About Mark Bou Mansour
“Our tax systems are programmed to fail”: Tax Justice Network comment on FACTI report on global tax abuse
The FACTI panel, a panel of former heads of state and government, past central bank governors, business and civil society leaders and prominent academics, has published an interim report this morning on tax abuse, money laundering and corruption plaguing global finance. The High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel), established by
Read the full article…Scotland joins wave of countries blocking tax haven-tied corporations from receiving Covid-19 bailouts; Tax Justice Network responds
Green Party country by country reporting amendment adds urgency to global calls for the tax transparency measure The Scottish Government has backed a Green Party amendment to exclude corporations registered in tax havens, or with subsidiaries or other arrangements in tax havens from receiving Covid19 bailouts. To date, Wales, France, Belgium, Denmark, Poland and Argentina have all announced similar measures.
Read the full article…Bail, or bailout? Tax experts publish 5-step test for Covid19 business bailouts
A Portuguese translation of this article is available here. A Spanish translation is available here (external website). Following bans from Denmark, Poland and Argentina on companies registered in tax havens from receiving Covid19 bailouts[1], the Tax Justice Network has published a “bail or bailout” test to clarify uncertainty on how governments can determine which companies are discreetly using tax havens
Read the full article…Slander and failed advertising campaigns: how tax haven officials responded to the Financial Secrecy Index 2020
This year’s edition of the Financial Secrecy Index 2020 – our biennial ranking of the world’s biggest supplies of financial secrecy – has received more news coverage and global support than any previous editions of the index. With over 700 news articles and broadcast pieces published on the index in the past two weeks across 80 countries, it is clear
Read the full article…The Financial Secrecy Index reached a record-breaking number of people this year
Image credit: © 2011 Jens Schott Knudsen Launched two weeks ago, the 2020 edition of our Financial Secrecy Index has broken every record we track on the index’s reach and media impact. First published in 2009, the global coverage of this year’s edition of the index reflects a growing urgency shared by people around the world to expose and reign
Read the full article…Making our conference virtual saved a year’s worth of 60 households’ energy emissions
Last week, the Tax Justice Network held its first virtual conference, bringing together over 150 people from around the world, from Portland to Sydney. Offices, living rooms and libraries on different continents were connected into one virtual space where speakers from the OECD, G24, IMF, World Bank and ICRICT discussed leading proposals to reform the international tax system. Immediately after
Read the full article…Businesses, campaigners back global tax standard to tackle $500bn corporate tax abuse epidemic
The Global Reporting Initiative has today launched a new tax transparency reporting standard expected to prevent billions in tax from being smuggled into corporate tax havens. Developed in consultation with businesses, investors, civil society groups, labour organisations, accounting firms and tax experts, the new standard ushers in robust public country by country reporting measures that countries and international bodies have
Read the full article…Unitary tax explained: infographic
The Labour party in the UK has today committed to introducing unitary taxation by the end of the next parliamentary term. This is significant internationally because it marks the first such manifesto commitment from a major political party, with a realistic prospect of election success, in a major OECD member country. Coupled with the leadership of the G24 group of developing
Read the full article…‘How to tackle tax abuse’ course – Register now
We’re delighted to announce that registration is now open for the “How to tackle tax abuse” course at the Copenhagen Business School. The course is run as part of the COFFERS project (Combating Financial Fraud and Empowering Regulators). The programme runs from 11-13 September 2019. It features many of the leading international tax researchers who participate in COFFERS, and is designed to provide
Read the full article…Tax justice goes mainstream: successes in 2018
The year 2018 was a year of social movements. From women’s rights to climate crisis, 2018 saw urgent issues break into the mainstream and garner great social momentum. Among these waves of social change, tax justice issues similarly broke new grounds into the mainstream. Check out our infographic below on tax justice successes in 2018. For more information, download our
Read the full article…Mauritius Leaks: Global tax system is corroded beyond use – Tax Justice Network response
Commenting on the Mauritius Leaks, Chief Executive at the Tax Justice Network Alex Cobham said: “The revelations coming out of Mauritius are yet more proof of the fact that the international rules we have for taxing multinational corporations and wealthy individuals have been corroded beyond use. Mauritius is the 14th most corrosive corporate tax haven in the world, as ranked
Read the full article…The Anderson-Lucas-Norman award 2019 awarded to Ms Eva Joly
The Tax Justice Network is honoured to present the Anderson-Lucas-Norman award for tax justice heroism to Ms Eva Joly MEP. Ms Eva Joly MEP is an investigative magistrate and a European Parliament member with an extraordinary track record in fighting corrupt activities and financial crime at the highest echelons of business and politics. Most notably, Ms Joly investigated the financial
Read the full article…Response to Crown Dependencies’ beneficial ownership plans: “The opposite of leadership”
Guernsey, Jersey and the Isle of Man have today announced a series of steps regarding each jurisdiction’s central register of beneficial ownership information of companies. Responding to the announcement, John Christensen, Director at the Tax Justice Network, said: “This is the opposite of leadership. It took the allied powers six months to plan and successfully carry out the D-Day landings.
Read the full article…New ranking reveals corporate tax havens behind breakdown of global corporate tax system; toll of UK’s tax war exposed
Researchers call for new tax rules to “tax corporations where employees work, not where ledgers hide” Decades of tax wars among the world’s richest countries are unravelling the century-old global corporate tax system, new research finds. Forty per cent of today’s cross-border direct investments reported by the IMF – $18 trillion in value – are being booked in just 10
Read the full article…BAT shifts nearly $1bn out of developing countries into one UK office
For every dollar British American Tobacco (BAT) paid in tax in the countries it operates in, the giant multinational shifted more than half a dollar that would have been taxed locally to a UK subsidiary where BAT paid almost no tax.1 New analysis by the Tax Justice Network estimates Bangladesh, Indonesia, Kenya, Guyana, Brazil and Trinidad and Tobago together stand
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