Welcome to this month’s latest podcast and radio programme in Spanish with Marcelo Justo and Marta Nuñez, downloaded and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónica! (abajo en castellano). … [Read more...]
Archives for 2017
The 3rd International Conference on Beneficial Ownership Registries, Argentina
The 3rd International Conference on Beneficial Ownership Registries will take place in Buenos Aires on June 21st-22nd at Argentina's Central Bank. It is co-hosted by TJN with Fundacion SES, Argentina's AML Prosecutor (PROCELAC), the Anti-Corruption Agency and Security Ministry. We blogged about … [Read more...]
Links Jun 13
Africa: Global South Calls for International Body to Fight Tax Havens Uncova Uganda: Civil Society challenges Harmful Tax Holidays Global Alliance for Tax Justice Participants sign declaration on Good Financial Governance to fight illicit financial flows from Africa Ghana Business … [Read more...]
EU Parliament multinational transparency vote introduces ‘commercial confidentiality’ loophole
Yesterday the European Parliament held a crucial tax justice vote on making multinational companies with an annual net turnover of 750 million euros and above publicly report their activities, structures and tax payments on a country-by-country basis. That would mean no more secrecy around those … [Read more...]
UK coalition government driven by corporation tax cutters
The minority UK government elected last week is scrambling to agree a 'confidence and supply' agreement with a tiny party from Northern Ireland called the DUP (originally the Democratic Unionist Party). The DUP has attracted considerable attention in the past 24 hours because of its Protestant … [Read more...]
Double-Layer Secrecy: add Lawyer Confidentiality to Banking Secrecy
Global automatic exchange of banking information is set to start among countries that have committed to implement the OECD’s Common Reporting Standard (CRS). Similar automatic exchanges have already started between the U.S. and some countries that have managed to sign a FATCA-related … [Read more...]
Links Jun 9
Illicit Financial Flows: Perspectives from Developing Asian Countries CBGA India Nigeria: Acting President Yemi Osinbajo calls for Sanction of financial institutions aiding illicit flow of funds Business Day New Zealand: New disclosure rules sees sharp drop in registered foreign trustsTVNZ Dutch … [Read more...]
Links Jun 8
Global South Calls for International Body to Fight Tax Havens Inter Press Service See also: World gathers at UN, but stymies UN’s role in tax and transparency Financial Transparency Coalition, and our recent blog Tax Justice Network warns at the UN against subversion of Sustainable Development … [Read more...]
New multilateral instrument to limit damage done by tax treaties
Today sees the signing ceremony of a new multilateral instrument (MLI) to limit the extent to which bilateral tax treaties create the conditions for large-scale multinational tax avoidance. The OECD's Pascal Saint-Amans told the Financial Times (£) that "treaty shopping will be killed". Treaty … [Read more...]
Women’s Rights and Tax Justice: Conference in Bogotá, Colombia
On June 13th, 14th, and 15th, 2017 the Tax Justice Network will be taking part in an important conference of people coming together in Bogotá to discuss the little-understood and under-reported impacts of political decisions on taxation and financial secrecy on women and girls around the … [Read more...]
Public country-by-country reporting: it’s not about costs or trade secrets
A guest blog authored by Matti Ylonen [University of Helsinki and Aalto University Business School]. The European Parliament is currently debating a proposal for public country-by-country reporting (CBCR), and the vote was recently postponed to later in June. Under the original proposal of the … [Read more...]
How Global Audit Firms Are Using Their Lobbying Clout to Dilute Sarbanes-Oxley Reforms
The dirty world of tax evasion and avoidance involves all sorts of unpleasant and anti-social characters, none more so than the professional enablers who devise avoidance schemes, market these schemes to their clients, lobby governments for special treatments and permissive laws, and generally play … [Read more...]
Whistleblower Ruedi Elmer vs. the Swiss ‘Justice’ System
We've regularly covered the battles of whistleblower Rudolf Elmer against the Swiss “justice” system. As we've said before, and as has so often been the case with those brave enough to risk all to challenge injustice and corruption, the bank was the criminal, not Rudolf Elmer. He wrote a guest blog … [Read more...]
Tax Justice Network warns at the UN against subversion of Sustainable Development Goals
Last week the Tax Justice Network director Alex Cobham was invited to the United Nations in New York to address the ECOSOC Financing for Development Forum. Here are his remarks, which highlight a major threat to the Sustainable Development Goals target to reduce illicit financial flows. And what's … [Read more...]
Technology and online beneficial ownership registries: 21st century transparency
At the Global Tax Transparency Summit meeting held in London in December 2016, a senior official from the tax haven of Jersey claimed that one of the reasons for not making their registry of company ownership available to public scrutiny was the lack of a global standard for public company … [Read more...]
