Links Feb 5

   0   0 Blog, Corporate Tax, Finance Sector, Inequality & Democracy

Obama Tax Rhetoric on Offshore Profit Falls Shy of Action Bloomberg
See also: U.S.: Has the Tax Code Been Used to Reduce Inequality During the Obama Years? Not Really. Citizens for Tax Justice


The 1% Pay 37% of Income Taxes: So What? Real Clear Policy

Does campaigning for Fair Tax make a difference? Tax Research UK

Briefing paper on Emerging Capital Partners case and review of European law on money laundering Eurodad
Briefing by Eurodad member Re:Common and partner Counter Balance on the the Ibori case.

DRC owed $3.7bn in tax by mining firms, disputed report claims The Guardian

Kenya Says Mine-Tax Increase Means No Hidden Duty for Companies Bloomberg

Zambia: Miners to get royalties reprieve The Herald
See also: British Company Vedanta-KCM Made $362 Million In 2013, Report Reveals CODESRIA , on the report Copper Colonialism: Vedanta KCM and the copper loot of Zambia

New Zealand Promotes Role In BEPS Discussions Tax-News

France to bill Google for $1.35 billion in taxes PressTV
“By transferring most of its revenue from France to Ireland, which enjoys a low corporate tax rate, Google has diminished the amount of tax it pays in France.” See also: Yahoo ups sticks to Ireland for European operations ITProPortal

Dutch subsidiary helps IBM slash tax rate, lift earnings BDLive

UK: HMRC claims £100m victory in offshore tax evasion case International Adviser

Decaying London Mansions Prompt Punitive Tax Calls Tax-News
For more on London property, and absentee owners hiding behind offshore corporations based in tax havens, see Nick Shaxson’s Vanity Fair article A Tale of Two Londons

Raj says he can make you a property millionaire if you hand over £10,000. Do you believe him? This is Money
A reporter attends a seminar touting tax dodges via offshore


Related Posts

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]

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Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]

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Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia CommonsComing out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland’s tax haven status? A new paper by Heike Joebges of the University […]

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New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]

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Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 

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