Search Results

Estimating tax avoidance: New findings, new questions

March 22, 2017

Estimating tax avoidance: New findings, new questions

There are now a range of estimates of the global scale of tax avoidance. These include:
  • the $600 billion annual tax loss estimated by IMF researchers Crivelli et al. (2015; 2016), which divides roughly into $400 billion of OECD losses and $200 billion elsewhere;
  • the $100 billion annual tax losses that UNCTAD's World Investment Report 2015 estimated for developing countries due only to conduit FDI investment through 'tax havens';
  • the $100 billion to $240 billion globally that OECD researchers estimate;
  • the $130 billion globally that we have estimated as annual losses due to avoidance by US multinationals only; and so on.

#LuxLeaks appeal verdict: tax justice heroes convicted again

March 15, 2017
The #LuxLeaks whistleblowers appeal verdict is in and once again it demonstrates what an upside down world we're living in, when whistleblowers on the frontline of tax justice find themselves convicted for a second time for exposing information that was so clearly in the public interest. Disclosure of such information can be decisive for driving political change, and this is exactly why tax deals in Luxembourg were brokered behind closed doors. Now it's time to swing the spotlight onto accountancy firm PwC not only for the disgraceful way they treated these whistleblowers, but to hold them to account for their role the whistleblowers exposed in siphoning off tax revenue from so many EU member states. You can read about the less known but truly shocking treatment of whistleblower Raphael Halet in detail here. The Tax Justice Network's John Christensen says today,
"This is a disgraceful verdict when you consider that the real villains are accountancy firm PwC and the Luxembourg tax authorities who should never have negotiated these secret tax deals which go against the grain of free trade and all of which will almost certainly be found to constitute illegal state aid."LuxLeaks

Links Mar 13

March 13, 2017
Corporate taxation key to protecting human rights in the global economy CESR UN urges US to not exploit American Samoa The Guam Daily Post 'The United Nations has "strongly urged" the United States to refrain from using American Samoa as, among other things, a tax haven'. A significant shift? Development policy guidance recognises that tax havenry hurts the local population. Luxembourg Frieden says government should lower taxes for companies, private individuals Luxemburger Wort '...says Luxembourg must become more competitive when it comes to taxes'. Read about the Race to the Bottom, here.
Back to Top