Uncounted: Power, inequalities and the post-2015 data revolution Africa: Is Responsible Tax Behaviour the Next Frontier of CSR? allAfrica / Institute of Development Studies Belgium's $763 Million Tax Loophole Shut in EU Payback Order Bloomberg See also:In wake of Luxleaks - EU says Belgium's … [Read more...]
Corporate Tax
Links Jan 7
US Congress opposes World Bank plan to weaken environmental and social protections, seeks transparency about “beneficial owners” of shell companies CIEL Falciani labels the Swiss as financial mercenaries swissinfo Capital flight VII. The effects of globalization and foreign ownership of the … [Read more...]
Links Jan 6
The economic crisis impacting Jersey, one of the oldest tax havens in the world BBC Mundo (In Spanish) See also our recent blog Jersey: the fall of a Finance-Cursed tax haven Cayman Financial Services Minister: Tax dodgers beware Cayman Reporter Tax avoidance hits the poorest hardest The … [Read more...]
Links Jan 5
Cook Islands, a Paradise of Untouchable Assets The New York Times. From 2013, but well worth the reminder. HSBC escapes action by City regulator following Swiss tax scandal The Guardian The Swiss Have Sent a Chilling Message to Banking Whistleblowers The Wire See also our recent blog on How … [Read more...]
Tax Haven Netherlands takes over EU presidency. As if Juncker weren’t enough
From Social Europe: "As of this January 1, the Netherlands holds the Presidency of the European Union. This is a good occasion to put the spotlight on a well-kept Dutch secret: The Netherlands is one of the largest tax havens in Europe, indeed the world. While minister of finance Jeroen … [Read more...]
Links Jan 4
When will banks learn that dodgy tax practices actually cost them dear? The Guardian Swiss bank Lombard Odier to pay $100 million to resolve U.S. tax probe Reuters See also: Swiss Bank Admits Cash and Gold Withdrawals Cheated IRS Bloomberg Swiss bank Julius Baer U.S. tax evasion settlement … [Read more...]
Apple CEO Tim Cook: wilfully not understanding tax
From the Financial Times: "Apple’s chief executive said accusations the company was avoiding paying taxes by holding more than $180bn of its cash balances outside the US were “total political crap. Apple pays every tax dollar we owe”. To which there is a very simple answer. They don't owe it … [Read more...]
Time to investigate the Big 4 over the financial crash
A guest blog by Dr. Atul K. Shah, Senior Lecturer, Suffolk Business School. As background to this, it is useful to quote from the work of Prem Sikka, cited in Shah's research: "Successive governments have failed to investigate the firms, or prosecute their partners. Instead, the partners of … [Read more...]
Links Dec 18
Greenpeace links frackers to tax havens Financial Times (paywall) We reference the original report in links on Dec 16 - Revealed: Cuadrilla and leading fracking firms’ tax haven ownership Energy Desk Cayman: Centralised platform on beneficial ownership coming Cayman Reporter Fifa scandal: … [Read more...]
Wealth management: tax avoidance is just the tip of the iceberg
Recently we wrote a blog about some rather unique research carried out by Brooke Harrington, an Associate Professor at Copenhagen Business School who trained to become a wealth manager in order to study it properly. This week, Naomi Fowler interviewed her for our latest Taxcast. We think it is worth … [Read more...]
Links Dec 16
It's time for companies to bring tax into their human rights due diligence Business & Human Rights Resource Centre Momentous day for Fair Tax in Europe Fair Tax See also: European Parliament spells out legal steps to fight aggressive corporate tax planning and evasion European Parliament … [Read more...]
Links Dec 15
Regional Week of Action in Latin America! Global Alliance for Tax Justice Measuring illicit flows in the SDGs Uncounted Why would an international tax lawyer join Oxfam? The Politics of Poverty National Tax Justice Youth Film Festival Tax Justice Coalition Pakistan Tackling corporate … [Read more...]
New website shows European countries that facilitate tax cheating
PRESS RELEASE FROM SOMO: Mapping Tax-free investments New interactive website shows which European countries facilitate tax dodging through mailbox companies. Today, the Centre for Research on Multinational Corporations (SOMO) launches a new interactive website that visualises bilateral … [Read more...]
Links Dec 14
Abusive Tax Avoidance and Responsibilities of Tax Professionals Journal of Human Development and Capabilities Global Looting – A Snapshot The Corner House Illicit Financial Flows: Overview of Concepts, Methodologies and Regional Perspectives CBGA Las Vegas Review-Journal Staffers Want To … [Read more...]
Links Dec 10
KPMG's Regulatory Arbitrage Culture Paper by Dr. Atul K. Shah "The Big 4 ... Overwhelming evidence has been emerging in recent decades about their pro-active roles in tax avoidance and arbitrage..." Trade Secrets: Coca-Cola’s Hidden Formula for Avoiding Taxes 100Reporters Shell and Eni's … [Read more...]
