G7 fails to stop the dirty money trail, tax evasion The Sydney Morning Herald World Bank wants to stop anonymous firms winning contracts Thomson Reuters Corruption watchdog says UK blocked just 7 suspect deals in year Financial Times (paywall) Pakistan: ‘Access Interpol to bring back $97 … [Read more...]
Finance Sector
In memoriam: FIFA’s stench kills free speech in Cayman
More fallout from the toxic FIFA scandal (see here, here and here). … [Read more...]
Links Jun 9
Gender and tax justice Open Democracy An article from the Tax Justice Focus: the Gender Edition New Oxfam report: ‘Africa: Rising for the few’ Global Alliance for Tax Justice U.S. Tax Informant Dodged Prison, Now Seeks $22 Million Reward Bloomberg BVI gives UK non-doms four more months to … [Read more...]
Luxembourg: the campaign on corporate tax has only just begun
From Eurodad: a wonderful sign that people are starting to gear up to challenge the many corporate tax abuses run out of secrecy jurisdictions like the European Dodgy Duchy of Luxembourg. … [Read more...]
Links Jun 8
End transnationals' 2 billion tax dodge on poorest countries The Ecologist Legal but secret: the story of tax rulings Europarl TV See also: Eurodad: Statement to the European Parliament’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect Blowing the whistle on … [Read more...]
Links Jun 5
Tax haven: Belgium to blacklist Luxembourg Luxemburger Wort Belgium targets £390m in unpaid tax as HSBC considers job cuts The Guardian How the Cayman Islands Became a FIFA Power The New York Times See also: A U.S. Tax Investigation Snowballed to Stun the Soccer World The New … [Read more...]
Did KPMG spot anything amiss at FIFA?
From Francine McKenna: "Of all the individuals and firms tied up in the scandal over bribery and corruption at FIFA, scrutiny has so far largely escaped KPMG, the soccer association’s external auditor." That's the summary, and our quote of the day. The article continues: … [Read more...]
Links Jun 3
Support-antoine.org - newsletter: We support Antoine Deltour, the whistleblower of the Luxleaks revelations! Your can donate to the Support Committee for Antoine Deltour here. Luxleaks whistle-blower Deltour wins broad support in European Parliament European Parliament News Luxleaks … [Read more...]
Links May 29
How to tackle tax evasion and tax avoidance? The case for tax transparency to contain and end tax wars Presentation by TJN's Markus Meinzer at the ALDE seminar: How to tackle tax evasion and tax avoidance? Paving the way for fair tax competition in Europe. Reflecting on Progressive Realisation … [Read more...]
Links May 22
Special Report - Britain's home-grown tax haven Reuters Costa Rican bill would allow tax authority to seize assets without court order STEP See the article in Spanish here. Swiss Bankers Respond To Privacy Initiative Tax-News … [Read more...]
Justice, interrupted: will bankers get off the hook ever more lightly?
Two Economist blogs in a row: this time we've a fine excuse because their image comes from our TJN Senior Adviser, Jim Henry, who presented this data at the TJN-supported Illicit Financial Journalism Programme in London last week, and gave a preview last February in our Taxcast (see below): "just … [Read more...]
Economist: why it’s time to stop making debt tax-deductible
We've said this before, and we may have felt radical saying it at the time - but now it's The Economist saying it. It has an article entitled and subtitled A senseless subsidy: Most Western economies sweeten the cost of borrowing. That is a bad idea. Quite so. And the potential rewards it … [Read more...]
Links May 21
Alan Rusbridger: press can't afford to cover corruption and tax avoidance The Guardian "Guardian editor-in-chief says newspapers retain the power to hold companies to account, but their declining fortunes are making it difficult" Lux Leaks Scandal. Juncker Gets A Step Closer to Hot Seat … [Read more...]
Farewell, Margaret Hodge
Margaret Hodge, the fiery head of the UK's Public Accounts Committee, has been hauling the bosses of large multinational corporations over the coals for their egregious abuses of the UK tax system. Now, post-election, she is stepping down. Many tax professionals in the UK dislike, hate, or even … [Read more...]
The Price We Pay – London premiere on 19th June 2015
Harold Crooks' (The Corporation, Surviving Progress) searing documentary indictment of offshore finance gets it UK premiere at the Open City Documentary Festival in London on 19th June, and will also be screened the following week at TJN's discussion workshop at City University. … [Read more...]
