A fascinating little European story emerged yesterday, which the Guardian covers like this: "Jean-Claude Juncker’s fitness to head the EU’s executive for the next five years came under lacerating attack in the European parliament on Monday evening, with British, French and Italian far-right and … [Read more...]
Corporate Tax
Links Nov 25
China’s offshore empires go from help to headache Reuters "When is a Chinese company not Chinese? When it’s a complex web of offshore vehicles rooted in anonymous tax havens." Secret hoards in tax havens Kashmir Times "Goal of limiting tax havens by G20 leaders s unlikely to shed light on … [Read more...]
Links Nov 24
Doubt cast on Modi’s quest to find India’s black money overseas Financial Times (paywall) " ... now he is in power Mr Modi is discovering that unearthing illicit funds stashed in Switzerland, Liechtenstein or other tax havens will be a long, tough slog that is unlikely to yield windfall … [Read more...]
Not In My Name: remarkable, rare voices of remorse and mortification in Luxembourg
We have often remarked on how easy it is for financial services interests to "capture" small tax havens or secrecy jurisdictions. It's a common pattern and a woefully under-studied phenomenon where the capture by global offshore finance extends beyond the policy-making apparatus … [Read more...]
Links Nov 21
FATCA: Are Transnational Criminal Networks Influencing US Policy? Huffington Post Mauritius Emerges As Biggest Investor In India InSerbia News Anti-corruption bar set higher, but Australia still has more to do The Conversation Taxing mines is a daunting task Zambia Daily Mail … [Read more...]
Links Nov 20
Seychelles Chamber of Commerce and Industry pushes for Seychelles to become China’s African trade hub Seychelles New Agency "... the Chinese side could benefit from the various tax incentives which exist here". See earlier blog How Seychelles became a paradise for dirty money and corruption … [Read more...]
Links Nov 19
Juncker should step back on tax avoidance issues Financial Times (paywall) Juncker has refused to recuse himself formally from participating in the European commission’s final judgments on corporate tax cases. He should officially hand over all oversight for the probes to his deputy and step back … [Read more...]
Links Nov 18
Why is the largest gold mine in South America incurring losses? BBC Mundo (In Spanish) India: G20 backs Modi's pitch for repatriation of black money Business Standard India: Black money probe gets trickier as trail goes beyond Switzerland Business Today … [Read more...]
Patent boxes: progress, or more racing to the bottom?
We've written quite a bit about patent boxes in the last few days. A Patent Box is a tax incentive that reduces effective corporation tax rates on income attributable to patents, subject to certain conditions. We at TJN think they are generally a terrible idea. In two patent box blogs last week … [Read more...]
Links Nov 17
G20 tax avoidance pledge 'still leaves poor countries vulnerable' The Guardian G20 tax reform plan should prevent another Lux leaks The Conversation BEPS and the Politics of Tax Power Women for Tax Justice In Finland, Tax Day Is the Best Day Foreign Policy France, a Tax Haven? Yes, for … [Read more...]
The OECD’s corporate tax project: a remake of an old film?
This isn't a guest blog but something a little similar: a substantial section translated from an important Thomsonreuters article in Spanish by Antonio Figeroa, a former president of the UN Tax Committee and a top Argentine tax official. The headline is ours. Why is the OECD only now cracking … [Read more...]
Links Nov 14
Open letter to the G20: exposing the corporate shell game is good for business – and the world - Mo Ibrahim and colleagues The Guardian Ending corporate secrecy: within our reach but slipping away Eurodad Calling on the G20 to Unmask the Corrupt Transparency International Jersey’s PR … [Read more...]
Global Investor Groups Support Tax Justice and Transparency
From Corporate Governance, a news release basically taking a series of core tax justice positions ahead of the G20 summit meeting in Brisbane this weekend: Investors Back Global Tax Reform and Transparency In a global first, a group of institutional asset owners and managers are jointly calling … [Read more...]
New reports on OECD and developing countries: progress, but far to go
A couple of days ago the OECD published a document called The BEPS Project and Developing Countries: from Consultation to Participation which has three key elements: first, inviting ten developing countries to participate directly in its Committee on Fiscal Affairs and subsidiary bodies; second, to … [Read more...]
Links Nov 13
Rich have more influence than poor over tax reform Christian Aid Rise of Swiss gold exports to India raises questions swissinfo Madoff Trials in Geneva Loom Six Years After Fraudster Confessed swissinfo "Madoff’s deception was a blow to Geneva’s reputation as a safe place to do … [Read more...]
