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Links Oct 19
Analysis: Can we beat tax avoiding multinationals? – Finance Uncovered/ Byline How to lose $4billion Global Witness New report, coming ahead of a pivotal meeting of the Extractive Industries Transparency Initiative (EITI). “Credibility test for global transparency standard as $4bn lost to anonymous oil and mining companies.” Mauritius eyes Africa as pressure mounts on offshore business Reuters New Delaware Freeport Offers
Read the full article…Links Oct 16
Tax avoidance by corporations is out of control. The United Nations must step in The Guardian Comment by José Antonio Ocampo and Magdalena Sepúlveda Carmona The Bitter Taste of Tax Avoidance Huffington Post Finance Minister Minister announces tax amnesty for Luxembourg Luxembuger Wort “The budget bill reserves the scheme for Luxembourg tax residents and also allows for people to make
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In Norway, Everyone’s Income Is Public—and So Is Tax Paid The Atlantic Big Data and Tax Haven Secrecy Social Science Research Network “… how tax haven secrecy enables elites in non-democratic countries to transfer their monies for ultimate investment in stable democratic countries.” Via TaxProf Blog. Ireland, Accused of Giving Tax Breaks to Multinationals, Plans an Even Lower Rate The
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Facebook tax bill highlights Osborne’s ‘diverted profits’ levy Financial Times (paywall) Cites TJN’s research director @alexcobham: “it is simply not credible that Facebook is unprofitable in one of its more mature and active markets such as the UK. Examples like this simply serve as a reminder as to why urgent action is needed to improve tax rules and ensure that
Read the full article…Links 12 Oct
Tax avoidance fuels global inequality CNN Opinion piece by Joseph Stiglitz. Tax reforms are small beer when big firms are denying poor countries billions The Guardian See also our recent press release: OECD’s BEPS proposals will not be the end of tax avoidance by multinationals India: Finance Minister Jaitley bats for ‘Automatic Information Exchange’ on Black Money Afternoon Voice TweetShare
Links Oct 8
Why India should defend this whistleblower from the Swiss justice system Scroll.in “Hervé Falciani, who exposed the global offshore industry with the HSBC data leak, is facing prosecution under skewed Swiss laws for data theft and espionage.” See also: Guest blog: how Switzerland corrupted its courts to nail Rudolf Elmer Still slipping the net – Europe’s corporate-tax havens say they are
Read the full article…Links Oct 7
Dirty Money UK BBC Radio 4 More taxes will help fight inequality: economist BusinessTech Piketty “promotes wealth redistribution as key to development”. See also Piketty’s address to the 2015 Nelson Mandela Annual Lecture EU agrees greater transparency on tax deals after LuxLeaks scandal Luxemburger Wort See also: Eurodad press statement on EU Economic and Financial Affairs Council negotiation about cross-border
Read the full article…Links Oct 6
Turkey: AKP should see taxation as a tool for development, not punishment Hurriyet Interview with Leyla Ate?, a member of the BEPS Monitoring Group (BMG) The Rise of Europe’s Unlikeliest Tax Haven Ozy Cites TJN’S Nicholas Shaxson, author of Treasure Islands: Tax Havens and the Men who Stole the World Capital Flight VI. A transfer pricing estimation. The case of
Read the full article…Our Spanish language podcast: Justicia ImPositiva, Edición 2
Our Spanish language podcast: Justicia ImPositiva, Edición 2. En la segunda edición de Justicia ImPositiva nos vamos a México, a ver cómo el gobierno de ese país intenta forzar a las grandes corporaciones a pagar más impuestos. También hablamos con el economista y catedrático de la Universidad de Sevilla, @JuanTorresLopez, sobre el comportamiento irresponsable y criminal de los bancos y
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Why dirty money still plagues Switzerland swissinfo “The problems arise only from the moment the PEP becomes a persona non grata in the eyes of the Swiss government or other international organisations.” Why the German tax authority is protecting Apple Zeit (In German) By TJN’s Markus Meinzer Eurozone heavyweights resume tax offensive on multinational companies Reuters Tax evasion’s bite, from
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Finance ministers call for minimum EU tax rate Politico Australia: Tax office did not go to police over fears wealthy would be kidnapped – inquiry The Guardian See also: Do you want Australia’s megarich to be kidnapped? Do you? Then let them hide their tax First Dog on the Moon via The Guardian, and our blog On the non-perils of
Read the full article…The Tax Justice Network Podcast, September 2015
In the September 2015 Tax Justice Network podcast: The next financial crisis? We look at offshore and the trillion dollar derivatives market. Plus: we discuss how Mexico’s trying to force multinational companies to pay more tax, how recent market madness originating in China shows why we need a Financial Transactions Tax more than ever, and why the recent election by
Read the full article…Links Sep 21
Singapore Urges Need For Tax Competition After BEPS Tax-News But tax competition, or rather tax wars, are harmful, see the Fools’ Gold blog on What is (tax) competitiveness? Hunt for Tax Cheats Leads U.S. Government to Banks in Belize Bloomberg Apple Inc., Amazon See Mounting Tax Investigations In European Union International Business Times Netherlands: Tax office sets up team to
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Bank lobby decries regulation “overload” swissinfo ‘The Swiss Bankers Association has waded into the ongoing anti-tax evasion political debate’ U.S. tax-evasion probe expands to Belize USA Today See also: IRS Hunts Belize Accounts, Issues John Doe Summons To Citibank, Band of America Forbes Canada: Why is a global tax-dodger like Google sponsoring an election debate? iPolitics Cyprus probes “Lagarde list”
Read the full article…Links Sep 16
President Juncker must endorse public scrutiny of multinational tax payments Transparency International European Parliament tax investigation: Lobbyists from non-compliant firms to lose access to EU Parliament Sven Giegold Finland: Minister on board of tax haven firm YLE Minister of Transport and Communications is a board member of a Luxembourg firm ‘set up to help avoid taxes’. Swiss bank La Roche
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