We have on several occasions fingered Panama as a particularly recalcitrant secrecy jurisdiction: our recent Panama Narrative Report spills a fair number of beans in that respect. Its recalcitrance is perhaps hardly surprising, given the quantity of Colombian and Mexican drugs money believed to be … [Read more...]
Archives for 2015
Links Dec 9
Latin America and Caribbean Tax Administration Dialogue on International Taxation in Quito Global Alliance for Tax Justice Country-by-Country regime passed by Australian Parliament Global Alliance for Tax Justice New Study: Illicit Financial Flows Hit US$1.1 Trillion in 2013 Financial … [Read more...]
Tax havens and the role of multinationals running care services
Guest blog: an opportunity to Fight Tax Havens in the EU By Johannes Kananen, Thomas Wallgren, Matti Ylönen, and Matti Kohonen The EU’s new Directive on public procurement (2014/24/EU) is currently being implemented in many countries, and the fate of one small article in the directive may … [Read more...]
Lazonick: tax cheating is just part of Pfizer’s corrupt business model
Recently the U.S. pharma giant Pfizer announced a merger with the drugmaker Allergan, in a deal heavily motivated by tax cheating via a 'corporate' inversion - a corporate relocation to take advantage of (in this case Ireland's) lax tax regime. Much has been said on the topic, with U.S. … [Read more...]
Jersey: the fall of a Finance-Cursed tax haven
A new article in the Guardian Long Reads series, entitled The fall of Jersey: how a tax haven goes bust. (Not as dramatic as this one, but still.) The article heavily features Jerseyman John Christensen, TJN's Director (along with Richard Murphy of Tax Research UK, who has been influential in … [Read more...]
Links Dec 7
The determinants of tax haven FDI Science Direct Paper examines the determinants of a multinational enterprise's (MNEs) decision to set up tax haven subsidiaries. Cayman Islands fraudsters may have moved $450 million to Cuba Caribbean News Now! Very interesting report by Kenneth Rijock, a … [Read more...]
The chaser’s guide to tax havens: a simple 1,413-step guide
Some offshore humour for a Monday morning: The Chaser's Guide to Tax Havens, from Australia. The magazine has an interesting history: "Ever since The Chaser started, back in 1999, we have strived to build our company on a solid foundation of inexplicable and highly technical tax losses." Back … [Read more...]
COP21 – TJN statement to the Citizen’s Climate Summit in Paris
TJN participated at the Citizen's Climate Summit in Paris this weekend. TJN's director John Christensen spoke at a rally in Montreuil where this statement on financing the social and ecological transition was agreed by an assembly of 196 civil society representatives … [Read more...]
Links Dec 4
Exploring the Panorama of Inequality... ActionAid A battle over billions in business tax incentives CBS News Tax systems: A channel for corruption – or a way to fight it? Transparency International The sun starts setting on our financial industry Malta Today "... a race to the bottom on … [Read more...]
Quote of the day – on Mark Zuckerberg’s ‘charitable donation’
For those who don't know, Facebook founder Mark Zuckerberg this week pledged, on the birth of his daughter, to donate 99 percent of his billion-worth of Facebook stock to good causes. Which has generated adulation and love, from around the world: just look at the Great and the Good lining up to … [Read more...]
Workshop: Call for Papers on Corruption and the Role of Tax Havens
Call for papers for a Research Workshop on CORRUPTION AND THE ROLE OF TAX HAVENS … [Read more...]
Shell companies: UK statement on public registers – and an animated video
A new announcement from the Joint Ministerial Council of the UK and its Overseas Territories - many of which are major global tax havens: "We agreed to hold beneficial ownership information in our respective jurisdictions via central registers or similarly effective systems. We discussed the … [Read more...]
French parliament approves public country-by-country-reporting
Updated with new analysis. Update 2: on a third round, the proposal has failed in the national assembly. This is far from the end of it. STOP PRESS: We've just heard that the French National Assembly has voted in favour of public -- yes, public -- country-by-country reporting. As a member of … [Read more...]
Three Tax Whistleblowers Who Changed The Game
The following blog was first published as part of a longer article in the Whistleblower Edition of Tax Justice Focus (available here). The article was authored by Professor William Byrnes, Associate Dean (Special Projects) Texas A&M University Law. A lawsuit filed by Daniel Schlicksup, a … [Read more...]
Links Dec 3
Revealed: how Southeast Asia’s biggest drug lord used shell companies to become a jade kingpin Global Witness For Facebook’s Zuckerberg, Charity Is in Eye of Beholder Bloomberg Gabriel Zucman points out: “A society where rich people decide for themselves how much taxes they pay and to what … [Read more...]
