July 29th, 2011
British government gets tough on corruption abroad Ghana Business News, July 28, 2011 ING says could face fines following U.S. investigation Reuters, July 27, 2011 Fail, Brittania NPR, July 29, 2011 India cabinet drafts anti-graft bill, activists slam as weak Reuters, July 28, 2011 UK ‘helps dictators buy Paris homes’: African leaders accused of stealing
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July 14th, 2011
Business leaders look forward to the “Stop Tax Haven Abuse Act” Business Day, July 14, 2011 Tax Haven abuse costs the UK government £16 billion per year Telegraph, July 13, 2011 Seoul to clamp down on wealthy people’s offshore tax evasion Yonhap, July 14, 2011 Armor Holdings charged in U.N. bribery scheme Washington Post, July
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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
This report is the first that PCS has produced on the subject of tax havens. It has prepared it for four reasons. First, PCS is committed to a fair, progressive tax system. It sees tax havens (or secrecy jurisdictions as we prefer to call them) as a threat to the establishment of such a
system. This report notes that the UK might lose up to £18 billion a year as a result of the use of tax havens. This loss contributes significantly to the overall UK tax gap that PCS believes currently amounts to at least £120 billion.
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