For some years now, countries have been sharing information about bank accounts held by each others’ residents, implementing “automatic exchange of bank account information” under the OECD’s Common Reporting Standard (CRS). (This is what we called for many years ago, and were scorned at the time for … [Read more...]
Archives for 2020
Tax Justice Network Spanish language monthly podcast: Nuevo orden internacional y Coronavirus
Welcome to this month’s podcast and radio programme in Spanish with Marcelo Justo and Marta Nuñez, free to download and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónico! (Ahora también estamos en iTunes y … [Read more...]
Judge ruling: “You are no Mother Teresa and no one goes to Cayman for philanthropic reasons”
Indian court case sees through the sham of discretionary trusts In a recent ruling from India, a court found that taxpayer Renu Thikamdas Tharani had to pay taxes on several million dollars’ worth held in a bank account in Switzerland. Tharani claimed not to own the account, but to merely be a … [Read more...]
Developing countries, take note: how much money do your residents hold in Australia, the most transparent country on bank account information
Australia has become the first country to publish statistics on automatic exchange of information for all jurisdictions, especially those that cannot join the automatic exchange system. Here’s what they reveal and why it has more potential than statistics published by the Bank for International … [Read more...]
Online conference call for papers: Imperial Inequalities: States, Empires, Taxation
03 and 04 December 12:00 – 17:30 GMT (tbc) Co-organised with Gurminder K Bhambra, University of Sussex and Julia McClure, University of Glasgow An analysis of inequality stemming from Imperialism and an exploration of reparation pathways Colonial histories remind us, time and again, that … [Read more...]
India: an economy under siege from IFFs?
Blog by Neeti Biyani, Centre for Budget and Governance Accountability, New Delhi Geopolitically, India is one of the most significant countries on the planet, with a GDP of almost $3 trillion and the fifth largest economy in the world. It is surprising, then, that the tiny island nation of … [Read more...]
Donor countries’ tax funding for civil society barely half what is claimed
Guest blog: Richard Christel, Program Associate at Transparency and Accountability Initiative Recently, Transparency and Accountability Initiative was asked to prepare a presentation for a Tax Justice Network organised convening bringing together civil society, private foundation, and public aid … [Read more...]
Edition 31 of the Tax Justice Network Arabic monthly podcast #31 الجباية ببساطة
Welcome to the 31st edition of our monthly Arabic podcast/radio show Taxes Simply الجباية ببساطة contributing to tax justice public debate around the world. Taxes Simply الجباية ببساطة is produced and presented by Walid Ben Rhouma and Osama Diab of the Egyptian Initiative for Personal Rights, also … [Read more...]
The role of banks and digitalised beneficial ownership registries: way more than just reporting discrepancies
On 14 July the Tax Justice Network co-hosted the fourth call of the multi-stakeholder group to promote beneficial ownership verification. We took the opportunity to present updates on progress of the pilot in one African country and to hear more presentations on how to verify information (our last … [Read more...]
The Tax Justice Network’s Francophone podcast: Propriété réelle en Afrique, L’OCDE qui bouge, l’Affaire Dan Gertler en RDC édition 18
Pour cette 18ème édition de votre podcast « Impôts et Justice Sociale, nous revenons sur plusieurs actualités qui ont animé la justice fiscale et sociale dans le monde. Le programme débute sur la publication mi-juin 2020 d’un rapport concernant la transparence sur la propriété réelle en Afrique. … [Read more...]
Tax Justice Network Portuguese podcast #15: Instrumentos para financiar a superação da coronacrise
Diante de uma sinfonia de crises intensificada com a pandemia do novo coronavírus, o É da sua conta #15 segue a partitura das edições anteriores e apresenta mais instrumentos que, se bem afinados, podem ajudar países a financiar uma recuperação econômica. Falamos de emissão monetária e de … [Read more...]
UN FACTI Panel envisages major global reforms
The UN high-level panel on Financial Accountability, Transparency and Integrity (FACTI) is moving fast. Following its launch earlier this year, the Panel has consulted widely with member states, civil society and experts from all areas of its broad mandate, the global architecture within which … [Read more...]
Systemic racism and tax justice: the Tax Justice Network podcast, July 2020
In this episode of the Tax Justice Network’s monthly podcast, the Taxcast we bring you part 2 on how tax justice can help address systemic racism in the US: Author Shawn Rochester, (The Black Tax: the cost of being Black in America) does some number crunching on the historic denial of equality … [Read more...]
Multinationals, private equity and hedge funds dodge billions in capital gains tax using a very simple trick
Guest blog: Nick Mathiason, founder and co-director of Finance Uncovered The global economic crisis sparked by Covid-19 means governments urgently need additional revenue as emergency stimulus packages taper. Capital gains tax – a tax on the profit from the sale of assets such as oil blocks … [Read more...]
Beneficial ownership definitions: determining “control” unrelated to ownership
Most beneficial ownership definitions are based on ownership thresholds or voting rights. But there are ways to control a company without holding any shares. This brief explores some of these gaps and proposes ways for authorities to address them. This brief is also available to download as a … [Read more...]
