The U.K. post-general election: strong, stable and still kind to criminals
The British Prime Minister Theresa May has called a snap general election. We’d like to share with you the thoughts of Dr Mary Alice Young (Bristol Law School, University of the West of England) and Dr Michael Woodiwiss (Arts and Cultural Industries, University of the West of England) on the implications for the UK’s secrecy jurisdictions or satellite havens and
Read the full article…Estimates on illicit flows to and from developing countries
Our friends at Global Financial Integrity have released their latest report on what they estimate to be the latest figures from 150 countries on illicit financial flows to and from developing countries for the period 2005-2014. Most of these flows arise from fraudulent trade mis-invoicing which, as they point out, adversely affects the lives of real people: “The massive flows
Read the full article…The Independent Commission for the Reform of International Corporate Taxation is hiring
The Independent Commission for the Reform of International Corporate Taxation is hiring. As part of the coalition that initiated ICRICT, we’re sharing the details with you below. Please see the job description below for full details and if you want to apply, please send your CV and a covering letter to: alex@taxjustice.net by the closing date of 21 May 2017. Please
Read the full article…Do you want to know how much tax multinational companies pay?
Yes, so would we… And now there’s an action today on twitter which we can all take to help this become reality. All EU banks have been obliged to report their profits and tax paid on a country by country basis since 2015. And not just to tax authorities behind closed doors, but publicly. Because of that we now know
Read the full article…Why taxation STILL isn’t theft…
It came to our attention recently that a blog written for us by Associate Professor of Philosophy at Central European University Philip Goff prompted extensive discussion. The blog was called No, it’s not your money: why taxation isn’t theft. This concept that taxes paid by individuals and companies, used by government for the provision of public services are somehow ‘theft’
Read the full article…UK Parliament fails to tackle financial secrecy in its overseas territories
So near and yet so far… Hopes were riding high yesterday that UK parliamentarians might seize the opportunity to take historic action to end decades of financial secrecy in the UK’s Overseas Territories. We blogged about this yesterday highlighting the fact that a lot of ongoing Parliamentary business was at risk of being shelved because of the sudden general election called
Read the full article…Vietnam legislates on country by country reporting
There’s a good development in Vietnam we’d like to share with you via Policy Advisor Economic Inequality and Tax Justice Francis Weyzig of Oxfam Novib. He says, “Vietnam has introduced a legal requirement for domestic subsidiaries to provide a copy of the global Country By Country report directly to the Vietnamese tax authority. This way, Vietnam does not have to
Read the full article…The Panama Papers, 1 year on: our April 2017 Tax Justice Network Podcast
In our April 2017 Taxcast: the Panama Papers, one year on – we talk to the journalists who got the scoop. Plus: we discuss the raid on Credit Suisse, and new data exposing the profit shifting shennanigans of the EU’s biggest banks. Featuring: The Panama Papers scoop journalists and Pulitzer Prize winners Bastian Obermayer and Frederik Obermaier of the Süddeutsche Zeitung
Read the full article…Our April 2017 Spanish Podcast: Justicia ImPositiva, nuestro podcast de abril 2017
Welcome to our monthly podcast and radio programme in Spanish, Justicia ImPositiva with Marcelo Justo and Marta Nuñez, downloaded and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónica! (abajo en castellano). Our monthly podcast in English, the Taxcast will be out soon, talking to the journalists who got the Panama
Read the full article…Beneficial Ownership: a Tax Justice Network checklist
We’re pleased to say that the world is moving towards the registration of beneficial owners (BOs) who are the natural persons who ultimately own, control or benefit from legal persons (e.g. companies) and legal arrangements (e.g. trusts). If made public, these registries would increase financial transparency. Public registers of BOs are the only way to prevent criminals from hiding behind
Read the full article…Australian beer drinker tax vs the world’s biggest gas companies
Is it fair that Australians pay more tax on one beer than the oil and gas industry pays in petroleum tax on offshore gas in a year? Might a 10% royalty guaranteeing annual revenue of between $1.3 billion and $2.8 billion be a better way to go? These are the issues rightly raised by a report just out by the McKell
Read the full article…Tax haven blacklisting in Latin America
As governments (slowly) get to grips with the fact that tax havens are inflicting great harm on economies and democracies across the globe, facilitating mega amounts of tax dodging, and vast movements of criminal money by way of the secrecy services some of them offer, the question of our times is how we deal with them. Attempts to create tax
Read the full article…Our March 2017 podcast: staggering numbers on the high cost of our finance sectors, plus more
In our March 2017 Taxcast: the high price we’re paying for our finance sectors – we look at staggering statistics showing how the US finance sector is a net drag on their economy. Also, as the British government initiates Brexit divorce negotiations to leave the EU, we discuss something they ought to know, but obviously don’t – they’re actually in
Read the full article…Our March 2017 Spanish language Podcast: Justicia ImPositiva, nuestro podcast de marzo 2017
Welcome to this month’s podcast and radio programme in Spanish with Marcelo Justo and Marta Nuñez, downloaded and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónica! (abajo en castellano). In this month’s programme: The Odebrecht corruption scandal and how tax havens are key to corruption. The tax haven referendum in
Read the full article…#LuxLeaks appeal verdict: tax justice heroes convicted again
The #LuxLeaks whistleblowers appeal verdict is in and once again it demonstrates what an upside down world we’re living in, when whistleblowers on the frontline of tax justice find themselves convicted for a second time for exposing information that was so clearly in the public interest. Disclosure of such information can be decisive for driving political change, and this is
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