Here's our quote of the day, from Mariana Mazzucato, via the Financial Times: “Businesses invest only where they really see future technological and market opportunities. If you bring their tax to zero, you’ve just made them richer, they will golf more. They will not invest.” Read more … [Read more...]
Archives for 2015
UK Prime Minister Cameron told: stop Jersey-registered shell company suing Romania in ‘corporate court’
A letter (see below) to the UK prime minister signed by TJN and other global justice campaign organisations, calls on David Cameron to stop a Canadian mining company using a Jersey ‘subsidiary’ to sue Romania for halting toxic gold mine, and warns that such cases will balloon under the proposed … [Read more...]
Links Aug 13
Cayman Auditor General Alastair Swarbrick resigns - to join the OECD as a Senior Policy Adviser Cayman 27 Tax authorities urged to be more vigilant over the super-rich Financial Times (paywall) India: How the rich are building a defence against the black money law Business … [Read more...]
Is it time to assess the financial secrecy of the Vatican?
The Vatican-based Istituto per le Opere di Religione (the Institute for Religious Works or IOR, a.k.a. the Vatican Bank) probably falls into the category of the world's most controversial bank. Now, according to this long read article in today's Guardian, the bank's unaccountable bureaucracy and … [Read more...]
The Heavens: a photographic exploration of tax havens
In his essay on what he termed 'Conspicuous Leisure', economist Thorstein Veblen observed that "In order to gain and hold the esteem of men it is not sufficient merely to possess wealth or power. The wealth or power must be put to evidence, for esteem is only awarded on evidence. And not only does … [Read more...]
Links Aug 12
Africa loses over billion annually in tax evasion, says Tax Justice Network-Africa Afrika Reporter Africa urged to tighten loopholes for effective revenue collection Coastweek Civil society groups in Kenya push for laws to criminalise tax evasion Standard Digital Canada: Organize a vote … [Read more...]
Who are the real “marauders”?
ma+raud verb. to search (a place) for plunder On Monday this week the Guardian newspaper splashed a headline across its frontpage about a comment from UK minister of foreign affairs Philip Hammond accusing "marauding migrants" of threatening the standard of living of Europeans. … [Read more...]
Links Aug 10
Swiss banks step up battle for Asia's super-rich Reuters See also: Coutts Millionaires to Reverse Loss at UBP Asia Private Bank Bloomberg Brazil tax amnesty plan may struggle to lure back offshore assets Reuters Petrobras Oil Scandal Leaves Brazilians Lamenting a Lost Dream The New York … [Read more...]
Joseph Stiglitz: Why America (and Britain come to that) are on the wrong side of history
Influential economist Joseph Stiglitz has published an article in the Guardian newspaper in which he argues that the USA (and we would add the UK and other major OECD countries) is systematically blocking attempts by other countries to strengthen global governance. … [Read more...]
The power of corporate propaganda: review of ‘The Mythology of Business’
Why did the vibrant social democratic traditions of Europe and North America collapse so swiftly in the face of the pervasive propaganda of the neoliberal project? … [Read more...]
Links Aug 6
Joseph Stiglitz: America is on the wrong side of history The Guardian "The US has become an obstacle to reshaping international laws for tax, debt and finance" Luxembourg’s Euro Note Love Affair Raises Eyebrows Over Taxes Bloomberg Debt-Ridden Puerto Rico Plans to Become Tax Haven to Attract … [Read more...]
Women’s Working Group reaction to the Addis Ababa finance for development outcomes
From the Women’s Working Group on Financing for Development Reaction to the Outcome Document of the Third International Conference on Financing for Development: Addis Ababa Action Agenda July 2015 Download PDF The Women’s Working Group on Financing for Development (WWG on FfD) expresses … [Read more...]
No country for dirty money: behind Britain’s populist promise on corruption
This guest blog by Jörg Wiegratz was originally published by The Conversation, and is re-published here with the author's permission The contemporary global economy is characterised by high levels of corruption and crime. Economic chicanery and fraud are rife in many business sectors … [Read more...]
Links Aug 5
Women’s Working Group on the FfD3 outcome document CSOs for the 3rd Financing for Development Conference See also recent blog: “Global Tax Body: After 3 days of bullying, developing countries were run over” New report on banks’ tax avoidance: Transparency is key to fight tax dumping Sven … [Read more...]
Links Aug 4
A Defeat for International Tax Cooperation Global Alliance for Tax Justice / Project Syndicate See also: Tax body blow in Addis weakens developing nations Mail & Guardian, and recent blog: Global tax body: “After 3 days of bullying, developing countries were run over” Tax inspection depends … [Read more...]
