Withdrawal Symptoms: Why tax cuts aren't the best way to incentivise work The Equality Trust Global elite continues to make billions from rigged economic system, Forbes rich list shows Oxfam America How curious $3.3 million tax holiday to Shell, Total, Eni, is killing Nigerians – Report … [Read more...]
Secrecy
Links Feb 29
Tackle Tax Evasion to Fuel Africa's Development allAfrica / The Point (Banjul) Bangladesh: MNCs abuse relaxed taxation to deprive government of crucial revenue Dhaka Tribune India To Introduce Patent Box Regime, Country-by-Country Reporting Tax-News Pakistan: Government can negotiate with … [Read more...]
Links Feb 26
We're letting oil, gas and minerals firms off far too lightly on tax The Guardian See also: EITI: Just a whitewash mechanism for extractive companies? (in Spanish) TJN Latin America & Caribbean Questions on Panama company and New Zealand trust set-up for Malta's energy minister Malta … [Read more...]
Links Feb 25
Oil, gas and mining transparency initiative facing crisis of relevance and legitimacy Oxfam How North Korea Funnels Cash Into the Country Bloomberg Indonesia's wealth managers bank on tax amnesty for take-off Reuters Nigeria's parliament orders tax payments from oil traders Reuters … [Read more...]
Australia passes new information sharing provision
The Australian Senate has just passed the Bill that will tie Australia into the new global system of tax authorities sharing information with each other automatically. Unfortunately, this system, set up through the OECD, currently had not allowed full participation by developing countries. With … [Read more...]
Links Feb 23
UN panel chief, Thabo Mbeki, urges action plans to tackle illicit financial flow from Africa UN News Centre Video: How to reform the global tax system Global Economic Governance Programme Wind of Change: IMF Chief Calls For New International Taxation System Sputnik International See also: … [Read more...]
Links Feb 22
Tax Dodging MNCs to Lose Assets in Australia Australia Network News New Zealand Consults Public On Automatic Exchange Of Info Tax-News India: Government notice to HSBC for abetting tax evasion Times of India See also: HSBC’s Swiss, Dubai units under lens for abetting tax evasion by Indians … [Read more...]
Apply withholding taxes to tackle tax haven USA
We get a nice name check in an article in this week's Economist, which goes after a subject we've been particularly exercised about for some time: Tax Haven USA. It cites one player in the spreading game: “It’s going nuts. Everyone is doing it or looking into it,” says a tax … [Read more...]
Links Feb 18
Breaking the vicious circles of illicit financial flows, conflict and insecurity Uncounted Fair taxes, fighting inequality essential for Peru Oxfam America Financial transparency - The biggest loophole of all: Having launched and led the battle against offshore tax evasion, America is now … [Read more...]
Links Feb 17
Ikea accused of evading over 1 billion in tax payments Global Alliance for Tax Justice Apple issues bonds worth estimated $12bn The Guardian "Move would allow the company to pay shareholders without having to repatriate any of $177bn it holds overseas at lower tax rates than in US". See also: … [Read more...]
Netherlands, UK push for more transparency
From the Financial Transparency Coalition: Dutch government plans to grant public access to beneficial ownership register Earlier this week, the Dutch Finance Minister, Mr Dijsselbloem, announced that the government would make the upcoming register of beneficial ownership, the so-called … [Read more...]
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...]
New signs that Cayman might dismantle its secrecy law
Cayman politicians love to pretend that they aren't living in a tax haven. No, they're part of a responsible international financial centre. And, as we've remarked ad nauseam, they all say that. It's almost a defining feature of tax havens (or, if you prefer to emphasise one important aspect, … [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...]
Taiwan – the un-noticed Asian tax haven?
This is a speculative blog based initially on a couple of conversations with people in the industry, with some supporting evidence. A (slightly tidied-up) conversation we've just had went along these lines: "You'll never guess what is the new Switzerland for Asia. And I mean big time. The Asian … [Read more...]
