UK parliamentarians have the opportunity to take historic action over the next two days, ending decades of financial secrecy in the UK's Overseas Territories. As Parliament closes down before the General Election which will take place on the 8th June, a lot of ongoing business is now at risk. A … [Read more...]
Tax Havens
Tax haven blacklisting in Latin America
As governments (slowly) get to grips with the fact that tax havens are inflicting great harm on economies and democracies across the globe, facilitating mega amounts of tax dodging, and vast movements of criminal money by way of the secrecy services some of them offer, the question of our times is … [Read more...]
Links Mar 17
The problems with measuring tax systems SPERI 'In debates about tax policy we need to de-emphasise the role of economics and measurement and rekindle the politics'. Blog by TJN's Nicholas Shaxson, author of Treasure Islands: Tax Havens and the Men Who Stole the World. Re-framing tax spillover … [Read more...]
Links Mar 13
Corporate taxation key to protecting human rights in the global economy CESR UN urges US to not exploit American Samoa The Guam Daily Post 'The United Nations has "strongly urged" the United States to refrain from using American Samoa as, among other things, a tax haven'. A significant shift? … [Read more...]
Links Mar 10
Public Beneficial Ownership Registries- A Shot In The Arm In The Fight Against Illicit Financial Flows Financial Transparency Coalition European Parliament takes on financial crime with tough proposals Sven Giegold More evidence in the case against Luxembourg FT Alphaville … [Read more...]
Links Mar 9
Taxes & Women's Rights? Global Alliance for Tax Justice See also: Happy International Women’s Day wrapup We managed tax transparency in Pakistan. Why not everywhere else?The Guardian By Umar Cheema. See Politicians and their tax returns: a new project from Finance Uncovered MEPs vote to … [Read more...]
Links Mar 3
Trusting the Process Kleptocracy Initiative KleptoCast interview with TJN's Andres Knobel about how trusts became the next frontier in dodging taxes and shielding assets Panama Papers: European Parliament tax avoidance fact-finding mission in Luxembourg Luxemburger Wort See also: MEPs’ mission to … [Read more...]
Links Mar 1
Book Review: Capital Without Borders: Wealth Managers and the One Percent by Brooke Harrington LSE Blogs "... an important work for our increasingly unequal world". - Listen to an interview with Brooke Harrington in our December 2015 podcast MP's from Africa and Asia pledge to collaborate in … [Read more...]
Links Feb 27
Trusts – the hole in the EU’s response to the Panama Papers? Global Witness See also, our report Trusts – Weapons of Mass Injustice HSBC discloses tax evasion probes in India other countries Economic Times Probes in U.S., France, Belgium, Argentina ... See also: HSBC Sets Aside $773 Million for … [Read more...]
Verdict on EU Finance Ministers’ blacklist: ‘whitewashing tax havens’
It's not all bad news coming out of the European Union this month. European Union rapporteurs have made some excellent proposals on the implementation of public country-by-country reporting for multinational companies which you can read about here and here. Now we hope the EU Commission will listen … [Read more...]
Links Feb 22
EU agrees new rules to tackle multinationals tax avoidance The Guardian Don't bank on the EU to create a reliable list of tax havens, TJN's Financial Secrecy Index is more credible. See also: EU finance minister meeting: Blacklist is whitewashing tax havens Sven Giegold Denmark would not oppose … [Read more...]
Links Feb 15
Global Week of Action to #EndTaxHavens! - 1 to 7 April 2017 Global Alliance for Tax Justice ICTD Summary Brief 6: Tax and Gender in Developing Countries: What are the Issues? International Centre for Tax and Development The Political Economy of Long-Term Revenue Decline in Sri Lanka International … [Read more...]
Links Feb 13
Brazil’s corruption scandal spreads across South America The Guardian Founders of Panama Papers Law Firm Arrested on Money Laundering Charges ICIJ Swiss voters soundly reject corporate tax overhaul Reuters See also: Switzerland says no to yet more tax abuse Tax Research UK International experts … [Read more...]
Links Feb 10
New recommendations to help investors engage on tax UN Principles for Responsible Investment (PRI) Banks take bigger role in Latin America fight against tax evasion Reuters New Zealand, a haven for global billionaires to park their money, has a murky trust issue Bloomberg Panama Papers: Mossack … [Read more...]
Panama Papers Committee investigates in London UK, home to 2,000 ‘enablers’
UPDATE: 15 February 2017, London - Bloomberg has reported that the chairman of the EU's Panama Papers inquiry has criticised the UK Treasury for refusing to meet with its investigatory team during the recent fact-finding visit to London. Read more here. Last year the Panama Papers scandal shook … [Read more...]
