Financial Transparency Coalition

Corporate America, in part through the now-dissolved WIN America Campaign, has spent a good portion of the last few years lobbying for a tax holiday. They would like Congress to allow them to repatriate deferred tax dollars that are sitting offshore and pay a very low tax rate, instead of the 35% that they owe. U.S. companies are allowed to wait to pay taxes on "foreign" income until they bring the money back into the United States. I put the word foreign in quotes because we know that "foreign" income is often just the result of abusive transfer pricing,...

The Tax Justice Network has now collected a significant number of documents together in its "Offshore History" page. The latest addition is a history of the emergence of the Cayman Islands as a tax haven / secrecy jurisdiction, which is here. The full Offshore History page currently reads as below. Comments and suggestions for additional material would be gratefully received. Offshore History: Articles and online documents Dec 2010 - Tax Analysts 40th anniversary commemorative book, where 50 tax folk are invited to answer the question: What is one of the most significant changes to tax administration, practice, or...