
Nick Shaxson ■ Quote of the day: secret U.S. tax deals

From Robert Goulder of Tax Analysts, in the wake of the Luxleaks scandal involving the exposure by the International Consortium of Investigative Journalists (ICIJ) of large numbers of secret Luxembourg tax deals for multinationals, a reminder that Luxembourg isn’t alone in its secrecy:
“The IRS [the U.S. Internal Revenue Services] still operates a secretive process whereby multinationals can negotiate bespoke transfer pricing outcomes. They are called advance pricing agreements, and they have never been publicly disclosed since the program’s inception in the early 1990s. Once they’ve finished busting on Luxembourg, maybe the good folks at the ICIJ can try to crack that nut.”
Now he’s not saying that Advance Pricing Agreements (APAs) are in themselves a bad thing. But his comment about disclosure is spot on.
Related articles

Why the world needs UN leadership on global tax policy

🔴 Live: Road to UN vote on global tax system

Meses electorales en América Latina: September 2023 Spanish language tax justice podcast, Justicia ImPositiva

IMF challenges ineffective FATF approach to money-laundering

Fortunes africaines: l’impôt en question, Edition 53: The Tax Justice Network French podcast

Tax Justice Network Arabic podcast #69: كيف نهب رياض سلامة أموال اللبنانيّين؟

Beneficial ownership and climate crimes: A fishy business

Convenção na ONU pode conter $480 bi de abusos fiscais #52: the Tax Justice Network Portuguese podcast

Response to erroneous claims about the State of Tax Justice report

Plus que jamais, l’Afrique a besoin d’un système fiscal mondial négocié à l’ONU. The Tax Justice Network French podcast #52
