Monthly Archives:: February 2013

Mongolia kills tax treaty with Netherlands. Good.

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Update via Somo in the Netherlands: see the update in the text. We’ve just received an interesting email from colleagues in the Netherlands:”Mongolia has cancelled its DTA with Netherlands due to treaty shopping and resulting loss of revenue, a new dev…

The UK’s Great Tax Robbery: read within range of punchbag

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I am currently reading Richard Brooks’ The Great Tax Robbery.

It is a relentlessly brilliant demolition job on the outdated shibboleths, myths and political capitulations that underpin Britain’s long and steady march towards global tax haven status. Very accessible and well written, it attacks the UK’s last “New Labour” government as much as the current Conservative government, just as…

Many UK councils expect majority to pay no council tax

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First, a story from Detroit.”Nearly half of the owners of Detroit’s 305,000 properties failed to pay their tax bills last year, exacerbating a punishing cycle of declining revenues and diminished services for a city in a financial crisis, according to …

Bonus caps and financial transparency: a big step forwards

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Alongside a cap on bankers’ bonuses, a requirement for country by country reporting for banks.

Important stuff.

And here’s something I like very much, from the FT.

“While the terms of the deal are unlikely to change, if Mr Osborne holds out it will be the first time Britain has been outvoted on a financial services issue, a significant move

Country by Country reporting, a big step forward

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A qualified cheer for this news from the Financial Times (via Markus Meinzer):”As well as a prized bonus cap, which would go into effect in January 2014, parliament also prevailed in requiring banks to reveal their taxes and profits on a country-by-cou…