From Martin Hearson, whom we quoted recently on a related topic: "One big theme from the interviews I conducted on my recent African trip is that tax officials in developing countries are really starting to raise concerns about some of their tax treaties. This is particularly true of treaties with … [Read more...]
Corporate Tax
PWC report endorses country by country reporting for banks
From Euractiv, a statement that would have been unthinkable even just a couple of years ago: "Publishing turnover, staff numbers, taxes paid and subsidies received in every country banks operate in, could boost competitiveness, increase lending and bolster financial stability, the independent … [Read more...]
Links Oct 6
Asia-Pacific's developing nations raise low government revenue: United Nations The Economic Times Switzerland Gives France Documents on 300 UBS Customers International Business Times See also: UBS whistleblower criticises banking’s ‘code of silence’ swissinfo, UBS criticises Paris over tax … [Read more...]
Quote of the day: Apple
From U.S. Senator Carl Levin, on Apple's clash with the European Commission: "Its technological brilliance is dimmed by the financial engineering of its tax lawyers and executives who have stained Apple's reputation through tax dodging. Successful corporations don't only make money; they meet … [Read more...]
The UK’s “Patent Box” – nasty, disingenuous and hypocritical tax law
On September 26th David Quentin, a TJN Senior Adviser, wrote a blog entitled The UK’s “Patent Box” - a really nasty, disingenuous and hypocritical piece of tax law. Now an article based on this, co-authored by TJN writer Nicholas Shaxson, has been published on Naked Capitalism, the widely read U.S. … [Read more...]
Links Oct 3
Eurodad - Tax and transparency fact-finding mission Mopani-Glencore claim to Zambia tax refund cannot be taken seriously Christian Aid 'Illegal state aid' and offshore 'sinners' in Euro tax probes The ICIJ Global Muckraker … [Read more...]
Links Oct 2
Australia: Business leaders to face parliamentary inquiry on tax avoidance The Sydney Morning Herald See also: Global crackdown on tax havens fails to sway Australian companies, Government warned that ATO not up to catching tax avoiders, and our earlier blog Third of Australia’s big corporations … [Read more...]
Links Oct 1
Taxing the digital economy is (going to be) an African issue Martin Hearson's Blog Andorra news: Tax haven secrets uncovered Financial Secrecy Media Monitor Crackdown on Apple in Ireland Opens Front on Tax Avoidance War Bloomberg See also: EU Takes Forward Irish Advance Tax Ruling Probe … [Read more...]
The Offshore Wrapper: a week in tax justice #33
America is haunted by phantoms An anonymous company is a brilliant way of hiding wealth and covering up all kinds of dodgy business. They are hugely popular in the more sophisticated circles of the criminal world. … [Read more...]
Links Sep 29
Hong Kong: In battle against tax evasion, our reputation must come before politics South China Morning Post Editorial with very interesting viewpoint. Thomas Piketty recommends progressive taxation for South Korea The Hankyoreh South Koreans, firms invest nearly US$23 bln in tax havens … [Read more...]
Third of Australia’s big corporations pay less than 10% tax – report
The Price We Pay “near miraculous”
Harold Crooks' documentary film about tax avoidance has been selected as one of the six best documentaries submitted this year to the Toronto International Film Festival. In his review, critic Jason Gorber cites the balanced arguments, the … [Read more...]
Links Sep 25
Mauritius, India in talks to address tax treaty concerns: FSC The Economic Times Mauritius is apparently aiming to dispel 'misperceptions' that it is a tax haven. Corporations may be people — but they can be used to hide criminals too The Washington Post Australian Taxation Office amnesty … [Read more...]
Links Sep 24
A Good Deal Better: Uganda's Secret Oil Contracts Explained Global Witness Taxation and Organized State Criminality - the Case of Zambia Pambazuka News See also: Friendly judge rescues M’membe from ZRA over K26.8 m tax evasion Zambian Watchdog Brazil, U.S. sign tax pact frozen by spy scandal … [Read more...]
Quote 2 of the day: shareholders, tax avoidance and refined sugar
A second quote of the day, this time from the Financial Times' Lombard column, a musing on the current U.S. focused news about corporate inversions: "Transactions sold on tax advantages should be sources of shareholder unease too. Governments can readily change their minds about corporate tax … [Read more...]
