The Norwegian Ministry of Foreign Affairs is a major player in the fight against tax havens. It is a major funder of the Task Force
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The Lecce Framework
This was announced by G8 Finance Ministers today: The Lecce Framework: Common Principles and Standards for Propriety, Integrity and Transparency We are in the middle
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Tax is a big deal
AccountingWEB in the US has reported the comments of IRS Commissioner Doug Shulman to the OECD on 2 June. He said a lot. I highlight:
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HMRC caps offshore penalty at 10%
HMRC caps offshore penalty at 10% – Accountancy Age. The new tax amnesty has a 10% tax rate – but not for the customers of
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BDO accountants guilty
The Financial Times reports: A former BDO Seidman accountant pleaded guilty on Wednesday to charges that he participated in a scheme to sell abusive tax
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Isle of Man makes a small step forward
New approach needed to tackle tax havens – Accountancy Age. The Isle of Man says multilateral Tax Information Exchange Agreements are the way forward. I
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Tax abuse is not free trade
The Seattle Times notes: PANAMA is a country primarily known for three things: a canal, cool hats and money laundering. In fact, you can float
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KPMG says tax havens cost $225 billion a year
According to a report in India: Tax havens like Mauritius with which India has a tax treaty or Bermuda, shield a staggering $225 billion in
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Fining big company finance directors is fair
The Times notes: Eight in ten of Britain’s biggest companies are set to clash with HM Revenue & Customs over new rules to hold finance
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