Following Jersey Finance’s various promotional materials including Value to Britain, its Moving Money report which claims to show the beneficial role of offshore centres, and its publications on Jersey’s links to Russia, China and India, comes a report on Jersey’s Value to Africa.
More Luxembourg Luxleaks reactions: accusations of hypocrisy, finger-pointing at the Netherlands
The headline of the Luxembourg Tageblatt over the weekend was “The Hypocrisy Behind Luxleaks”.
The other side of tax havens: 8% of the Cayman workforce make less than 5.30 USD/hour
Not everybody in tax havens profits equally from offering tax avoidance services to multinationals, as noted by Richard Murphy yesterday commenting on Luxembourg Leaks. In Luxembourg, “the gain goes largely to the financial professionals within the duchy who effectively dominate its government.”
Luxembourg media report on “Broadside against the financial centre”
Cayman news: Automatic tax information exchange compared to “war of terror upon taxpayers”
An article in the Cayman Financial Review with the title “From Tax Treaties to Terror” warns of the consequences of automatic tax information exchange between jurisdictions. Read more…
Major (former?) tax havens featured in Germany’s largest newspaper
It’s fair to say the tax transparency agenda has come a long way. From yesterday’s BILD, Germany’s best selling tabloid with the sixth largest circulation worldwide, an article with the headline: Read more…
British Virgin Islands news: Smaller Q2 fall in company incorporation statistics; international promotion efforts paying off?
As reported by the BVI Beacon, the most recent company incorporation statistics from the British Virgin Islands show 11.471 companies were incorporated in the second quarter of 2014, taking the total for the first half of 2014 to over 25 thousand.
Italian police break up 1.7 billion euro tax fraud ring; proceeds laundered in Luxembourg
Via wort.lu
“(AFP) Italy’s financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state out of 1.7 billion euros of tax with cash deposited in Luxembourg.
Colombia adds Panama, Barbados, UAE, Kuwait and Qatar to tax haven list
Reuters reports that Colombia has added Panama to its tax haven list, along with several other countries.
Switzerland news: Growing Russian interest in Swiss financial sector
Switzerland’s Neue Zürcher Zeitung reports on growing interest from Russians in placing their funds in Switzerland.
Financial Secrecy Media Monitor 