Accounting multinational PWC has been condemned in a new report by the UK Parliament's Public Accounts Committee (PAC) for providing misleading evidence to Parliament and "promoting tax avoidance on an industrial scale." The Committee, which has led the way globally in exposing the tax avoidance … [Read more...]
Archives for 2015
Links Feb 4
Multinationals channel more money through "hubs" in Singapore, Switzerland than ever before, Australian Taxation Office says The Sydney Morning Herald Boost for Juncker as possible probe by MEPs into LuxLeaks scandal now in the balance The Bureau of Investigative Journalism See also earlier … [Read more...]
BEPS Through the Looking Glass: Where Do We Stand?
Guest blog from TJN Senior Adviser Professor Sol Picciotto, Chair of the civil society BEPS Monitoring Group. … [Read more...]
Quelle Surprise! billions laundered daily through the City
For those of you who haven't already read Treasure Islands, this recent headline in The Times might come as a shock. The article itself is behind a pay wall, though the jist is easily http://healthsavy.com captured: the head of Britain's National Crime Agency, Keith Bristow, has warned that London … [Read more...]
Luxembourg Leaks: EU Parliament Inquiry Committee a matter of political will
The following press release was posted this afternoon by Sven Giegold MEP: … [Read more...]
Support a Tax Dodging Bill
In the run-up to the general election in the UK this May, a campaign is underway to persuade ALL candidates from ALL political parties to engage in a race-to-the-top to ensure fair and effective corporate taxation. … [Read more...]
The Offshore Wrapper: a week in tax justice #49
The African Union gets tough on illicit financial flows African Union leaders meeting in Ethiopia last weekend adopted a report from Thabo Mbeki’s UN High Level Panel on Illicit Financial Flows. … [Read more...]
Links Feb 2
Obama planning to tax US firms' foreign profits in blow to Ireland Irish Independent See also: It’s time to smell the coffee and start cooperating on international tax Tax Research UK Companies debate merits of ‘fair tax’ kitemark Financial Times (paywall) "For the UK’s second-largest energy … [Read more...]
The Mbeki panel on illicit financial flows: Africa leads the way
Former South African president Thabo Mbeki panel has presented the findings of his panel to the African Union summit, where they were adopted directly into the declaration. Now, we’re biased for all sorts of reasons (more on that below), but this is an historic moment – and probably the most … [Read more...]
Mbeki Report On Financial Crime Will Shift Global Tax Debate, Says Christian Aid
UPDATE: The report of the High Level Panel on Illicit Financil Flows chaired by President Mbeki was adopted by the African Union Summit meeting on 31st January 2015. This represents a major milestone for the global tax justice movement. Campaigners throughout Africa can now push their … [Read more...]
Jean-Claude Juncker and tax haven Luxembourg, in a picture
From Gabriel Zucman, an image enhanced by David Walch of Attac-Austria: Juncker, of course, has denied responsibility for his role in Luxembourg's tax haven activities such as the Luxleaks scandal. In his role at the head of the European Commission it's politically important for him to say … [Read more...]
Links Jan 30
Civil Society Response to the Financing for Development Elements Paper Eurodad Press release: Standard Chartered publicised tax avoidance strategy for use in some of the world’s poorest countries ActionAid Le Prix A Payer is France Inter’s “Les Choix de Inter” [pick of the week] African … [Read more...]
The Tax Justice Research Bulletin – 1(1)
January 2015 The Tax Justice Research Bulletin is written by Alex Cobham This is the inaugural Tax Justice Research Bulletin, the first of a monthly series dedicated to tracking the latest developments in policy-relevant research on national and international taxation. This issue looks at a … [Read more...]
Economists and academics back the Tax Dodging Bill
TJN's John Christensen joins up with almost 70 other economists and academics in the following letter backing the Tax Dodging Bill proposal published in The Times today: … [Read more...]
Quote of the day – is this why so many bankers are rich?
The quote of the day comes from the widely read financial blog Stumbling and Mumbling, via FT Alphaville, and it goes like this: "Bankers go home with big money for the same reason zookeepers go home with shit on their boots: if there's a lot of stuff around, some of it will stick to … [Read more...]
