It is a fact that the trust laws of some tax havens openly promote illegality. The reality that some tax havens will not enforce foreign laws (e.g. ensuring non-recognition of foreign laws and judgements that favoured legitimate heirs and former spouses) is even publicly advertised by some offshore … [Read more...]
Race to the Bottom
Links Feb 10
New recommendations to help investors engage on tax UN Principles for Responsible Investment (PRI) Banks take bigger role in Latin America fight against tax evasion Reuters New Zealand, a haven for global billionaires to park their money, has a murky trust issue Bloomberg Panama Papers: Mossack … [Read more...]
Links Feb 8
Global investment flowing through tax havens grows by 0bn Public Finance International Luxembourg expects more companies to leave over tax scrutiny Financial Times "Finance minister expects some international groups to follow lead set by McDonald’s" 'Appealing Apple tax decision a mistake' - … [Read more...]
Brexit Britain: what does the public think about tax haven plans?
In January 2017 Britain's finance minister Philip Hammond and prime minister Theresa May signalled that Britain could deepen its role as a tax haven if it left the European Single Market post-Brexit. … [Read more...]
Links Feb 3
U.S. Congress votes for corruption by overturning historic transparency law in gift to big oil Global Witness See also: U.S. Congress Votes to Kill Anti-Corruption Safeguard FACT Coalition, and Oxfam condemns Senate’s shameful gutting of bipartisan anti-corruption rule, Section 1504 Oxfam … [Read more...]
Links Feb 1
Cutting company tax won't drive investment: Australia Institute Camden Haven Courier UK ‘can’t afford tax cuts to attract more firms after Brexit’ The Telegraph See our recent blog Tax haven UK? It already is… The Irish model: How low should taxes go? BBC News See also our recent blog: Is tax … [Read more...]
Links Jan 30
EU Committee on Economic and Monetary Affairs - Committee of Inquiry to investigate alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and tax evasion Live stream 31 Jan at 9.30am (Brussels time) Africa: Accelerated Agenda on … [Read more...]
Links Jan 27
What a #fightinequality week it has been… Global Alliance for Tax Justice Canada Papers investigation: joint investigation by CBC/Radio-Canada and the Toronto Star: Snow washing: Canada is the world’s newest tax haven - Part 1 How a Quebec company hid millions from tax collectors - Part … [Read more...]
Is tax avoidance at the heart of Ireland’s economic miracle?
Coming out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland's tax haven status? A new paper by Heike Joebges … [Read more...]
Tax haven UK? It already is…
There has been much talk of the threats from the British Chancellor to turn the UK into a full-blown tax haven post-Brexit if the European Union doesn't give it a good trade deal. We discussed 'Brexit threats' in our January podcast. Now our Director Alex Cobham has written an article for Politico … [Read more...]
Links Jan 23
European Parliament's new hearing on Panama Papers: lawyers, accountants and bankers Global Alliance for Tax Justice Ecuador and NGOs' plea for a Global Tax Body Global Alliance for Tax Justice Aid in reverse: how poor countries develop rich countries The Guardian … [Read more...]
Tax justice and public contracts, Brexit threats, criminal dodges and crackdowns in our January 2017 podcast
In this month's Taxcast, our monthly podcast: we look at tax justice and public procurement - the efforts to hit tax dodging companies where it really hurts on a local level – trying to stop them bidding for public money for public contracts. Also: how massive amounts of money are flowing … [Read more...]
Links Jan 19
Fight Inequality week of action is live - together we are stronger Global Alliance for Tax Justice See also: The scourge of inequality: There can be no peace or freedom while it persists An Economy for the 99%: It?s time to build a human economy that benefits everyone, not just the privileged few … [Read more...]
The real losers of the UK becoming a tax haven
For months the public and governments around the world have been totally mystified at the lack of any plan coming from the UK government on how it intends to extract itself from the European Union following the Brexit referendum in June 2016. On Sunday the British Chancellor of the Exchequer … [Read more...]
Links Jan 10
Tax Avoidance, Illicit Financial Flows, and Global Development: A Call for a United Nations Tax Body Global Alliance for Tax Justice Event in Washington DC on 12 January Eva Joly's op-ed on French Country-by=Country Reporting Global Alliance for Tax Justice The 24 loopholes in the OECD's Common … [Read more...]
