From the Fools' Gold blog, yesterday: There's been a lot of talk for a long time about a threat from globe-trotting HSBC to move its headquarters from London to Hong Kong. It seems there's been a resolution of the question for now, of sorts. As Bloomberg puts it: "HSBC Holdings Plc … [Read more...]
Race to the Bottom
Links Feb 11
Mbeki Panel to meet with US Officials on illicit financial outflows from Africa United Nations Economic Commission for Africa Redistributing Unpaid Care Work – Why Tax Matters for Women’s Rights Institute of Development Studies The global impact of tax dodging - Are trillions stored in tax … [Read more...]
Links Feb 10
Breakthrough for LuxLeaks investigation: EU commission releases secret documents Sven Giegold See also: Juncker Commission announces release of previously undisclosed tax documents Fabio de Masi (in German) EU may impose full tax transparency on US firms EU Observer SwissLeaks Scandal one … [Read more...]
The Finance Curse: Britain and the World Economy, new paper
We've pointed to a draft of this before, but here is the final published version, in the British Journal of Politics and International Relations, a paper by two TJNers and Duncan Wigan of the Copenhagen Business School. (It's also available here.) The abstract goes like this: The Global … [Read more...]
Links Feb 8
EU proposals will force multinationals to disclose tax arrangements The Guardian How to cut through the problem of multinationals’ tax dodging The Independent See also our report Ten Reasons to Defend the Corporate Income Tax Indonesian Tycoons Find Tax Haven in Singapore Fair … [Read more...]
Links Feb 5
The North Korean Connection Finance Uncovered Investigation reveals links between a North Korea bank and US Defense industry via an offshore trust, with links through Luxembourg, Cayman, Jersey. Getting to Good - Towards Responsible Corporate Tax Behaviour ActionAid Swiss bank Julius Baer … [Read more...]
Links Feb 2
2016: Africa’s Year Of Grave Concern TJN-Africa Blog Slash taxes by half, say North Sea oil companies The Telegraph See recent blog Do not listen to Big Oil’s whining for tax cuts Swiss seek Malaysian help probing $4 billion financial scandal The Telegraph The New Global Tax Shelter Is … [Read more...]
Links Feb 1
Book launch: Inequality, uncounted By TJN's research director Alex Cobham Malawi: ActionAid urges UK to rethink colonial-era tax deal which slashes money for health care and education The Independent Ecuador parliament debates law to prevent tax evasion on gains from bequests STEP "The main … [Read more...]
Links Jan 28
The movement to end tax havens is already 100,000 strong and growing Oxfam Eurodad: European Commission’s Anti Tax Avoidance Package will not stop multinationals dodging taxes See also Eurodad's Briefing: An analysis of the European Commission’s Anti-Tax Avoidance Package, and EU clamps down on … [Read more...]
Links Jan 26
Accounting experts seek independent probe into KPMG’s audit of HBOS Financial Times. Involving a number of TJNers or friends of TJN. Australia: Big business accused of using 'straw man' arguments against tax avoidance crackdown The Guardian Political commentator: 'Tax havens won't last … [Read more...]
Google’s taxes and the economic illiteracy of the Mayor of London
No, not the Lord Mayor of London, but the Mayor of London, a certain Boris Johnson, who's frequently tipped to be Britain's next Prime Minister. Given that Britain is arguably the most important player in the global offshore system, this man's opinions deserve close scrutiny. The topic at hand is … [Read more...]
Links Jan 25
Google £130m UK back-tax deal lambasted as ‘derisory’ by expert The Guardian Cites TJN Senior Adviser Prem Sikka. See also Prem's report Some Questions about Google’s UK Tax Settlement of £130 million, also MPs attack deal to let Google to pay 'relatively trivial' £130m back taxes The Guardian, … [Read more...]
Links Jan 22
Governments need to get out of their “cosy bed” with business, says Oxfam chief euronews Apple Steps Up Lobbying Efforts Against European Tax Probe Bloomberg Cites TJN's research director Alex Cobham Ireland: State may not get any Apple tax haul The Irish Examiner Number of Offshore IPOs … [Read more...]
Links Jan 21
Revenue foregone through tax treaties in context Martin Hearson's Blog Read more on Tax Treaties here. MEPs want companies tax dodges repaid into EU budget euobserver See also: MEPs Say State Aid Probe 'Windfall' Should Be Divvied Up Tax-News Greater tax transparency: Interview with … [Read more...]
Links Jan 19
How Shell, Total and Eni benefit from tax breaks in Nigeria's gas industry Stop Switzerland Selling Secrecy, Christian Aid Urges Davos Delegates The Cayman Islands – home to 100,000 companies and the £8.50 packet of fish fingers The Guardian The ideologists of the Competitiveness … [Read more...]
