Update, Oct 10, 2018 - Swiss top court knocks down bid to extend banking secrecy. Good news for Elmer, following his partial victory in 2016. Update, Jan 4, 2016: Elmer has won a partial victory, underlining the main point of this blog. In a civil suit brought by Elmer, the Swiss Federal Court … [Read more...]
Secrecy
Quote of the day: JFK and secrecy
The quote is from John F. Kennedy, speaking in 1961 (hat tip: the Cayman Reporter): "The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. We decided long ago that … [Read more...]
Links Jun 26
Stop the Bleeding campaign launched in Nairobi Global Alliance for Tax Justice See also: Stop Africa's $50 billion a year illicit outflow, campaigners say Reuters ActionAid: Tax Competition’s Impact on Developing Countries – Panel Discussion, 7 July, London Tax havens and tax evasion: a … [Read more...]
Tax havens: beyond illicit financial flows
Capital flows, tax havens and offshore secrecy A guest post by Prof. Sol Picciotto, a TJN Senior Adviser. This was first published in African Agenda, vol. 18 No. 2, published June 2015 The discussion of the Mbeki Panel report in the last issue of African Agenda, in both the Editorial and the … [Read more...]
Links Jun 25
A “historic day” for the Fair Tax Mark UN estimates on tax dodging: Offshore tax zones cost developing countries $100 bln a year - U.N. Reuters, and Companies Avoid Paying $200 Billion in Tax The Wall Street Journal How could you not be excited by the Palma? Uncounted - Alex Cobham's … [Read more...]
Links Jun 23
Global Week of Action: final push for #TaxJustice Global Alliance for Tax Justice Tax Justice to fund free, quality Public Services Global Alliance for Tax Justice French Economist Piketty: Europe’s Stance on Greek Tax Reform Is Hypocritical Greek Reporter Tax matters - Greece bailout deal … [Read more...]
Links Jun 22
The parallel financial universe of the Cayman Islands Cayman Reporter "...the people of these islands are waking up to the reality that has been kept masked under many shrouds for decades." US official says British government undermined progress on tax avoidance The Guardian See also: Could UK … [Read more...]
Links Jun 19
Follow the money: inside the world's tax havens The Guardian Global Week of Action for #TaxJustice: coming events Global Alliance for Tax Justice The BEPS Monitoring Group - Comments on BEPS Action 8: Hard-to-Value Intangibles Tip of the iceberg: the role of the banks in the FIFA story … [Read more...]
Links Jun 18
Exposed: the million tax dodge ActionAid See the report: An Extractive Affair: How on Australian mining company's ax dealings are costing the world's poorest country millions Nigeria: Remedy for a Trillion Dollar Problem? allAfrica Africa: How everybody holds the continent back New … [Read more...]
Agreement in Buenos Aires on need for public registries of beneficial ownership
From Andres Knobel Buenos Aires - On June 10th and 11th, Tax Justice Network together with Argentina’s General Prosecution Office (Ministerio Público Fiscal), Argentina’s Central Bank and other NGOs including Fundación SES, Latindadd and CIPCE hosted a two-day event involving … [Read more...]
Links Jun 16
The Week of Action for #TaxJustice kicks off! Global Alliance for Tax Justice Q&A on Financing for Development and the international tax body Global Alliance for Tax Justice A Billion-Dollar Bank Fraud in Moldova, and 20,000 Opaque British Corporations naked capitalism Desperate for … [Read more...]
The politics of country-by-country reporting
A new post by Alex Cobham, TJN's Research Director, at Uncounted. It's called, as our headline suggests, The politics of country-by-country reporting. In summary, the sections note: … [Read more...]
Links Jun 12
Global Week of Action: the Campaign Toolkit is ready! Global Alliance for Tax Justice See also earlier blog Join the Global Week of Action for #TaxJustice, June 16-23 World Bank Shifting Policies To Disclose The Real Owners Of Contract Winners Global Witness See also: 107 groups urge World … [Read more...]
Links Jun 11
G7 fails to stop the dirty money trail, tax evasion The Sydney Morning Herald World Bank wants to stop anonymous firms winning contracts Thomson Reuters Corruption watchdog says UK blocked just 7 suspect deals in year Financial Times (paywall) Pakistan: ‘Access Interpol to bring back $97 … [Read more...]
In memoriam: FIFA’s stench kills free speech in Cayman
More fallout from the toxic FIFA scandal (see here, here and here). … [Read more...]
