There’s A Huge New Corporate Corruption Scandal. Here’s Why Everyone Should Care HuffPost See also: The Bribe Factory The Age / HuffPost - "An extraordinary case of bribery and corruption in the oil industry, centred on Monaco-based company Unaoil". Canada Joins 21st Century Fight against Tax … [Read more...]
Corporate Tax
Take action to back corporate transparency in Europe
Update: see the report in The Guardian here; see Alex Cobham's mode detailed analysis of the failures of what's being proposed, here. We've been campaigning on so-called country by country reporting since 2003, and now world leaders, and many others, are beginning to introduce changes to bring … [Read more...]
Links Mar 29
The gnomes of Zurich are silent no longer Financial Times "Past actions are catching up with some Swiss banking clients". On links between Brazil's Petrobras, Malaysia's 1MDB, Fifa, and Spanish political slush fund scandals... Swiss banks to cooperate in probe of Venezuela’s state oil and gas … [Read more...]
Links Mar 24
Financial Transparency Coalition Newsletter January - March 2016 Credit Suisse, the Jailed Banker and an Oligarch's Millions Bloomberg Swiss Banks Land in Middle of Money-Laundering Probe -- Again Bloomberg "U.S. said to seek banking records in widening Venezuela probe" OECD warns that … [Read more...]
Links Mar 23
How Much International Tax Evasion is There? naked capitalism $181 billion Indian black money in tax havens? The Times of India Head of joint OECD/UNDP Tax Inspectors Without Borders initiative appointed – James Karanja, of the Kenya Revenue Authority OECD For background, read our August … [Read more...]
The inexorable approach of public country-by-country reporting
The full publication of multinational companies' country-by-country reporting took a step closer today. A begrudging step, which as it stands would negate most of the benefits; but an important one nonetheless, because of the direction of travel. A long road travelled A little background. Public … [Read more...]
Links Mar 21
HSBC’s Money Laundering Nightmare (2): Mossack Fonseca, a Year in Words and Pictures, March 2015-March 2016 naked capitalism Story involves Panama, Brazil, Moldova, Malta, New Zealand, Azerbaijan, Germany, Luxembourg, USA, Hong Kong ... Global tax enforcement puts Cayman in the crosshairs The … [Read more...]
Why is the CEO of IKEA Switzerland head of a UN panel on gender?
On March the UN Secretary-General’s High-Level Panel on Women’s Economic Empowerment held their inaugural meeting. The panel: “intends to put women’s economic empowerment at the top of the international agenda, including by defining actions to speed up progress under the 2030 Agenda for … [Read more...]
Switzerland rejects request from Argentina on leaked HSBC accounts
From Argentina's La Nacion newspaper: "Switzerland has denied the Argentine judicial authorities information about 4,000 or so Argentine-owned bank accounts in Switzerland, saying that Argentina's request had no solid foundation." This concerns data revealed by an HSBC whistleblower, Hervé … [Read more...]
Following the Money: French Banks’ Activities in Tax Havens
Update: the English version is coming soon; the French version is here. The following press release is published by Oxfam France; CCFD-Terre Solidaire; and Secours Catholique-Caritas. The accompanying study uses the first fully available public Country-by-Country reporting data from French banks … [Read more...]
KPMG: are they really masters of the universe?
A guest blog by Atul Shah of Suffolk Business School. Also published at Tax Research. Are KPMG really masters of the universe? The growing size and influence of Big 4 global accounting firms, and their supermarket of business consulting and advisory services, is generating alarm among scholars … [Read more...]
The Multinational Enterprises (Financial Transparency) Bill
From the UK parliament, a motion that we noted in our previous blog on Oxfam's new UK tax havens report, and which we strongly support: Multinational Enterprises (Financial Transparency): Ten Minute Rule Motion Caroline Flint That leave be given to bring in a Bill to require certain multinational … [Read more...]
Oxfam report: Ending the Era of Tax Havens
Back in June 2000, three years before TJN's birth and at a time when nobody was talking about the issues, the charity Oxfam published a seminal document entitled Tax Havens: Releasing the hidden billions for poverty eradication. It was an important part of global tax justice history. We're … [Read more...]
Links Mar 9
You're A Rich Tax Dodger? No Problem, Says Canada Revenue Authority Canadians for Tax Fairness See also: Critics want public hearings into Canada Revenue amnesty for KPMG offshore tax dodgers CBC US and EU clash over tax practice clampdown The Irish Times "Washington urges Brussels to … [Read more...]
Links Mar 8
Time To Kill Corporate Tax? Tax-News See also our report Ten Reasons to Defend the Corporate Income Tax ECOFIN agreement a missed chance, campaigners say Financial Transparency Coalition E.U. Ministers Agree to Share Tax Details on Multinationals The New York Times See also: European … [Read more...]
