Links Aug 29

Kenya votes to reintroduce capital gains tax Financial Times (paywall)
“The move, which was approved by parliament this week but has yet to be signed into law by President Uhuru Kenyatta, will put Kenya in line with other top African economies”

Expectations too high for Pakistan-Swiss talks swissinfo

Swiss Banks Lost $383 Billion Funds Amid Probes, PwC Says Bloomberg

Private banks open up to new era of transparency swissinfo

Geneva’s bank opacity is melting like Swiss chocolate City A.M.

Scottish Independence: Labour tax haven fears Edinburgh Evening News
“If you deliberately set your corporation tax, not at what you think is right, but less than the country next door to you, what you’re doing is trying to create yourself as a tax haven.”

Flat tax doesn’t simplify tax, it cuts it for the richest The Equality Trust

Report on Shadow Banking in Asia & Report on Shadow Banking in the Americas Financial Stability Board

Everyone Who Calls for Repealing the Corporate Tax Is Wrong Citizens for Tax Justice

Corporations are people. So what if people were corporations? The Washington Post


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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 […]

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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 […]

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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 […]

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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 […]

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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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