Links Oct 2

Australia: Business leaders to face parliamentary inquiry on tax avoidance The Sydney Morning Herald
See also: Global crackdown on tax havens fails to sway Australian companies, Government warned that ATO not up to catching tax avoiders, and our earlier blog Third of Australia’s big corporations pay less than 10% tax – report

European Commission extends probe into Gibraltar’s corporate tax regime Reuters

Glencore unit suspends Zambia copper projects over tax row Reuters
See also recent blogs How Glencore made its money and Secret tax report on Glencore withheld by EIB – why?

Transfer pricing, tax evaders and IT: HMRC UK to assist Pakistan’s FBR on tax reform initiatives Business Recorder

Canadian finance minister says country not a tax haven Reuters
A familiar theme

Bankers Targeted in $20 Billion Moldovan Laundering Case Bloomberg
See also: The Moldovan Money Machine  Wirtschafts Blatt (In German), cites TJN’s Markus Meinzer

Hervé Falciani, the Snowden of HSBC Clarín (In Spanish)
See here for an interview with Jorge Gaggero on Falciani and the case of private banker Hernán E. Arbizu

BVI, China’s favourite tax haven BBC Mundo (In Spanish)

What’s Wrong With Ignoring Inequality Bloomberg View


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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 […]

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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 […]

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Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY 3.0 (http://creativecommons.org/licenses/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 […]

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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 […]

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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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