About Nick Shaxson
New “Corporate Tax Explorer” reveals wealth of US tax data
From Citizens for Tax Justice in the U.S. New “Corporate Tax Explorer” Site Details What Fortune 500 Companies Pay in Corporate Taxes A new web tool, the Corporate Tax Explorer, from Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP), is a one-stop shop for all the state and federal data we analyze on corporate
Read the full article…What tax evasion looks like
Published without commentary. TweetShare
Quote of the day: finance, truth and bullsh*t
From SOMO, an article about how financial sector interests have sabotaged European efforts to regulate the shadow banking sector. Our quote of the day, one in an occasional series, is from Belgian Green MEP Philippe Lamberts, who accused other MEPs of ‘delaying tactics’ and said: “I am not a finance person but I know enough to tell truth from bullshit. As a
Read the full article…EU steps up probe into tax haven activities. Hit ’em hard
From the Financial Times: “Brussels has stepped up its probe into alleged illegal sweeteners offered to multinationals by expanding the investigation to cover arrangements for patent-holders and ordering Luxembourg to reveal its promises to specific companies. TweetShare
2014 – the Country by Country Reporting edition
This edition of Tax Justice Focus is guest edited by Richard Murphy, the originator of the idea of country-by-country reporting. A little more than a decade after he first began to develop the concept, Murphy has brought together authors from the Organisation for Economic Co-operation and Development (OECD), from the Confederation of British Industry (CBI), from Global Witness and from the European Network on Debt and Development. Together they present
Read the full article…Party politics pierces City of London for first time in centuries
William Campbell-Taylor, an Anglican priest who featured heavily in the final chapter of Treasure Islands (except in the US edition,) has become the first political party candidate ever to win a seat on the common council of the City of London. That’s a record that stretches back a thousand years, to the emergence of the City of London Corporation (or
Read the full article…Bermuda’s offshore sector tells local dissenters to f*** off
From the excellent Financial Secrecy Media Monitor: “Earlier this year the offshore financial sector in Bermuda launched a campaign called “Everybody’s Business” which aims to “educate Bermudians about the importance of international business to all sectors of the community”, and is sponsored by PriceWaterHouseCoopers and the Bermuda Business Development Agency. (“International business” is a euphemism for offshore finance.)” TweetShare
Revenue mobilisation and tax evasion in Bangladesh
From the Equity and Justice Working Group Bangladesh: “No exclusive research or study (has been) conducted so far in Bangladesh to identify what amount of money has been evaded the MNCs out of the payable taxes.” TweetShare
Quote of the day: Panama
A quote about the tax haven of Panama: “The country is filled with dishonest lawyers, dishonest bankers, dishonest company formation agents and dishonest companies. The Free Trade Zone is the black hole through which Panama has become one of the filthiest money laundering sinks in the world.” – An anonymous U.S. customs official, quoted in Jeffrey Robinson’s book The Sink They deny
Read the full article…The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner End of anonymous companies in the U.S.? The US congress looks like it may follow the European Parliament’s lead and approve legislation limiting anonymous shell companies. A draft law to stop anonymous shell companies has started picking up interest from Senators. The proposal would force the disclosure of beneficial ownership by companies
Read the full article…Treasure Islands – now in Spanish
We are delighted to announce – finally – that Treasure Islands is now available in Spanish. Details here. Please forward to anyone who might be interested. Read praise for Treasure Islands here. Update: A list of all the different editions of Treasure Islands, beyond the original UK edition, is available below. Contract date Publisher Language / Country Jan 2013 Fondo
Read the full article…EU Savings Tax Directive moves forwards
Update: new details about how the EC sees the EUSTD meshing with other initiatives. We recently wrote that there were positive signs that the all-important Amendments to the European Union Savings Tax Directive was likely to be approved, in the face of long-standing intransigence by Luxembourg, Austria (and, outside the EU, Switzerland.) Well, as the Financial Times reported on Friday:
Read the full article…Swiss tax treaty policy thwarts new era of automatic information exchange
We recently wrote about a new double tax agreement (DTA) signed on March 20th with Argentina. This is the latest in a series of worrying DTAs that Switzerland has been signing with countries from the Global South, despite the OECD Global Forum’s explicit criticism of Switzerland for signing only DTAs with other nations. TweetShare
TJN response: the UK Law Commission and investment intermediaries
PRESS RELEASE The UK Law Commission consultation on the fiduciary duties of investment intermediaries: Response from the Tax Justice Network TweetShare
The March 2014 Taxcast: Russia, Ukraine, Londongrad
In the March 2014 Taxcast: Russia, Ukraine, Londongrad and the offshore threat to global security. Also, modern day colonialism? Niger battles France over fairer revenues for its uranium; it’s official – inequality IS bad for economic growth: the IMF becomes an unlikely advocate for tax justice. And the European Parliament moves against anonymous ownership of companies by voting for public
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