A new book titled "Fighting Corporate Abuse: Beyond Predatory Capitalism" is to be published by Pluto. The authors include two TJN Senior Advisers, Prem Sikka and Sol Picciotto. The book offers public policies for tackling corporate abuses, as the blurb notes: … [Read more...]
Corporate Tax
Links Sep 23
U.S. Treasury moves against tax-avoidance 'inversion' deals Reuters See additional links to press and blogosphere coverage via TaxProf Blog, and AstraZeneca shares fall as Obama thwarts tax inversion deals The Guardian U.S. Business Shows Continuing Concern Over BEPS Tax-News U.S. Business … [Read more...]
Don’t sign OECD tax treaties: the case of Uganda
Update, Dec 9: Martin Hearson adds his own updated analysis of Uganda's tax treaties in a Powerpoint presentation here. A while ago we quoted U.S. tax expert Lee Sheppard excoriating OECD model tax treaties, in a fiery presentation which included such gems as: For multinationals, "there are … [Read more...]
Links Sep 22
G20 countries agree to exchange tax information to stamp out evasion The Guardian See TJN commentary on the OECDs Automatic Information Exchange Standard here. See also: India: From today, a new beginning to end global bank secrecy: G20 The Economic Times Ireland: Pressure rises to close tax … [Read more...]
BEPS – minor victories but we risk losing the war
The following are detailed thoughts on the OECD BEPS year one outcomes prepared by friends and colleagues at Eurodad (the European Network on Debt and Development). … [Read more...]
Quote of the day: shareholder value and economists
From a fascinating long article about the genesis of high executive pay in the United States, a quote from French financial economist Jean-Charles Rochet: “Everyone knows that corporations are not just cash machines for their shareholders, but that they also provide goods and services for their … [Read more...]
No Role for Public Scrutiny in OECD Plan to Curb Corporate Tax Dodging
From the Financial Transparency Coalition, of which TJN is an active member: No Role for Public Scrutiny in OECD Plan to Curb Corporate Tax Dodging For Immediate Release September 16, 2014 WASHINGTON, D.C. — The Organization for Economic Cooperation and Development’s (OECD) new … [Read more...]
Country by country reporting: here it comes
From Tax Research, reposted in full, with a few key links added: The era of country-by-country reporting is arriving The OECD has announced its 2014 outcomes from the Base Erosion and Profits Shifting process this afternoon. As far as I am concerned the key issue is country-by-country … [Read more...]
Quote of the day – on tax laws and corporate partners
From Marty Sullivan (pictured), a top U.S. tax expert, speaking last year: “What politicians keep forgetting is that you can’t ‘partner’ with the corporate community when it comes to writing the tax laws,” Sullivan explains. “They’re not partners — they are adversaries.” Someone ought to send a … [Read more...]
UNCTAD: the time for tax justice has come
A press release about the latest UNCTAD Trade and Development report 2014: "Governments, from rich and poor countries alike, should be able to finance the investment and other public spending required to meet the demands of their citizens for a more prosperous and secure life. Mobilizing domestic … [Read more...]
Links Sep 12
Tax justice – in it for the long haul Christian Aid Three Illicit Flows Targets for the Post-2015 Framework Center for Global Development How tax inspectors could prevent the next Ebola outbreak The Conversation See also recent blog: Tax Inspectors Without Borders – an update The … [Read more...]
Links Sep 11
Fiscal justice to reduce inequality in Latin America and the Caribbean Oxfam International Taxes: the structural reform pending in Latin America BBC World (In Spanish) Hat tip: Jorge Gaggero Swiss Minister’s offshore business to be re-investigated swissinfo … [Read more...]
Corporate Deadbeats: How Companies Get Rich Off Taxes
A nice cover story in Newsweek from David Cay Johnston, worth remarking on because it's written so clearly and is a powerful indictment of what's going on in the corporate U.S. at the moment. A sample from the article: "How can a tax burden become a boon? Simple. Congress lets multinationals … [Read more...]
Links Sep 10
The Creation of International Financial Centres in Africa: The Case of Kenya Anti-Corruption Resource Centre Elderly Lobbyist Always Droning On About How Little Legislation Cost In His Day The Onion A Made-in-America Offshore Tax Haven Newsweek Developing Countries Losing Billions To … [Read more...]
KPMG offers generous advice that will help tax cheats
One of the most important live initiatives currently in the field of tax justice and international financial transparency is the OECD's Common Reporting Standards (CRS,) a system of automatic information exchange which we have broadly welcomed - though with some gripes - here. Now it turns out … [Read more...]
