Australia: Calls grow for inquiry into tax avoidance tactics of multinationals The Sydney Morning Herald See also: Shifting sands: push for government to crack down on corporate profits The Sydney Morning Herald Myanmar: Crackdown on tax dodgers has tycoons racing to file income declarations, … [Read more...]
Corporate Tax
The Price We Pay – Variety review
"Director Harold Crooks' well-crafted documentary offers a concise, engrossing and occasionally infuriating overview of the ways multinationals avoid taxes by stashing profits in offshore havens." … [Read more...]
Links Sep 5
Developing Countries Could Reap Trillions By Squashing Financial Secrecy, Paper Says Wall Street Journal 'Giant international companies receiving undue tax exemptions' IPPNews "Mega International companies operating in Tanzania, Zambia and Angola are receiving undue tax exemptions through … [Read more...]
Links Sep 4
The trillion dollar scandal of financial secrecy Financial Times (paywall) Guest blog by By David McNair of the ONE Campaign. See also: ‘Web of corrupt activity’ costs poorest countries a trillion dollars a year The Guardian, and our blog yesterday The Trillion Dollar Scandal – ONE’s new report … [Read more...]
Links Sep 3
It Is Time To Unmask The Corrupt in Switzerland Transparency International Banks agonise over US tax evasion ‘guilt’ swissinfo Most Dutch banks are 'vague' about tax avoidance: fair banking report DutchNews.nl … [Read more...]
Links Sep 2
Africa trades billions in secret crude oil deals, experts warn The East African Energy Blog Expert Insight Into The World Of Offshore Company Incorporations Mondaq Some very interesting data and insights on offshore incorporations, from a report produced by one of the world's largest providers … [Read more...]
Public pressure works: new report
We've been emailed a paper entitled Public Pressure and Corporate Tax Behavior, Scott D. Dyreng of the Fuqua School of Business Duke University; Jeffrey L. Hoopes of Fisher College of Business Ohio State University; and Jaron H. Wilde, of Tippie College of Business University of Iowa. The … [Read more...]
Links Sep 1
Australia: Project Wickenby identifies b in tax liabilities Australian Financial Review For background on Project Wickenby, Australia’s biggest tax sting, see here and here. Big banks stall on global tax evasion crackdown Australian Financial Review New Zealand Companies Office’s $612Mn … [Read more...]
Feast of the Wingnuts: on the origins of the Laffer Curve
From the U.S. publication The New Republic, a timeless article entitled Feast of the Wingnuts: "All sects have their founding myths, many of them involving circumstances quite mundane. The cult in question generally traces its political origins to a meeting in Washington in late 1974 between Arthur … [Read more...]
Links Aug 29
Kenya votes to reintroduce capital gains tax Financial Times (paywall) "The move, which was approved by parliament this week but has yet to be signed into law by President Uhuru Kenyatta, will put Kenya in line with other top African economies" Expectations too high for Pakistan-Swiss talks … [Read more...]
Quote of the day – on repealing the corporate income tax
From Citizens for Tax Justice in the U.S. "The idea of repealing the corporate tax seems to have just one virtue, which is that it’s simplistic enough to fit into a blog post or op-ed. In every other way this idea is terrible." We've written about this before, with more to come soon. … [Read more...]
Links Aug 28
Delivering Development After 2015 Center for American Progress "Mobilizing domestic resources is the main mechanism for achieving goals at the national level." G-20 Plans For World Without Tax Evasion Forbes Investors should address aggressive corporate tax planning Pensions & … [Read more...]
Burger King’s “shift” from the U.S. to Canada: a move that will cost both countries
Watch Jon Stewart on corporate inversions. Hilariously serious From Prem Sikka: "The US$11 billion merger of Burger King and Canadian coffee and doughnuts chain Tim Hortons is the latest example of a tax inversion move. The deal will see BK transfer its company headquarters from the US to Canada … [Read more...]
Links Aug 27
Africa losing revenue due to faulty treaties - tax experts The Star New UK anti-corruption rules unveiled for oil and mining companies Global Witness … [Read more...]
Quote of the day: the purpose of corporations
From Prof. Colin Mayer of Oxford’s Saïd Business School, author of the book in the image: “The corporation is a rent extraction vehicle for the shortest-term shareholders.” That's quite a statement, and it comes via Martin Wolf in the Financial Times. The FT article discussing shareholder value … [Read more...]
