TIEAs » Tax Research UK

Switzerland’s Last Day As A Tax Haven

Secrecy jurisdictions, Switzerland, TIEAs 2 Responses »

Sep 252009

Switzerland’s Last Day As A Tax Haven – Forbes.com.

Forbes says this is so becasue it now has 12 tax information exchange agreements or double tax agreements.

As a result the OECD says it is ‘internationally compliant’ and no longer a tax haven.

Which shows how inadequate is the OECD standard and how daft is the definition of a tax haven.

But take comfort: it remains a secrecy jurisdiction.

Secrecy jurisdictions are places that intentionally create regulation for the primary benefit and use of those not resident in their geographical domain. That regulation is designed to undermine the legislation or regulation of another jurisdiction. To facilitate its use secrecy jurisdictions also create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so.

Just about damp

TIEAs Comments Off

Sep 162009

Marty Sullivan of Tax Analysts is speaking at the Task Force. He has said:

Full and automatic exchange of tax information must be our standard. We must make clear on request data is not good enough.
Tax Information Exchange Agreements are not glass half full offerings – they just about damp the glass. The OECD is not helping by claiming these things are a success – they are saying we are making progress without solving any of the real issues.
There are unstable and corrupt governments. So they have to be taken out of the system. But they’re the exception not the norm.

I agree.

Tax information exchange agreements: why they don’t work

OECD, Secrecy jurisdictions, Tax Havens, TIEAs 3 Responses »

Apr 032009

The Tax Justice Network has produced a draft briefing paper on Tax Information Exchange Agreements, the flaws within them and how they can be rectified.

I recommend it.