Nick Shaxson ■ The politics of country-by-country reporting
“I miss the old days, when country-by-country reporting was a transparency measure.
. . .
the OECD has, in effect, agreed to fail to meet its commitment”
As Cobham noted recently, and the FT picked up on, “strangled at birth.”
“The US letter reflects a shift towards the real underlying issue: an objection to transparency itself.”
The U.S. section is particularly depressing, but hardly surprising in light of the U.S.’ appalling record in attempting to torpedo international transparency initiatives elsewhere. (Read this and weep.)
“prevarication around public data continues – now with a proposed consultation.”
Still something to play for, but thin pickings.
“It seems that public CbC has been excised from the latest draft of the draft Financing for Development text for the UN conference to be held in Addis, in July, leaving a line on CbC for tax authorities which adds nothing to the OECD position. Sigh.”
“the UK government reiterated at a conference on Friday its manifesto commitment to consider the possibility of public CbC.”
And in conclusion
“One way or another, the current period is likely to mark an important turning point in international tax transparency.”
It is depressing, but all is not lost. Now read on.
The US beneficial ownership law has its weaknesses, but it’s a seismic shift
Argentina keeps pushing to be at the vanguard of transparency. Now they need to make more information public
How a mini movement overturned secret US shell companies
Taxing Wall Street: the Tax Justice Network December 2020 podcast
Researcher vacancies at the Tax Justice Network: Latin America and Francophone Africa
The Corporate Tax Haven Index: a Joint Research Centre audit
The UK’s #ImperialInequalities: Past, present and future
$427bn lost to tax havens every year: landmark study reveals countries’ losses and worst offenders
The State of Tax Justice 2020
20 November 2020