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Britain signs agreement with off-shore havens to share tax information
Bermuda, the Turks and Caicos and other British overseas territories with extensive financial centres have signed agreements to share tax information in what the British government hailed Thursday as a major victory in the battle against tax evasion. Anguilla, Bermuda, the British Virgin Islands, Montserrat and the Turks and Caicos…
Economic ‘Group of 20′ urges global community to end banking secrecy
The Group of 20 economic powers on Friday urged the global adoption of standards for sharing bank account information in an effort to fight tax evasion and curtail banking secrecy. The G20 said they “strongly encourage” all countries to sign on to a commitment to the automatic exchange of banking…
Google, Amazon and Starbucks facing British inquiry over tax evasion
Campaigners, MPs and Taxpayers’ Alliance agree large companies are exploiting loopholes in international tax regimes. Google, Amazon and Starbucks will face aggressive and detailed questioning by MPs on Monday over their decision to base their European businesses outside the UK to avoid paying full UK tax. Responding to a growing…
Notorious lobbyist Jack Abramoff: The system is to blame
Infamous former lobbyist Jack Abramoff told MSNBC host Lawrence O’Donnell on Wednesday night that the political system of the United States needed to be changed because it lured people into corruption. He served three and a half years in prison after pleading guilty to corrupting public officials and tax evasion…
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