I AM NOT A FAN OF THE USE OF UNILATERAL MEASURES IN international diplomacy; including the use of tax haven or other types of blacklists related to compliance with global norms on transparency and information exchange. Although we often think of this kind of state action in the context of armed conflict where there are … More OP-ED: Why Europe is Ill-Suited For The Business of Blacklisting So-Called ‘Non-Cooperative’ Jurisdictions.
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In 10 reports released today, by the OECD Global Forum on Transparency and Exchange of Information, St. Lucia, Switzerland, Albania, Cameroon, Gabon, Pakistan and Senegal are all found ‘Largely Compliant with international tax transparency and exchange of information rules. The United Arab Emirates was found ‘Partially Compliant’ only. Both Ukraine and Liberia‘s legal and regulatory framework … More Just In: Switzerland Now ‘Largely Compliant’ with International Transparency Rules.
If London’s banks lose their financial services passport, Ireland may be the biggest winner if relocation decisions are based on where these banks maintain subsidiaries. This is the thinking behind a confidential internal note prepared by Deusthe bank for its July 5 board meeting. According Deusthe, their competitors would most likely relocate their operations to … More Will London’s Bankers Give Up Their Swanky London Post-codes?
Just because you are a member of the European Union (EU) doesn’t mean that you have to ‘remain’ a member forever. Article 50 of the Treaty of the European Union provides for any member to withdraw from the Union in accordance with its own constitutional requirements. Step 1 Notification: According to the ‘remain’ campaign the … More How to BREXIT? A 3 -Point Plan
Switzerland looks to be one step closer to responding to requests for information based on stolen data once that data is in the public domain. This is because the Swiss Federal Council has adopted a dispatch on certain proposed amendments to its Tax Administrative Assistance programme that will ease the rules on the use of … More Will International Rules on Tax Information Exchange Fuel a Market for Stolen Tax-Payer Data?
A paltry 110 people out of a population of just over million in the Caribbean Community (CARICOM) were found with HSBC bank accounts according to the information leaked by HSBC’s whistle-blower, Hervé Falciani. Moreover, the amount allegedly stashed in HSBC’s Private Bank is just under US2billion . A potentially statistically irrelevant amount compared to the estimated hundreds … More When the Numbers Don’t Add Up.