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.
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.
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 global 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
It is a fact that the trust laws of some tax havens openly promote illegality. The reality that some tax havens will not enforce foreign laws (e.g. ensuring non-recognition of foreign laws and judgements that favoured legitimate heirs and former spouses) is even publicly advertised by some offshore service providers, not on the deep web like drugs and illegal weapons, but on the internet, accessed by a simple google search on tax or estate planning.
Despite this, there has been some reluctance from governments to take on the issue of trusts, and some difficulties posed for governments that have attempted to deal with some of their more problematic features. Today, a new paper called Trusts – Weapons of Mass Injustice from the Tax Justice Network attempts to reopen the debate on trusts, and argues that there is urgent need for effective measures to curtail their activities.
The introduction of a key policy tool against multinational companies’ tax avoidance has been handled so badly that developing countries are now exposed to worse inequalities. In a new report published today, we call for immediate changes to limit the damage done.
Yesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”.
The report published yesterday analysed the proposed reforms at HMRC by looking at the history of the department’s reform programmes and using a survey of 2000 HMRC staff who are members of the PCS Union. Although the report only deals with the UK tax authority, the findings may seem familiar to many tax authorities around the world who have faced austerity drives in recent years. In this article report author George Turner sets out some the issues.