In the May 2016 Taxcast: What is corruption? Well, that’s a political question, and the answer depends on who you ask. We discuss the anti-corruption summit in the City of London, the world’s capital of sleaze and ask if the sun ever set on the colonial era and the idea that corruption is a poor country issue. We explore extortive corruption versus collusive corruption and look at a new Poll which indicates for the first time the vast gulf between what the British people consider corrupt, and what has become a ‘normal’ way of doing business and politics. The overlap between the public and private spheres raises serious questions about democracy – and the nature of global fraud.
Welcome to the Taxcast – the Tax Justice Network’s monthly podcast: around 30 minutes of unmissable corruption, scandal and analysis on tax havens, tax dodging and financial secrecy you won't hear anywhere else – we cover the battles for transparency, fairness and the public interest. Each month we speak with experts in the field to help us analyse the top global stories.
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In the April 2016 Taxcast: we discuss the biggest offshore leak in history, the #PanamaPapers: could it provide an opportunity for nations to expand their secrecy market share? Once again, all eyes are on Trusts… Also, as the #LuxLeaks whistleblower Antoine Deltour’s trial begins in Luxembourg, we ask why protections for whistleblowers are being eroded and what it says about the state of our democracy.
In the March 2016 Taxcast: Is the US president really serious about tackling corruption in the finance sector? Are the presidential candidates? Now they can prove it. Bank Whistleblowers United tell us how they can restore the rule of law to Wall Street and avoid the next financial crisis in 60 days without any new legislation. Plus: why a wave of tax amnesties is likely to sweep across the world (how does 1% tax and immunity from prosecution sound?), what the very first transparency data on banks exposes about how they do business, and more scandal and analysis.
In the February 2016 Taxcast: which country is the second easiest in the world after Kenya to set up an anonymous shell company? We shine the spotlight on tax haven USA and the lawyers secretly filmed by Global Witness advising a fake corrupt African government Minister. Also: we discuss Google’s tiny tax payment in the UK and how politicians are interfering with the independence of our tax authorities, and the rise of the unnoticed tax haven of Taiwan. Plus more scandal and analysis.
In the January 2016 Taxcast: What’s Scotland got to do with the plunder of Moldova? We take a look at the ‘Wild West’ of Scottish Limited Partnerships. Also, we discuss the tensions in the EU; is the net finally closing on multinational companies, the tax minimisation deals they’ve been getting from various European countries and the big four accountancy firms who advised them? Just how bad was the sell off of one of Colombia’s most profitable power generation companies? And what’s former UK Prime Minister Tony Blair got to do with it? Also, we talk about the MEP who’s dragging the European Commission through the courts to get access to papers they’d rather we didn’t see. John Christensen will eat his hat if they DON’T reveal what MEP Fabio De Masi suspects they will: ‘systematic political backup for a tax avoidance cartel that costs taxpayers in the EU hundreds of billions of dollars annually.’
In the December 2015 Taxcast: We get some insights into the usually closed world of the wealth managers who serve the super rich. Also: on a par with Kissinger being awarded the Nobel Peace prize? We discuss the British Banker’s Association getting one of their own into the UK government Treasury, why Facebook’s Mark Zuckerberg’s $35 billion ‘charity’ pledge isn’t what it seems, and the anonymous survey of accountants that reveals corruption is rife and the self-regulating profession can no longer be trusted.
In the November 2015 Taxcast: Why is the City of London losing so much business to New York, Hong Kong and Singapore? Our conclusions are quite different from those of a British Bankers Association report on the subject. Plus: the crazy UK-China nuclear power station deal: a sweetener for closer ties between the two nation’s financial sectors? One year after #LuxLeaks exposed some of the secret tax deals being done between government tax authorities and multinational corporations we ask how many more ‘illegal state aid’ deals might have been made? Plus we have a special focus on the results of the latest Financial Secrecy Index 2015 released this month: we look at the top ten worst offenders and ask what can be done about them.
In the October 2015 Taxcast: We look at the ‘remittance cartel’, their ‘taxing of the poor’ with monopoly prices in a juicy $450-500 billion market. Also: ‘comfort letters’ and the game changing European Commission ruling that the tax agreements between Luxembourg, the Netherlands, Fiat and Starbucks constitute illegal state aid. We analyse the rich country club of the OECD’s BEPS proposals for reform of the global corporate tax system: will it really address corporate tax avoidance and evasion?
In the September 2015 Taxcast: The next financial crisis? We look at offshore and the trillion dollar derivatives market. Plus: we discuss how Mexico’s trying to force multinational companies to pay more tax, how recent market madness originating in China shows why we need a Financial Transactions Tax more than ever, and why the recent election by a landslide of UK opposition leader Jeremy Corbyn is a game-changer.
In the August 2015 Taxcast: Sun, sea and tax: the Taxcast goes to Mexico and looks at how multinational tourism operates there. Plus why Luxembourg is printing euros like there’s no tomorrow, Brazil offers its tax dodgers an amnesty and we ask how much longer ’emerging economies’ and other countries left out of the reform of global tax rules will put up with it. Plus more scandal and unique analysis.
In the July 2015 Taxcast: in a special extended programme we look at the crisis in Greece and ask whatever happened to European unity? Also: we discuss the European Parliament’s vote for multinational corporations to report their activities on a public, country by country basis: the push to give poorer nations a say in international tax rule-making fails after three days of three days of bullying in Addis Ababa BUT Tax Inspectors Without Borders gets the green light. Plus more scandal and unique analysis.
Racketeering, money laundering and bribery in international football: the FIFA scandal demonstrates everything that’s wrong with global finance and attitudes to business. Also: the EU Commission releases a laughable tax haven blacklist with some glaring omissions, we put FIFA’s auditors KPMG under the spotlight, Walmart is exposed for paying minimal taxes. And more…
In the May 2015 Taxcast: Do our politicians believe in the societies they serve or not? The Taxcast looks at making the tax returns of our elected representatives public, and the inspirational achievement of journalist Umar Cheema of the Centre for Investigative Reporting in making Pakistan only the fourth country in the world to publish the tax returns of its Parliamentarians. Also: how the British general election demonstrates political capture by financial interests; libertarian paradise – the world’s newest tax haven; and is Singapore trying to shut down reporting on its tax haven status?
In the April 2015 Taxcast: How just are our tax systems towards women? Plus: one of the USA’s biggest corporations (and tax avoiders) is repatriating billions from offshore and re-focusing on good old manufacturing again; and remember how the UK Prime Minister was ‘leading the world’ in transparency measures not so long ago? We discuss the letter a former Cayman Islands lobbyist and Conservative peer wrote at the time to reassure the tax haven that it was an empty gesture to distract from the proposed Financial Transaction Tax.
In the March 2015 Taxcast: Democracy for sale: how our politics are heavily reliant on tax haven-friendly donors. Also, we ask: why is HSBC shutting down offshore accounts in Jersey? Are we in the final few years of the corporate income tax? Is Australia’s exempting of big companies from new transparency rules a joke? Plus more scandal and analysis you won’t find anywhere else.