While recent elections in France, U.K. and the U.S.A. have shown the results of globalisation gone bad, Sweden has successfully adapted its development model to make globalisation work for the majority of its people.
Taken as a whole, the tax plans just announced by US President Donald Trump, which include abolition of the inheritance tax, could represent the largest tax cut for billionaires and millionaires in US history. According to the President, this will stimulate growth and job creation. There’s no evidence to support this; in fact the evidence suggests the exact opposite.
So near and yet so far…
Hopes were riding high yesterday that UK parliamentarians might seize the opportunity to take historic action to end decades of financial secrecy in the UK’s Overseas Territories. We blogged about this yesterday highlighting the fact that a lot of ongoing Parliamentary business was at risk of being shelved because of the sudden general election called by British Prime Minister Theresa May. There’s a phenomenon known as the wash-up period which “refers to the last few days of a Parliament before dissolution. Any unfinished business is lost at dissolution and the Government may need the co-operation of the Opposition in passing legislation that is still in progress.”
The problems with measuring tax systems SPERI
‘In debates about tax policy we need to de-emphasise the role of economics and measurement and rekindle the politics’. Blog by TJN’s Nicholas Shaxson, author of Treasure Islands: Tax Havens and the Men Who Stole the World.
The Despot’s Guide to Wealth Management – On the International Campaign against Grand Corruption
New book by Jason Sharman
How human rights law has been used to guarantee corporations a ‘right to profit The Conversation
Read about Tax Justice and Human Rights here.
UN urges US to not exploit American Samoa The Guam Daily Post
‘The United Nations has “strongly urged” the United States to refrain from using American Samoa as, among other things, a tax haven’. A significant shift? Development policy guidance recognises that tax havenry hurts the local population.
Luxembourg Frieden says government should lower taxes for companies, private individuals Luxemburger Wort
‘…says Luxembourg must become more competitive when it comes to taxes’. Read about the Race to the Bottom, here.