This new book adds further insights into the political economy of offshore, raising questions about why offshore has been off-limits for serious political discussion for so many decades and opening up discussion around offshore secrecy. A welcome addition to the emerging debate. … [Read more...]
Blog
New “Corporate Tax Explorer” reveals wealth of US tax data
From Citizens for Tax Justice in the U.S. New "Corporate Tax Explorer" Site Details What Fortune 500 Companies Pay in Corporate Taxes A new web tool, the Corporate Tax Explorer, from Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP), is a one-stop shop for … [Read more...]
Links Mar 28
Measuring OECD Responses to Illicit Financial Flows from Developing Countries Report examines OECD's members progress in tackling money laundering and transnational financial crime. See also: Money laundering, bribery and tax evasion: how to freeze illicit flows The Guardian … [Read more...]
Event: Is global governance of finance fit for purpose?
Last year our colleagues at New Rules for Global Finance published a ground-breaking report on the governance and accountability of the leading financial rule-setting institutions, including those covering international tax cooperation such as the G20, the OECD, the UN Tax Committee and the IMF. … [Read more...]
What tax evasion looks like
Published without commentary. … [Read more...]
Quote of the day: finance, truth and bullsh*t
From SOMO, an article about how financial sector interests have sabotaged European efforts to regulate the shadow banking sector. Our quote of the day, one in an occasional series, is from Belgian Green MEP Philippe Lamberts, who accused other MEPs of ‘delaying tactics’ and said: "I am not a … [Read more...]
EU steps up probe into tax haven activities. Hit ’em hard
From the Financial Times: "Brussels has stepped up its probe into alleged illegal sweeteners offered to multinationals by expanding the investigation to cover arrangements for patent-holders and ordering Luxembourg to reveal its promises to specific companies. … [Read more...]
Tax Justice Focus 2014 – the COUNTRY-BY-COUNTRY REPORTING edition
This edition of Tax Justice Focus is guest edited by Richard Murphy, the originator of the idea of country-by-country reporting. A little more than a decade after he first began to develop the concept, Murphy has brought together authors from the Organisation for Economic Co-operation and … [Read more...]
Party politics pierces City of London for first time in centuries
William Campbell-Taylor, an Anglican priest who featured heavily in the final chapter of Treasure Islands (except in the US edition,) has become the first political party candidate ever to win a seat on the common council of the City of London. That's a record that stretches back a thousand years, … [Read more...]
Bermuda’s offshore sector tells local dissenters to f*** off
From the excellent Financial Secrecy Media Monitor: "Earlier this year the offshore financial sector in Bermuda launched a campaign called “Everybody’s Business” which aims to “educate Bermudians about the importance of international business to all sectors of the community”, and is sponsored by … [Read more...]
Revenue mobilisation and tax evasion in Bangladesh
From the Equity and Justice Working Group Bangladesh: "No exclusive research or study (has been) conducted so far in Bangladesh to identify what amount of money has been evaded the MNCs out of the payable taxes." … [Read more...]
Quote of the day: Panama
A quote about the tax haven of Panama: "The country is filled with dishonest lawyers, dishonest bankers, dishonest company formation agents and dishonest companies. The Free Trade Zone is the black hole through which Panama has become one of the filthiest money laundering sinks in the world." - … [Read more...]
The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner End of anonymous companies in the U.S.? The US congress looks like it may follow the European Parliament’s lead and approve legislation limiting anonymous shell companies. A draft law to stop anonymous shell companies has started picking up … [Read more...]
Treasure Islands – now in Spanish
We are delighted to announce - finally - that Treasure Islands is now available in Spanish. Details here. Please forward to anyone who might be interested. Read praise for Treasure Islands here. Update: A list of all the different editions of Treasure Islands, beyond the original UK … [Read more...]
EU Savings Tax Directive moves forwards
Update: new details about how the EC sees the EUSTD meshing with other initiatives. We recently wrote that there were positive signs that the all-important Amendments to the European Union Savings Tax Directive was likely to be approved, in the face of long-standing intransigence by Luxembourg, … [Read more...]
