From the Equality Trust: How Inequality Became THE Issue - Five Years of The Spirit Level … [Read more...]
Archives for 2014
Three fifths of multinational CEOs want country by country reporting
From Christian Aid: "Two-thirds (66 per cent) of the CEOs of large UK firms surveyed agreed that ‘multinationals should be required to publish the revenues, profits and taxes paid for each territory where they operate’. PwC’s research, which involved 1,344 interviews with CEOs in 68 countries, … [Read more...]
Links Feb 7
Delayed European Parliament vote crucial for corporate transparency Eurodad See also: Time for action on financial transparency euobserver Bankers take fight over U.S. anti-tax dodge rules to appeals court Reuters … [Read more...]
Links Feb 6
Global version of FATCA could be a reality in a few years, say industry officials Thomson Reuters / Compliance Complete See also: No more delays for FATCA, says IRS STEP Greek-Swiss tax deal remains elusive Reuters Is Switzerland retreating on Rubik? … [Read more...]
Links Feb 5
Obama Tax Rhetoric on Offshore Profit Falls Shy of Action Bloomberg See also: U.S.: Has the Tax Code Been Used to Reduce Inequality During the Obama Years? Not Really. Citizens for Tax Justice … [Read more...]
Flipping the corruption myth
TJN has previously challenged the prevailing discourse on corruption; and we have taken particular issue with Transparency International's Corruption Perceptions Index (CPI), which looks at corruption through a highly distorted prism. … [Read more...]
GFI: $410bn illicit flows in or out of Philippines from 1960-2011
February 4, 2014 Philippine Economy Loses US2.9 Billion in Illicit Financial Outflows from Crime, Corruption, Tax Evasion over 52-Year Period; US7.6 Billion Transferred Illegally into the Philippines Smuggling through Trade Misinvoicing Cost Philippine Taxpayers at Least US$23 Billion in … [Read more...]
TJN’s Offshore Wrapper: The week in tax justice
We are all in this together “Frankly I don’t like any taxes at all,” David Cameron told the Federation of Small Businesses last week. … [Read more...]
Links Jan 31
African leaders must seize the initiative on global tax reforms Institute of Development Studies Is the new EBRD policy a turning point for the acceptability of tax havens in development finance? Eurodad … [Read more...]
Why does food cost so much in Jersey?
Today's edition of the Jersey Evening Post leads with an article headed 'Official: Why food costs so much more in Jersey'. Food prices, according to a new study, are one third higher than in the UK. Worse, once taxes and duties are excluded, the difference rises to 50 percent. … [Read more...]
Fiat moves tax domicile to tax haven UK – but will it create jobs?
Reuters reports: "Fiat said on Wednesday it would register the holding of its newly created Fiat Chrysler Automobiles group in the Netherlands and set its tax domicile in Britain … [Read more...]
Swiss subterfuges continuing to fool Italian politicians?
This zombie just won't die. From BusinessWeek: "Solving the dispute over undeclared Italian funds with Swiss banks will be on the agenda today … [Read more...]
Goldman tax dodge fury shakes Denmark government
We received this email yesterday about opposition in Denmark to a deal to sell a big stake in the state energy company Dong to Goldman Sachs, raising large civil society pushback, … [Read more...]
BVI got more foreign investment in 2013 than Brazil and India combined – UN
The British Virgin Islands (BVI) are back in the news. Last week the islands featured at the centre of a huge story about corruption in China. This week's story concerns UNCTAD's latest estimates of foreign direct investment flows through companies registered in the BVI. As Reuters reports: … [Read more...]
Open letter to UK Prime Minister
Dear Prime Minister The Huffington Post reports you saying: "Frankly I don't like any taxes." … [Read more...]
