Joseph Stiglitz’ UN Commission of experts on reforming the international monetary and financial system makes several points about the links between tax havens and the financial crisis, many of which TJN has proposed before. See here, and follow the link to the original report.
Nicola Liebert of TJN-Germany and Axel Troost of the German Bundestag examine the links between tax haven and the economic crisis here, March 2009.
Jim Stewart’s investigation into the role of tax havens and tax and regulatory competition in Dublin’s International Financial Services Centre here (and the editorial in the same document gives additional analysis.)
TJN’s submission to the UK Treasury Committee on offshore financial centres, here, followed by a series of blogs: Part 1 – Part II – Part III (what to do) – Part IV (nation states and global governance.) This has been followed by a blog looking at fragmented financial architecture, and a look at the role of accounting in all this.
Several political leaders supporting TJN’s analysis, here (a top US senator, Carl Levin); here(French Prime Minister); here (French president)
Other commentators, such as here (UK focus, by Willem Buiter); here (Sunday Herald analysis); here (TV debate on tax havens and tax competition); here (the FT); here the IMF and the OECD recognising the problem); here (a former top banker); here (a legendary US crime-fighter).
Prof Sol Picciotto looks at a case study involving Bermuda and a credit derivatives swaps company here.
In addition, note the role that illicit flows have played in macroeconomic imbalances that built up ahead of the market disruptions. Click here, and watch this space for more.
Richard Murphy gives an example of how offshore incentives interact with executive remuneration (May 2008).
TJN’s article that appeared in the UK’s Guardian newspaper, written by John Christensen and Richard Murphy.
March 2009 – Undue Diligence: How Banks do business with corrupt regimes – Global Witness.
Sept 2007 – TJN recommendations, including on intermediaries – TJN
2005 – The Blood Bankers: Tales from the Global Underground Economy, James S. Henry. A forensic investigation into the world of offshore banking, with particular (but not exclusive) focus on Latin America.
We are an independent international network launched in 2003. We conduct high-level research, analysis and advocacy on international tax; on the international aspects of financial regulation; on the role of tax in society; and on the impacts of tax evasion, tax avoidance, tax 'competition' and tax havens. We seek to create understanding and debate, and to promote reform, especially in poorer countries. We are not aligned to any political party.