Public Beneficial Ownership Registries- A Shot In The Arm In The Fight Against Illicit Financial Flows Financial Transparency Coalition
More evidence in the case against Luxembourg FT Alphaville
Today the Plateforme de Protection des Lanceurs d’Alerte en Afrique (PPLAAF) will be officially launched during a press conference in Dakar. We’re sharing the details with you here:
The OECD’s new terms of reference to assess the implementation by countries of BEPS Action 13 related to Country-by-Country Reports (CbCR) may penalise countries, especially developing ones, that try to obtain by their own means the CbCR’s valuable data needed to tackle multinational tax avoidance.
Country-by-Country Reports (CbCR) (to be prepared by multinationals with group revenues over EUR 750 million) will offer information on multinational economic activity, profits and tax paid broken down for each country where they operate. This CbCR “map” will reveal any misalignments between the location of real activity, and where profits are ultimately declared to hold both multinationals and tax havens to account.
Second time lucky? About a year ago in Slovakia some opposition politicians pushed hard for a promising law to shed light onto anonymous ownership through shell companies. The Tax Justice Network supported their efforts by writing a letter to the Prime Minster at the time. Despite widespread public anger about corrupt practices, the law was blocked by the legislature. Now, after a second attempt the law has been passed, pretty much in its original form. This is great news.
An assistant to an opposition Member of the Slovak Parliament now takes up the story:
Trusting the Process Kleptocracy Initiative
KleptoCast interview with TJN’s Andres Knobel about how trusts became the next frontier in dodging taxes and shielding assets
Panama Papers: European Parliament tax avoidance fact-finding mission in Luxembourg Luxemburger Wort
See also: MEPs’ mission to Luxembourg on tax evasion practices yields more questions than answers GUE/NGL, and European Parliament’s delegation on money laundering to Luxembourg: Government must investigate all firms involved in Panama Papers revelations Sven Giegold
We’re pleased to share this information on a very important new project – the Tax Disclosure Project – just launched by our friends at Finance Uncovered, a project originally set up by the Tax Justice Network.
The project is requesting that politicians around the world disclose their tax returns, and is inspired by the incredible work of journalist Umar Cheema of the Centre for Investigative Reporting. Umar succeeded in making Pakistan the fourth country in the world to publish the tax returns of its Parliamentarians. We interviewed him here on our monthly podcast below, the Taxcast back in 2015. It’s well worth a listen. It’s cued up to start from the special feature featuring his interview:
Book Review: Capital Without Borders: Wealth Managers and the One Percent by Brooke Harrington LSE Blogs
“… an important work for our increasingly unequal world”. – Listen to an interview with Brooke Harrington in our December 2015 podcast