U.S. Senate's top tax lawmaker targets corporate offshore profits Reuters Battling Apple and the Giants naked capitalism Pakistan Supreme Court clears way for hearing on Panama Papers Gulf News Europe calls on journalists' Panama Papers expertise ICIJ See also: Panama Papers: European parliament … [Read more...]
Finance Sector
UN report recommends: go after tax havens, and protect whistleblowers
From the United Nations General Assembly, the fifth report of the Independent Expert on the promotion of a democratic and equitable international order. The summary goes like this: "The report focuses on impacts of taxation on human rights and explores the challenges posed to the international … [Read more...]
Links Sep 23
Looted funds: Nigeria Labour Congress threatens protest in Switzerland Today "I think we must have a national day to demand for tax justice" Legislators introduce bill to shed more light on US multinationals Financial Transparency Coalition See also: U.S. Bill to require country-by-country … [Read more...]
Links Sep 22
Ecuador steps up campaign for a UN #Globaltaxbody Global Alliance for Tax Justice How to hide it: inside the secret world of wealth managers The Guardian "They know more about their clients than the clients’ own wives. They are loyal in the face of appalling behaviour. They are the brains behind … [Read more...]
Links Sep 16
Al Jazeera Investigates: Stealing Paradise Al Jazeera’s Investigative Unit has uncovered corruption in the Maldives. Secretly filmed interviews describe how men on mopeds carried millions in cash to the Maldives’ political elite. Gender & Tax, from a union perspective Global Alliance for Tax … [Read more...]
Links Sep 14
An Intergovernmental UN Tax Body – why we need it and how we can get it Eurodad Taking action for tax justice at World Social Forum 2016 Global Alliance for Tax Justice New report reveals the "dark side" of European Investment Bank funds: How the EU's bank supports non-transparent investment … [Read more...]
Quote of the day – tax crimes and traffic offences
From Michael West, an Australian tax journalist: "In Australia, Part 4a of the Tax Act deems that the principal purpose of a transaction should be commercial (rather than tax driven). In light of the proliferation of tax haven activities by Australian companies this law, Part 4a, must be the most … [Read more...]
Why reregulation after the crisis is feeble: Shadow banking, offshore financial centers, and jurisdictional ‘competition’
Prof. Thomas Rixen, who has written a lot about tax 'competition' (aka tax wars) in the past, has a new article looking at similar dynamics in the area of financial regulation. Entitled Why reregulation after the crisis is feeble: Shadow banking, offshore financial centers, and jurisdictional … [Read more...]
Links Aug 19
How the multinationals do it ABC On multinationals, the Big 4 & tax havens. Interview includes TJN's Nicholas Shaxson, author of Treasure Islands: Tax Havens and the Men Who Stole the World. World's Biggest Corporations Won't Pay Taxes at the Olympics telesur Brazil will lose about a … [Read more...]
Will the British government target tax dodging enablers at last?
There has been much talk in Britain of new government proposals that tax advisors giving advice on tax avoidance could face large fines of up to 100% of the tax lost if their schemes are defeated in courts. We warmly welcome the principle of the thing: these players have been getting away with … [Read more...]
Why the Swiss case against whistleblower Elmer may hurt the bankers
Rudolf Elmer, the Cayman-based Swiss whistleblower who went to prison after spilling secrets relating to the Swiss bank Julius Baer, has long been victimised not only by the Swiss banking establishment, and Switzerland's courts (which as we've extensively documented, seem to have played fast and … [Read more...]
Links Aug 16
Indonesia plans tax haven on two islands near Singapore The Straits Times See also: Tax Haven in Indonesia? Corporate Income Tax Indonesia Slashed? Indonesia Investments, and Read about Tax Wars here Some shell companies sidestep new UK transparency rules Reuters Scotland formally calls on … [Read more...]
Links Aug 12
Small but not too beautiful: Europe’s micro-countries may be places where people are up to no good, but so are bigger ones The Economist New Zealand Foreign Trusts: the Scandals, the Reforms, and Some Throat-Clearing From the EU naked capitalism Joseph E. Stiglitz and Mark Pieth: Why We Left … [Read more...]
Links Aug 10
World Social Forum 2016 - Tax Justice and Fight against Poverty World Social Forum 2016 - Women & Girls, Equality & Tax Justice World Social Forum 2016 - Disarm finance and achieve tax justice World Social Forum 2016 - Tax Justice & Human Rights Forum World Social Forum 2016 … [Read more...]
Links Aug 8
Experts Quit Panama's Transparency Committee Over Lack of Transparency ICIJ Developing Nations Seek Tax Body to Curb Illicit Financial Flows Inter Press Service DRC’s largest mine was just sold. And DRC got nothing. Oxfam: The Politics of Poverty How PWYP-Indonesia is Turning Extractives … [Read more...]
