6/16. Access to greater or better range of investment options has become a primary driver for the high net worth (HNW) offshore investment, rather than the commonly believed tax efficiency, according to Verdict Financial.
Exposed: The tax avoidance schemes luring landlords hit by new 3pc stamp duty
Tax reform expert calls for register of owners of corporate trusts
It’s probably true that in some parts of the country, wealthy lawyers have monopolized the elite social networks that are helpful for launching successful Congressional campaigns. But it’s also not obvious that making more money available to non-lawyers, in and of itself, would solve this problem. The empirical evidence that higher expenditures actually increase a candidate’s chances of winning a Congressional race is still equivocal at best.
Rule of Lawyers
The cheats who are poisoning Britain
Luxleaks: Grand dodgy
But I’m sure it was great for economic development! Horizon Entertainment reported inflated and bogus expenses to get tax credits, OIG says (Greater Baton Rouge Business Report). Funny how this keeps happening with film credits. It’s almost as if governments were funding a fundamentally dishonest industry at the expense of their honest taxpayers.
Joseph Henchman, Ohio’s Kasich Boosts Film Subsidies; Trump to Sue Over Taxes in DC; Spain Raids Google (Tax Policy Blog). “Gov. John Kasich (R) approves raising Ohio tax dollars going to big Hollywood studios from $20 million to $40 million.”
The Imploding Cabal To Criminalize Dissent. “Inspired by the 1990s victory against tobacco companies, the Schneiderman cabal thought it could score big-time by threatening a RICO case against fossil-fuel companies. How fitting if the same threat brings them to heel.”
Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast
Spain: Russian Money Laundering Ring Dismantled
Kay Bell, Boris Johnson, who lost his tax fight with the IRS last year, now loses his chance to lead post-Brexit Britain
Eire-exit! Firms urged to register in Ireland amid VAT chaos at the Revenue and Customs Department
SEC Allows Big Banks to Fudge the Numbers, Underreport Tax Haven Subsidiaries
The Cost of Being Associated with Tax Havens INSEAD
New Zealand poised to toughen rules for offshore trusts? The Washington Post
Annette Nellen, Tax Issues for High Tech – a video!
Edward D. Kleinbard (USC), The Trojan Horse of Corporate Integration:
The U.S. Senate Finance Committee has invested significant resources, including hearings and staff reports, to make the case for an unusual form of corporate dividend integration – a corporate dividends-paid deduction, combined with a universal shareholder dividend withholding tax collected from the firm.
Fred B. Brown (Baltimore), Permitting Abused Spouses to Claim the Earned Income Tax Credit in Separate Returns, 22 Wm. & Mary J. Women & L. 453 (2016)