About Mark Bou Mansour
Addressing the tax challenges of the digitalisation of the economy: our submission to OECD consultation
Joy Ndubai, Global Tax Advisor at ActionAid Denmark today presented at the OECD in Paris on behalf of Tax Justice Network (among others) – you can watch her contribution (starting from 32:22 to 38:02) and the full discussion here or we have a clip of her speaking just below. Her full slides are available here. The text below is the full submission
Read the full article…IMF support for radical overhaul of international tax rules welcomed by Tax Justice Network
The OECD has opened up a comprehensive review of international tax rules, and the International Monetary Fund paper, signed off by their board and published today, represents an important intervention. Tax Justice Network chief executive Alex Cobham said: “The arm’s length approach has let multinational corporations get away with profit shifting to the tune of $500 billion in dodged tax
Read the full article…One in nine US multinationals fail to comply with tax transparency law
Analysis of more than 600 US multinational corporations has revealed that 12 per cent failed to comply with UK law requiring them to publish their tax strategies. With the UK estimated to lose £25 billion in corporate tax revenue each year due to multinational corporations shifting profits out of the country1, campaigners are calling on the UK government to enforce
Read the full article…Ineffective tax incentives on profits heavily used by African nations compared to European nations, study finds
Despite growing evidence on the ineffectiveness of profit based tax incentives, African nations on average offer three profit based tax incentives for every one cost based tax incentive whereas European nations on average offer a near one to one ratio of tax incentive types, the Tax Justice Network finds. A new pilot study by the Tax Justice Network has produced
Read the full article…Landmark moments for tax justice from 2018 worth celebrating
From conference fringe talks to top of global agendas, tax justice issues have come along way since the turn of the millennium. Progress made in recent years, including the milestones reached in 2017, was held and built upon in 2018, cementing tax justice as more than just a fad –it’s a wholesale shift taking place across the world in how
Read the full article…GRI invites feedback on its first global tax transparency standard
A new draft Standard on tax and payments to governments was published today by the GRI, the global standard setter for sustainability reporting. This is the first global standard designed to help organisations understand and communicate the impact of their tax strategies on the economies and societies they operate in using country by country reporting techniques. The GRI, whose Sustainability
Read the full article…The Spider’s Web documentary viewed over one million times on YouTube
Since it was uploaded to YouTube just ten weeks ago, Michael Oswald’s seminal documentary film on Britain and its tax haven empire has gained over 1,000,000 views. “The Spider’s Web: Britain’s Second Empire” documents how British elites created a network of tax havens after World War II and the lengths they take today to preserve it – exemplified in a chilling scene
Read the full article…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 report finds that the UK economy would likely have performed much better in
Read the full article…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 Institute at the University of Sheffield, reveals that the UK economy
Read the full article…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 times more than annual government spending on healthcare. When companies duck
Read the full article…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 Network reveals that the EU’s blacklist has failed to include any
Read the full article…Why is Amazon still paying little tax in the UK?
Guest blog, Sol Picciotto Even the Daily Mail has been outraged by how little tax Amazon is paying in the UK. But none of the comments so far, even by tax experts wheeled out by the media, have pointed to the central reason. It’s clear that the profits attributed to the UK are low compared to Amazon’s global net income of
Read the full article…A watershed year for tax justice and the road ahead
The Tax Justice Network has published its annual report and accounts for 2017, along with an infographic highlighting our achievements from the year. The year was a watershed moment for tax justice. Elements of three of the Tax Justice Network’s long-time recommendations, which detractors argued could not be achieved, became a reality, making it much harder for multinationals and unscrupulous
Read the full article…Tax Justice Network’s Annual Conference 2018: livestream and schedule
The Tax Justice Network’s annual conference is taking place this Wednesday 13 June to Thursday 14 June in Lima, Peru. The conference, jointly hosted with FES and Latindadd, brings together campaigners, researchers, policy makers and tax experts from across the world to share the inspiring and vital work they are doing on tax justice. Talks will cover a wide range
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