From Oxfam America's new report Broken at the Top: How America’s dysfunctional tax system costs billions in corporate tax dodging: Now read on. … [Read more...]
Archives for 2016
Finance ministers: “hammer blow against tax evasion” – or a feather-swipe?
. . . with new updates, April 18th The Finance Ministers of Germany, France, Britain, Italy and Spain have announced a new plan to share information about the beneficial ownership of companies, trusts, foundations and other structures, complementing existing efforts by the OECD (the Common … [Read more...]
Links Apr 15
LuxLeaks trial: "Deltour regrets nothing" Luxemburger Wort See also our blog: Will Antoine Deltour become a prisoner of conscience? Panama Papers: Is the U.S. giving Mossack Fonseca a Pass? Newsweek "There’s an old rule to conducting criminal raids for authorities who would, frankly, … [Read more...]
Trove of secret Swiss bank data released to European countries: now use it!
Back in 2014 Reuters reported, in a pre-echo of the Panama scandal: "Authorities in the German state of North Rhine-Westphalia [NRW] have bought a CD containing data about several thousand German clients of a Swiss bank, German newspaper Bild am Sonntag said on Sunday without citing its … [Read more...]
Links Apr 14
What the Panama Papers Mean for Global Development Inter Press Service The Panama Papers: Working Towards A Solution Huffington Post Canada Cites @nickshaxson's book Treasure Islands: Tax Havens And The Men Who Stole The World Broken at the top: How America’s dysfunctional tax system costs … [Read more...]
Links Apr 13
'A system of privilege and benefits': is a global tax body needed? The Guardian Panama Papers and the broken global tax system ActionAid UK "It is the world’s poorest people who are paying the price." ActionAid: 2016 Make Tax Fair Everywhere Speaker Tour Activists from Africa & Latin … [Read more...]
Whistleblower Antoine Deltour warns MEPs: DON’T vote for the EU Trade Secrets Directive tomorrow
Thanks to the so-called #LuxLeaks revelations hundreds of tax agreements between the Luxembourg authorities and multinational companies made behind closed doors were made public and the consequences are still in play. Former employee of Price Waterhouse Coopers Antoine Deltour is the whistleblower … [Read more...]
Area more than three times the size of Greater London owned in UK by secret companies in offshore tax havens
From Global Witness (no further comment from us is needed): Area more than three times the size of Greater London owned by secret companies in offshore tax havens An area of British land more than three times the size of Greater London is owned by secret companies in offshore jurisdictions like … [Read more...]
Taxing tax havens – Foreign Affairs article
TJN Senior Adviser James S. Henry has an article in the latest edition of Foreign Affairs entitled Taxing Tax Havens: How to Respond to the Panama Papers. It makes the point, as we have, that the tax havens are about so much more than tax, and then adds that much of the wealth supposedly stashed in … [Read more...]
Links Apr 12
After ‘Panama Papers’ leak, UN expert calls for end of financial secrecy to halt illicit fund flows UN News Centre Panama Papers Shows Yet Again Why We Need An Intergovernmental Tax Commission In The UN Huffington Post Counting The Cost - Panama Papers: Inside The Shadowy World of Tax Havens … [Read more...]
If you’re in Washington, D.C. on April 14th . . .
From the Institute for International Economic Policy: Thursday, April 14th, 2016 5:30 – 8:30 PM Harry Harding Auditorium, Room 213 Elliott School of International Affairs 1957 E Street NW, Washington, D.C. The Institute for International Economic Policy at the George Washington University … [Read more...]
Press release: Tax Justice Network responds to European Commission proposals for public country-by-country reporting
The European Commission’s proposals mark one more step towards the global adoption of a crucial measure for international tax transparency and accountability – but they are so highly flawed that as things stand they would most likely be bad for European tax revenues, and provide no help at all to … [Read more...]
The Panama papers are not about tax
Update: see TJN writer in UK's Prospect Magazine making this general point. This deliberately provocative headline is of course not fully true: tax is clearly a tremendously important aspect of the Panama papers scandal, as it continues to roil governments and élites and their advisers, around … [Read more...]
Oxfam: the International Finance Corporation and tax havens – new report
Monday 11th April Oxfam has launched a new briefing on the IFC and tax havens. This briefing will also be presented and discussed at our event at the World Bank CSO forum on Friday 15th of April at 11 am-12.30 in Washington DC. … [Read more...]
Links Apr 8
The Panama Papers: Victims of Offshore ICIJ Video animation: "Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry. This is their story." The fallout from Panama Papers revelations so far, country … [Read more...]
