lyphosate: the pesticide industry keeps the data secrecy scandal going in the name of ‘investment protection’ Corporate Europe Observatory
Vice presidential candidate Bill Weld, at Libertarian ticket town hall with Gary Johnson: trade war that followed Smoot-Hawley tariff “croaked the world economy.” Points for using “croaked” in a policy debate [CNN transcript]
FBI’s Clinton decision proves rules don’t apply to rich and powerful The Hill
How the Hedge Fund Billionaires Get Away With Obscene Tax Avoidance
Parliaments across Europe intensify calls for more corporation tax transparency
'Home' to 66% of top 500 firms, US domestic tax haven Delaware
US Mining Swiss Bank Data to Find Tax Cheats
LuxLeaks, law and justice all part of tax scandal trial in Luxembourg
* An excellent source for in-house lawyers, and yes, it’s free. Unless You Ask: A Guide For Law Departments to Get More From External Relationships [Association of Corporate Counsel]A $25 billion deal is nothing to sneeze at.So does Iran. Its air fleet is said to contain some of the oldest and most dangerous planes in the world. Now Iran can modernize the fleet.According to Rep. Pete Roskam, Iran could use its new planes to ferry troops and weapons around the Middle East. But that’s no skin off of Boeing’s back. Or Pickering’s.
Banks As Tax Planning Intermediaries
Both buyers and sellers of goods and services may benefit from letting their economic transactions go unrecorded for tax purposes. We use various data sources to identify tax evasion among sellers and buyers of goods and services. Results clearly suggest that the tax-evasion-controlled estimate of income inequality in Norway exhibits more income dispersion than official estimates
Andrea Leadsom and Theresa May pressed to publish tax returns
David Kamin (NYU), Legislating for Good Times and Bad, 53 Harv. J. on Legis. ___ (2016):
Jack Townsend, On Foreign Enabler Indictments, Sealed Indictments and INTERPOL Red Alerts. “I am told that a number of Swiss bankers and other enablers during the heyday of their U.S. tax games (up to the UBS resolution in 2009 and even beyond that who tried to continue the scam) now fear to leave Switzerland.”
We use a shock to the public scrutiny of firm subsidiary locations to investigate whether that scrutiny leads to changes in firms’ disclosure and corporate tax avoidance behaviour. The results suggest that public pressure from outside activist groups can exert a significant influence on the behaviour of large, publicly traded firms.
Speaking at the end of a summit in Brussels where EU leaders started trying to pick through the wreckage after David Cameron’s referendum defeat, Mr Hollande warned that it would be unacceptable for clearing — a crucial stage in trading of derivatives and equities — to take place in the UK.
“The City, which thanks to the EU was able to handle clearing operations for the eurozone, will not be able to do them,” he said. “It can serve as an example for those who seek the end of Europe . . . It can serve as a lesson.” Czech Out the FT story
Michele Bergantino, 48, a citizen of Italy and a resident of Switzerland, pleaded guilty before U.S. District Judge Gerald Bruce Lee to conspiring to defraud the United States by assisting U.S. taxpayers to conceal foreign accounts and evade U.S. tax during his employment as a banker working for Credit Suisse AG on its North American desk. The DOJ Press Release is The DOJ Press Release
Mossack Fonseca’s US operations under pressure, island offices closed
LuxLeaks whistleblower avoids jail after guilty verdict
On Foreign Enabler Indictments, Sealed Indictments and INTERPOL Red Alerts
German government agrees to ban fracking after years of dispute Guardian
Finance as a driver of growth: New evidence VoxEU. UK data, but finds finance is important for smaller companies, less so for bigger one. And who is well v. badly served by the financial services industry in the US?
The evolving tax profession
Google's tax-rate in Sweden is just 0.1 percent - here's why
New York Banking Regulator to Publish New Rules to Fight Money Laundering
HM Revenue & Customs (HMRC) arrests three as part of investigation into suspected £300m corporation tax scam
UK House of Commons rejects call for a public country-by-country reporting