The parallel financial universe of the Cayman Islands Cayman Reporter "...the people of these islands are waking up to the reality that has been kept masked under many shrouds for decades." US official says British government undermined progress on tax avoidance The Guardian See also: Could UK … [Read more...]
Corporate Tax
New IMF research: tax affects inequality; inequality affects growth
This new graph from the IMF is just the latest piece of research that follows on from the in-depth work of Thomas Piketty and others looking at the relationship between top income tax rates and inequality. The graph here makes the point adequately. Put crudely, the lower the top tax rate, the more … [Read more...]
Links Jun 19
Follow the money: inside the world's tax havens The Guardian Global Week of Action for #TaxJustice: coming events Global Alliance for Tax Justice The BEPS Monitoring Group - Comments on BEPS Action 8: Hard-to-Value Intangibles Tip of the iceberg: the role of the banks in the FIFA story … [Read more...]
Exposed: $43 million tax dodge in world’s poorest country
From ActionAid, another excellent investigation into a corporate tax dodge in Malawi, which on some measures is the world's poorest country: Today [June 17] we’ve released an investigation into an Australian mining company called Paladin, operating in Malawi – the world’s poorest country. We … [Read more...]
10 Reasons Why an Intergovernmental UN Tax Body Will Benefit Everyone
We have written for years about how the OECD, a club of rich countries has dominated the international tax system and that this inevitably skews the system in the favour of, well, rich countries. A potentially far more representative body exists -- the UN Tax Committee -- but the OECD and its member … [Read more...]
Links Jun 18
Exposed: the million tax dodge ActionAid See the report: An Extractive Affair: How on Australian mining company's ax dealings are costing the world's poorest country millions Nigeria: Remedy for a Trillion Dollar Problem? allAfrica Africa: How everybody holds the continent back New … [Read more...]
European Commission half measures will exacerbate profit shifting
17th June 2015 - for immediate release European Commission half measures will exacerbate profit shifting Today’s Action Plan on Fairer Taxation sees the European Commission stall on transparency while giving tax sweeteners to multinational companies … [Read more...]
Hey Walmart, it’s time to pay your taxes
A groundbreaking report released Wednesday, June 17 (12:01am) by Americans for Tax Fairness (ATF), and researched by the United Food & Commercial Workers International Union (UFCW), reveals that Walmart has built a vast, undisclosed network of 78 subsidiaries and branches in … [Read more...]
Links Jun 16
The Week of Action for #TaxJustice kicks off! Global Alliance for Tax Justice Q&A on Financing for Development and the international tax body Global Alliance for Tax Justice A Billion-Dollar Bank Fraud in Moldova, and 20,000 Opaque British Corporations naked capitalism Desperate for … [Read more...]
Corporate tax and the OECD: joint statement to the G20
The BEPS Monitoring Group (BMG), a body supported by TJN and led by TJN Senior Adviser Sol Picciotto, is a civil society body monitoring the OECD's Base Erosion and Profit Shifting (BEPS) project. BEPS is fancy OECD-speak for 'international corporate tax dodging'. The platform has now produced a … [Read more...]
The politics of country-by-country reporting
A new post by Alex Cobham, TJN's Research Director, at Uncounted. It's called, as our headline suggests, The politics of country-by-country reporting. In summary, the sections note: … [Read more...]
Juncker invites himself to Luxleaks hearing
This blog looks at a report from EurActiv about the so-called Luxleaks probes, which are looking at whether multinational companies using Luxembourg schemes (involving so-called 'tax rulings') violated European rules. Jean-Claude Juncker is not only head of the European Commission, but former … [Read more...]
The Fair Tax Pledge is launched – please add your support and sign
Welcoming the launch of the Fair Tax Pledge - As described by Richard Murphy: The Fair Tax Pledge is a new idea from the Fair Tax Mark, of which I’m a director. The Fair Tax Mark is aimed at those businesses that are run as limited companies but we’ve always known that there are small, … [Read more...]
Links Jun 12
Global Week of Action: the Campaign Toolkit is ready! Global Alliance for Tax Justice See also earlier blog Join the Global Week of Action for #TaxJustice, June 16-23 World Bank Shifting Policies To Disclose The Real Owners Of Contract Winners Global Witness See also: 107 groups urge World … [Read more...]
Links Jun 11
G7 fails to stop the dirty money trail, tax evasion The Sydney Morning Herald World Bank wants to stop anonymous firms winning contracts Thomson Reuters Corruption watchdog says UK blocked just 7 suspect deals in year Financial Times (paywall) Pakistan: ‘Access Interpol to bring back $97 … [Read more...]
