Poor Countries Lose Billions from Tax Avoidance, Reveal "Mauritius Leaks" (tags)
The International Consortium of Investigative Journalists (ICIJ) released evidence that laws in the country of Mauritius help corporations avoid taxes globally, including on the continent of Africa.
The Struggle against Aggressive Tax Avoidance (tags)
Experts estimate a fifth of world wealth is hidden from the tax authorities of states and considerable parts of international corporate profits are not taxed. Google and Amazon parked billions in shadow financial centers. Tax avoidance makes a functioning state impossible
5 Questions on Tax Justice (tags)
Tax justice must be created and tax avoidance stopped to fight inequality and poverty. Apple paid 0.0005% tax on its profits in Ireland - merely 50 euros on a million euros profits. Corporations dodge their just contribution as part of society through tax avoidance.
New US Bills Introduced to Tackle Global Tax Avoidance and Corruption (tags)
This week a series of legislation was introduced in the House and Senate that takes aim at corporate tax avoidance and foreign corruption.
Tax Avoidance: Drastic Consequences for the Public (tags)
Taxes are the most important foundation of all government activities and public services. Corporate economic activity and profits cannot be clearly assigned to individual nation states anymore. Founding offshore centers is child's play Tax avoidance and tax fraud lead to revenue crisis
New Report Finds Corporate Offshore Tax Avoidance a Growing Problem (tags)
According to a new report, secretive offshore tax avoidance practices are on the rise among multinational businesses.
Tax Flight, Tax Avoidance and the Contribution of the Rich to Society (tags)
Multinational businesses cause the greatest losses through tax flight and tax avoidance. Between $21 and $32 trillion are invested in tax havens. Tax flight is a problem for democracy. Without tax revenues, politics renounces on creative possibilities.
At G7 Summit Trade and Debt Policies Take Center Stage; Bishops Call on G7 to Enact Global (tags)
G7, Jubilee USA Network, Debt
OECD Takes Strong Stance on Corporate Tax Avoidance (tags)
The Organization for Economic Cooperation and Development (OECD) released a major proposal for curbing corporate tax avoidance yesterday. The OECD recommends international cooperation to prevent large corporations from avoiding taxes in the countries where they do business. The OECD plan comes amidst increased calls to crack down on corporate tax avoidance.
United Nations Small Islands Conference Fails to Address Major Debt and Tax Crisis (tags)
As the Third International Conference on Small Island Developing States (SIDS) continues in Samoa, the agreed upon final outcome statement fails to address the major debt and tax crises facing many of the attending countries. According to the World Bank, 10 of the 30 most heavily indebted countries in the world are small islands.
IMF Paper: Corporate Tax Avoidance Hurts Global Economy and Poor Countries (tags)
The International Monetary Fund (IMF) released a staff paper noting that corporate tax avoidance negatively impacts all economies, but hurts developing countries the most. The IMF's release comes as the G20, the Organization for Economic Cooperation and Development and United Nations bodies seek vehicles to diminish corporate tax avoidance.
Representatives Doggett and DeLauro Introduce Legislation to End Sequestration and Corpora (tags)
Rep Doggett introduced a replacement to the sequester today which would make it harder for corporations to use tax havens.
Trillions down the drain (tags)
The truth will make some of us free. Savvy businessmen with their financial productions and financial innovations brought the world economy to the brink of collapse. Closing tax havens and shadow banking, redistribution from top to bottom and food security would help restore trust.