From Corporate Governance, a news release basically taking a series of core tax justice positions ahead of the G20 summit meeting in Brisbane this weekend: Investors Back Global Tax Reform and Transparency In a global first, a group of institutional asset owners and managers are jointly calling … [Read more...]
Secrecy
Links Nov 13
Rich have more influence than poor over tax reform Christian Aid Rise of Swiss gold exports to India raises questions swissinfo Madoff Trials in Geneva Loom Six Years After Fraudster Confessed swissinfo "Madoff’s deception was a blow to Geneva’s reputation as a safe place to do … [Read more...]
Links Nov 12
Hidden Profits: The EU's role in supporting an unjust global tax system 2014 Eurodad Position Paper: UN FFD: What Outcomes Should be agreed in Addis Ababa in 2015 Eurodad EU's Juncker takes political responsibility for Luxembourg tax deals Reuters "I am not the architect of what you could … [Read more...]
Hidden Profits: The EU’s role in supporting an unjust global tax system 2014
From Eurodad, an important new report, whose press release goes: Hidden Profits: The EU's role in supporting an unjust global tax system 2014 This report – the second in a series of three annual reports – brings together civil society organisations (CSOs) in 15 countries across the EU. Experts in … [Read more...]
Links Nov 11
C20 calls on G20 to act on inequality, tax avoidance and climate change ABC News Does Australia have the stomach to go after corporate tax avoidance? Crikey See also: Australian Treasurer Joe Hockey's constituents not buying the Treasurer's tough on tax avoidance talk The Sydney Morning … [Read more...]
Links Nov 10
Global Tax-Evasion Crackdown Sidestepping Poorest Countries Inter Press Service Australia Says G-20 Committed to Fighting Tax Avoidance The Wall Street Journal (paywall) See also G20 takes aim at anonymous companies FInancial Times (paywall), and earlier blog Open letter to G20 leaders – … [Read more...]
Open letter to G20 leaders – something must be done at Brisbane about illicit financial flows
OPEN LETTER TO G20 LEADERS When a global financial system allows billions of dollars of corrupt or stolen money to flow unchecked around the globe, something is wrong. When financial secrecy helps strip Africa of US$50 billion each year, something is wrong. When the poor of this world see the … [Read more...]
Links Nov 7
‘Lux Leaks’ Revelations Bring Swift Response Around World ICIJ Tax: State aid probes set to intensify in wake of leaks swissinfo Ireland Gets Lucky With Luxembourg's Tax Scandal Bloomberg View Jean-Claude Juncker, Top E.U. Official, Faces Rising Furor Over Luxembourg Tax Revelations The … [Read more...]
Links Nov 6
Today's links focus first on media coverage of the Luxembourg tax leaks (as featured in blog posts earlier today), followed by news on other jurisdictions. Luxembourg tax leaks put pressure on G20 leaders to act on loopholes The Guardian EU to press Luxembourg over tax breaks amid fresh … [Read more...]
Huge trove of information blasts hole in Luxembourg’s theatre of probity
From the International Consortium of Investigative Journalists (ICIJ), a story we've been waiting for: "Capping a six-month investigation, the International Consortium of Investigative Journalists (ICIJ) and its media partners are publishing a secret cache of leaked tax documents and dozens of … [Read more...]
Links Nov 5
TJN-A and EATGN applaud Kenya government on decision to phase out tax incentives TJN-Africa See also our earlier blog Are Kenyan tax holidays over? Indian Government Loses Major Tax Case to Vodafone CorpWatch How black money finds its way out of India, and how it comes back as white The … [Read more...]
Reports of the Death of Banking Secrecy Are Greatly Exaggerated
From Andres Knobel in the Huffington Post, a reminder that while the OECD is very good at declaring the end of banking secrecy, it does like to gloss over the small matter that this is very far from the truth: "Leading finance ministers met in Berlin last week to begin the process of adopting a … [Read more...]
Links Oct 31
Capital Flight IV. Argentina, 2014: Manipulation of "Transfer Pricing" CEFID-AR (In Spanish) Transfer pricing: arms length alternatives needed European CEO See our page on Transfer Pricing here. Trial of former UBS executive dredges up Swiss banks' shady past Reuters … [Read more...]
Links Oct 30
Cartoon of the day Alex / The Telegraph More Than 50 Countries Sign Tax Deal The Wall Street Journal See also: Automatic Info Exchange Moves A Step Closer Tax-News, Why Taxation Must Go Global Project Syndicate, Fifty-one countries sign OECD pact to tackle tax cheats Reuters, and our blog and … [Read more...]
Links Oct 29
IMF calls for Caribbean tax changes Public Finance International IMF says tax competition (or "tax wars"), & tax incentives, are harmful. For the full speech by Min Zhu, Deputy Managing Director, IMF "Unlocking Economic Growth" see report by Eurasia Review here. Africa Must Better Target … [Read more...]
