Developing Countries Could Reap Trillions By Squashing Financial Secrecy, Paper Says Wall Street Journal 'Giant international companies receiving undue tax exemptions' IPPNews "Mega International companies operating in Tanzania, Zambia and Angola are receiving undue tax exemptions through … [Read more...]
Race to the Bottom
Links Sep 4
The trillion dollar scandal of financial secrecy Financial Times (paywall) Guest blog by By David McNair of the ONE Campaign. See also: ‘Web of corrupt activity’ costs poorest countries a trillion dollars a year The Guardian, and our blog yesterday The Trillion Dollar Scandal – ONE’s new report … [Read more...]
The nonsense of shareholder ownership
Neoliberals claim that shareholders are the owners of companies. This is nonsense, argues Austin Mitchell MP and Prem Sikka, Professor of Accounting, University of Essex in this joint paper published in Left Foot Forward. … [Read more...]
Links Sep 3
It Is Time To Unmask The Corrupt in Switzerland Transparency International Banks agonise over US tax evasion ‘guilt’ swissinfo Most Dutch banks are 'vague' about tax avoidance: fair banking report DutchNews.nl … [Read more...]
Links Sep 2
Africa trades billions in secret crude oil deals, experts warn The East African Energy Blog Expert Insight Into The World Of Offshore Company Incorporations Mondaq Some very interesting data and insights on offshore incorporations, from a report produced by one of the world's largest providers … [Read more...]
Links Sep 1
Australia: Project Wickenby identifies b in tax liabilities Australian Financial Review For background on Project Wickenby, Australia’s biggest tax sting, see here and here. Big banks stall on global tax evasion crackdown Australian Financial Review New Zealand Companies Office’s $612Mn … [Read more...]
Links Aug 29
Kenya votes to reintroduce capital gains tax Financial Times (paywall) "The move, which was approved by parliament this week but has yet to be signed into law by President Uhuru Kenyatta, will put Kenya in line with other top African economies" Expectations too high for Pakistan-Swiss talks … [Read more...]
Links Aug 28
Delivering Development After 2015 Center for American Progress "Mobilizing domestic resources is the main mechanism for achieving goals at the national level." G-20 Plans For World Without Tax Evasion Forbes Investors should address aggressive corporate tax planning Pensions & … [Read more...]
Links Aug 27
Africa losing revenue due to faulty treaties - tax experts The Star New UK anti-corruption rules unveiled for oil and mining companies Global Witness … [Read more...]
Shadow banking: why tax havens increase financial risks
From a 2013 paper by Thomas Rixen, another set of arguments why tax havens have helped generate financial risks. The paper itself argues that financial regulatory competition - core TJN fare - is much overlooked. He focuses on: "an aspect that has so far been under-analyzed in the … [Read more...]
Links Aug 26
German trust sues Swiss bank over vanished money from former Communist East Reuters Zimbabwe: The Hedge Fund and the Despot Bloomberg Businessweek Story involves offshore opaque dealings via a BVI shell company … [Read more...]
Links Aug 22
Developing nations need more than words from G20 tax reform The Conversation See also: G20 to press for 'rapid timeline' for exchange of tax information The Economic Times New Zealand Prime Minister John Key, the Whale Oil Blog, and International Organized Crime naked capitalism Story includes … [Read more...]
Links Aug 21
Can Taxing the Wealthy Strengthen Democracy? The Washington Post Ghanaian Government Asked To Tighten Up On Transfer Pricing Tax-News See TJN's Transfer Pricing page here. Cayman: Financial firm sues employee over client information leak Cayman News Service … [Read more...]
Links Aug 20
Swiss sanctions dilemma over Russia BBC Swiss Private Banks: Not a Pretty Picture Wall Street Journal … [Read more...]
Links Aug 19
“Tax is the Lifeblood of Democracy”: An Interview with John Christensen of the Tax Justice Network Spirit of Contradiction Australia: Miners in a royal spin over tax contribution The Sydney Morning Herald Pakistan: Our Swiss dilemma The News on Sunday Monaco $400 Million Penthouse Secrecy … [Read more...]
