OP-ED: Why Europe is Ill-Suited For The Business of Blacklisting So-Called ‘Non-Cooperative’ Jurisdictions.

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.

Will International Rules on Tax Information Exchange Fuel a Market for Stolen Tax-Payer Data?

  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?

Lukewarm Response to EU Beneficial Ownership Register Agreement.

(Christine Legarde (Managing Director , IMF) In the shadow of the Panama Papers the EU has reached agreement on the sharing of beneficial ownership information related to trusts and companies. Following UK Prime Minister, David Cameron’s commitment at the end of the G8 Summit in 2008 to create a UK beneficial ownership register that would be ‘public’; … More Lukewarm Response to EU Beneficial Ownership Register Agreement.

The Movement of Wealth, Transparency, the Right to Privacy…and More

The Q&A  with me on Page 9 which covers the issues which have been brought into sharp focus by the theft of the ‘Panama Papers’ is set out below: IFC: As more IFCs sign up to FATCA & the OECD’s Automatic Exchange of Information Standard, do you see a fundamental shift in policy happening in the … More The Movement of Wealth, Transparency, the Right to Privacy…and More

When the Numbers Don’t Add Up.

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.