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Danny Alexander on tax havens and grabbing more more tax (15Jun13)
Liberal Democrat Danny Alexander talks about the tax havens, and how he wants to screw more tax and ore tax, and mroe tax out of them. Meanwhile the governme…
By: liarpoliticians
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Danny Alexander on tax havens and grabbing more more tax (15Jun13) – Video
India has approached over half a dozen foreign jurisdictions, including Singapore and some tax havens, for banking and other financial details of more than 500 individuals and entities that might have ‘secret offshore accounts’ at those places.
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India Approaches Tax Havens on Black Money Expose
Video question from Johan on tax havens
By: DebatingEurope12
Complete News Guam preps as North Korea threatens, netizens skewer French minister for tax havens
By: Aysu Akman
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Complete News Guam preps as North Korea threatens, netizens skewer French minister for tax havens – Video
simpleshow explains tax havens
Tax havens are today in media and talks. But what its all about it? simpleshow explains in this explainer video! www.simpleshow.com/en www.simpleshow.com/blog.
By: simpleshow
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simpleshow explains tax havens – Video
Member States must endorse an EU strategy against tax fraud evasion and tax havens (BROADCAST VIDEO)
Ahead of EU Summit, due to focus on tax fraud and tax evasion, the European Parliament adopted its own recommendations that all Member States should endorse …
By: ALDEGroup
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Member States must endorse an EU strategy against tax fraud evasion and tax havens (BROADCAST VIDEO) – Video
Interview: Tax havens
Is the EU doing its utmost to fight tax evasion and tax havens? And what's the best way to keep money in the EU and in taxpayers' pockets? We asked two MEPs….
By: European Parliament
Pressing the G8 to get tough on avoidance is hypocrisy while British dependencies like the Caymans are still in business I cannot see the point of tax havens . Or rather, I can see the point, but not why we tolerate them. They are licensed theft from the exchequer, offshore fiscal Scud aimed directly at the nation's budget. For a decade politicians in Washington, London and elsewhere have railed …
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First, David Cameron should bring his own tax havens to book | Simon Jenkins
ALMOST half of all money invested in developing countries is channelled through tax havens and deprives the world’s poorest countries of tax revenue, according to the charity ActionAid.
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Tax havens harming developing countries
People using tax havens have deprived governments worldwide of STG100 billion ($A155.63 billion) in revenue, enough to end extreme poverty twice over, according to Oxfam.
The charity says the total amount of lost tax revenue is far higher than STG100 billion, as the figure only includes tax dodged by individuals, and not companies.
More than STG12 trillion is held in tax havens around the globe and more than a third of this is believed to be held in British Overseas Territories and Crown Dependencies, according to Oxfam estimates.
Emma Seery, Oxfam’s head of development finance and public services, says it is time for the British government to act.
‘The figures put the UK at the centre of a global tax system that is a colossal betrayal of people here and in the poorest countries who are struggling to get by, and put the government on the side of the privileged few,’ she said.
The figures were released as British Prime Minister David Cameron attends a European Council meeting in Brussels where European heads of state will discuss the global tax system and tax evasion.
Oxfam has called for a blacklist of tax havens and an agreement that EU member states will impose sanctions against tax havens and those using them.
The charity is part of the Enough Food for Everyone IF campaign, which is calling on the G8 to make all tax havens end secrecy by sharing tax information.
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Tackle tax havens, urges Oxfam
Poorer nations lose three times more money to havens a year than they get in aid. The G8 has the chance to change this The Guardian has brought yet more news about the widespread use of tax havens by some of the world's largest multinationals operating in developing countries. From ActionAid's own investigations we know that these tax havens can all too often provide vehicles for tax avoidance …
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Tax havens are entrenching poverty in developing countries | Richard Miller
Ninety-eight FTSE 100 groups are running holding companies offshore.
And nearly 40 per cent of their 22,000 overseas subsidiaries and associated concerns are registered in tax havens.
ActionAid said that despite government talk of a crackdown on havens and tax-doding, the situation has only got worse and is having a devastating effect on poor countries.
Ten FTSE 100 multinationals have their headquarters in tax havens, up from nine in 2011.
Seventy-eight of the FTSE 100 do business in developing countries and ActionAid said tax havens were allowing multinationals and individuals to siphon off billions of pounds from the world’s poorest countries.
The charity’s tax justice policy adviser Mike Lewis said: “Tax havens are one of the biggest hidden obstacles in the fight against global poverty.
“Poor countries lose an estimated three times more money to tax havens than they receive in aid each year – money needed to build roads, fund schools and finance developing countries’ own fight against hunger and poverty.
“Four years after G20 leaders promised an end to tax havens, tax haven structures are near-universal amongst the UK’s biggest multinationals.”
He called on the G8 leaders, meeting in Northern Ireland next month, to “call time on tax havens for the benefit of all countries, including the poorest.”
Labour shadow exchequer secretary Catherine McKinnell said: “These figures show the scale of the challenge we face in tackling tax avoidance.
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FTSE100 firms flock to tax havens
Report Claims Tax Havens Cost Africa $38 Billion a Year
Campaigners are calling for the world's richest countries to end so-called tax havens, which allow companies to transfer profits among jurisdictions and redu…
By: VOAvideo
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Report Claims Tax Havens Cost Africa $38 Billion a Year – Video
Published: 12:16am, 13th May 2013
Two thirds of all the subsidiary and associate companies of the UK’s 100 biggest publicly-listed businesses are registered in tax havens, according to research by a charity.
ActionAid – which fights against poverty around the world – said despite a promised government crackdown on tax havens and scandals over tax avoidance, the number of FTSE100 companies with offshore havens has not dropped.
It called upon David Cameron to tackle the issue at the G8 summit in June, and said the world’s poorest countries were suffering because their wealth was being “siphoned” away.
The charity’s analysis of the FTSE100′s subsidiaries, joint ventures and associated companies were compared to similar research released 18 months ago. It found the number of FTSE100 multinational groups with companies in tax havens – 98 – is the same as it was in October 2011, and ten of them have their headquarters in tax havens – up from nine in 2011.
The study revealed 78 of the FTSE100 do business in developing countries, and every new entrant to the FTSE100 since 2011 has tax haven companies. Nearly 9,000 the FTSE100′s 22,000 overseas companies are located in tax havens, and while the total number of overseas companies decreased since 2011, the proportion of those located in tax havens rose from 37.8% to 38.2%.
ActionAid said tax havens were allowing multinational companies and wealthy individuals to drain billions of pounds from poor countries.
Mike Lewis, the charity’s tax justice policy adviser said: “Tax havens are one of the biggest hidden obstacles in the fight against global poverty. Poor countries lose an estimated three times more money to tax havens than they receive in aid each year – money needed to build roads, fund schools and finance developing countries’ own fight against hunger and poverty.
“Four years after G20 leaders promised an end to tax havens, tax haven structures are near-universal amongst the UK’s biggest multinationals. Now, with David Cameron promising action on tax havens at this year’s G8, the problem is on the UK’s doorstep. The UK is responsible for 1 in 5 of the world’s tax havens – that’s more than any other country.”
The ActionAid researchers found 58% of FTSE100 banks’ overseas companies were in tax havens – 1,780 – and almost a third of the countries in which Ftse100 banks operated were developing countries, yet they have 13 times as many companies located in tax havens as in developing countries.
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Charity demands tax havens action
Enough Food IF campaigners warn UK tax havens’ destructive impact on poor countries is the ‘elephant in the room’ at the G7 finance ministers meeting(Photo: Oxfam)
Development agencies are urging the Chancellor to take the lead in ending tax dodging at a meeting of G7 finance ministers this week.
The IF campaign said UK tax havens were the “elephant in the room” at the meeting, which gets underway on Friday.
Campaigners warn that developing countries are losing out on vital income that could be used to ensure their people have enough food to eat.
They are disappointed that the UK’s tax havens are not on the agenda at this week’s meeting, saying it should be an opportunity to fulfil David Cameron’s commitment at Davos to use this year’s G8 to clamp down on tax dodging in poor countries.
With one in five of the world’s tax havens under UK jurisdiction, IF campaigners are asking the Chancellor to lead the way by implementing a 90-day plan to clampdown on the UK’s own tax havens.
People have been tweeting George Osborne throughout the day to show their support for the IF campaign’s call.
To highlight the need for change, a pop-up boardroom was set up next to the Treasury in central London, complete with a large inflatable elephant and a campaigner dressed as George Osborne.
Matthew Frost, chief executive of IF member organisation Tearfund said: “As Christians, we believe that we must handle money with integrity.
“Tax avoidance is a scourge on our world, and millions of people suffer as a result of the greed and selfishness of some very rich people and companies.
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George Osborne urged to clamp down on tax havens
Tax havens and offshore accounts around the world Truthloader
MIRRORED BY : Truthloader The International Consortium of Investigative Journalists has conducted a study into tax havens and offshore accounts. Some of the …
By: journey344
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Tax havens and offshore accounts around the world Truthloader – Video
BBC News – Cahuzac scandal: Francois Hollande call to eradicate tax havens
The world's tax havens must be “eradicated” and French banks must declare all of their subsidiaries, French President Francois Hollande has announced. Mr Hol…
By: BBCWorldNewsWatch
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BBC News – Cahuzac scandal: Francois Hollande call to eradicate tax havens – Video
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