The Canadian Center for Policy Alternatives has just published a new study entitled Do Corporate Income Tax Rate Reductions Accelerate Growth? It summarises: "This study examines the relationship between the Canadian corporate income tax (CIT) regime and various dimensions of economic growth. The … [Read more...]
Finance Sector
John Christensen on rocking the boat in Jersey
In this blog, first published in the Whistleblower Edition of Tax Justice Focus (available here), TJN's director John Christensen, a former Economic Adviser to the island of Jersey, reflects on his experience of exposing a banking scandal, which involved him in a direct confrontation with senior … [Read more...]
Survey: corruption rife among accountants.
From Accountancy Age in the UK: "The research - by global job board CareersinAudit.com - quizzed 1696 accountants around the planet, including 400 in the UK, showed that 48% had either been pressurised (or knew of someone that had) by a manager or partner to ignore an adjustment that should have … [Read more...]
The private banking fairy tale: a whistleblower’s story
This article was originally published in the Whistleblower Edition of Tax Justice Focus (November 2015) Whistleblowing by finance professionals has begun to make significant inroads into the sector’s culture of secrecy and collusion. Here UBS whistleblower Stéphanie Gibaud describes the costs to … [Read more...]
How the U.S.A. became a secrecy jurisdiction
This month we published our fourth Financial Secrecy Index (FSI), complete with a series of reports about each of the biggest tax havens and secrecy jurisdictions, looking into the political and economic histories of how and why they went offshore, who was involved, and where the bodies are … [Read more...]
Links Nov 26
An uneven playing field: inequality, human rights and taxation inesc "The Latin American experience shows that progressive tax systems are crucial to reducing inequality." EU lawmakers step up pressure to tackle tax dodging Reuters See also: EP tax investigation: EP president Schulz blocking … [Read more...]
Reporting a crime is not a crime
UPDATE: Since publishing this blog on 26th November 2015 the Swiss Federal Court in Bellinzona has sentenced HSBC whistleblower Herve Falciani to five years in prison. Mr Falciani, who was tried in absentia, was charged with data theft, industrial espionage and violation of Swiss banking secrecy … [Read more...]
Links Nov 25
European Parliament tax investigation: Special committee extension blocked to protect Juncker and Dijsselbloem Sven Giegold Special Report: Greek shipowners talk up their role to protect tax breaks Reuters Wanted: central bank boss to fix 1,700-year-old European tax haven Reuters So Pfizer … [Read more...]
Links Nov 24
Tackling tax across borders Public Finance International Mozambique PM rues Africa tax collection crisis Star Africa India: Are shell companies behind the over-estimation of GDP? LiveMint Bob Jessop: an historical approach to national competitiveness Fools' Gold - rethinking … [Read more...]
Tax Justice Focus – The Whistleblower edition
The latest edition of our newsletter Tax Justice Focus, with a special focus on whistleblowers, is now available for download here. Guest edited by Mary Alice Young of the University of the West of England, this edition is both an exploration of the difficulties confronting people who want to … [Read more...]
Links Nov 19
Crackdown on Caribbean tax havens a surprise boon for Hong Kong South China Morning Post Why we need public country by country reporting Global Alliance for Tax Justice UN Principles for Responsible Investment: Engagement guidance on corporate tax responsibility Investor Brief on Tax … [Read more...]
Links Nov 18
”Global citizenship is essentially a branding exercise” and passport shopping is big business Quartz Fascinating piece on citizenship-for-sale, and speaking on the tax issues Getting to Good – towards responsible corporate tax behaviour Discussion paper by Christian Aid, ActionAid and … [Read more...]
Links Nov 17
Tough debate with multinational companies on corporate tax practices European Parliament News Facebook, Google Quizzed by EU Lawmakers on Dutch Sandwich Deals Bloomberg UK sets out beneficial ownership register demands on territories STEP The demands stop short of a public central … [Read more...]
Links Nov 16
World leaders agree to close multinationals' tax loopholes Yahoo News But measures are not yet enough. See: Still Broken: major new report on global corporate tax cheating TJN Africa’s challenge to “loophole-ridden” Kenya-Mauritius tax agreement to be heard in Kenya High Court MNE … [Read more...]
Links Nov 13
ECOSOC published a shocking report indicating that national governments lose billions in uncollected global corporate income tax revenues each year. New Europe Zimbabwe Revenue Authority Opposes Tax Incentives The Herald Two states ordered to recover unpaid corporation tax The Irish … [Read more...]
