TJN laments the closure of the Centro de Economía y Finanzas para el Desarrollo de la Argentina” (Cefid-ar), an Argentine organisation heavily involved in research on illicit financial flows.
Their work has shed light on capital flight from Argentina, estimating the figures of hidden money held offshore by Argentine residents. Their papers also focused and explained the role of enablers in the illicit financial flows system, and provided insight on transfer mispricing mechanisms by agribusiness exporters, one of the main economic sectors of the country.
Many of Cefid-ar members, including Jorge Gaggero, Verónica Grondona and Magdalena Rua have been very involved with TJN and have helped raise awareness and understanding of the issues related to tax havens, secrecy, tax evasion and avoidance. We hope Cefid-ar, their expertise and skills will soon be able to keep on carrying their important work.
As an update, Verónica Grondona has just co-authored (with Martin Burgos) a policy brief “Mispricing Argentine soybean exports,” published by NUPI with background in research work done at CEFID-AR. An early study on transfer pricing manipulation in Argentina is here.
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The Offshore Wrapper is our weekly roundup of news from the world of tax justice. If you want to receive the wrapper every week in your inbox, you can subscribe here.
Could we be seeing a return to the bad old days of Swiss Banking? A right wing party in Switzerland, the Swiss People’s Party, has launched an assault on the automatic exchange of banking information, according to Swiss Daily Newspaper Tages Anzeiger.
Below is the text of the offshore wrapper, a weekly roundup of news from the world of tax justice sent out to our mailing list. If you haven’t signed up yet and would like to receive the wrapper in your inbox every week – you can do so here.Open data for tax justice – designing a new CbCR database
This week, TJN participated in a design sprint in London organised by Open Knowledge International. The purpose of the sprint was to bring together coders and tax justice advocates to start work on building a database for the new country by country reporting data that we hope will be released in the future, if public […]New research on key role major economies play in global tax avoidance
An important new study on Offshore Financial Centres (OFCs) from the University of Amsterdam has made some fascinating discoveries, challenging, as the Financial Secrecy Index has, the popular misconception that tax havens are only palm fringed little islands and exposing that in fact major economies play a key role in global tax avoidance. Specifically they’ve […]About The Author
Nicholas Shaxson is a journalist and writer on the staff of Tax Justice Network. He is author of the book Poisoned Wells about the oil industry in Africa, published in 2007, and the more recent Treasure Islands: Tax havens and the Men who Stole the World, published by Random House in January 2011. He lives in Berlin
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