Links Apr 25

UK Prime Minister’s letter to the Overseas Territories on beneficial ownership
See also: Transparency call to ‘tax havens’ The Courier, recent TJN Blog On Britain’s new honesty box for corporate fraudsters, and Turks and Caicos Islands Considers Public Beneficial Ownership Register Tax-News

British Virgin Islands: Government agencies sign agreement pledging to work against money laundering Financial Secrecy Media Monitor

Living in Paradise: Q&A with Carlos Spottorno Roads & Kingdoms
On a very interesting project. The piece includes intriguing insights on Luxembourg

Russia Races to Dodge Sanctions by Adapting Law to FATCA The Moscow Times
See also: The new Russia sanctions: Stalled tax talks Politico, and The Art of Financial Warfare: How the West Is Pushing Putin’s Buttons Newsweek

South Africa: Post-election tax policy under scrutiny at Tax Indaba FA News

Mining: Ghana loses millions in tax evasion Ghana Web
See also: Report: Ghana’s rich getting richer; poor getting poorer Ghana Web, and recent TJN Blog New report: Growth in Africa fails to curb soaring inequality

Investment in tax havens rises Inside Korea

Insight: Push for tax-avoidance curbs in G-20 threatens Publicis-Omnicom deal Reuters

G20-BRICS Update: Dueling Visions – Civil Society and the G20 Heinrich Boell Stiftung

Tax dodging is the real scandal at the Barclays AGM Shifting Grounds

Net closing on tax affairs of multinationals Irish Times

Walgreens May Become a “Foreign” Company to Avoid Taxes — But an Obama Proposal Could Stop Them Citizens for Tax Justice

Starbucks suffers first UK sales drop after tax criticism Reuters
See also: Tax avoidance: Are Starbucks and Amazon playing the system? Real Business

Google braced for French tax demand Financial Times (paywall)
“Google faces a tax demand from the French government that could reach into hundreds of millions of euros, the search group said. A regulatory filing confirmed reports earlier in the year that the French authorities objected to Google’s European tax structure, which sees the search and online advertising company recognise revenues through an Irish subsidiary.” See also Jesse Drucker’s original article on the French audit of Google.

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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