Links Jul 4

FATCA Just a Band Aid for Latin American Tax Evasion Inter Press Service
Cites TJN’s Andrés Knobel, pointing out that the limiting factor for developing countries is that FATCA is bilateral. See also: FATCA: Dropping the bomb The Economist – The article is quite harshly critical of FATCA, but does rightly point out that “As more countries are pushed to share tax information systematically, the focus will turn to America’s willingness (or lack of it) to reciprocate”. Also notes that wealthy tax evaders will still find a way to hide behind shell companies and other structures.

Malawi: Extracting poverty in mines worth billions The Nation

The difference between corporate privacy and secrecy TED / Charmain Gooch, Global Witness

Island better, but still needs more work Manx Radio
Reporting on TJN Director John Christensen’s visit to the Isle of Man to discuss the transparency agenda

Isle of Man launches beneficial ownership consultation Isle of
See also information on government website here.

Cayman: Publicly accessible CIMA database of directors still a long way off COO Connect

Australian government minister criticized over tax haven investment Shanghai Daily
See also: Financial transparency campaigners question Malcolm Turnbull investment Sydney Morning Herald – Invested in a Cayman-based ”vulture fund”.

Canada Revenue Agency too timid about big-time tax cheats: report Ottawa Citizen

Amazon embroiled in EU tax crackdown Financial Times (paywall)
European officials have demanded that Luxembourg hand over documents relating to Amazon’s tax affairs

Glencore tax bill on $15b income: zip, zilch, zero The Sydney Morning Herald

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Launch of international research collaboration, #AltAusterity

alt austerityToday is the launch of #AltAusterity, a new, international research collaboration of which Tax Justice Network is a partner.  The project aims to stimulate public debate on the subject of austerity though high quality research. It is a response to the lack of evidence which has underpinned the current policy agenda on austerity. The project […]


RB tax avoidance – company calls for public country by country reporting after Oxfam report reveals profit shifting

pictureOxfam has today released a report on tax dodging by RB, the company formerly known as Reckitt Benckiser and the maker of thousands of well known household products. The report looks at the 2012 restructuring of the company which saw it set up ‘hubs’ in the Netherlands, Dubai and Singapore, all well known corporate tax […]


Half measures mean Mauritius will continue to be a tax haven for the developing world

MauritiusThere was news this week that Mauritius has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This is an initiative from the OECD to allow countries to take measures designed to stop tax avoidance by multinational companies and put them into their existing network of […]


G20: Pressure rising on tax haven USA

HamburgWhilst the eyes of the world focused on the isolation of the US from the ‘G19’ position on climate change, something remarkable played out elsewhere in the process. Following closely the common EU position that we highlighted a few days ago, the G20 communique devotes important space to tax justice. It’s so good we quote […]


Will the G20 ever end the global problem of tax avoidance and tax evasion?

HamburgAhead of the G20 Summit in Hamburg this week our own George Turner has published this op-ed in the German newspaper Die Tageszeitung today. The article discusses why, despite sustained political engagement from world leaders, we are still some way from solving the problem of tax avoidance and tax evasion. Here’s an English translation of the article:


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