About Alex Cobham
Tax haven USA, after #PanamaPapers
“Unless the United States, and other countries, lead by example in closing some of these loopholes and provisions, then in many cases you can trace what’s taking place but you can’t stop it… There’s always going to be illicit movement of funds around the world, but we shouldn’t make it easy.” So said President Obama, responding to the #PanamaPapers. Leadership by
Read the full article…The inexorable approach of public country-by-country reporting
The full publication of multinational companies’ country-by-country reporting took a step closer today. A begrudging step, which as it stands would negate most of the benefits; but an important one nonetheless, because of the direction of travel. A long road travelled A little background. Public CBCR, as proposed by Richard Murphy and John Christensen for TJN way back in 2003, is a tool
Read the full article…Open Data for Tax Justice: Launch! #OD4TJ
Every year countries lose billions of dollars to tax avoidance, tax evasion and more generally to illicit financial flows. According to a recent IMF estimate around $700 billion of tax revenues is lost each year due to profit-shifting. In developing countries the loss is estimated to be around $200 billion, which as a share of GDP represents nearly three times the loss
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