EU proposals will force multinationals to disclose tax arrangements The Guardian How to cut through the problem of multinationals’ tax dodging The Independent See also our report Ten Reasons to Defend the Corporate Income Tax Indonesian Tycoons Find Tax Haven in Singapore Fair … [Read more...]
Secrecy
Links Feb 5
The North Korean Connection Finance Uncovered Investigation reveals links between a North Korea bank and US Defense industry via an offshore trust, with links through Luxembourg, Cayman, Jersey. Getting to Good - Towards Responsible Corporate Tax Behaviour ActionAid Swiss bank Julius Baer … [Read more...]
Tax Haven USA: Congress moves to end corporate secrecy
Earlier this week we blogged a groundbreaking exposé of how US law firms advise on shifting dirty money into the USA. Now we hear that bipartisan legislation is being proposed to help stamp out corruption, money laundering and tax evasion by curbing use of anonymously-owned companies in America. … [Read more...]
Links Feb 2
2016: Africa’s Year Of Grave Concern TJN-Africa Blog Slash taxes by half, say North Sea oil companies The Telegraph See recent blog Do not listen to Big Oil’s whining for tax cuts Swiss seek Malaysian help probing $4 billion financial scandal The Telegraph The New Global Tax Shelter Is … [Read more...]
Tax Haven USA – part two: Rothschilds (nearly) confirms Tax Justice Network position
One year ago, Tax Justice Network published a blog detailing the ways in which the USA is steadily turning itself into a vortex-shaped hole in the global financial system. Others have picked up on the theme, including The Economist which rightly labelled the USA as "the mega-haven". Now, … [Read more...]
Tax Haven USA – part one: 12 New York law firms advise on how to move dirty money to the USA
12 New York law firms filmed suggesting how to move suspect money into the US & avoid detection Ground-Breaking exposé by Global Witness shows how the corrupt can exploit anonymously-owned companies … [Read more...]
Links Feb 1
Book launch: Inequality, uncounted By TJN's research director Alex Cobham Malawi: ActionAid urges UK to rethink colonial-era tax deal which slashes money for health care and education The Independent Ecuador parliament debates law to prevent tax evasion on gains from bequests STEP "The main … [Read more...]
Links Jan 28
The movement to end tax havens is already 100,000 strong and growing Oxfam Eurodad: European Commission’s Anti Tax Avoidance Package will not stop multinationals dodging taxes See also Eurodad's Briefing: An analysis of the European Commission’s Anti-Tax Avoidance Package, and EU clamps down on … [Read more...]
Tax haven USA: new Bloomberg story adds urgency to reform needs
Bloomberg is running a story entitled The World’s Favorite New Tax Haven Is the United States, which closely follows the line that TJN has been taking, particularly since our big Loophole USA blog a year ago, and our subsequent USA Report for the Financial Secrecy Index last October. Expanding … [Read more...]
Links Jan 26
Accounting experts seek independent probe into KPMG’s audit of HBOS Financial Times. Involving a number of TJNers or friends of TJN. Australia: Big business accused of using 'straw man' arguments against tax avoidance crackdown The Guardian Political commentator: 'Tax havens won't last … [Read more...]
Links Jan 25
Google £130m UK back-tax deal lambasted as ‘derisory’ by expert The Guardian Cites TJN Senior Adviser Prem Sikka. See also Prem's report Some Questions about Google’s UK Tax Settlement of £130 million, also MPs attack deal to let Google to pay 'relatively trivial' £130m back taxes The Guardian, … [Read more...]
Links Jan 22
Governments need to get out of their “cosy bed” with business, says Oxfam chief euronews Apple Steps Up Lobbying Efforts Against European Tax Probe Bloomberg Cites TJN's research director Alex Cobham Ireland: State may not get any Apple tax haul The Irish Examiner Number of Offshore IPOs … [Read more...]
Links Jan 21
Revenue foregone through tax treaties in context Martin Hearson's Blog Read more on Tax Treaties here. MEPs want companies tax dodges repaid into EU budget euobserver See also: MEPs Say State Aid Probe 'Windfall' Should Be Divvied Up Tax-News Greater tax transparency: Interview with … [Read more...]
The Offshore Game: Bolton Wanderers on the brink
This sad story, featuring a company registered in the British Virgin Islands and an offshore trust in Bermuda, is cross-posted from our partners at The Offshore Game. … [Read more...]
Some (minor) useful developments in the United States
We have recently been extremely exercised about Tax Haven USA, which has been busy (and rightly so) protecting itself from offshore tax havens, while at the same time becoming more of a tax haven for foreigners. But we mustn't forget that the United States isn't a monolith: it's a battleground … [Read more...]
