Organised crime has had a long association with tax havens, and tax evasion. After All, Al Capone was imprisoned for tax evasion, and not any of the other crimes that it is said he committed. But how much do governments and police forces include tackling tax havens in their thinking of modern organised crime? Not much according to two experts on the issue Mary Young and Michael Woodwiwiss.
For months the public and governments around the world have been totally mystified at the lack of any plan coming from the UK government on how it intends to extract itself from the European Union following the Brexit referendum in June 2016.
On Sunday the British Chancellor of the Exchequer revealed the hand of the May government. As seems to have become the tradition, he did so in a European newspaper. It appears that the UK is now openly threatening to turn itself into the world’s largest tax haven if the EU does not yield to its demands for free access to the European market.
The UK’s tax authority HMRC (Her Majesty’s Revenue and Customs) has an educational youtube video for children which is, in their words ‘A simple introduction to tax for 8 to 11 year olds, which explains that taxes provide the money needed to pay for the things that are essential to them, their families, communities and society as a whole.’
Seems reasonable. It’s about time they made an effort to talk about why tax is so important rather than focus their energy on threatening people with awareness that there’s a hefty penalty coming their way if they don’t get hurry up and file their tax returns before the deadline.
Tax Avoidance, Illicit Financial Flows, and Global Development: A Call for a United Nations Tax Body Global Alliance for Tax Justice
Event in Washington DC on 12 January
Eva Joly’s op-ed on French Country-by=Country Reporting Global Alliance for Tax Justice
The 24 loopholes in the OECD’s Common Reporting Standard
New report by Mark Morris. See also our November 2014 report: “The end of bank secrecy”? Bridging the gap to effective automatic information exchange An Evaluation of OECD’s Common Reporting Standard (CRS) and its alternatives”
Switzerland fights to maintain tax allure as referendum looms The Irish Times
Where’s the organised civil society pushback on big finance and monopolies? Treasure Islands blog
By Nicholas Shaxson, author of Treasure Islands: Tax Havens and the men who stole the world
Voices in the Humanosphere 2016: How massive global tax avoidance fuels poverty
Interview with TJN’s chief executive Alex Cobham
India: The Confederation of Indian Industry (CII) wants corporate tax rate slashed to 18% in budget The Economic Times
Read on the Race to the Bottom, and Tax Wars: here.
2016 was the year when the world underwent profound political change. Most notably there were a series of political earthquakes in the US and Europe, with the election of Donald Trump and the decision of the UK to exit the European Union.
Going into 2017 these changes look likely to have a deep and lasting impact on tax policy and the distribution of wealth.