Contact: Senator Levin’s Office Phone: 202.224.6221 U.S. Senator Carl Levin Introduces Nicholas Shaxson, Author of the New Book “Treasure Islands,” at the National Press Club Full Text, Speech as Prepared for Delivery Good morning. I’d like to thank Nick Shaxson and the Financial Accountability and Corporate Transparency Coalition for inviting me to discuss for a
WASHINGTON – The U.S. Department of Justice is seeking records about American clients of HSBC in India who might be evading taxes, broadening the government's probe of banks suspected of helping tax dodgers.
A report from Spanish observatory on foreign affairs from the Fundación alternativas, reveals that measures adopted by the G20 to fight against tax havens and tax evasion have not been implemented yet. The report entitled “The fight against tax havens and tax evasion: Progress since the London G20 summit and the challenges ahead” proposes ways to implement measures that have already been adopted.
The financial crisis in 2008 highlighted the harmful effect of tax havens on the economy of developed and developing countries. It was a key issue at the G20 London Summit in April 2009, where leaders...
As the United States budget deficit currently looms large in the national conversation, Lesley Stahl of CBS News’ 60 Minutesexplored American companies’ use of tax havens this past Sunday (Watch the full segment in the video below). Every year, U.S. companies avoid paying $60 billion in tax by moving the “headquarters” of their corporations abroad, at least on paper. As Stahl notes, this is not a new issue as American companies also moved their assets abroad in...
