The Australian Greens party has committed to restaffing the Tax Office so it has the capacity to collect tax owed by companies as part of an 18-point "tax integrity" policy.
Restoring staff at the Australian Tax Office to 2013 levels would cost $1.62 billion over the next three years, according to the Parliamentary Budget Office Greens want to spend $500m a year on tax inspectors
Can a government committed to closing all but 14 of the UK’s tax offices be serious about tackling tax abuse?
Mossack Fonseca, Panama and the implications for Australia
Australia's highest tax-paying teenager contributed more than $500,000 to government coffers in the 2013-2014 financial year, a freedom of information investigation has revealed. In the same period, major corporations including McDonald's Asia Pacific Consortium, Qantas, Virgin Australia, General Motors and William Hill did not pay any income tax. Australia's top tax paying teen
Jack Townsend on Panama Papers Dated 13th:
Introduction: The following Wikipedia entries may offer updated information from time to time:
In addition, this searchable list from the Sunday Times might be worth consulting from time to time. Josh Boswell, Tom Wills, Aendrew Rininsland, Panama papers: the names: Search our database of 37,000 names linked to Mossack Fonseca companies in the tax haven of Panama (Sunday Times 4/10/16), here. The linked page offers at the bottom a downloadable zip file with the data, here, which includes a csv file which is apparently 102.54 MB in size (presumably this could be imported into an MS Excel file, although I have not yet done that) and a "README.TXT" file to explain certain matters about the data. Apparently this file lists the companies and directors, shareholders, and legal agents for the companies.
*Who Are The Non-Celebrities In The Panama Papers? emptywheel
‘No case’ for prosecution of Panama Papers law firm – lawyer The Journal (RS). “Panama’s chief state prosecutor, Kenia Porcell, yesterday gave a news conference in which he noted that “in Panama, tax evasion does not constitute a crime.”
Alexander Lebedev: Vladimir Putin is not the villain; it’s the West’s banks laundering money Evening Standard
Pacific islands provided fertile ground for Panamanian law firm Nikkei Asian Review
A torrential leak The Economist. ” [ICIJ] picked some odd collaborators: in America it chose to work with the Charlotte Observer and Fusion, a news site for millennials, rather than, say, the New York Times.” Shaking my head….
£10m
UK cross-government taskforce to look at Panama Papers
CCH Daily, 11/4/16. The UK taskforce will be jointly led by HMRC and the National Crime Agency and draws on investigators, compliance specialists and analysts from HMRC, the National Crime Agency, the Serious Fraud Office and the Financial Conduct Authority.
CCH Daily, 11/4/16. The UK taskforce will be jointly led by HMRC and the National Crime Agency and draws on investigators, compliance specialists and analysts from HMRC, the National Crime Agency, the Serious Fraud Office and the Financial Conduct Authority.
OECD. A
special project meeting of the Joint International Tax Shelter Information and
Collaboration (JITSIC) Network took place at the OECD in Paris on Wednesday 13
April, bringing together senior tax administration officials from countries
worldwide to discuss opportunities for obtaining data, co-operation and
information-sharing in light of the “Panama Papers” revelations.
NPR. The offshore revelations from the Panama Papers
come in the midst of U.S. tax filing season. NPR's Ari Shapiro talks with
author and tax journalist David Cay Johnston about how else wealthy people
avoid paying taxes.
Belfast Telegraph. The City of London is seen as a
"tax haven" at the centre of a worldwide system designed to help the
super rich avoid paying tax, John McDonnell has warned as he called for an independent
inquiry into the Panama Papers.
The Guardian. Tory proposal for taskforce to
investigate tax havens lacks credibility, says the shadow chancellor.
The Independent. The PM said British Overseas
Territories like the British Virgin Islands were now being cooperative
Global Witness. An area of British land more than
three times the size of Greater London is owned by secret companies in offshore
jurisdictions like the British Virgin Islands,
Global Witness revealed today
The Independent. Oxfam chief executive ‘deeply
disappointed’ PM has not forced overseas territories to reveal who
ultimately benefits from offshore funds
Chicago Tribune. I pointed out last week that the
U.S. had fared pretty well from the leak of the "Panama Papers."
There are Americans named who hold offshore accounts, to be sure, but so far,
they seem to be random people with a bit of money, not a Who's Who of our
richest and most powerful citizens. There are other countries that wish they
could say the same right now.
Total Wealth of Female BillionairesThat is from an Ian Bremmer tweet. I suspect offshore bank accounts are not included.
1 China $95.4B
2 US 28.8
3 UK 4.9
4 Spain 4.6
5 Italy 2.4
5 Nigeria 2.4
7 Australia 1.8
8 Brazil 1.4
- See more at: http://marginalrevolution.com/#sthash.WeganPf5.dpuf
No, pay me instead. Please don’t pay me to research tax loopholes (Scott Sumner, Econlog). “While doing my taxes last week, I noticed another huge inefficiency; our tax system encourages us to research the intricacies of taxes, something I very much don’t want to do.”
Oxfam report on U.S. corporate tax avoidance
Total
Wealth of Female Billionaires
1 China
$95.4B
2 US
28.8
3 UK
4.9
4 Spain
4.6
5 Italy
2.4
5
Nigeria 2.4
7
Australia 1.8
8
Brazil 1.4
That is
from an Ian Bremmer tweet.
I suspect offshore bank accounts are not included.
Denvil Duncan (Indiana-Bloomington) presents Tax Incidence in the Presence of Tax Evasion (with Philipp Doerrenberg (ZEW Mannheim and Institute for the Study of Labor (IZA), Germany) at Indiana-Bloomington today as part of its Tax Policy Colloquium Series hosted by Leandra Lederman: This paper studies the economic incidence of sales taxes in the presence of tax evasion opportunities
New York Times, European Union Calls for Big Companies to Disclose More Tax Data:
European Union officials on Tuesday waded into the fight against international tax dodging, calling for the world’s biggest companies to disclose more data about their tax arrangements with the bloc’s member governments and to share information about offshore havens where they shelter money
Panama papers: The secrets of dirty money
Suddeutsche Zeitung, Apr 2016. A nice article about the data. The newspaper has more information here. The International Consortium of Investigative Journalists site is here. “SZ acquired about 2.6 terabytes of data, making the leak the biggest that journalists had ever worked with.” Back to the source.
*Unexpected consequences: Could the Panama Papers lead to the Pirate Party ruling Iceland? - IDG
Suddeutsche Zeitung, Apr 2016. A nice article about the data. The newspaper has more information here. The International Consortium of Investigative Journalists site is here. “SZ acquired about 2.6 terabytes of data, making the leak the biggest that journalists had ever worked with.” Back to the source.
*Unexpected consequences: Could the Panama Papers lead to the Pirate Party ruling Iceland? - IDG
Denvil Duncan (Indiana-Bloomington) presents Tax Incidence in the Presence of Tax Evasion (with Philipp Doerrenberg (ZEW Mannheim and Institute for the Study of Labor (IZA), Germany) at Indiana-Bloomington today as part of its Tax Policy Colloquium Series hosted by Leandra Lederman: This paper studies the economic incidence of sales taxes in the presence of tax evasion opportunities
New York Times, European Union Calls for Big Companies to Disclose More Tax Data:
European Union officials on Tuesday waded into the fight against international tax dodging, calling for the world’s biggest companies to disclose more data about their tax arrangements with the bloc’s member governments and to share information about offshore havens where they shelter money