Swiss top court knocks down bid to extend banking secrecy Reuters This news is huge. See our November 2016 blog: Trial of whistleblower Rudolf Elmer breaks open Swiss banking secrecy at a new level ‘I had a moral duty’: whistleblowers on why they spoke up The Guardian Forbidden Stories - The … [Read more...]
Archives for 2018
How City of London finance is making us poorer – infographic
A new report published today by the Sheffield Political Economy Research Institute at the University of Sheffield reveals the UK’s oversized financial sector has cost the economy £4.5 trillion in lost economic output between 1995 and 2015 – equivalent to £67,500 for every person in the UK. The … [Read more...]
PRESS RELEASE: City of London costs UK £4.5tn in lost economic growth
A new report reveals the UK’s oversized financial sector has cost the economy £4.5 trillion in lost economic output between 1995 and 2015 – equivalent to £67,500 for every person in the UK, or 2.5 years of economic output.1 The report, published today by the Sheffield Political Economy Research … [Read more...]
The Finance Curse and the £4.5 trillion hit to the UK economy
The Finance Curse, a concept first developed by John Christensen and Nicholas Shaxson for TJN, is now the subject of a Long Read article in The Guardian. The article mentions a new study by Andrew Baker of the University of Sheffield, Gerald Epstein of the University of Massachusetts Amherst, and … [Read more...]
Links October 2
Banker’s Arrest Puts Boom Years Under Scrutiny at Swiss Bank Bloomberg ‘Julius Baer is clamping down after a series of run-ins involving Venezuelan oil money, FIFA bribes and arms sales to Russia.’ - read about this bank, and the story of whistleblower Rudolf Elmer, here. State aid: Tax … [Read more...]
Edition 9 of the Tax Justice Network Arabic monthly podcast/radio show, 9# الجباية ببساطة
Welcome to the ninth edition of our new monthly Arabic podcast/radio show Taxes Simply الجباية ببساطة contributing to tax justice public debate around the world. (In Arabic below) Taxes Simply الجباية ببساطة is produced and presented by Walid Ben Rhouma and Osama Diab of the Egyptian Initiative for … [Read more...]
The Tax Justice Network seeks two new board members
The Tax Justice Network board ensures that we have the necessary resources, systems and policies to achieve our objectives, and works closely with the rest of the team to ensure that we have identified the right strategic and tactical priorities and opportunities. The Tax Justice Network is an … [Read more...]
UNCTAD journal highlights tax thought leadership
We're delighted to share a guest blog from Bruno Casella of UNCTAD (the UN Conference on Trade and Development), highlighting the newest edition of their journal Transnational Corporations, which we heartily recommend (and our paper on the history and use of Country-by-Country Reporting will be … [Read more...]
Tax Justice Network responds to UK Shadow Chancellor’s Fair Tax Mark announcement
Responding to UK Labour Party Shadow Chancellor John McDonnell MP’s announcement of an action campaign calling on companies to sign up to the Fair Tax Mark, Alex Cobham, chief executive at the Tax Justice Network, said: “$500 billion is dodged in taxes each year by multinational companies – three … [Read more...]
EU tax haven blacklist blocks just 1% of financial secrecy services threatening EU economies
Tax havens currently blacklisted by the EU are responsible for just 1 per cent of the financial secrecy services facing EU member states, while one-third (34 per cent) is supplied by financial centres from within the EU targeting other member states. New research published today by the Tax Justice … [Read more...]
Lifting the Veil on Capital Flight and Tax Havens in Africa
Cross-posted from Review of the African Political Economy with kind permission from the author, Nataliya Mykhalchenko Odd-Helge Fjeldstad, Sigrid Klæboe Jacobsen, Peter Henriksen Ringstad, Honest Prosper Ngowi Lifting the veil of secrecy: Perspectives on international taxation and capital flight … [Read more...]
Moneyland: plutocracy, contagion and crisis in the Tax Justice Network’s September 2018 podcast
In the September 2018 Tax Justice Network monthly podcast/radio show, the Taxcast: we talk to journalist Oliver Bullough about his new book, just out 'Moneyland: why thieves and crooks now rule the world, and how to take it back' We discuss the transnational elite that have broken free of … [Read more...]
Leaving Jersey – an island cursed by finance
The Tax Justice Network was set up in 2003, after three Jerseyfolk, Pat Lucas, Jean Andersson and Frank Norman, traveled to London to see John Christensen, the island's former economic adviser. Christensen had left the island in 1998, appalled at the corruption and malfeasance he had encountered … [Read more...]
Links September 18
Drug companies cheating countries out of billions in tax revenues Oxfam International The report, ‘Prescription for Poverty,’ analyzes the financial disclosures from Pfizer, Johnson & Johnson, Abbott, and Merck & Co (also known as MSD) between 2013 and 2015 Ireland’s corporate tax rate … [Read more...]
The Spider’s Web film – now available for free online
Michael Oswald's seminal documentary film on Britain and its tax haven empire is available now on YouTube. Released in 2017 to considerable critical acclaim, The Spider's Web has been screened across the world, from USA to New Zealand. It is now available for free download by anyone who wishes … [Read more...]
