Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national securityOffshore secrecy represents a threat to the UK’s national security and justifies parliament forcing Jersey, Guernsey and the Isle of Man to adopt public registers of …Read more
European commission writes to UK over ‘abusive practices’ in crown dependencyThe European commission has launched infringement proceedings against the Isle of Man and Italy over what it says are illegal tax breaks given to some of the world’s wealthies…Read more
Mining company says documents subject to legal professional privilege and tax office has no right to use themThe world’s biggest mining company has sought an injunction against Australia’s tax commissioner to force him to return documents it claims wer…Read more
Backbenchers behind tax haven vote want crown dependencies to also adopt measures MPs are prepared to look at ways of forcing the crown dependencies of the Channel Islands and the Isle of Man to introduce public registers of company ownership if they a…Read more
It is five years since the government promised to force Britain’s overseas tax havens to open up. This week MPs have used their power to make rules that are long overdueIt is fully five years since David Cameron put the crackdown on tax avoidance at th…Read more
Government says it will support amendment to introduce public ownership registers in Britain’s overseas territories Britain’s overseas territories will be forced to adopt public registers of company ownership at the end of the decade after the governme…Read more
The Panama Papers have helped tax authorities recover over $500m around the world. Property registries could ensure that even more is recoveredTwo years ago we published the Panama Papers after an anonymous source provided 2.6 terabytes of internal dat…Read more
Subcommittee of MPs to investigate facilitation of avoidance, in wake of Panama and Paradise PapersTax avoiders’ accountants face being forced to give evidence before MPs after a Commons committee announced a series of inquiries in the wake of the Pana…Read more
US justice department accuses Dan Gertler of bribing top officials to secure mining rights
A billionaire businessman who featured in the Paradise Papers exposé is under investigation by the US authorities on suspicion of bribing high ranking government officials in the Democratic Republic of the Congo.
A court ruling reveals for the first time that Dan Gertler, a close friend and adviser to the DRC president, is a key target of a US Department of Justice inquiry into alleged bribery in the mineral rich African republic.Read more
Oxfam International director says tax avoidance keeps people in poverty around the world
Global cooperation is needed to reform the international corporation tax system in the aftermath of the Paradise Papers, panelists at a World Economic Forum debate on tax avoidance have said.
Winnie Byanyima, the executive director of Oxfam International, said international tax avoidance was an affront to human rights. “It’s about people who don’t have access to the services they need to lift themselves out of poverty because of tax avoidance,” she said.Read more