These are my links for March 4th through March 9th:
- Jersey raises floodwalls as tax storm brews - International Herald Tribune - Now those associated with Jersey's financial services industry are mustering their defences.
- Editorial: It's hypocrisy to leave British tax havens open | - But cracking down on havens would serve a purpose more profound than raising cash for an indebted government. It presents an opportunity to recast the debate around taxation in moral terms. An axiom of the now discredited economic orthodoxy of recent years was that any taxation on business was undesirable, since it discouraged enterprise. By extension, the less companies (and individuals) had to pay, the more competitive they would be, bringing economic advantages - employment, cheap goods etc - to all. That view is contained even in the term "tax haven", with its connotations of sanctuary.
A better expression is "secrecy jurisdictions", where, along with the profits of legal activity, the spoils of fraud, terrorism, drug trafficking and plunder by despotic regimes are hidden. That is the company that global businesses keep when they operate offshore.
- Brown does a U-turn on tax havens with blacklist | - As preparations for the G20 meeting gather pace, the Organisation of Economic Co-operation and Development is also poised to produce its own blacklist of secrecy jurisdictions, where many structured investment vehicles and collateralised debt obligations have been based.
- FT.com / Global Economy - Tax havens fear ‘indiscriminate’ crackdown - A rearguard action to fend off the “action against tax and regulatory havens” threatened by Gordon Brown and other world leaders is being launched by some of Britain’s Crown Dependencies and Overseas Territories.
- Tax tribunal allows £17m avoidance scheme | - Keep at them HMRC
After all, you just about own them now
- The Washington Independent » Crackdown on Offshore Havens Faces Hurdles - “You can’t have efficient markets if people don’t know what is going on,” Murphy concluded. “The whole purpose of tax havens is to hide information. They’re a massive market imperfection.”
Yes, that's me
- Isle of Man agrees to share tax data with Germany - Accountancy Age - Let's summarise this TIEA: it's not worth the paper it's written on
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