We've been emailed a paper entitled Public Pressure and Corporate Tax Behavior, Scott D. Dyreng of the Fuqua School of Business Duke University; Jeffrey L. Hoopes of Fisher College of Business Ohio State University; and Jaron H. Wilde, of Tippie College of Business University of Iowa. The … [Read more...]
Blog
Links Sep 1
Australia: Project Wickenby identifies b in tax liabilities Australian Financial Review For background on Project Wickenby, Australia’s biggest tax sting, see here and here. Big banks stall on global tax evasion crackdown Australian Financial Review New Zealand Companies Office’s $612Mn … [Read more...]
Feast of the Wingnuts: on the origins of the Laffer Curve
From the U.S. publication The New Republic, a timeless article entitled Feast of the Wingnuts: "All sects have their founding myths, many of them involving circumstances quite mundane. The cult in question generally traces its political origins to a meeting in Washington in late 1974 between Arthur … [Read more...]
Video: how London fuels corruption
Anthea Lawson of Global Witness, speaking at TEDx in the British Houses of Parliament. Enjoy. For more on the British role, see here or here or here. … [Read more...]
Links Aug 29
Kenya votes to reintroduce capital gains tax Financial Times (paywall) "The move, which was approved by parliament this week but has yet to be signed into law by President Uhuru Kenyatta, will put Kenya in line with other top African economies" Expectations too high for Pakistan-Swiss talks … [Read more...]
Developing countries: a new government revenue dataset
From the International Centre for Tax and Development: A major obstacle to cross-country research on the role of revenue and taxation in development has been the weakness of available data. This paper presents a new Government Revenue Dataset (GRD), developed through the International Centre for … [Read more...]
Quote of the day – on repealing the corporate income tax
From Citizens for Tax Justice in the U.S. "The idea of repealing the corporate tax seems to have just one virtue, which is that it’s simplistic enough to fit into a blog post or op-ed. In every other way this idea is terrible." We've written about this before, with more to come soon. … [Read more...]
Links Aug 28
Delivering Development After 2015 Center for American Progress "Mobilizing domestic resources is the main mechanism for achieving goals at the national level." G-20 Plans For World Without Tax Evasion Forbes Investors should address aggressive corporate tax planning Pensions & … [Read more...]
Burger King’s “shift” from the U.S. to Canada: a move that will cost both countries
Watch Jon Stewart on corporate inversions. Hilariously serious From Prem Sikka: "The US$11 billion merger of Burger King and Canadian coffee and doughnuts chain Tim Hortons is the latest example of a tax inversion move. The deal will see BK transfer its company headquarters from the US to Canada … [Read more...]
Links Aug 27
Africa losing revenue due to faulty treaties - tax experts The Star New UK anti-corruption rules unveiled for oil and mining companies Global Witness … [Read more...]
Shadow banking: why tax havens increase financial risks
From a 2013 paper by Thomas Rixen, another set of arguments why tax havens have helped generate financial risks. The paper itself argues that financial regulatory competition - core TJN fare - is much overlooked. He focuses on: "an aspect that has so far been under-analyzed in the … [Read more...]
Towns against tax dodging: new campaign
From ActionAid, a UK-focused campaign which could easily be done in other countries: Love your community, hate tax dodging All over the world people are taking action to end corporate tax dodging. As political parties decide their priorities in the build up to the general election in May, … [Read more...]
Quote of the day: the purpose of corporations
From Prof. Colin Mayer of Oxford’s Saïd Business School, author of the book in the image: “The corporation is a rent extraction vehicle for the shortest-term shareholders.” That's quite a statement, and it comes via Martin Wolf in the Financial Times. The FT article discussing shareholder value … [Read more...]
Links Aug 26
German trust sues Swiss bank over vanished money from former Communist East Reuters Zimbabwe: The Hedge Fund and the Despot Bloomberg Businessweek Story involves offshore opaque dealings via a BVI shell company … [Read more...]
Risk mining: what tax avoidance is, and exactly why it’s anti-social
Recently we wrote about a remarkable blog by Jolyon Maugham, a tax barrister, a view from the front lines, which we'll repeat again today, because it's so startling: "I have on my desk an Opinion – a piece of formal tax advice – from a prominent QC at the Tax Bar. In it, he expresses a view on the … [Read more...]
