"Even without international reporting for #crypto, #Denmark 🇩🇰 enforces third-party reporting by domestic platforms. Linking these data to tax returns shows that about 90% of crypto sellers fail to report in a given year." 💬 Mona Baraké

"Crypto sits largely outside the traditional financial system, with no international third-party reporting. In Norway (2021), approximately 5% of adults owned crypto, but only 0.89% reported it for tax purposes—implying a reporting rate of about 17%." 💬 Andreas Okland

"Oligarchs’ companies have a very global footprint & rely heavily on tax havens. Sanctions have no impact on their global footprint. After sanctions are imposed, these companies tend to reallocate toward more secretive locations & continue to receive Western capital." 💬 Marcel Olbert

"Adopted in 2015, the EU’s 4th AML Directive required beneficial ownership registries. Exploiting its staggered adoption, evidence shows higher competition in public procurement, driven by open procurement procedures." 💬 Carol Seregni

Session 2: transparency & beneficial ownership

"Tax havens create negative spillovers—eroding tax bases & enabling crime. In 2015, #Ecuador 🇪🇨 imposed a +3pp corporate tax surcharge on firms owned via tax havens. Result: a 30% drop in observed haven ownership." 💬 @jakobbrounstein.bsky.social

"The Automatic Exchange of Information (AEOI) seems to deter the shifting of new wealth to offshore accounts; when people become wealthier after the AEOI, they are less likely to transfer money offshore." 💬 @gabrielzucman.bsky.social

"In the Isle of Man, many offshore clients actively avoided tax reporting. Plus, 80% of assets aren’t reported directly by the bank but rather by entities with weaker incentives to comply." 💬 @jeannebomare.bsky.social

First session dives into the economic effects & limitations of #CRS.

“Following the introduction of CRS, it seems that matching rates and reporting rates are very high, so the picture is starting to be positive, but at the same time, tax havens haven’t disappeared.” 💬 @jakobmiethe.bsky.social

“The same mechanisms that operate for tax evasion are used for corruption. There is almost a perfect congruence/coincidence.” 💬 Matthew Caruana Galizia

Wrapping up Day 2 with the closing keynote: "The AEOI – A Success Story?" by Pascal Saint-Amans.

💬 "Despite some gaps, the AEOI has been a success story. However, growing geopolitical fragmentation risks undermining the infrastructure on the ground that makes it work."

"In terms of challenges, the issue is twofold: the quality of CRS data and timing, as we hope to move toward real-time CRS reporting in the future." 💬 Diego Armando Miranda Barrios

358 806 signatures for the full suspension of the EU-Israel association, more than 1/3 of what is needed and 4 of the 7 countries needed over 100%.
tinyurl.com/mv8fzdhu

☑️Belgium 103%
☑️Finland 100.5%
☑️France 296%
Ireland 58.7%
Italy 79.8%
Netherlands 31%
Poland 51.4%
☑️Spain 111.9%
Sweden 81.6%

I use that French A.I. bot too. Very good.

Well said. I went on Linux half a year ago. Would have been a nightmare (sorry geeks) without AI: french of course:

But with all the digital experts in Europe we can develop a OS for phones and PC that will require 0 input from Win, Google, META and Grok 🤮

apps.apple.com/dk/app/le-ch...