TJN Senior Adviser James S. Henry has an article in the latest edition of Foreign Affairs entitled Taxing Tax Havens: How to Respond to the Panama Papers. It makes the point, as we have, that the tax havens are about so much more than tax, and then adds that much of the wealth supposedly stashed in … [Read more...]
Inequality & Democracy
Links Apr 12
After ‘Panama Papers’ leak, UN expert calls for end of financial secrecy to halt illicit fund flows UN News Centre Panama Papers Shows Yet Again Why We Need An Intergovernmental Tax Commission In The UN Huffington Post Counting The Cost - Panama Papers: Inside The Shadowy World of Tax Havens … [Read more...]
Oxfam: the International Finance Corporation and tax havens – new report
Monday 11th April Oxfam has launched a new briefing on the IFC and tax havens. This briefing will also be presented and discussed at our event at the World Bank CSO forum on Friday 15th of April at 11 am-12.30 in Washington DC. … [Read more...]
Links Apr 8
The Panama Papers: Victims of Offshore ICIJ Video animation: "Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry. This is their story." The fallout from Panama Papers revelations so far, country … [Read more...]
Links Apr 7
The Panama Papers’ Sprawling Web of Corruption The New York Times Op Ed: "The papers chronicle a global industry developed to enable an international elite enriched by corrupt or illegal means to conceal its wealth and dealings from taxation, prosecution and public wrath." The Panama Papers … [Read more...]
Why Infantino’s claims he did nothing wrong are wrong
Cross-posted from our partner website The Offshore Game Infantino’s involvement in a dodgy deal over Champion’s league TV rights are no proof of corruption, but at a minimum they are proof that he is completely unfit to lead FIFA into a new era of transparency and accountability. … [Read more...]
Links Apr 5
Panama Papers: Hunting the pinstriped octopus hiding in offshore tax havens International Business Times By TJN director John Christensen Panama is only one head of the tax haven Hydra Financial Times (paywall) By TJN's Nicholas Shaxson, author of Treasure Islands #PanamaPapers - stories … [Read more...]
Links Apr 4
The Panama Papers: world reacts to huge offshore tax files leak - live The Guardian Panama Papers: Leaks spur global investigations BBC World figures deny wrongdoing as 'Panama Papers' turn spotlight on tax evasion Reuters The Panama Papers - Secrets of the Super Rich abc Panama Papers: … [Read more...]
The Panama papers – in case you missed it
The big offshore story of the moment is a new leak of 11 million documents from the Panama law firm Mossack Fonseca. The leak was originally to the German newspaper Süddeutsche Zeitung, was shared with the International Consortium of Investigative Journalists, and involves over 100 news … [Read more...]
Links Mar 31
Unfamiliar with irony, Swiss bankers are complaining of a “lack of transparency” Quartz New Zealand Foreign Trusts and the Unaoil Scandal: More Chickens Coming Home to Roost, and They’re Big naked capitalism See also: Mainstream Media Ignores Blockbuster Expose of Massive Bribery in Iraq by … [Read more...]
Links Mar 30
There’s A Huge New Corporate Corruption Scandal. Here’s Why Everyone Should Care HuffPost See also: The Bribe Factory The Age / HuffPost - "An extraordinary case of bribery and corruption in the oil industry, centred on Monaco-based company Unaoil". Canada Joins 21st Century Fight against Tax … [Read more...]
Links Mar 29
The gnomes of Zurich are silent no longer Financial Times "Past actions are catching up with some Swiss banking clients". On links between Brazil's Petrobras, Malaysia's 1MDB, Fifa, and Spanish political slush fund scandals... Swiss banks to cooperate in probe of Venezuela’s state oil and gas … [Read more...]
Links Mar 24
Financial Transparency Coalition Newsletter January - March 2016 Credit Suisse, the Jailed Banker and an Oligarch's Millions Bloomberg Swiss Banks Land in Middle of Money-Laundering Probe -- Again Bloomberg "U.S. said to seek banking records in widening Venezuela probe" OECD warns that … [Read more...]
Links Mar 23
How Much International Tax Evasion is There? naked capitalism $181 billion Indian black money in tax havens? The Times of India Head of joint OECD/UNDP Tax Inspectors Without Borders initiative appointed – James Karanja, of the Kenya Revenue Authority OECD For background, read our August … [Read more...]
Links Mar 21
HSBC’s Money Laundering Nightmare (2): Mossack Fonseca, a Year in Words and Pictures, March 2015-March 2016 naked capitalism Story involves Panama, Brazil, Moldova, Malta, New Zealand, Azerbaijan, Germany, Luxembourg, USA, Hong Kong ... Global tax enforcement puts Cayman in the crosshairs The … [Read more...]
