Updated with additional information about Correa's administration and exposés in the Panama Papers scandal; scroll down. Ecuador's president Rafael Correa has published a significant statement about international tax governance, and specifically the prospect of creating a global tax organisation. … [Read more...]
Corporate Tax
EU Leaks – a new platform for whistleblowers
From the Greens / Europe Free Alliance in the European Parliament, a new initiative called EU Leaks: EUleaks is a European platform where you can submit information in a highly secure and anonymous way. Transparency and accountability are essential for democratic governance. The EUleaks project … [Read more...]
DFID’s work on international tax avoidance: in whose interest?
A new report by its own watchdog provides damning criticism of the UK government’s approach to tax as a development issue. At best, the government has ignored both international expertise and the views of the lower-income countries it claims to be helping. At worst, UK policy can be seen as pushing … [Read more...]
Links Sep 23
Looted funds: Nigeria Labour Congress threatens protest in Switzerland Today "I think we must have a national day to demand for tax justice" Legislators introduce bill to shed more light on US multinationals Financial Transparency Coalition See also: U.S. Bill to require country-by-country … [Read more...]
Links Sep 22
Ecuador steps up campaign for a UN #Globaltaxbody Global Alliance for Tax Justice How to hide it: inside the secret world of wealth managers The Guardian "They know more about their clients than the clients’ own wives. They are loyal in the face of appalling behaviour. They are the brains behind … [Read more...]
Report: new data disproves US corporations’ false narrative on taxes
From Americans for Tax Fairness, a major new report about corporate taxes in the United States. It's called Corporate Tax Chartbook: How Corporations Rig the Rules to Dodge the Taxes They Owe, and it contains many useful facts, such as this: Corporate profits are way up, and corporate taxes … [Read more...]
Links Sep 16
Al Jazeera Investigates: Stealing Paradise Al Jazeera’s Investigative Unit has uncovered corruption in the Maldives. Secretly filmed interviews describe how men on mopeds carried millions in cash to the Maldives’ political elite. Gender & Tax, from a union perspective Global Alliance for Tax … [Read more...]
Apple’s tax affairs: a symptom of the robber-baron culture
Updated with further information about Brazil's decision - see below. Now also on Angry Bear, Middle Class Political Economist From the Financial Times: More precisely, a group of 185 American CEOs has sent letters, co-ordinated by the Business Roundtable lobby group, to the leaders of 28 EU … [Read more...]
Now Brazil puts Ireland on its tax haven blacklist
We have for years remarked that one of our informal markers of a tax haven is loud tax haven denials. See our 'we are not a tax haven' blog for more. There's probably no place more vocal than Ireland, where there seems to be a veritable industry of tax haven deniers, which specialises in … [Read more...]
Links Sep 14
An Intergovernmental UN Tax Body – why we need it and how we can get it Eurodad Taking action for tax justice at World Social Forum 2016 Global Alliance for Tax Justice New report reveals the "dark side" of European Investment Bank funds: How the EU's bank supports non-transparent investment … [Read more...]
Report: why we need to tax corporations now, more than ever
Update: now on Naked Capitalism, where it's attracted a lot of interesting commentary Last year we published a document entitled Ten Reasons to Defend the Corporate Income Tax, outlining how the tax is under constant attack, in country after country, and explaining why it is one of the most … [Read more...]
Report: the investor case for country by country reporting
From the FACT coalition: New Report: Investors at Risk by Lack of Corporate Tax Disclosures September 12, 2016 Shareholders Increasingly Stymied by Opaque Corporate Tax Practices as Authorities Crack Down, Finds New FACT Analysis Apple Tax Ruling “Just the Tip of the … [Read more...]
Apple’s iPhone 7 launch: but what about the taxes?
Apple is launching its iPhone 7 today. In the context of the recent Apple tax scandal, and the imbroglio involving the company, the European Commission, and the U.S. Treasury, we thought we'd share some images that some of our partners have created, to celebrate the event. Before seeing the … [Read more...]
UK moves forward on Country by Country reporting
They said it would never happen - but here it comes. From the UK lower house of parliament, an amendment to legislation which looks like this: This is very welcome news, even though the amendment is far from perfect. … [Read more...]
The UK’s North Sea oil revenues: Giving it away?
New analysis of the UK's North Sea oil and gas suggests that the combination of tax giveaways by the government, and aggressive avoidance by multinationals, means that the country may actually be subsidising the extraction of its natural resources. And this at a time of continuing 'austerity' … [Read more...]
