Oil, gas and mining transparency initiative facing crisis of relevance and legitimacy Oxfam How North Korea Funnels Cash Into the Country Bloomberg Indonesia's wealth managers bank on tax amnesty for take-off Reuters Nigeria's parliament orders tax payments from oil traders Reuters … [Read more...]
Finance Sector
A Leak in Paradise – screening of this extraordinary documentary film about Swiss whistleblower Ruedi Elmer
Ana Gomes (S&D) and Fabio De Masi (GUE/NGL) Members of the Intergroup on Integrity, Transparency, Corruption and Organised Crime (ITCO) invite you to the screening of - A LEAK IN PARADISE - … [Read more...]
National Competitiveness: a Dangerous Obsession
Highlighting a presentation by TJN's Director John Christensen at the Max Planck Institute in December, and a chapter in a new book by two TJN authors, on the same theme. First, Max Planck, which published the details yesterday: … [Read more...]
Links Feb 23
UN panel chief, Thabo Mbeki, urges action plans to tackle illicit financial flow from Africa UN News Centre Video: How to reform the global tax system Global Economic Governance Programme Wind of Change: IMF Chief Calls For New International Taxation System Sputnik International See also: … [Read more...]
Links Feb 22
Tax Dodging MNCs to Lose Assets in Australia Australia Network News New Zealand Consults Public On Automatic Exchange Of Info Tax-News India: Government notice to HSBC for abetting tax evasion Times of India See also: HSBC’s Swiss, Dubai units under lens for abetting tax evasion by Indians … [Read more...]
Links Feb 18
Breaking the vicious circles of illicit financial flows, conflict and insecurity Uncounted Fair taxes, fighting inequality essential for Peru Oxfam America Financial transparency - The biggest loophole of all: Having launched and led the battle against offshore tax evasion, America is now … [Read more...]
Links Feb 17
Ikea accused of evading over 1 billion in tax payments Global Alliance for Tax Justice Apple issues bonds worth estimated $12bn The Guardian "Move would allow the company to pay shareholders without having to repatriate any of $177bn it holds overseas at lower tax rates than in US". See also: … [Read more...]
HSBC: a very different relocation, tax haven to muckier tax haven
We've just written about HSBC's extensive lobbying effort to water down UK banking reforms by pretending it was planning to throw its toys out of the pram relocate its head office from London to Hong Kong if it didn't get what it wanted. But inside HSBC, a very real relocation is underway. Via … [Read more...]
HSBC opts to stay in ‘competitive’ London. (It was never going to leave anyway)
From the Fools' Gold blog, yesterday: There's been a lot of talk for a long time about a threat from globe-trotting HSBC to move its headquarters from London to Hong Kong. It seems there's been a resolution of the question for now, of sorts. As Bloomberg puts it: "HSBC Holdings Plc … [Read more...]
Links Feb 11
Mbeki Panel to meet with US Officials on illicit financial outflows from Africa United Nations Economic Commission for Africa Redistributing Unpaid Care Work – Why Tax Matters for Women’s Rights Institute of Development Studies The global impact of tax dodging - Are trillions stored in tax … [Read more...]
PwC: using ‘competitiveness’ as crowbar to lobby for mining cos
From Fools' Gold: Recently we wrote an article entitled The Ideologists of the Competitiveness Agenda, in which we fingered the Big Four firm of accountants as among the most important vectors for the general idea that countries simply have to 'compete' in certain ways: namely, to shower goodies … [Read more...]
Links Feb 10
Breakthrough for LuxLeaks investigation: EU commission releases secret documents Sven Giegold See also: Juncker Commission announces release of previously undisclosed tax documents Fabio de Masi (in German) EU may impose full tax transparency on US firms EU Observer SwissLeaks Scandal one … [Read more...]
KPMG: Professional Chameleons Or Independent Public Auditors And Regulators?
A new guest blog by Atul K. Shah, Senior Lecturer, Suffolk Business School, University Campus Suffolk, UK. This is based on a paper Shah first presented at a Tax Justice Network Research Workshop at City University in June 2015, and it follows a more focused piece last month calling for a probe … [Read more...]
The Finance Curse: Britain and the World Economy, new paper
We've pointed to a draft of this before, but here is the final published version, in the British Journal of Politics and International Relations, a paper by two TJNers and Duncan Wigan of the Copenhagen Business School. (It's also available here.) The abstract goes like this: The Global … [Read more...]
Links Feb 8
EU proposals will force multinationals to disclose tax arrangements The Guardian How to cut through the problem of multinationals’ tax dodging The Independent See also our report Ten Reasons to Defend the Corporate Income Tax Indonesian Tycoons Find Tax Haven in Singapore Fair … [Read more...]
