Abusive Tax Avoidance and Responsibilities of Tax Professionals Journal of Human Development and Capabilities Global Looting – A Snapshot The Corner House Illicit Financial Flows: Overview of Concepts, Methodologies and Regional Perspectives CBGA Las Vegas Review-Journal Staffers Want To … [Read more...]
Secrecy
Links Dec 10
KPMG's Regulatory Arbitrage Culture Paper by Dr. Atul K. Shah "The Big 4 ... Overwhelming evidence has been emerging in recent decades about their pro-active roles in tax avoidance and arbitrage..." Trade Secrets: Coca-Cola’s Hidden Formula for Avoiding Taxes 100Reporters Shell and Eni's … [Read more...]
Panama thumbs its nose at transparency – again
We have on several occasions fingered Panama as a particularly recalcitrant secrecy jurisdiction: our recent Panama Narrative Report spills a fair number of beans in that respect. Its recalcitrance is perhaps hardly surprising, given the quantity of Colombian and Mexican drugs money believed to be … [Read more...]
Links Dec 9
Latin America and Caribbean Tax Administration Dialogue on International Taxation in Quito Global Alliance for Tax Justice Country-by-Country regime passed by Australian Parliament Global Alliance for Tax Justice New Study: Illicit Financial Flows Hit US$1.1 Trillion in 2013 Financial … [Read more...]
Links Dec 7
The determinants of tax haven FDI Science Direct Paper examines the determinants of a multinational enterprise's (MNEs) decision to set up tax haven subsidiaries. Cayman Islands fraudsters may have moved $450 million to Cuba Caribbean News Now! Very interesting report by Kenneth Rijock, a … [Read more...]
Workshop: Call for Papers on Corruption and the Role of Tax Havens
Call for papers for a Research Workshop on CORRUPTION AND THE ROLE OF TAX HAVENS … [Read more...]
Links Dec 3
Revealed: how Southeast Asia’s biggest drug lord used shell companies to become a jade kingpin Global Witness For Facebook’s Zuckerberg, Charity Is in Eye of Beholder Bloomberg Gabriel Zucman points out: “A society where rich people decide for themselves how much taxes they pay and to what … [Read more...]
Links Dec 2
Art & Money Laundering in Switzerland - secrecy is weakening Bilan (In French) Article in English here. EAC states adopt new measures to curb tax loss The East African European Parliament tax investigation continued: Strong mandate for new committee to continue tax investigation Sven … [Read more...]
Ex-money launderer Kenneth Rijock offers tips for whistleblowers
In this article, first published in the Whistleblower Edition of TJN's newsletter, Tax Justice Focus, convicted money launderer Kenneth Rijock (author of The Laundry Man, Penguin, 2013) offers some practical advice to those who might be considering blowing the whistle on their employers. Helpful … [Read more...]
Links Dec 1
HSBC whistleblower given five years’ jail over biggest leak in banking history The Guardian See also: 'Sentencing Changes Nothing, Will Help Black Money Probe,' Says Herve Falciani NDTV, The Snowden Of Swiss Bank Accounts Is Sentenced To Prison While White Collar Criminals Go Free ThinkProgress, … [Read more...]
John Christensen on rocking the boat in Jersey
In this blog, first published in the Whistleblower Edition of Tax Justice Focus (available here), TJN's director John Christensen, a former Economic Adviser to the island of Jersey, reflects on his experience of exposing a banking scandal, which involved him in a direct confrontation with senior … [Read more...]
UK secrecy jurisdictions are still helping criminals the world over
30 November 2015 Despite real progress, UK secrecy jurisdictions are still helping criminals the world over, warns report. UK Prime Minister David Cameron has vowed to lead the global fight against corruption. But, a new assessment released today warns that the UK cannot credibly claim that it has … [Read more...]
How the U.S.A. became a secrecy jurisdiction
This month we published our fourth Financial Secrecy Index (FSI), complete with a series of reports about each of the biggest tax havens and secrecy jurisdictions, looking into the political and economic histories of how and why they went offshore, who was involved, and where the bodies are … [Read more...]
Links Nov 26
An uneven playing field: inequality, human rights and taxation inesc "The Latin American experience shows that progressive tax systems are crucial to reducing inequality." EU lawmakers step up pressure to tackle tax dodging Reuters See also: EP tax investigation: EP president Schulz blocking … [Read more...]
Reporting a crime is not a crime
UPDATE: Since publishing this blog on 26th November 2015 the Swiss Federal Court in Bellinzona has sentenced HSBC whistleblower Herve Falciani to five years in prison. Mr Falciani, who was tried in absentia, was charged with data theft, industrial espionage and violation of Swiss banking secrecy … [Read more...]
