By Alex Cobham, TJN's Director of Research. Originally posted at his blog Uncounted. Poverty – a bad money-laundering risk factor The UK’s Financial Conduct Authority has revealed the basis on which it ranks jurisdictions as low or high risk for money laundering – and it seems inevitable that it … [Read more...]
Secrecy
New Report: Ten Reasons to Defend the Corporate Income Tax.
UPDATES 2018 - Tax incentives in mining: minimising risks to revenue, OECD/Intergovernmental forum on mining, minerals, metals, and sustainable development. "Tax incentives are costly, leading many countries to forgo vital revenues in exchange for often illusive benefits. . . there is little … [Read more...]
Links Mar 17
Banks Say “Thanks for the Bailout,” Now We’ll Park our Profits in Overseas Tax Havens AllGov Tax Justice in Europe - time to stop hiding and start acting ActionAid UK: ‘Hard core’ tax dodgers to face strong crackdown Financial Times (paywall) Tax Cheat Hid $300 Million In Swiss Accounts … [Read more...]
Six questions about HSBC and the Jersey connection
From the BBC in Jersey: "HSBC is closing all accounts in Jersey for customers living in the UK, as part of industry-wide efforts to check identity and address details, to ensure off-shore accounts aren't being used to hide money. Jersey's Chief Minister Ian Gorst insists that banks have to … [Read more...]
Links Mar 16
Special committee on tax dumping in the EU has started Sven Giegold Africa’s top billionaire uses Malta shell companies to hold diamonds ‘conflict’ Malta Today "Daughter of Angola’s president, Isabel dos Santos, uses Malta shell companies to hold her major interests in state-owned diamonds, … [Read more...]
Where did Zimbabwe’s diamond revenues go?
From Tax Justice Network Africa, via its Afritax feed, a video showing a Zimbabwean member of parliament, James Maridadi, taking the Minister of Finance to task on revenue from Marange Diamonds. The brief exchange is worth watching, not least for the Minister's evasive manoeuvres. But it's … [Read more...]
Links Mar 13
The Passport King: Christian Kalin's business is showing poor countries they have at least one resource worth selling: citizenship. Bloomberg What Directives Were Given To HSBC Staff? Financial Times (paywall) HSBC's Swiss private bank: French prosecutor formally requests trial The … [Read more...]
Links Mar 11
The Levin Center is official -- at the Wayne State University School of Law Detroit Free Press Levin himself will teach classes, beginning this fall with a course on tax policy, its effects on society and, as Levin put it, "how tax avoidance activities have punched a hole in our income tax … [Read more...]
City of London Corporation in ‘failure to support transparency’ shocker
Father William Taylor, an elected member of the City of London Corporation, has blogged an interesting exchange he had last week with Mark Boleat, who chairs the Corporation's Policy Committee. The crux of the exchange is that the Corporation will not be supporting the proposal before the UK … [Read more...]
Links Mar 10
Tax secrets of little Luxembourg CNBC U.K. Lawmakers Call Former HSBC Private Bank CEO 'Incompetent' Bloomberg European Parliament's inquiry committee on #LuxLeaks is taking shape European Voice Tipping the balance: new global corporate law Lawyers for Better Business (L4BB) Blog A call … [Read more...]
Links Mar 9
View from abroad: New development paradigm DAWN.com "Yes, finally after years of beating around the bush, global attention is turning to tackling tax evasion, by companies and individuals. The question will be high up on the agenda of the third International Conference on Financing for Development … [Read more...]
Links Mar 5
U.S. Companies Are Stashing .1 Trillion Overseas to Avoid Taxes Bloomberg See also: Despite FATCA, U.S. Companies Stash $2.1 Trillion Abroad---Untaxed Forbes Foreign Tax Surprises Like Disney’s Have SEC Seeking Sunlight Bloomberg Imagination at Work? GE Once Again Pays Less Than 1% in … [Read more...]
Links Mar 4
ECLAC Economic Commission for Latin America and the Caribbean : Political Will and Productive and Fiscal Reforms Are Key to Fighting Inequality, Experts Agree at ECLAC 4-Traders Recent posts by The BEPS Monitoring Group (BMG): BMG: Presentation at the Regional Meeting for Latin America and … [Read more...]
Links Mar 3
India doubles coal tax to promote renewables businessGreen Black money: Luxembourg offers to send financial experts team to India IBNLive Tax-dodgers are 'not acceptable': Luxembourg Finance Minister CNBC Barclays in Luxembourg: £593m profits, £4m tax, report reveals The … [Read more...]
Links Mar 2
Tax evasion: Leaks on tap The Economist Cites TJN and our report identifying more than 30 loopholes and exemptions in the OECD's Common Reporting Standard (CRS). Tax Power Campaign Africa Coordinator - Job Opportunity with ActionAid The Looting Machine: Warlords, tycoons, smugglers and the … [Read more...]
