The New York-based Center for Economic and Social Research (CESR) and Christian Aid have just published an important new paper entitled A Post-2015 Fiscal Revolution: Human Rights Policy Brief. It is a most useful contribution to the fast-growing community of researchers and research on the … [Read more...]
Archives for 2014
How Putin’s comrades washed their money in Switzerland and the UK
This is about an excellent Reuters investigation into a Russian state scheme to buy expensive medical equipment - and send money to Swiss bank accounts. It is worth reading in its entirety, but we will hone in on this bit: … [Read more...]
How ‘competitiveness’ became one of the great unquestioned virtues of contemporary culture
This headline is drawn from an important article at the London School of Economics website by Will Davies, Senior Lecturer at Goldsmiths, University of London. We've not had contact with Davies, but it seems we have been thinking along similar lines. … [Read more...]
Credit Suisse and tax evasion: a fine is fine, but why no jail time?
The Netherlands tax haven: infographic
From SOMO, and a page entitled The Dark Side of the Netherlands. Click to enlarge. Please share. Netherlands Tax Haven Infographic … [Read more...]
Links May 20
DoJ Does Victory Lap on Credit Suisse Guilty Plea on Single Criminal Charge naked capitalism Very important insights. See also Credit Suisse escapes worst as it pleads guilty to U.S. charges Reuters - New York regulator decides not to revoke the bank's license, and top management stay in place, … [Read more...]
Hedge funds versus tax collectors: quote of the day
From U.S. tax professor Victor Fleischer, in an article looking at how hedge funds and their managers use Bermuda reinsurance vehicles for their tax shenanigans: "The chess match between tax collectors and fund managers will continue. The top 25 hedge fund managers have one advantage, though. … [Read more...]
Report: Switzerland’s role in Shell’s tax avoidance
From SOMO in the Netherlands: "There is not one drop of oil coming out of the Swiss mountains, but still Royal Dutch Shell has eight subsidiaries in Switzerland. Between 2001 and 2005 the Dutch-British oil multinational set up a range of subsidiaries in the country, although these entities are not … [Read more...]
The UK’s shadow economy: £40 billion lost to treasury
The Financial Times reports this morning: The Treasury is losing more than £40bn of tax a year because of evasion and the hidden economy, nearly four times official estimates, according to a tax campaigner. Richard Murphy of Tax Research UK, a research group, called for tougher checks on hundreds … [Read more...]
The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner Credit Swindle? "We were running a criminal enterprise, but we didn't know," is what reportedly Credit Suisse will soon admit in its long running dispute with the United States Justice Department over alleged involvement in assisting US … [Read more...]
Programme: Tax Justice and Human Rights Symposium, McGill University, Montreal 18-20 June 2014
Tax Justice and Human Rights Research Collaboration Symposium Faculty of Law, McGill University, Montreal, 18-20 June 2014 Day 1: Emerging Scholars Symposium Wednesday 18 June … [Read more...]
Links May 19
Joining the Club: The United States Signs Up for Reciprocal Tax Cooperation Center for Global Development New Zealand: the Shell Company Incorporation Franchises (II) (and Ukraine) naked capitalism … [Read more...]
Credit Suisse: We were running a criminal enterprise.
We have written at some length about Credit Suisse's attempted defences of its long-standing business model, highlighted in a headline “Credit Suisse CEO says a few bankers are to blame for $10bn in tax evasion.” As we said: "The old ‘a few rotten apples’ defence. “Some Swiss-based private … [Read more...]
Mining for Gold: tax justice film
We are delighted to provide a short tax justice film covering the Tax Justice Network seminar on transfer pricing held in Dar es Salaam, Tanzania, last October. The full range of presentations are linked below the film, and will be permanently stored on our Transfer Pricing site. … [Read more...]
Listen to the Tax Justice Network on Resonance FM: a 1 hour Taxcast special radio show
If you missed it last week, you can hear it via the link below. Produced and presented as always by the Tax Justice Network's @Naomi_Fowler this show focuses on the City of London's role as a global tax haven hub, the power of the City of … [Read more...]
