About Tax Justice Network
Systemic Corruption and the Oligarchic Threat to National Security
When the social wealth that is collectively created is consistently and increasingly accumulated by a small minority against the material interests of the majority, then it means that the rules of the game and how they are being used and abused are benefiting the powerful few instead of the many
OECD’s “tax haven lite” blueprint fails pandemic-gripped world
Blueprints published by the OECD today1 on how it plans to tackle tax havens do not come close to the reforms needed, the Tax Justice Network has warned. An estimated $500 billion in corporate tax is lost to tax havens every year under current international rules, and the costs of the worldwide COVID-19 pandemic make recapturing these an urgent priority.
Read the full article…How Denmark is verifying beneficial ownership information
Guest blog by Jesper Bertelsen, Danish Business Authority The concept of a well-functioning beneficial owner register sounds achievable and easy, at a first glance. Simply put, legal entities check who their beneficial owners are, and enter this information into a system, in turn making it publicly available (at least for countries with public registers). For the vast majority of legal
Read the full article…Polling shows near total public support for measures to end corporate tax haven use
Global labour group joins call for policymakers to require public country by country reporting from multinational companies Striking new polling data from seven leading countries shows overwhelming public support for policymakers to crack down on companies using tax havens. The polling, conducted in the USA, France, Germany, Italy, Poland, the Netherlands and the UK, shows unmatched levels of support ranging
Read the full article…India: an economy under siege from IFFs?
Blog by Neeti Biyani, Centre for Budget and Governance Accountability, New Delhi Geopolitically, India is one of the most significant countries on the planet, with a GDP of almost $3 trillion and the fifth largest economy in the world. It is surprising, then, that the tiny island nation of Mauritius – with a GDP of approximately US $14 billion and
Read the full article…Donor countries’ tax funding for civil society barely half what is claimed
Guest blog: Richard Christel, Program Associate at Transparency and Accountability Initiative Recently, Transparency and Accountability Initiative was asked to prepare a presentation for a Tax Justice Network organised convening bringing together civil society, private foundation, and public aid agency participants. The focus of the presentation was on civil society funding for domestic resource mobilisation (DRM) efforts. Our research confirmed the
Read the full article…Multinationals, private equity and hedge funds dodge billions in capital gains tax using a very simple trick
Guest blog: Nick Mathiason, founder and co-director of Finance Uncovered The global economic crisis sparked by Covid-19 means governments urgently need additional revenue as emergency stimulus packages taper. Capital gains tax – a tax on the profit from the sale of assets such as oil blocks and telecom licences – should be a reliable pot of revenue for countries, particularly
Read the full article…Tax Justice Network’s offshore wealth estimates have just been validated by the OECD
As we announced last week, the OECD has published data showing that financial accounts holding more than ten trillion euros are now the subject of multilateral, automatic information exchange – a longstanding tax justice goal that the OECD had long resisted. Now James Henry – a senior adviser to Tax Justice Network, former chief economist for McKinsey and author of
Read the full article…Hypocrisy of “frugal” Netherlands lambasted by tax haven watchdog
New analysis shows simple tax transparency measure could raise $20bn across the EU annually – and set the course to end European tax havenry With the European Union set to resume troubled negotiations over a recovery fund that could provide the necessary support for countries hit hardest by the pandemic, the Tax Justice Network has called out the hypocrisy of
Read the full article…Watershed data indicates more than a trillion dollars of corporate profit smuggled into tax havens
This blog is also available in French and German. UK, Switzerland, Luxembourg and the Netherlands – the “axis of tax avoidance” – are responsible for 72 per cent of global tax losses Analysis of new OECD data published yesterday, on the basis of a reporting standard developed by the Tax Justice Network, has tracked for the first time $467 billion
Read the full article…Pandemic of tax injustice in Ukraine
The Ukrainian government took the pandemic as an opportunity to further shift the tax burden from the rich to the poor, while Tax Justice Network’s new illicit financial flows tool confirms the country is vulnerable to profits shifting to tax havens and bank deposits outflows. Guest blog from the Center for Economic Justice, a new TJN affiliate in Ukraine. The
Read the full article…Exploring UK companies’ legal ownership chains to detect red flags and verify beneficial ownership information: Part 1
By Andres Knobel and Oliver Seabarron The Tax Justice Network in cooperation with the CORPNET group at the University of Amsterdam (@UvACORPNET) and the Data Analytics and Society Centre for Doctoral Training at the University of Sheffield (@DataCDT) has mined and applied advanced analytics to Orbis data to identify patterns and red-flags on the ownership chains of UK companies. Findings
Read the full article…The state of play of beneficial ownership registration in 2020
By Andres Knobel and Moran Harari of the Tax Justice Network. A new report on the state of play of ownership registration of companies, partnerships, trusts and private foundations was published today by the Tax Justice Network. Based predominantly on the results of the latest edition of the Financial Secrecy Index published in February 2020, the report updates the “State of play of beneficial ownership registration” report published in
Read the full article…State aid and tax avoidance – the case of Lufthansa
This is a guest blog by Steffen Redeke and Christoph Trautvetter (Netzwerk Steuergerechtigkeit, Germany) First, here’s a useful European Airline bailout tracker (which reflects the most up to date public information available at the time it was published on May 8, 2020). Thanks to the Global Anti-Aerotropolis Movement for highlighting it to us. As pointed out here by Transport and
Read the full article…Tax Justice Italia is launched
By Tommaso Faccio, co-founder of Tax Justice Italia With the support of, and in partnership with the Tax Justice Network, Tax Justice Italia was launched today with the aim of adding a credible voice for tax justice in Italy. Tax Justice Italia will work to change the debate around taxation in Italy, counter the prevailing narrative that taxes need to
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