Australia dragging chain on G20's global tax crackdown The Sydney Morning Herald Bangladesh: Money flies away from Bangladesh The Daily Star "UNDP study shows grim trend of massive illicit capital flight". See also: 62% rise in Swiss bank deposits The Daily Star … [Read more...]
Archives for 2014
IMF: tax havens cause poverty, particularly in developing countries
The IMF has a major new Policy Paper out entitled Spillovers in International Taxation, looking at the effects that one country’s tax rules and practices can have on others. Of course this is a Staff Report and the IMF would never be so rude to some of its most powerful member states as to … [Read more...]
Links Jun 25
The Twin Insurgency The American Interest "The postmodern state is under siege from plutocrats and criminals who unknowingly compound each other’s insidiousness." Bangladesh: Anti Poor Tax Policy in Budget 2014-15 denies Redistributive Justice equitybd … [Read more...]
The UK’s ‘open for business’ tax regime: investment falls
We were going to do a job on this report but Tax Research got there first, so we'll cut and paste: UK corporation tax policy fails to attract new business as Foreign Direct Investment falls From the time that the current government came into power corporation tax reform has been one of their … [Read more...]
Why big time tax dodgers love Jean-Claude Juncker
From Private Eye, a commentary on Jean-Claude Juncker, and our quote of the day: "Supporters of would-be European Commission president Jean-Claude Juncker should perhaps pause to examine the great man’s record of wreaking fiscal havoc across the continent." . . . [under his tutelage] the Grand … [Read more...]
The Impacts of Illicit Financial Flows on Peace and Security in Africa
From Alex Cobham of the Center for Global Development, a paper for the Tana High-Level Forum on Security in Africa 2014. It's called, as our title suggests, The Impacts of Illicit Financial Flows on Peace and Security in Africa. Published in April, it's an important contribution to the … [Read more...]
New report: developing countries want automatic information exchange
From the International Tax Review: "The Tax Justice Network (TJN) has accused the OECD of not consulting developing countries about the design of the framework for Automatic Information Exchange (AIE), which the G20 has endorsed as the global model for information exchange." Our new report was … [Read more...]
The June 2014 Taxcast: Piketty, the World Cup, and capital flight
The Offshore Wrapper: a week in tax justice
Forever in your debt Last week saw news of a major decision from the US Supreme Court on the long running feud between the Government of Argentina and vulture fund, NML Capital. … [Read more...]
The alternative offshore awards: an idea whose time has come?
From the Financial Secrecy Media Monitor: "Thanks to a promoted tweet from Jersey Finance comes news of the International Fund & Product Awards 2014, in which Jersey won the Best International Financial Centre award. Other winners were Standard Bank Offshore Group for Best International … [Read more...]
Campaign: Ireland’s tax model must stop hurting the global south
In 2012 ActionAid published a report estimating that a huge new tax loophole deliberately created by the UK government - which it seems is bringing in precious little in terms of jobs or tax revenues - is also likely to cost developing countries some £4 billion (US$6 billion) a year. Ireland's … [Read more...]
Quote of the day: the central question for the finance industry to answer
From The Economist magazine, in an article entitled Counting the Cost of Finance, which looks at a new paper by Guillaume Bazot of the Paris School of Economics, which complements U.S.-based research on finance to look at the situation in Europe. The paper finds, unsurprisingly, that the GDP share … [Read more...]
Linking Finance to Human Rights: the video
From Center of Concern, a video that fits well with our tax justice and human rights programme. As they note: "Only through financial reform can human rights be sustained. The Center of Concern provides this video for your use in classes, meetings, and other community organizing … [Read more...]
Links Jun 20
Why big time tax dodgers love Mr Juncker Private Eye See also recent blog Architect behind Eurozone’s biggest tax haven wants to be EC president EU closes tax loophole for multinational firms Reuters See also: Anti-Money Laundering: Commissioner Barnier welcomes progress in Council European … [Read more...]
Life Cycles: the 18,000 mile bike ride
In 2009 we hosted a guest blog by Julian Sayarer, who was setting off on a stunningly ambitious bike ride half way across the world, on behalf of a few organisations including TJN. He said at the time: "This ride is not for charity, with it I hope to raise an awareness rather than funds. These … [Read more...]
