July 14th, 2011
Richard Murphy of Tax Research UK, a
coordinating committee member of the Task Force, has released a new report on
tax haven abuse on behalf of the Public and Commercial Services Union (PCS), War on Want, and the Tax Justice Network. The report examines the effects of tax havens on tax collection, financial stability, corruption and poverty. In addition, it looks at the consequences of secrecy laws in tax havens on the international financial system. The report expresses concern over the direction tax law is moving in, stating:
PCS wishes to draw attention to the massively worrying...July 13th, 2011
Senators Introduce Bill to Stop Offshore Tax Havens
Accounting Today, July 13, 2011
It pays to be Murdoch. Just ask US gov't
Reuters, July 12, 2011
Tax Havens lure one third of foreign investments by Indian companies
Institute of International Trade, July 13, 2011
Disney embroiled in Russian tax row
The Moscow News, July 13, 2011
Macau and Australia ink agreement on tax
Macau Business, July 13, 2011
Expert says banks fail money laundering
SC Magazine, July 12, 2011
July 13th, 2011
Poverty ain’t what it used to be, nor for that matter where it used to be either. As the nature and location of poverty continues to change, the illicit financial flows agenda becomes all the more important for development.
Historically, the vast majority of people living on less than a dollar a day (or $1.25, where the World Bank’s line is now drawn) did so in low-income countries (LICs); that is, in countries with per capita gross national incomes less than $1005. So: income-poor people lived in income-poor countries. Simples. And true: twenty years ago, 93% of those in...
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July 12th, 2011
If Congress fails to raise the debt ceiling before August 2nd, there will be an economic Armageddon.
In the overwhelming majority of cases, I’m opposed to this sort of sensationalist statement. American politics has become far too wrapped up in overstating the consequences of a particular moment, occurrence, or action. Even economists, who as a general rule are a pretty levelheaded bunch, have exhibited a strong tendency to sound sensational over the last few years.
The reason for this, partly, is that the Great Recession has brought with it a series of critical economic moments that really have required swift and...
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