Links May 15
Luxembourg and Austria go out of their way to help tax crime Tax Research UK. What has happened is potentially very serious. The one silver lining is that the parallel and different "Fatca" process is making good running, and that things remain very fluid and unpredictable. Many journalists have misread these European developments in glass-half-full fashion, with headlines such as "EU moves to close tax loopholes." No, this particular glass, and it's a big one, looks rather empty right now. Also see, for instance, EU keeps tax-hunt momentum, even as resistance firms France 24/AFP
Extra $68m for Australian Tax Office to tackle trust abuse The Australian
Hong Kong in line for surge in illicit fund inflows South China Morning Post
Singapore, EU moves to boost transparency may boost city's allure for global tax cheats
Tax havens yield to pressure for greater transparency la nacion (In Spanish)
Hat tip: Jorge Gaggero
Tax evasion remains a risk, says South African Revenue Service Business Report
Tax evasion in Pakistan: A critical analysis Business Recorder
Cayman key target in UK tax evasion investigation Compass Cayman
On the story of Australian, British, and U.S. tax authorities cooperating on investigating a large cache of information on complex offshore structures used to conceal assets.
Greek Crackdown on Tax Evasion Yields Little Revenue The New York Times
As FATCA spreads globally, ACFCS poll shows compliance duties are all over the map Association of Certified Financial Crime Specialists.
Visualizing The World's Tax Havens zero hedge
Tax Havens and the Return of the Pirates The Washington Spectator
Tax haven tsunami Islands Business
"What may kill offshore banking is the realisation that it does very little to benefit host nations."