From Good Jobs First in the U.S., a new study looking at the many and varied grants, tax credits and subsidies harvested by large companies. (Also see our Taxcast interview of Greg Leroy, along with an interview with Kevin Farnsworth, who has done similar work on corporate welfare for the … [Read more...]
Race to the Bottom
Small countries, big banks: is Andorra the new Cyprus?
Our quote of the day comes from the introductory paragraph of a Reuters story: "With Andorra now added to the list, how many more examples do we need to see the folly of combining a small country with a large banking system?" That's our quote of the day. The lead angle of the story is one of … [Read more...]
Links Mar 16
Special committee on tax dumping in the EU has started Sven Giegold Africa’s top billionaire uses Malta shell companies to hold diamonds ‘conflict’ Malta Today "Daughter of Angola’s president, Isabel dos Santos, uses Malta shell companies to hold her major interests in state-owned diamonds, … [Read more...]
Links Mar 13
The Passport King: Christian Kalin's business is showing poor countries they have at least one resource worth selling: citizenship. Bloomberg What Directives Were Given To HSBC Staff? Financial Times (paywall) HSBC's Swiss private bank: French prosecutor formally requests trial The … [Read more...]
City of London helps UK ‘betray’ US again: this time it’s over China
A year ago today's TJN blogger wrote an article for The American Interest magazine entitled Putin, the U.S. and the City of London: The Much-Too-Special-Relationship. It made the bold statement: “The truth is that the City of London is a greater potential threat to the national security of the … [Read more...]
Quote of the day: the Irish template for corporate bullying
Yesterday, we re-posted a blog about the Irish Celtic Tiger myth from the Fool's Gold site to the Naked Capitalism blog. The blog seeks to debunk the myth that tax "competition" was crucial to Ireland's development in the 1980s and 1990s. … [Read more...]
Links Mar 11
The Levin Center is official -- at the Wayne State University School of Law Detroit Free Press Levin himself will teach classes, beginning this fall with a course on tax policy, its effects on society and, as Levin put it, "how tax avoidance activities have punched a hole in our income tax … [Read more...]
Links Mar 10
Tax secrets of little Luxembourg CNBC U.K. Lawmakers Call Former HSBC Private Bank CEO 'Incompetent' Bloomberg European Parliament's inquiry committee on #LuxLeaks is taking shape European Voice Tipping the balance: new global corporate law Lawyers for Better Business (L4BB) Blog A call … [Read more...]
Links Mar 9
View from abroad: New development paradigm DAWN.com "Yes, finally after years of beating around the bush, global attention is turning to tackling tax evasion, by companies and individuals. The question will be high up on the agenda of the third International Conference on Financing for Development … [Read more...]
Links Mar 5
U.S. Companies Are Stashing .1 Trillion Overseas to Avoid Taxes Bloomberg See also: Despite FATCA, U.S. Companies Stash $2.1 Trillion Abroad---Untaxed Forbes Foreign Tax Surprises Like Disney’s Have SEC Seeking Sunlight Bloomberg Imagination at Work? GE Once Again Pays Less Than 1% in … [Read more...]
Links Mar 4
ECLAC Economic Commission for Latin America and the Caribbean : Political Will and Productive and Fiscal Reforms Are Key to Fighting Inequality, Experts Agree at ECLAC 4-Traders Recent posts by The BEPS Monitoring Group (BMG): BMG: Presentation at the Regional Meeting for Latin America and … [Read more...]
Links Mar 3
India doubles coal tax to promote renewables businessGreen Black money: Luxembourg offers to send financial experts team to India IBNLive Tax-dodgers are 'not acceptable': Luxembourg Finance Minister CNBC Barclays in Luxembourg: £593m profits, £4m tax, report reveals The … [Read more...]
Links Mar 2
Tax evasion: Leaks on tap The Economist Cites TJN and our report identifying more than 30 loopholes and exemptions in the OECD's Common Reporting Standard (CRS). Tax Power Campaign Africa Coordinator - Job Opportunity with ActionAid The Looting Machine: Warlords, tycoons, smugglers and the … [Read more...]
Links Feb 26
European Parliament tax evasion investigation kicks off; proper inquiry must be swiftly ramped-up Sven Giegold Indonesia to crack down on corporate tax avoidance via transfer pricing Reuters Zambia: Why discrepancies in our copper trade records? Zambia Daily Mail "... we cannot easily … [Read more...]
Links Feb 25
Unhappy Meal: €1 Billion in Tax Avoidance on the Menu at McDonald's War on Want HSBC bosses grilled over Swiss tax scandal - live updates The Guardian Abusive Tax Avoidance and Institutional Corruption: The Responsibilities of Tax Professionals Social Science Research Network Hat tip: … [Read more...]
