Despite global efforts in fighting tax dodging: ever more money hidden in tax havens Sven Giegold Developing Countries and International Institutional Architecture on Financial Transparency: Global Forum on Transparency and Exchange of Information for Tax Purposes CBGA A Conversation with … [Read more...]
Corporate Tax
Links Oct 24
UN Expert Urges Next UN Chief to Focus on Ending Tax Havens ABC News France: Constitutional Council rejects register of trusts Challenges (In French) The anatomy of the Cayman Islands offshore financial centre: Anglo-America, Japan, and the role of hedge funds Review of International Political … [Read more...]
Links Oct 21
Number 1 recommendation of Independent UN Expert's report is for a UN Global Tax Body Global Alliance for Tax Justice BRICS on #taxjustice Global Alliance for Tax Justice European commission to resurrect overarching corporate tax proposals The Guardian UK’s failure to rein in tax havens hinders … [Read more...]
Links Oct 19
UN wants to abolish tax havens worldwide Dawn GUE/NGL MEPs - blog on the European Parliament’s Committee of Inquiry into the Panama Papers Deltour: We need EU-level protection for whistleblowers Rudolf Elmer: Multinationals and rich individuals are cheating civil society BNP Paribas executives … [Read more...]
Links Oct 17
UN urged to hold conference on abolishing tax havens The Nation Inequality, business and human rights: the new frontier? Open Democracy FACT Coalition Welcomes Rule to Stem Multinational Corporate Tax Avoidance BRICS countries keen on reining in tax-dodging MNCs says India's Economic Relations … [Read more...]
Links Oct 12
Singapore shuts down 2nd Swiss bank, Falcon, & fines UBS, in crackdown re Malaysian sovereign fund 1MDB scandal swissinfo See also Falcon Bosses Ignored Staff Warnings on 1MDB finews, and (from July 2016) How Malaysia’s 1MDB Fund Scandal Reaches Around the World Bloomberg Swiss banks chasing … [Read more...]
Global tax reform: update on progress and next steps
The Methodist Tax Justice Network, the Global Alliance for Tax Justice and one of our senior advisors Professor Sol Picciotto have just published a very useful up-to-date account of where the OECD and G20 have got to on tax reform, along with a useful explanation of the Unitary Taxation … [Read more...]
Links Oct 10
Australia: Oil and gas tax may raise no extra revenue for decades ABC News See also: Turnbull government called on to explain where Australia's offshore gas wealth is going The Sydney Morning Herald #Appletax ruling: "the need for a new way of taxing profits" ICRICT / Global Alliance for Tax … [Read more...]
Facebook UK tax – TJN statement
Facebook UK's accounts for 2015 were published today, online at Companies House. TJN Director of Research Alex Cobham commented: "Facebook UK’s accounts show specific issues, but point also to the real problem: that major multinational companies appear to be able to pick and choose, unlike the … [Read more...]
Links Oct 6
Curbing Illicit Financial Flows and dismantling secrecy jurisdictions to advance women's human rights Global Alliance for Tax Justice Panama Papers honored with a Gold Barlett & Steele Award for Investigative Journalism ICIJ Swiss AG says "serious suspicion" of Swiss banks being involved in … [Read more...]
Links Oct 4
G20 finance chiefs to discuss risks to economy, ending secret company ownership Reuters Study: 73% of Fortune 500 Companies Used Tax Havens in 2015 U.S. PIRG See also: Offshore Shell Games 2016 When It Comes to Tax Avoidance, Donald Trump’s Just a Small Fry The New York Times Trump thinks not … [Read more...]
Beware the siren song of “tax certainty”
Back in July the G20 club of powerful countries issued a communiqué in which they enthused about "the benefits of tax certainty to promote investment and trade," and they mandated the OECD and the IMF "to continue working on the issues of pro-growth tax policies and tax certainty." It's taken as a … [Read more...]
Links Sep 30
The Real Scandal Behind the Panama Papers Vanity Fair Panama has passed a law to implement sanctions vs anyone who calls it a tax haven E&N (In Spanish) Capital mobility: The good, the bad and the ugly The Economist 'True FDI is an unalloyed benefit. But the growing practice of using offshore … [Read more...]
Links Sep 28
U.S. Senate's top tax lawmaker targets corporate offshore profits Reuters Battling Apple and the Giants naked capitalism Pakistan Supreme Court clears way for hearing on Panama Papers Gulf News Europe calls on journalists' Panama Papers expertise ICIJ See also: Panama Papers: European parliament … [Read more...]
UN report recommends: go after tax havens, and protect whistleblowers
From the United Nations General Assembly, the fifth report of the Independent Expert on the promotion of a democratic and equitable international order. The summary goes like this: "The report focuses on impacts of taxation on human rights and explores the challenges posed to the international … [Read more...]
