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Leading article: Offshore tax deals - legal but wrong
David Marchant
Posted: Friday, April 6, 2012 8:45 AM
Joined: 9/13/2007
Posts: 413


The Independent: How about a "Double Luxembourg", or perhaps a "Double Irish", or even a "Double Irish Dutch Sandwich"? When it comes to avoiding corporation tax, there is certainly no shortage of options. The scandal, therefore, is not so much that Amazon pays barely anything to the British exchequer in relation to its £3bn-plus UK operations; the scandal is that such elegant accounting two-steps are entirely legal.

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On Correspondent Bank Accounts ... the Achilles Heel of Offshore Banking
Dan Reeves
  If you blinked, you probably missed the news.  On January 29, 2013, a federal judge sitting in New York City authorized the IRS to issue a John Doe summons to UBS AG in Stamford, Connecticut for the correspondent bank records of Wegelin Bank of Switzerland and at least two other Swiss banks that nested their