This morning Alex Cobham, TJN's Director of Research, called for public country-by-country reporting, in an interview with the BBC's flagship Today programme (19:20ish). "Country-by-country reporting: that was actually a Tax Justice Network proposal, going back to our establishment in 2003; but … [Read more...]
Country by Country
The secret EU Tax “Code” that needs to be cracked open
Guest Blog: The secret EU Tax "Code" that needs to be cracked open A guest blog by Tove Maria Ryding, Eurodad Yesterday Fabio De Masi, a German member of the European Parliament, filed a lawsuit against the European Commission after being denied the right to see the minutes from meetings in … [Read more...]
New petition: public country by country reporting now
From War on Want and EPSU, a new petition: "We call on the economics and finance ministers of the European Union to crack down on corporate tax dodging; multinational companies must be required to publish key information about where they are doing business, earning their profits and paying their … [Read more...]
French parliament approves public country-by-country-reporting
Updated with new analysis. Update 2: on a third round, the proposal has failed in the national assembly. This is far from the end of it. STOP PRESS: We've just heard that the French National Assembly has voted in favour of public -- yes, public -- country-by-country reporting. As a member of … [Read more...]
Still Broken: major new report on global corporate tax cheating
Update, Dec 7, 2015: a new paper in the Journal of World Business, which contains this: "Home country statutory corporate tax rates have a small impact on tax haven use. In general, corporate tax rates are an important factor in driving MNEs to set up tax haven subsidiaries. However, … [Read more...]
Fifty Shades of Tax Dodging: how EU helps support unjust global tax systems
A major new report written by civil society organisations in 14 countries across the EU, co-ordinated by Eurodad. Fifty Shades of Tax Dodging: the EU's role in supporting an unjust global tax system … [Read more...]
TJN unveils its new Financial Secrecy Index
Today the Tax Justice Network launches the 2015 Financial Secrecy Index, the biggest ever survey of global financial secrecy. This unique index combines a secrecy score with a weighting to create a ranking of the secrecy jurisdictions and countries that most actively promote secrecy in global … [Read more...]
What will BEPS fix, and who will gain?
A guest blog by Sol Picciotto, co-ordinator of the BEPS Monitoring Group. What will BEPS fix, and who will gain? The launch this week of the final reports from the G20/OECD project on Base Erosion and Profit Shifting (BEPS) has sparked two frequently asked questions. The first is: can we give … [Read more...]
So: what kinds of corporate tax schemes won’t BEPS stop?
There have been a few inquiries from people in the media looking at our (and others') recent critiques of the OECD's recently-released BEPS project proposals to tackle international corporate tax avoidance. One pertinent question is this: which schemes, specifically, won't BEPS stop? Prof. Sol … [Read more...]
GATJ: OECD tweaks to tax rules for multinational corporations fall short on transparency, inclusivity
From the Global Alliance for Tax Justice, a press release on the OECD's BEPS process, which we wrote about yesterday: "The Global Alliance for Tax Justice (GATJ) is urgently calling for a United Nations-based follow-up process to the “flawed” OECD Base Erosion and Profit Shifting project, in … [Read more...]
Press release: OECD’s BEPS proposals will not be the end of tax avoidance by multinationals
PRESS RELEASE EMBARGOED: 14:00 CET See this press release in pdf form here. See the BEPS Monitoring Group's longer technical evaluation here (or in condensed form here.) See links to further statements by others below. OECD’s BEPS proposals will not be the end of tax avoidance by … [Read more...]
Country by country reporting: lessons from Finland
A guest blog by Henri Telkki, Finnwatch. This concerns country-by-country reporting, a concept explained here. The CbCR piloting of Finnish state-owned companies – lessons to learn Finland acted as a front-runner in tax transparency by requiring those companies where the state holds more than a … [Read more...]
The G20/OECD BEPS Project on corporate tax: a scorecard
In 2013 the G20 world leaders mandated the OECD, a club of rich countries, for its Base Erosion and Profit Shifting (BEPS) project to produce reforms of international tax rules that would ensure that multinational enterprises could be taxed ‘where economic activities take place and where value is … [Read more...]
C20: new civil society policy paper on tax justice
Adapted from the Global Alliance for Tax Justice. Organisations from 91 countries from around the world, representing close to 500 civil society organisations and almost 5,000 individuals, have been working together for the last 18 months via the Civil 20 (C20) to engage with G20 governments on … [Read more...]
Country by Country Reporting: lobbyists eviscerate OECD project
From the Uncounted blog: "The governments of G8 and G20 countries gave the OECD a global mandate to deliver country-by-country reporting, as a major tool to limit multinational corporate tax abuse, and with particular emphasis on the benefits for developing countries. New evidence shows that – … [Read more...]
