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.
The European Commission has today issued a press release confirming their finding that Ireland, granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, … More Ireland Must Recover 13 Billion Euros in Illegal State Aid to Apple.
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?
“PM Cameron also ruled out blacklisting countries on the basis that they were zero- or very low-tax jurisdictions.” “Asked about blacklisting tax havens, the PM said: “We’re happy to support blacklists but we don’t think we should draw up a blacklist solely on the basis of a territory raising a low tax rate – we don’t … More Why For My Money, UK PM Cameron is the World’s Top International Tax Diplomat.
(Image:www.defenders.ca) Ireland is not a tax haven and has never been one! So says the secretary-general of the Organization for Economic Co-operation and Development (OECD), Dr Angel Gurria. Seriously??!! Dr Gurria was responding to an announcement made in Brussels that investigations into the tax systems of Ireland, the Netherlands and Luxembourg are to be carried … More Ireland Has Friends in High Places!
Asking what is a tax haven is like asking how to lose stubborn belly fat; because the answer depends on what the person you are asking, is selling. If you watch what I call ‘Fat/Fit’ TV on your local cable network, you’ll know that if you want to lose your gut there dozens of ways you can … More What is a Tax Haven? It Depends.
(New York Representative Charles B. Rangel, Member of the US Ways and Means Committee) Yesterday, as part of their continuing work on comprehensive US tax reform, the Ways and Means Committee of the US Congress convened a hearing on the use of tax havens by U.S. and foreign multinational corporations to avoid tax; shift profits outside the … More 5 Point Summary of OECD’s Testimony at Yesterday’s US Congress Hearing on Tax Havens.