Transparency International, India, issued this press release today. I think it worth reproducing in full:
Transparency International, India is concerned over the attitude of the Indian Government in seeking information from the German Government about millions of dollars of un-accounted-for money, belonging to the people of India, lying in Liechtenstein, a small country near Germany.
The Indian […]
Cayman NetNews has published another of its stunning editorials, this time in response to the Christian Aid report.
Please do read it in full: it’s well worth it. So much so I’m tempted to reproduce it in full, but I won’t, restricting myself instead to the part in which they note Cayman’s reaction to the challenge […]
The FT has reported that Rudolf Elmer, a former manager with Julius Baer, the private Swiss bank, has filed a claim with the European Court of Human Rights alleging infringement of his human rights, and those of his wife and child - who are both German - by upholding the elements of the banking law […]
Jersey Finance has issued a press release on the future of financial services in that Channel Island. It says, amongst other things:
Whilst the quality of the Island’s regulation is highly regarded, Jersey’s regulatory framework would be even more attractive to investors if it was more market focused.
That set alarm bells ringing, so I tried to […]
Missed this when it came out in the FT. It’s an invaluable source of data on wealth and property distribution.
Not reproduced here for copyright reasons, but it’s fascinating.
Note also how the Dublin property market is crashing: no wonder they’re desperate to steal more tax revenues form elsewhere. It won’t work though: no real job swill […]
As the International Herald Tribune has reported:
Under pressure from Germany, the European Union on Wednesday agreed to consider a new clampdown on tax havens, despite the opposition of one country, Luxembourg, which said it saw no reason to change the existing law.
It noted:
Luxembourg, which has a developed an important financial center and which defends banking […]
At yesterday’s ECOFIN meeting the EU increased its commitment to tax cooperation to tackle tax evasion. It said:
TAX ISSUES IN AGREEMENTS WITH THIRD COUNTRIES - Council conclusions
The Council adopted the following conclusions:
“The Council:
1. CONSIDERS that recent events involving tax fraud and evasion have proven the need to tackle this throughout the world and to reinforce […]
CDC plc had a letter in the Independent this morning. They said:
Sir: Few will doubt the sincerity of Christian Aid’s motives in drawing attention to child poverty in developing countries (”Tax evasion ‘costs lives of 5.6m children’ “, 12 May) but the charity misrepresents some basic facts about CDC, the UK development finance institution.
It is […]
Forbes has reported that:
A federal judge in Southern Florida today unsealed an indictment charging two foreign bankers, one a former private banker for UBS AG, with defrauding the U.S. by helping billionaire Orange County, Calf., real estate developer Igor M. Olenicoff evade U.S. taxes on $200 million hidden in Swiss and Liechtenstein bank accounts.
The charge […]
The Right are out in force, commenting on the Christian Aid report. I wrote this in reply on the Spectator blog this morning:
There’s always an excuse for greed. Ample are on display here.
There’s always an excuse not to do the right thing.
There’s always an excuse to walk on the other side.
You clearly know them all.
Christian […]
