Tax Havens

Massive Attack: Eutopia in Three Acts

It is hard to overstate the contribution made by Massive Attack to the music world and beyond it over decades. Formed in 1988 in Bristol, UK, they released one of the most iconic singles of 1991, “Unfinished Sympathy“. After this…

Watershed data indicates more than a trillion dollars of corporate profit smuggled into tax havens

UK, Switzerland, Luxembourg and the Netherlands – the “axis of tax avoidance” – are responsible for 72 per cent of global tax losses Analysis of new OECD data published yesterday, on the basis of a reporting standard developed by the…

Scotland joins wave of countries blocking tax haven-tied corporations from receiving Covid-19 bailouts

The Scottish Government has backed a Green Party amendment to exclude corporations registered in tax havens, or with subsidiaries or other arrangements in tax havens from receiving Covid19 bailouts. To date, Wales, France, Belgium, Denmark, Poland and Argentina have all…

Elite Banking at Your Expense: How Secretive Tax Havens are Used to Steal Your Money

Tax havens are locations around the world where wealthy individuals, criminals and terrorists, as well as governments and government agencies (such as the CIA), banks, corporations, hedge funds, international organizations (such as the Vatican) and crime syndicates (such as the…

British Tax Havens resist regulation with threats of independence

“British overseas territories win reprieve after threatening legal action or secession”. The Guardian reports that “The government has been accused of defying parliament by delaying plans to require British tax havens such as the British Virgin Islands to bring in public registers…

Ken Livingstone: Decade after 2008 crisis, no changes made, richest get richer, inequality growing

By Ken Livingstone This month marks 10 years since the collapse of Lehman Brothers created the worst economic crisis since the Great Depression of the 1930s, but governments have failed to make changes necessary to prevent a similar collapse. Back…

The Paradise Papers are much more revealing than people think

Nobody is surprised anymore by leaks that uncover how the world’s richest people stash their money in tax havens. In 2016 we saw the Panama Papers, and now we have a new leak: the Paradise Papers, naming the Queen of…

Tax Justice UK calls for the Prime Minister to clamp down on tax avoidance in the wake of new leaks

PRESS RELEASE | 5 NOVEMBER 2017 Tax Justice UK, the country’s leading campaigning organisation dedicated to fighting for a fairer tax system, has called on the Prime Minister to take the action needed to tackle tax avoidance in the wake…

A day that European ideals bleed

By Aleksandar Novaković for DiEM25. The brutal political murder of Maltese journalist Daphne Caruana Galizia (53) mother of three, has shaken the European political scene. Caruana Galizia’s work highlighted cases of alleged corruption among Maltese government officials. Known for her…

Global crises accelerate as Tax Havens hide trillions for world’s greedy few

While new research suggests 10 percent of world GDP held in offshore shelters, UN human rights expert says poorest paying enormous price by Jessica Corbett, staff writer for Common Dreams While the world’s richest stash trillions away for themselves, outlandish…

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