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

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. 


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top