"The financial crisis of 2008 has led to a re-evaluation of the role of financial institutions and their relationship with the wider economy and society. There is an increased questioning of both the conduct of business itself and the principles behind commercial and financial activities. Yet … [Read more...]
AllAsia
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 … [Read more...]
Banking Secrecy in China, its related territories and Taiwan
Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, … [Read more...]
Coming soon: Tax Justice Network Japan
Following extensive discussion among scholars, researchers and activists, Japanese civil society has given the greenlight for preparations to be made for the launch of Tax Justice Network Japan. … [Read more...]
A new whiteboard animation from the Tax Justice Coalition Pakistan
The Tax Justice Coalition Pakistan has just published the following video animation detailing how poor and middle income households in that country carry 75 per cent of the tax contribution, and outlining measures required to restore a degree of progressiveness to what is an increaingly unjust tax … [Read more...]
Will Sri Lanka follow the dismal road to tax havenry?
An article in today's edition of Sri Lanka's Mirror newspaper draws attention to that island's plans to develop an offshore financial centre in Colombo. According to the article the proposal is modelled on the Dubai International Financial Centre, a notorious centre for moneylaundering and illicit … [Read more...]
HSBC and the world’s oldest drug cartel
HSBC's core values are under scrutiny. The bank has been implicated in one scandal after another, and the current leadership claims to be wanting to restore the bank's reputation. But what reputation do they aim to restore? … [Read more...]
Tax + transparency fact-finding mission: report from Asian, African, Latin American experts
This newly published report is the outcome of a Tax and Transparency Fact-finding Mission carried out by a delegation of independent experts from Asia, Africa and Latin America in October and November 2013, based on visits to Switzerland, France, Norway, United Nations, The OECD, and the European … [Read more...]
The Offshore Wrapper: A week in Tax Justice
The Offshore Wrapper is written by George Turner "In Formula One, everyone cheats. The trick is not to get caught." … [Read more...]
GFI: $410bn illicit flows in or out of Philippines from 1960-2011
February 4, 2014 Philippine Economy Loses US2.9 Billion in Illicit Financial Outflows from Crime, Corruption, Tax Evasion over 52-Year Period; US7.6 Billion Transferred Illegally into the Philippines Smuggling through Trade Misinvoicing Cost Philippine Taxpayers at Least US$23 Billion in … [Read more...]
Links Jan 22
Swiss banks devise new 'cash' strategies for clients Zee News Swiss Bankers Welcome Formation Of Tax Expert Group Tax-News … [Read more...]
Links Jan 14
"BEPS Action Plan: Update on 2014 Deliverables"- Live Webcast Thursday 23 January OECD Hellenic EU Presidency Outlines Priorities Tax-News "Greece will press for the extension of automatic information exchange procedures as part of its six month European Union (EU) Presidency." … [Read more...]
