Ethics and governance in the European Financial centers

Archives > 2009-08

08/30/2009

Automatic information exchange v. bilateral treaties for tax information by request

John Christensen from Tax Justice Network last Sunday analysed the reason why the OECD tax model based on bilateral treaties for tax information by request was adopted by secrecy jurisdictions in the European Union that do not want to go further in the implementation of the Savings Directive .   The statu quo is promoted by Luxembourg, the tiny jurisdiction where there are so many red flags of frauds and bad governance that are emphasized by the small size all the more than these red flags are visible in public and official sources, which are the visible part of the...

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08/30/2009

Countering Offshore Tax Evasion: Some Questions and Answers

The OECD on 28 August issued a  document to clarify its approach to counter tax evasion.   A couple of paragraphs are worth being quoted:   [The experts the OECD’s Committee on Fiscal Affairs and the Global Forum have suggested that] a good indicator of progress is whether a jurisdiction has signed 12 agreements on exchange of information that meet the OECD...

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08/30/2009

Not a good time for tax evasion to Switzerland

France gets a list of 3000 French taxpayers with bank accounts in Switzerland, according to a report in the weekly Journal du Dimanche . Minister Woerth interviewed by the newspapers says the...

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08/30/2009

Whistle blowing always leads to a dead end

08/23/2009

Luxembourg : the half-regulated center

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