Never has it been more critical to understand think tanks and their activities which often shape the news and are highly influential. But how transparent are they about who funds them? And how confident can we be in the integrity of their research and their intellectual independence? The organisation Transparify provides the first-ever global rating of the financial transparency of major think tanks and today released its 2017 report on 27 British think tanks. This is something that’s much needed elsewehere in the world in the age of ‘fake news’ and the so-called ‘post-truth era’. According to the report ‘Seven dark money groups spend £22 million to influence UK politics.’ More on dark money later.
The Tax Justice Network is supporting global partners in highlighting the impact of regressive tax policies and financial secrecy on women’s fundamental human rights, something we campaign on and write about. Here’s some information about the #TaxJustice for Women’s Rights Global Days of Action. The dates for your diary are 8-24 March 2017.
U.S. Congress votes for corruption by overturning historic transparency law in gift to big oil Global Witness
See also: U.S. Congress Votes to Kill Anti-Corruption Safeguard FACT Coalition, and Oxfam condemns Senate’s shameful gutting of bipartisan anti-corruption rule, Section 1504 Oxfam America
Eradicating poverty requires far more than aid, says Christian Aid
“The UK and its Overseas Territories are cornerstones of the international system that allows corrupt elites and multinationals to avoid paying the taxes they owe to developing countries.”
Cutting company tax won’t drive investment: Australia Institute Camden Haven Courier
UK ‘can’t afford tax cuts to attract more firms after Brexit’ The Telegraph
See our recent blog Tax haven UK? It already is…
The Irish model: How low should taxes go? BBC News
See also our recent blog: Is tax avoidance at the heart of Ireland’s economic miracle?, and read about the Race to the Bottom, here.
A fair tax breakthrough in procurement Fair Tax Mark
The next financial secrecy index has now reached its first big milestone with questionnaires being sent out to 112 jurisdictions.
EU Committee on Economic and Monetary Affairs – Committee of Inquiry to investigate alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and tax evasion
Live stream 31 Jan at 9.30am (Brussels time)
Africa: Accelerated Agenda on Illicit Financial Flows Global Alliance for Tax Justice
Shell companies: How Russia sold its oil jewel: without saying who bought it Reuters
“Like many large deals, the Rosneft privatization uses a structure of shell companies owning shell companies, commonly referred to in Russia as a “matryoshka”, after the wooden nesting dolls that open to reveal a smaller doll inside.”
What a #fightinequality week it has been… Global Alliance for Tax Justice
Canada Papers investigation: joint investigation by CBC/Radio-Canada and the Toronto Star:
Snow washing: Canada is the world’s newest tax haven – Part 1
How a Quebec company hid millions from tax collectors – Part 2
Signatures for Sale: Paid to sign corporate documents, nominee directors serve to hide companies’ real owners – Part 3
Lessons for Canada – Part 4
See also: ‘Tax haven’ Canada being used by offshore cheats, Panama Papers show CBC, and Canada: the Big Facade Radio Canada (Video report in French)
Panama suspends Panama Papers investigation Deutsche Welle
Mining: Illicit financial flows in the Andean countries TJN Latin America and Caribbean (In Spanish)