Goldman Sachs is supposedly having a great year: Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year I’ve said it before, and I’ll say it again: banks should pay an extra 10% corporation tax for the risk they
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The standard OECD Tax Information Exchange Agreement includes this clause in Article 5: 4. Each Contracting Party shall ensure that its competent authorities for the purposes specified in Article 1 of the Agreement, have the authority to obtain and provide upon request: a) information held by banks, other financial institutions, and any person acting in
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I have already blogged a new report describing the shocking ease with which it is possible to create companies in the UK, published in the Economist and elsewhere today. The report is timely. It is not a defence of tax haven behaviour. What it says is that the UK and USA are tax havens –
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Switzerland’s Le Temps newspaper has just pointed out a remarkable new study by Jason Sharman, an offshore expert (he wrote a book on the OECD project against tax havens, reviewed here.) Le Temps said this: With a small budget, and using classified ads that proliferate on the Internet or in the press, this professor of
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