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Technology and online beneficial ownership registries: 21st century transparency

At the Global Tax Transparency Summit meeting held in London in December 2016, a senior official from the tax haven of Jersey claimed that one of the reasons for not making their registry of company ownership available to public scrutiny was the lack of a global standard for public company registries.  TJN’s John Christensen, himself a former senior official of Jersey’s government, offered to fill that gap, arguing that civil society could provide a standard that serves as a benchmark of good practice.  In this cooperative spirit, TJN’s Andres Knobel, based in Buenos Aires, has drafted a new brief on how technology can be harnessed to provide a secure, transparent platform for an online public company registry. Transparency, 21st century-style.

As he so rightly says,

“the technology already exists but commercial registers are hardly taking advantage of it. Where does that leave the fight against corruption? …credit cards use big data to detect fraud, Netflix can suggest targeted movies, Amazon does the same with books, Facebook is developing tools to prevent “false news” and “false amplification” (fake users and coordinated massive ‘comments’, ‘likes’ and ‘shares’) and Israel checks social media in order to identify potential terrorists. All this, and yet meanwhile the creation of ‘legal fictions’ (companies) that are involved in all of these technologies, is still mainly done on paper.

His report is titled: Technology and online beneficial ownership registries: easier to create companies and better at preventing financial crimes. You can download the full report here.

Estimating tax avoidance: New findings, new questions

By Alex Cobham

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.

How could a global public database help to tackle corporate tax avoidance?

February 17, 2017   #OD4TJ, Blog, Reports

A new research report published today looks at the current state and future prospects of a global public database of corporate accounts. We are cross posting this OpenDemocracy article written by Jonathan Gray, with permission from our partners on the open data for tax justice project at Open Knowledge International. You can read more about that about in our blog here.

shipyard

Shipyard of the Dutch East India Company in Amsterdam, 1750. Wikipedia.A new research report published today looks at the current state and future prospects of a global public database of corporate accounts.

The multinational corporation has become one of the most powerful and influential forms of economic organisation in the modern world. Emerging at the bleeding edge of colonial expansion in the seventeenth century, entities such as the Dutch and British East India Companies required novel kinds of legal, political, economic and administrative work to hold their sprawling networks of people, objects, resources, activities and information together across borders.

Open Data For Tax Justice: the creation of a public database of country-by-country reporting data

February 17, 2017   #OD4TJ, Blog, Country by Country, Reports

How much tax do multinational companies pay in your country? Leading tax justice campaigners (including the Tax Justice Network) and open data specialists are working on helping you find out with their open data for tax justice project. Today they’re publishing a white paper entitled What Do They Pay? which sets out a roadmap for the creation of a OD4TJlogoglobal public database on the tax contributions and economic activities of multinational companies. More details about the project can be found at datafortaxjustice.net. Hashtag for following developments on social media is as you see it on the right #od4tj

Crowdsourcing request: “We are not a tax haven!”

November 18, 2016   #OD4TJ, Blog, Tax Havens

od4tj-logo-onlyOver the years, we’ve chronicled the tax haven denial of many secrecy jurisdictions, even building a partial list of those who have publicly claimed “We are not a tax haven!” Now, at the prompting of tax twitter (notably Mary Cosgrove and Stephanie Johnston, with honourable mentions to Aisling Donoghue, Toby Quantrill and Richard Smith), we thought we’d have a go at crowdsourcing a more full listing.

This is being done as part of the Open Data for Tax Justice project which TJN and our partners at Open Knowledge International have set up with Omidyar Network support, to which new members are always welcome (our major focus at the moment is on the creation of a public database of country-by-country reporting – on which your views are sought).

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