Obama planning to tax US firms' foreign profits in blow to Ireland Irish Independent See also: It’s time to smell the coffee and start cooperating on international tax Tax Research UK Companies debate merits of ‘fair tax’ kitemark Financial Times (paywall) "For the UK’s second-largest energy … [Read more...]
Corporate Tax
Mbeki Report On Financial Crime Will Shift Global Tax Debate, Says Christian Aid
UPDATE: The report of the High Level Panel on Illicit Financil Flows chaired by President Mbeki was adopted by the African Union Summit meeting on 31st January 2015. This represents a major milestone for the global tax justice movement. Campaigners throughout Africa can now push their … [Read more...]
Links Jan 30
Civil Society Response to the Financing for Development Elements Paper Eurodad Press release: Standard Chartered publicised tax avoidance strategy for use in some of the world’s poorest countries ActionAid Le Prix A Payer is France Inter’s “Les Choix de Inter” [pick of the week] African … [Read more...]
Economists and academics back the Tax Dodging Bill
TJN's John Christensen joins up with almost 70 other economists and academics in the following letter backing the Tax Dodging Bill proposal published in The Times today: … [Read more...]
Links Jan 29
Global Tax Transparency Rising in 2015 As FATCA, OECD Initiatives Gain Momentum Bloomberg BNA Luxembourg investigation: EU parliament suggests LuxLeaks inquiry committee setup Luxemburger Wort Vatican foiled over bid to hide Swiss bank data The Local Japan unveils plans to impose 'exit … [Read more...]
Oxfam calls for World Tax Summit
From the Oxfam blog: The corporate tax rules we live with today are from a by-gone era and remain essentially unchanged since the 1920s, from a time when world trade was less than 1 percent of what it is today, a time when companies “resided” very clearly in one country and “sourced” from … [Read more...]
Links Jan 28
Poverty in the Cayman Islands Tax Research UK See also: The Finance Curse U.S.: Congress Should Pass the Stop Tax Haven Abuse Act to Combat International Tax Avoidance Citizens for Tax Justice Puerto Rico Expands Tax Haven Deal For Americans To Its Own Emigrants Forbes Consider also: Tax … [Read more...]
UK campaigners call on political parties to adopt tax dodging bill
Today a coalition of 17 UK organisations including TJN, ActionAid, Oxfam, Christian Aid, the NUS and the Equality Trust is launching a campaign to tackle the scandal of corporate ta avoidance in the run-up to the next UK general election in May. … [Read more...]
Links – Jan 26
Luxembourg Charges Second Ex-PwC Employee Over Tax Leaks Bloomberg See also recent blogs Will Antoine Deltour become a prisoner of conscience? and Tax haven whistleblowers: where are the human rights organisations? Davos is starting to get it – inequality is the root cause of stagnation The … [Read more...]
Links Jan 23
G20: what was achieved in 2014? Eurodad Where next for the EC tax probe? economia Green Party leader Eamon Ryan criticises Fine Gael for not backing Lux Leaks tax inquiry The Irish Times UBS France: again, the whistleblower faces her former employer Le Temps (In French) UBS whistleblower … [Read more...]
Austerity: the tax dodgers’ best friend?
One might think that if a government wanted to impose austerity, its appetite for tax collection would rise. But this may not be the case. Take a look at this study from the European Federation of Public Services Unions (ESPU,) which came out last October but remains relevant. It's called The … [Read more...]
Luxembourg, Amazon, and the State aid connection
Earlier this month Bloomberg reported that the European Union had stated that: "Luxembourg hastily approved a “cosmetic” tax deal with Amazon.com Inc. in 11 days, allowing the company to shift profits to a tax-free unit. The EU told Luxembourg officials in a letter that the deal, based on a … [Read more...]
Links Jan 22
How Country By Country Reporting Could Have Made LuxLeaks Unnecessary Financial Transparency Coalition / Transparency International Are anonymous companies a ‘getaway vehicle for corruption’? The Guardian European Commission explains how Amazon made $4.5 billion in ‘stateless’ profits … [Read more...]
The political mathematics of tech giants
Some political mathematics. A + B + C + D + E = F. Here's A: US tech giants launch fierce fightback against global tax avoidance crackdown. Reforms "must be resisted." Now B: The libertarian Cato Institute, funded by the billionaire industrialist Koch brothers, said it had received support from … [Read more...]
Links Jan 21
The Business Case for Ending Anonymous Companies: a Collective Effort The B Team Transparency: Cracking the shells - New rules in the European Union take aim at corporate secrecy The Economist Kenya’s capital gains tax stirs uproar CNBC Africa … [Read more...]
