Tax justice and public contracts, Brexit threats, criminal dodges and crackdowns in our January 2017 podcast
In this month’s Taxcast, our monthly podcast: we look at tax justice and public procurement – the efforts to hit tax dodging companies where it really hurts on a local level – trying to stop them bidding for public money for public contracts. Also:
- how massive amounts of money are flowing into Tax Haven USA to circumvent the flawed Common Reporting Standard – South Dakota is apparently raking in tax evading capital
- the slippery world of ‘residence planning’ and the ‘synthetic residency’ dodge
- we discuss the UK’s Criminal Finances Bill likely to be passed this year, which includes proposals for ‘Unexplained Wealth Orders’ and holding tax evading enablers to account. An amendment to the bill could force UK satellite tax havens, the overseas territories to create public registers of the real owners of companies, something they’ve so far refused to do.
- and we consider the British threat to the EU: ‘if you give us a bad Brexit deal, we’ll push regulation-lite, tax haven UK even further in a race to the bottom and shoot ourselves in the foot.’
Fight Inequality week of action is live – together we are stronger Global Alliance for Tax Justice
See also: The scourge of inequality: There can be no peace or freedom while it persists
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.
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