This four-part podcast special series is well worth a listen. It's called My Mother's Murder, an investigation into the assassination of Daphne Caruana Galizia. It is narrated by one of her sons Paul Caruana Galizia. Here's part of the description of the podcast series: Daphne investigated … [Read more...]
Finance Sector
Videos: Touring London, the capital of secrecy
After three and a half years of acrimony, Brexit will become a reality in just a few days time. January 31st will be a historic moment, for both Europe and the United Kingdom, marked by jubilant celebrations in some circles and profound misgivings in others. One very small but extremely powerful … [Read more...]
Let’s shrink the City of London finance sector, for prosperity’s sake
This week journalist and Tax Justice Network writer Nicholas Shaxson sounded the alarm in Britain's Guardian newspaper about plans for a “Singapore-on-the-Thames” economic model, a tax haven strategy, after Brexit: The strategy to win the great global race to attract financial capital by … [Read more...]
Taxing wealth – how to triumph over injustice: Tax Justice Network October 2019 podcast
In this month's episode we speak to Gabriel Zucman about his new book with co-author Emmanuel Saez - The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay. Plus, as Extinction Rebellion holds protests around the world over the climate emergency, we point the finger at the … [Read more...]
Twenty reasons to shrink your financial centre
(Cross-posted with financecurse.net) The Finance Curse is a concept first developed by the Tax Justice Network. It is a relatively simple idea -- and also an original and powerful multi-level critique of the modern global economy. The core message is "too much finance can make a country … [Read more...]
Transforming local economies: the Preston Model – a Taxcast special edition, May 2019
In this special extended edition of the May 2019 Taxcast we go to Preston in the North of England to see the Preston Model in action and how they're transforming their local economy and democratising wealth. Also: we discuss dark money and the European elections - the elite interests aligning … [Read more...]
Rising inequality and dysfunction in the tax haven of Jersey: a Taxcast special edition
In this special extended edition of the April 2019 Taxcast, broadcast from the tax haven of Jersey: we explore Jersey's poor showing in the OECD's Better Life Index and ask why Jersey's spending so much money on improving its bad image instead of setting up public registers of beneficial … [Read more...]
‘The Magic Money Tree:’ From Modern Monetary Theory to Modern Tax Theory
by John Christensen and Nicholas Shaxson Modern Monetary Theory (MMT) has gained prominence since the global financial crisis. The rising star US politician Alexandria Ocasio-Cortez said recently we should be “open” to its ideas, and some mainstream economists have given it a (qualified) … [Read more...]
The #LuxLeaks corporate tax deals – still no investigation? Plus financialisation of ‘aid’ in the Tax Justice Network February 2019 podcast
In Edition 86 of the February 2019 Tax Justice Network’s monthly podcast/radio show, the Taxcast (available on iTunes, Stitcher, Spotify and other podcast platforms): why hasn't the European Commission investigated any of the secret tax deals that were exposed by the LuxLeaks whistleblowers … [Read more...]
Hey EU Council! think again on whistleblower protection
The Tax Justice Network is a signatory to the following letter, sent this morning to the EU Council. We argue that the proposed EU Directive on the protection of whistleblowers does not adequately protect public interest, and will inhibit whistleblowers from revealing information about employers … [Read more...]
How Brexit may deepen the Finance Curse
The evidence is now incontrovertible that finance-dependent countries like Britain are suffering from a bad case of the finance curse. The simplest proposition here is that countries with little financial sector development need more finance, but only up to a certain optimal point, after which … [Read more...]
Financial crime is a feature of our global financial system, not a bug: pioneering economist Susan Strange
We're sharing, with kind permission, the following article written by journalist Nat Dyer for independent global media platform Open Democracy. The global financial crime wave is no accident Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange … [Read more...]
Desperate marketing: Jersey Finance trolls The Spider’s Web film
Viewers of Michael Oswald's seminal film on Britain's tax haven empire have been bemused in recent days by a pop-up ad put out by Jersey Finance, the finance industry lobby in tax haven Jersey. The ad, running under the title 'Reality Check - Dispelling the Tax Haven Myth', plays the usual tax … [Read more...]
The Finance Curse and the £4.5 trillion hit to the UK economy
The Finance Curse, a concept first developed by John Christensen and Nicholas Shaxson for TJN, is now the subject of a Long Read article in The Guardian. The article mentions a new study by Andrew Baker of the University of Sheffield, Gerald Epstein of the University of Massachusetts Amherst, and … [Read more...]
Lifting the Veil on Capital Flight and Tax Havens in Africa
Cross-posted from Review of the African Political Economy with kind permission from the author, Nataliya Mykhalchenko Odd-Helge Fjeldstad, Sigrid Klæboe Jacobsen, Peter Henriksen Ringstad, Honest Prosper Ngowi Lifting the veil of secrecy: Perspectives on international taxation and capital flight … [Read more...]
