Latest Blog Posts
Archive before 2014
Tax wars
- Dec 2013 – Developing countries and tax incentives: OECD says it like it is. Original here.
- Nov 2013 – Huge exodus of wealthy from California after state tax hikes
- July 2013 – Financial regulation: internationally competitive = domestically dangerous. Original here.
- Jun 2013 – Derivatives WMD: lobbyists seeking to remove ‘burdensome’ safety catches. Alternative here.
- * HIGHLIGHT * – April 2013 – Skewering the myth of tax competition. Guardian article here, longer analysis here and here.
- March 2013 – Financial Times finds evidence of huge flight of rich after French tax hikes
- Aug 2012 – Vietnam and how tax incentives undermine policy processes
- March 2012 – Corporate Taxation – The Next Race to the Bottom
- Jan 2012 – IMF: race to the bottom on tax in developing world. Original here.
- Jan 2012 – Tax Competition and Inequality:The Case for Global Tax Governance, new paper by Thomas Rixen. Original here.
- Aug 2011 – US study: tax flight is a myth
- Aug 2011 – PWC seems caught lying in US tax competition case. Original here.
- Jan 2011 – On the Dole, corporate style. David Cay Johnston on new research about the proliferation of tax incentives, and wasteful competition between jurisdictions to supply them.
- Dec 2010 – Is tax competition harming developing countries more than developed? A seminal paper by Mick Keen and Alejandro Simone. Original here. Reprinted with permission of Tax Analysts. Copyright 2004.
- Oct 2010: UK VAT abuse and the music industry: how tax havens undermine markets.
- Sept 2010: Africa Tax Spotlight: the tax competition edition.
- Tax wars: new terminology for tax competition.
- July 2008 – Dr Thomas Rixen, In Need Of A Fix: Double tax avoidance rules as the institutional foundation of tax competition in Tax Justice Focus
- Feb 2009 – New paper in European Tax Policy journal: Deadlocked European Tax Policy – Which Way Out of the Competition for the Lowest Taxes? By Christian Kellermann and Andreas Kammer
- Nov 2008 – Slide show of presentation by Richard Murphy in the City of London: how tax competition affects developing countries
- October 2008 – A paper by Bruno Gurtner and John Christensen on tax competition, presented in Mexico.
- Aug 2008 – Richard Murphy writes on the merits of tax co-operation
- May 2008 – TJN on tax competition and co-operation in FT Economists’ forum, with update here
- Oct 2006 – Tax Research on the UK’s stable corporate tax take, amid falling tax rates
- 2005 – Joel Slemrod, University of Michigan, Tax Competition with Parasitic Havens
- 2002 – Edmund Valpy Fitzgerald of Oxford University: principles and challenges associated with tax competition in this paper
Financial regulation
- Oct 25 – Gensler: It was financial institutions operating complicated swaps businesses in offshore entities that nearly toppled the U.S. economy” in 2008. Original here.
- July 2, 2013 – Derivatives: letter to Michel Barnier and eight finance ministers
- June 25 – Derivatives WMD: lobbyists seeking to remove ‘burdensome’ safety catches. Also see here.
- June 13 – Offshore race to bottom fosters US shadow insurance industry, “may need bailout.” Originals here and here.
- March 21, 2013 – Treasure Island Trauma. Paul Krugman endorses Shaxson’s (and TJN’s) analysis that havens help feed crisis.
- March 12, 2013 – Offshore London and the escape from the U.S. Dodd-Frank bill. Original here.
- Dec 4, 2012 – Dexia and the role of Wild West Ireland
- Feb 23, 2012 – Nevada wins race to the bottom on corporate governance. Originals here and here.
- Dec 12, 2011 – Deminor open letter on behalf of Madoff investors: Luxembourg’s lack of accountability, trust, action was behind the scam
- July 14, 2011 – TJN summary of Jim Stewart paper on the Dublin financial centre. Original here.
- May 13, 2011 – NYTimes on the new shadow insurance system – Treasure Islands. Original here.
- May 11, 2011 – New French govt report on financial instability, fingering havens. Original here.
- May 4, 2011 – Goldman Sachs, the food crisis, and offshore London
- Dec 8, 2011 – MF Global: more evidence of London as a black hole of financial regulation (original here)
- May 2, 2011 – Nicholas Shaxson summarises how offshore finance underlay the global financial crisis
- Nov 26, 2010 – some forensic detail about offshore Ireland
- Nov 26, 2010 – Greece and the tax havens: an interconnected web of contagion
- July 2010 – IMF: Rehypothecation and offshore London
- June 2010 – the role of the offshore Euromarkets in helping U.S. banks in particular achieve “political capture” and enjoy the “too big to fail” implicit subsidy.
- June 2010 – The Other Offshore Disaster. NYT on the Bear Stearns collapse, with a prominent role for offshore.
- June 2010 – Lucy Komisar in The American Interest, on how the Cayman Islands is being used to forestall tighter regulation.
- May 2010 – Review of IMF’s concerns about offshore and excess leverage, pp12-13 of Tax Justice Focus.
- April 2010 – Goldman deal went through Cayman , pattern is offshore.
- May 2010 – How ICE and the Caymans help firms escape derivatives reform (original here)
- March 2010 – IMF expresses alarm about offshore role in crisis
- Feb 2010 – Onshore and offshore; boom and bust
- May 2009 FT article “How tax havens helped to create a crisis” by TJN senior adviser Sol Picciotto.
- Other commentators, such as here (UK focus, by Willem Buiter); here (Sunday Herald analysis); here (TV debate on tax havens and tax competition); here (the FT); here the IMF and the OECD recognising the problem); here (a former top banker); here (a legendary US crime-fighter).
- Prof Sol Picciotto looks at a case study involving Bermuda and a credit derivatives swaps company here.
- The role that illicit flows have played in macroeconomic imbalances that built up ahead of the market disruptions. Click here.
- TJN’s article that appeared in the UK’s Guardian newspaper, written by John Christensen and Richard Murphy.
- June 2008 – Creating Turmoil – TJN’s submission to the UK Treasury Select Committee
