Links Apr 22

Big auditors must be made accountable to the public The Conversation
Prem Sikka puts forward proposals to strengthen public accountability of auditing firms, arguing that such reforms can save them from their own follies.

Major companies concerned over OECD’s plans for global tax reform Irish Independent

Indian Ocean island State to blame for the soaring taxation on Kenyans through heavy consumption taxes Standard Media

Australian Tax office ‘serious’ about profit shifting The Australian

Cayman Premier touts for business Cayman News Service
See also: Cayman Islands Is The New Switzerland, But Not The Way You Think Forbes

Iran Gets an Unlikely Visitor, an American Plane, but No One Seems to Know Why The New York Times
Mystery American plane owned by a trust, with trustee Bank of Utah.

Measuring Rates of Return for Lobbying Expenditures: An Empirical Case Study of Tax Breaks for Multinational Corporations Social Science Research Network

Tax loopholes allow US firms to siphon $206bn offshore Irish Independent

Amazon’s tax-free European profits drop after IRS clamp-down Reuters

Giorgio Armani settles £222m tax dispute with Italy The Guardian

U.K. Tax Authorities Question Banks on VAT Swindlers Bloomberg
Jesse Drucker reports on possible tax fraud in the UK’s 40 billion-pound ($67 billion) power trading markets.

UK: On the sale of HMRC taxpayer data Tax Research UK

London 2012 Olympic shopping mall makes £40million profit but pays just £211,000 in tax Mirror

10 year old daughter of World Cup official had £2m put into account The Telegraph

How to Tax the Rich – in 10 Easy Steps The Huffington Post

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 […]


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 […]


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

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL ( or CC 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 […]


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 […]


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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