January 20th, 2015
The lux leaks saga moved up a couple of gears last week. First of all, a large number of MEPs broke ranks with their leadership to publicly back a European Parliament committee of enquiry
into the so-called ‘sweetheart deals’ that Luxembourg concluded with hundreds of multinational companies to minimise their tax bill. The Parliament’s political decision-making body, the Conference of Presidents, has yet to formally approve
the enquiry but the genie seems to be well and truly out of the bottle now, even if there are reports
that EPP deputies are being put under pressure to withdraw their signatures. The enquiry...
August 28th, 2014
The Deputy President of South Africa, Cyril Ramaphosa
, has issued some strong words against individuals and corporations funneling money out of the country to avoid taxes. Speaking at the National Council on Provinces, Ramaphosa called on citizens to report cases of tax evasion.
May 6th, 2014
April 9th, 2013
Every year, multinational corporations avoid billions of dollars in taxes globally by using abusive profit shifting to move revenue to tax havens and costs to jurisdictions where they actually do business. This is called transfer pricing, and is the biggest problem that the Task Force's Country-by-Country Reporting recommendation is designed to fix, by forcing publish exposure of where firms are reporting their figures.
We're Not Broke, the documentary released last year on corporate tax avoidance and the movement to change it, is now available in segments on Youtube. And unlike our previous post on We're Not Broke, the segments are...