We were going to do a job on this report but Tax Research got there first, so we'll cut and paste: UK corporation tax policy fails to attract new business as Foreign Direct Investment falls From the time that the current government came into power corporation tax reform has been one of their … [Read more...]
Corporate Tax
The alternative offshore awards: an idea whose time has come?
From the Financial Secrecy Media Monitor: "Thanks to a promoted tweet from Jersey Finance comes news of the International Fund & Product Awards 2014, in which Jersey won the Best International Financial Centre award. Other winners were Standard Bank Offshore Group for Best International … [Read more...]
Links Jun 20
Why big time tax dodgers love Mr Juncker Private Eye See also recent blog Architect behind Eurozone’s biggest tax haven wants to be EC president EU closes tax loophole for multinational firms Reuters See also: Anti-Money Laundering: Commissioner Barnier welcomes progress in Council European … [Read more...]
Quote of the day: coddling internet infants with tax subsidies
From Citizens for Tax Justice in the U.S. Dear Congress: The Internet Never Was an Infant Industry That Needed Coddling That's our quote of the day, from their headline. There's simply no reason to shovel subsidies at this fabulously wealthy (and increasingly politically powerful) sector. Yet … [Read more...]
Links Jun 19
G8 Has Yet To Live Up To Its Promises On Tax And Transparency Financial Transparency Coalition Blog Swiss Cabinet to examine tax deductible bank fines swissinfo … [Read more...]
Links Jun 18
The True Cost of Hidden Money - A Piketty Protégé’s Theory on Tax Havens The New York Times "What’s beyond question is that there is no economic, political or moral justification for tax evasion - it exists only because of the political influence that wealth buys. A society that fails to fight … [Read more...]
Links Jun 17
Editorial - Corporations and their tax shell games: Time for a global crackdown Los Angeles Times Israel to tax Google and Facebook on profits i24 A lower rate of corporation tax – that’s what Japanese companies will get for not paying it The Independent … [Read more...]
London march: Join the new Tax Dodgers’ Alliance
From UK Uncut, a march planned for this Saturday (June 21): Come and join the newly formed 'Tax Dodgers Alliance'. Big businesses and the super wealthy are welcome. Bankers, lawyers, CEOs, new money, old money... What do we have in common? We're stinking rich & we don't want to share - our cash … [Read more...]
The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner Football: a game of two halves - corruption and scandal The World Cup of scandal and corruption rolls on. This week Global Witness has exposed the role of the Brazilian Development Bank, Banco Nacional de Desenvolvimento Econômico e Social, in … [Read more...]
From The Namibian: an open letter to De Beers on transfer pricing
FROM TODAY'S EDITION LETTERS AS NAMIBIAN political activists, we are writing to you because we are greatly concerned about your transfer-pricing methods. We know that transfer-pricing occurs when two companies from the same multinational corporation trade with each other. … [Read more...]
Civil society letter to OECD on its corporate tax project
The OECD's so-called Base Erosion and Profit Shifting (BEPS) project which aims to reform the hopelessly outdated international tax system, has been progressing, and TJN and others have been monitoring it. Civil society organisations, including those coordinated through the Global Alliance for … [Read more...]
Euro Commission probes corporate tax arrangements of Apple, Starbucks and Fiat
From Europa.eu "The European Commission has opened three in-depth investigations to examine whether decisions by tax authorities in Ireland, The Netherlands and Luxembourg with regard to the corporate income tax to be paid by Apple, Starbucks and Fiat Finance and Trade, respectively, comply with … [Read more...]
Reuters report: the UK’s “new” corporate tax policies have failed
That's the impression you get from reading the latest story by Tom Bergin of Reuters, who has done a detailed and excellent exploration of the UK's recent moves to become more of a tax haven for multinational corporations. The harm inflicted on taxpayers elsewhere? Enormous. Just look at the … [Read more...]
The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner The Togo triangle: where stolen Nigerian oil disappears Nigeria: the land of lost opportunity. Billions of dollars from oil revenue has literally been siphoned out of the country. The story – and corruption - has run for decades. … [Read more...]
Quote of the day: on corporate tax policy making
From Martin Hearson: “What my clients are concerned about,” said my friend, “is political interference in corporate tax policymaking.” I found this quite startling. Is it possible that businesses consider corporate tax policy to be a matter for private negotiations between them and the government, … [Read more...]
