Links Aug 22

Developing nations need more than words from G20 tax reform The Conversation
See also: G20 to press for ‘rapid timeline’ for exchange of tax information The Economic Times

New Zealand Prime Minister John Key, the Whale Oil Blog, and International Organized Crime naked capitalism
Story includes a web of offshore connections.

Glencore report: European Investment Bank must drag its secrets into the light The Guardian
“Reasons given by the bank for refusing to publish findings of an investigation into alleged tax evasion remain unconvincing”

Human Rights & Tax: Book review by David Quentin of ‘International Covenant on Economic, Social and Cultural Rights’ L4BB

UK oil, gas and mining companies face new anti-graft rules Financial Times (paywall)

OCCRP Presents: The Russian Laundromat

South Korea: New tax chief vows to root out evasion The Korea Herald

Bank of America Grabs $12 Billion Tax Write-Off From $17 Billion Mortgage Settlement Forbes
See also: Bank of America settlement loophole creates at least $4 billion burden for taxpayers U.S. PIRG

Microsoft Admits Keeping $92 Billion Offshore to Avoid Paying $29 Billion in U.S. Taxes International Business Times

Scottish Parliament passes legislation establishing Scotland’s first tax collection system for 300 years Out-Law

UK to clamp down on non-disclosure jurisdictions funds europe
“Investors with undisclosed overseas assets cannot afford to stick their head in the sand.

Keeping the accountants accountable Accountancy Age

Why is the tax profession so intent on making excuses for abuse? Tax Research UK

End Delaware’s contribution to poverty Delaware Online

Tax cheat rumbled by Ferrari in his garage The Local

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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