By Rosie Sharpe, Money Laundering Campaigner at Global Witness. There’s been much progress recently in requiring companies to put the names of the people who own and control them – their so-called beneficial owners – into the public domain. This is really important to tackle the devastation … [Read more...]
Finance Sector
Links Dec 4
New Asia-Pacific taxation taskforce announced Accountants Daily Mauritius Overtakes Singapore as India’s Top Source of FDI India Briefing Putin Suggests Total Amnesty for Offshore Capital Returning to Russia Sputnik International EU Slows Macedonia Plan for Tax Haven Balkan Insight See … [Read more...]
Links Dec 3
India has Less Than 1% Info on Black Money, Lots More I Can Offer, Whistle-blower Herve Falciani to NDTV Nigerian Governor Akpabio Named In Shady Possession Of St-Kitts And Nevis Passport Sahara Reporters Several high profile African figures are "economic citizens" of tax havens Africa’s … [Read more...]
Links Dec 2
Open letter to the Heads of State and Ministers of Finance of the East African Community: Redouble efforts to end illicit financial flows and harmful tax incentives in the East African Community East Africa Tax & Governance Network (EATGN) Breaking bad habits: time for @amazonuk to face up … [Read more...]
European Parliament must set up a committee of inquiry on tax avoidance
In the wake of the "Luxembourg Leaks" scandal, more than 30 organisations from the Tax Justice Europe network have written to members of the European Parliament strongly supporting a proposal from Green MEPs to set up a stand-alone investigative committee of the European Parliament to tackle … [Read more...]
Links Dec 1
United Nations starts pounding pavement on the road to Addis Ababa Eurodad Today UK oil and mining transparency becomes reality. U.S. take note. Global Witness See also: U.K. Resources Companies Ordered to Disclose Government Payments Bloomberg The tax wars of Europe The Hindu Business … [Read more...]
Intermediaries survey – help shape our engagement with the professions
Read The Professions Issue of Tax Justice Focus here. Take part in the survey here. … [Read more...]
Links Nov 26
Leadership needed on tax fairness in Australia The Sydney Morning Herald Multinational tax cases headed for court, Australian Tax Office says Financial Review Microsoft to pay China $140 million for 'tax evasion' Reuters Calls for reform and a resignation over LuxLeaks ICIJ … [Read more...]
CEO: EU Commission gets advice on tax policies from #LuxLeaks tax dodgers
From the Corporate Observatory Europe, an important article entitled Commission gets advice on tax policies from LuxLeaks tax dodgers. It begins: "LuxLeaks documents recently revealed that the consultancy PricewaterhouseCoopers (PwC) has created questionable strategies enabling big businesses to … [Read more...]
Update: report on the OECD’s information exchange standard
A month ago we published a preliminary report entitled ‘The end of bank secrecy?’Bridging the gap to effective automatic information exchange, looking at the OECD's new system of automatic information exchange. We have now completed our final technical analysis of the report. It is not very … [Read more...]
Links Nov 25
China’s offshore empires go from help to headache Reuters "When is a Chinese company not Chinese? When it’s a complex web of offshore vehicles rooted in anonymous tax havens." Secret hoards in tax havens Kashmir Times "Goal of limiting tax havens by G20 leaders s unlikely to shed light on … [Read more...]
Links Nov 24
Doubt cast on Modi’s quest to find India’s black money overseas Financial Times (paywall) " ... now he is in power Mr Modi is discovering that unearthing illicit funds stashed in Switzerland, Liechtenstein or other tax havens will be a long, tough slog that is unlikely to yield windfall … [Read more...]
Not In My Name: remarkable, rare voices of remorse and mortification in Luxembourg
We have often remarked on how easy it is for financial services interests to "capture" small tax havens or secrecy jurisdictions. It's a common pattern and a woefully under-studied phenomenon where the capture by global offshore finance extends beyond the policy-making apparatus … [Read more...]
Le Prix à Payer – The Price we Pay – screenings in Paris
Harold Crooks' new documentary on how tax dodging and tax havens imperil democracy will have its first European cinema release in France in January 2015. Ahead of the release, the French distributors are arranging special screenings in Paris in mid-December 2014. Full details are here: … [Read more...]
Links Nov 21
FATCA: Are Transnational Criminal Networks Influencing US Policy? Huffington Post Mauritius Emerges As Biggest Investor In India InSerbia News Anti-corruption bar set higher, but Australia still has more to do The Conversation Taxing mines is a daunting task Zambia Daily Mail … [Read more...]
