Thursday, September 27, 2018

Taxing Times


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Tax Justice Network responds to UK Shadow Chancellor’s Fair Tax Mark announcement


Danske Bank chief quits over money laundering scandal Financial Times. This is huge. $250 billion of money laundering. Total failure of supervision and ethics. And this is still, as our Richard Smith points out, only <5 limited="" of="" partnerships="" scottish="" span="">

Drug companies cheating countries out of billions in tax revenues Oxfam International
The report, ‘Prescription for Poverty,’ analyzes the financial disclosures from Pfizer, Johnson & Johnson, Abbott, and Merck & Co (also known as MSD) between 2013 and 2015
Corruption, vanity and greed: the story of 1MDB The Financial Times
See also – 1MDB Scandal: Bookshops threatened with legal action over book about Malaysian ‘playboy banker’ The Guardian
‘The book – Billion Dollar Whale by the Wall Street Journal reporters Bradley Hope and Tom Wright – describes how the Malaysian financier Jho Low is accused by the US government of masterminding the theft of billions of dollars from the Malaysian state-owned investment fund 1MDB, which was sent to bank accounts in Switzerland, Singapore and the Virgin Islands.’