About George Turner
West Africa Leaks project exposes new offshore scandals
In a new investigation published today, the International Consortium of Investigative Journalists has teamed up with 13 journalists to trawl though the Panama Papers and Paradise Papers to find untold stories of wealth extraction in West Africa. The outcome is being promoted under the hashtag #westafricaleaks. Journalists working with the ICIJ have uncovered an impressive number of stories, ranging from
Read the full article…M5S – Lega Nord tax plans would be a disaster for Italy
The leader of Italy’s far right Lega Nord has described the potential coalition with the populist five star movement (M5S) as a ‘bomb’ for Italy’s political establishment. It certainly will be a bomb for tax justice, Italy’s public services and economic and social equality in Italy. Two of the main economic policies being proposed by the two sides of this
Read the full article…New report: The Global Battle for Corporate Transparency
On 25 May 2018, the European Council will meet in Brussels and will likely consider new rules on corporate transparency, the introduction of public country by country reporting. The meeting will take place 40 years to the day since the OECD sabotaged attempts to introduce similar transparency measures via the United Nations. The long and arduous road towards country by
Read the full article…Questions raised over offshore dealings of Serbian PM’s former company.
The Croatian political magazine, Nacional, is running a story which implicates the International Finance Corporation in a deal involving offshore companies and more than a hint of a conflict of interest in Serbia. One of the main protagonists in the deal is the Serbian Prime Minister, Ana Brnabic. As with most offshore stories, the long and complicated twists and turns
Read the full article…Taxing water and infrastructure in the UK
Michael Gove, the UK’s Environment Secretary had some harsh words for the water industry recently. “They have shielded themselves from scrutiny, hidden behind complex financial structures, avoided paying taxes, have rewarded the already well-off, kept charges higher than they needed to be.” The bit he missed from his speech was, “and the government I am a part of has encouraged
Read the full article…Switzerland, USA and Cayman top the 2018 Financial Secrecy Index
Switzerland, the United States and the Cayman Islands are the world’s biggest contributors to financial secrecy, according to the latest edition of the Tax Justice Network’s Financial Secrecy Index. The full financial secrecy index can be found online at www.financialsecrecyindex.com TweetShare
Walmart faces allegations of tax evasion in Guatemala
Here at the Tax Justice Network news has reached us about an interesting case in Guatemala involving Desarrolladora Internacional DCI, a Walmart subsidiary. According to prosecutors, employees working at the Walmart subsidiary, DCI and at another Walmart company, Operadora de Tiendas, set up a network of fake companies to issue invoices for agricultural products bought on the informal market. Low
Read the full article…We’re Hiring! Finance and Operations Administrator
This is a new post, created to support TJN’s ongoing institutional strengthening by working with TJN’s new Head of Operations to build, manage and run a set of key systems and processes covering a range of organisational capabilities, with a focus on grants management, finance and operations. The post will also provide a limited amount of administrative support to TJN’s
Read the full article…The EU Tax Haven Blacklist – a toothless whitewash
Continuing our coverage of the EU Tax Haven Blacklist, we are reposting this article which first appeared in Public Finance International. The original can be found here: http://www.publicfinanceinternational.org/opinion/2017/12/eu-tax-blacklist-whitewash TweetShare
Day 2 #paradisepapers revelations – Global corporations need global taxation
In response to the latest Paradise Papers revelations, which have seen large multinational companies exposed milking profits offshore, the Tax Justice Network is calling on countries around the world to start to tax the global profits of multinational corporations. TweetShare
Are the activities uncovered in the Paradise Papers ‘legal’ – a plea to journalists
As the revelations from the Paradise Papers hit the news stands many journalists are asserting as fact that nothing illegal has taken place. The BBC in the UK are the most aggressive proponents of this line, but the issue has been raised in other countries too. On several interviews I have done today I have been told by the interviewer
Read the full article…PRESS RELEASE: TJN Responds to the #ParadisePapers
The International Consortium of Investigative Journalists have released their latest leak of data from the offshore world. The ‘Paradise Papers’ are a leak of over 14m documents from the offshore law firm Appleby. So far leading politicians and even Queen Elizabeth have been revealed to be involved in the offshore world with more revelations scheduled to be published over the
Read the full article…The Offshore Wrapper – Sunday 15 October
Welcome to the Offshore Wrapper, a weekly roundup of news from the world of tax and tax havens. If you want to receive the wrapper in your inbox every week, you can subscribe here. TweetShare
The Offshore Wrapper – 8 October
Welcome to the Offshore Wrapper, a weekly roundup of news from the world of tax and tax havens. If you want to receive the wrapper in your inbox every week, you can subscribe here. TweetShare
Interest deductions and tax avoidance – will BEPS solve the problem?
New rules to prevent corporations using debt and interest payments to lower their taxbills have been one of the outcomes of the OECD BEPS programme. However, how effective are these rules? And is the new debt cap proposed by the OECD likely to have any impact at all? Earnings stripping and interest payments Corporation tax is a tax on profits.
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