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Tax transparency after #SwissLeaks
Cross-posted from Uncounted: Alex Cobham Yesterday I suggested some specific transparency measures to rebuild trust in light of #SwissLeaks. Today my colleagues at TJN pointed out that they are way ahead of me: here’s how. TweetShare
#SwissLeaks – Tax transparency for accountability
Cross-posted from Uncounted: Alex Cobham Much of the #SwissLeaks data has been in the hands of tax authorities for 5 years. Many of the questions raised relate to individuals and to particular regulators and governments – but there’s also a broader question that goes to the type of solutions that will address the broader loss of trust in tax authorities’ effectiveness
Read the full article…Links Feb 4
Multinationals channel more money through “hubs” in Singapore, Switzerland than ever before, Australian Taxation Office says The Sydney Morning Herald Boost for Juncker as possible probe by MEPs into LuxLeaks scandal now in the balance The Bureau of Investigative Journalism See also earlier blog Luxembourg Leaks: EU Parliament Inquiry Committee a matter of political will Belgium’s big business tax breaks
Read the full article…Links Feb 2
Obama planning to tax US firms’ foreign profits in blow to Ireland Irish Independent See also: It’s time to smell the coffee and start cooperating on international tax Tax Research UK Companies debate merits of ‘fair tax’ kitemark Financial Times (paywall) “For the UK’s second-largest energy supplier, tax is not just a cost; it has also become a marketing tool.”
Read the full article…Mbeki Report On Financial Crime Will Shift Global Tax Debate, Says Christian Aid
UPDATE: The report of the High Level Panel on Illicit Financil Flows chaired by President Mbeki was adopted by the African Union Summit meeting on 31st January 2015. This represents a major milestone for the global tax justice movement. Campaigners throughout Africa can now push their governments to implement the many measures identified by the report. Similarly, campaigners in non-AU
Read the full article…Links Jan 30
Civil Society Response to the Financing for Development Elements Paper Eurodad Press release: Standard Chartered publicised tax avoidance strategy for use in some of the world’s poorest countries ActionAid Le Prix A Payer is France Inter’s “Les Choix de Inter” [pick of the week] African CSOs Demand Immediate Implementation Of Mbeki Panel Report On Financial Flows Leadership TweetShare
Links Jan 29
Global Tax Transparency Rising in 2015 As FATCA, OECD Initiatives Gain Momentum Bloomberg BNA Luxembourg investigation: EU parliament suggests LuxLeaks inquiry committee setup Luxemburger Wort Vatican foiled over bid to hide Swiss bank data The Local Japan unveils plans to impose ‘exit tax’ on wealthy emigrants STEP TweetShare
Links Jan 28
Poverty in the Cayman Islands Tax Research UK See also: The Finance Curse U.S.: Congress Should Pass the Stop Tax Haven Abuse Act to Combat International Tax Avoidance Citizens for Tax Justice Puerto Rico Expands Tax Haven Deal For Americans To Its Own Emigrants Forbes Consider also: Tax Wars. How can Africa stem financial haemorrhage? Zambia Daily Mail TweetShare
Links Jan 27
The Economic Effects of Financial Derivatives on Corporate Tax Avoidance Social Science Research Network How Property Tax Would Benefit Africa Africa Research Institute ‘Even It Up’ campaign against global inequality steps up a gear Ekklesia Why is Oxfam calling for a World Tax Summit? Oxfam International TweetShare
Links – Jan 26
Luxembourg Charges Second Ex-PwC Employee Over Tax Leaks Bloomberg See also recent blogs Will Antoine Deltour become a prisoner of conscience? and Tax haven whistleblowers: where are the human rights organisations? Davos is starting to get it – inequality is the root cause of stagnation The Guardian Zambia’s new president says to keep mineral tax despite mine closure fears Reuters
Read the full article…Offshore vs Football in the January 2015 Tax Justice Network podcast
In the January 2015 Taxcast: how offshore is ruining the ‘Beautiful Game’: the Taxcast scrutinises football’s own goal. Also: how banks with criminal convictions are being allowed to continue to handle our money, how people may be allowed to apply for anonymity in the UK’s new register of beneficial owners of companies to be introduced in 2016, and the meeting
Read the full article…Links Jan 23
G20: what was achieved in 2014? Eurodad Where next for the EC tax probe? economia Green Party leader Eamon Ryan criticises Fine Gael for not backing Lux Leaks tax inquiry The Irish Times UBS France: again, the whistleblower faces her former employer Le Temps (In French) UBS whistleblower Stéphanie Gibaud faces the bank in court, seeks compensation for her ordeal
Read the full article…Links Jan 22
How Country By Country Reporting Could Have Made LuxLeaks Unnecessary Financial Transparency Coalition / Transparency International Are anonymous companies a ‘getaway vehicle for corruption’? The Guardian European Commission explains how Amazon made $4.5 billion in ‘stateless’ profits Financial Review TweetShare
Links Jan 21
The Business Case for Ending Anonymous Companies: a Collective Effort The B Team Transparency: Cracking the shells – New rules in the European Union take aim at corporate secrecy The Economist Kenya’s capital gains tax stirs uproar CNBC Africa TweetShare
Links Jan 20
BEPS Action 14: Make Dispute Resolution Mechanisms More Effective BEPS Monitoring Group Review of Islands at the Bush Theatre London Londontheatre1.com Corporate Tax Behavior Can Be Changed By Public Pressure [Study] ValueWalk Richest Russians Repatriate Assets as Putin Turns Tax Screw Bloomberg TweetShare
