Just before the Brexit vote we quoted Adam Posen, President of the Peterson Institute for International Economics, about what might happen in a post-Brexit Britain: "If you’re anti-regulation fantasists to begin with, you start going down the path, ‘Oh we can become an even more offshore center. We … [Read more...]
Race to the Bottom
Links Jun 30
LuxLeaks: Luxembourg court condemned for guilty verdicts The Parliament See also: Grand dodgy - The good deeds of the Luxembourg leakers do not go unpunished The Economist, Campaigners condemn punishment of Luxleaks whistleblowers who acted in the public interest Global Alliance for Tax Justice, … [Read more...]
Brexit gets worse as London seeks to wriggle free from UK
Cross-posted from Fools' Gold. We have our own particular reasons for disliking Brexit - the recent decision by the UK to leave the European Union. In a pre-Brexit analysis we quoted Adam Posen, director of the Peterson Institute for International Economics, who articulated what is probably … [Read more...]
Links Jun 28
The Great Trump Tax Mysteries: Is He Hiding Loopholes, Errors, or Something More Serious? Vanity Fair By TJN's @nickshaxson, author of Treasure Islands: Tax Havens and the Men Who Stole the World Join a special "fanzone" in Paris for the match between multinationals and whistleblowers PFJ (In … [Read more...]
Kenya tax haven approaching: secrecy to be enforced with prison terms
We have for a while been sounding alarms about the emergence of (yet) another tax haven/secrecy jurisdiction in Kenya. A few months ago we quoted the newspaper African Arguments: “Anti-corruption campaigner John Githongo has warned that in this setting, the NIFC “would be like a financial crime … [Read more...]
Links Jun 23
Defending public services together! PSI "We need to ensure multinationals pay their fair share of tax and that governments use this revenue to drive public sector growth through investment in universal, quality public services" Opinion for the public hearing of the Finance Committee of the … [Read more...]
More unfair tax treaties may be renegotiated
This time it's Uganda. From Martin Hearson: "The government announced in its latest budget that it has finished formulating its new tax treaty policy, and will be renegotiating treaties that don't comply. Seatini and ActionAid Uganda will no doubt chalk this up as a success." In … [Read more...]
Links Jun 21
Call for papers on “Human Rights and Tax in an Unequal World” Global Alliance for Tax Justice LATINDADD's Reports on Extractive Industry and Tax Avoidance in Latin America via Eurodad June 2016 could be a crucial moment for whistleblowers’ protection Eurodad Still Racing Toward The Bottom? … [Read more...]
Links Jun 17
African Governments Should Harness Taxation Opportunities To Improve Investment In Children TJN - Africa The Panama Papers – what they mean and why they are important for Africa Financial Transparency Coalition India: Here's What PM Modi Can And Cannot Do About Offshore Black Money Huffington … [Read more...]
Links Jun 16
Why unfair tax treaties hold back developing countries The Guardian Mossack Fonseca worker arrested in Switzerland The Guardian "Employee is held on suspicion of ‘extracting confidential information’ from law firm at centre of Panama Papers". See also: Geneva Opens Criminal Probe After Mossack … [Read more...]
New paper: Taxing Multinational Enterprises as Unitary Firms
A new paper by TJN Senior Adviser Sol Picciotto, for the International Center for Tax and Development (ICTD). Summary: This paper explores the issues raised for international tax rules of explicitly treating multinational enterprises (MNEs) as single or unitary firms. It first briefly explains … [Read more...]
Links Jun 14
Experts rule out ‘end’ of fiscal secrecy Buenos Aires Herald Indonesia: Measuring Tax Amnesty Kompas See also recent blog Indonesia’s corrupt tax amnesty – how many will follow? The Panama Papers - Zimbabwe Must Not Waste This Opportunity allAfrica / New Zimbabwe Why Microsoft, With $100 … [Read more...]
Links Jun 13
The myth of the offshore ANCIR "African tax havens are frequently used as cogs in the wheels of corporate, criminal and political activities that desire legal and financial veils" Australian Taxation Officer recruits executives for new 'tax avoidance taskforce' hunting tax cheats, … [Read more...]
Links Jun 10
EU launches official one-year inquiry into Panama Papers scandal euronews Swiss Private Bankers demand tax breaks on criminal fines imposed for tax evasion offences swissinfo Illicit Financial Flows out of Africa (IFFoA) Database TrustAfrica See also: Corruption Stalls Zimbabwe’s Economic … [Read more...]
New Research Shows Millionaires Less Mobile than the Rest of Us
From Citizens for Tax Justice, a blog that's worth reproducing in full, as yet more useful ammunition to wheel out against those who keep banging on about tax cuts and so-called 'competitiveness.' New Research Shows Millionaires Less Mobile than the Rest of Us A new study (PDF) released today … [Read more...]
