#113 The capture of Malta
#112 The Real American Dream – in Scandinavia
#114 Degrowth, part 1

Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app.

In this episode Naomi Fowler speaks with Paul Caruana Galizia, one of the sons of Malta’s incredible investigative journalist and anti-corruption champion Daphne Caruana Galizia, who was assassinated in 2017. Paul Caruana Galizia discusses his mother’s legacy, the capture of Malta through an aggressive, over-sized finance sector with financial secrecy at its heart, and his hopes for the future.

“You need to be very strong. To do the job that she did you really have to be your own person. You couldn’t be the kind of person who worries what people might think of you, And you really have to say, no, I’m not going to adapt, I’m not going to fall into that mould. I’m going to break it and keep breaking.”

~ Paul Caruana Galizia

The transcript is available here. (Some is automated and may not be 100% accurate)

As mentioned in the show, here’s a video of the story of the ‘firestarters of the tax justice movement’ from the tax haven of Jersey:

Here’s a Taxcast special on the tax haven of Jersey: https://www.taxjustice.net/2019/04/26/inequality-and-dysfunction-in-the-tax-haven-of-jersey-a-taxcast-special-edition/

The Daphne Caruana Galizia Foundation: https://www.daphne.foundation

Jargon
Secrecy Jurisdiction

A tax haven or secrecy jurisdiction is a place that deliberately provides an escape route for people or entities who live or operate elsewhere. They shield them from whatever taxes, criminal laws, financial regulations, transparency or other constraints they don’t like. Ordinary people whose lives are affected by tax haven laws are not consulted on these laws because they live in other countries: they have no say in how those laws are made, thus undermining their democratic rights.

Tax Haven

A tax haven or secrecy jurisdiction is a place that deliberately provides an escape route for people or entities who live or operate elsewhere. They shield them from whatever taxes, criminal laws, financial regulations, transparency or other constraints they don’t like. Ordinary people whose lives are affected by tax haven laws are not consulted on these laws because they live in other countries: they have no say in how those laws are made, thus undermining their democratic rights.

Offshore

A tax haven or secrecy jurisdiction is a place that deliberately provides an escape route for people or entities who live or operate elsewhere. They shield them from whatever taxes, criminal laws, financial regulations, transparency or other constraints they don’t like. Ordinary people whose lives are affected by tax haven laws are not consulted on these laws because they live in other countries: they have no say in how those laws are made, thus undermining their democratic rights.

5 Rs of Tax

Revenue, to fund public services, infrastructure and administration.
Redistribution, to curb inequalities between individuals and between groups.
Repricing, to limit public “bads” such as tobacco consumption and carbon emissions.
Representation, to build healthier democratic processes, recognising that higher reliance of government. spending on tax revenues is strongly linked to higher quality of governance and political representation.
Reparation, to redress the historical legacies of empire and ecological damage.

More episodes
Nov 15
2025
The Taxcast
#158 Social Reuse of Seized Assets
When tax officials and law enforcement do manage to recover assets and money from criminals, what happens next? The Taxcast goes to West Yorkshire in the North of England to see social reuse of seized assets in action. Plus: President Donald Trump pardons convicted money launderer and billionaire founder of the world's biggest cryptocurrency exchange, Binance. What are the ramifications?
View full episode info
Sep 26
2025
The Taxcast
#157 Banking on Opus Dei
We look at the outsized influence of a small and secretive Catholic institution, Opus Dei, from Spain's dictator Franco to Trump. And the bank it controlled for sixty years. Plus: in the latest twist in the epic battle to end anonymous ownership in the United States, the US's financial regulator FinCEN has announced plans to actually delete company ownership information. We look at the options to stop the US sliding even further into a corruption abyss.
View full episode info
Jul 24
2025
The Taxcast
#156 Immigrants, tax and bullying in the USA
The persecution of anyone suspected of being an undocumented immigrant in the United States is not only taking the form of armed, masked ICE agents. Tax is being weaponised against them too. An estimated 10.9 million undocumented immigrants are the powerhouse of the United States economy, and also an exploitable workforce with minimal rights. It turns out that they're paying a higher effective tax rate than 55 mega-corporations and several billionaires. We look at the data that show how devastating it is for the economy and public services too. Plus: bullying at home, bullying abroad: President Trump is deploying tariffs and threats of tariffs against countries who have the audacity to want to tax US multinationals fairly.
View full episode info
Jun 27
2025
The Taxcast
#155 Millionaire exodus myth
Millionaires are not fleeing countries to escape taxes. The Tax Justice Network has analysed these claims and found it's questionable data published by a firm that helps the super-rich buy their way out of rules that apply to everybody else. In fact, things are changing for people in the business of helping to sell passports and residency. Some doors are closing...Plus, we look at the latest results from the Financial Secrecy Index - what are the latest global trends and have you heard of an anocracy?!
View full episode info
May 29
2025
The Taxcast
#154 How to spend 14 billion
The life-changing, life-saving, transformational nature of tax - for people and planet. Ireland's got a tax windfall of about €14 billion - that's roughly  $15 billion. What are they going to do with it? We don't do enough about blue sky thinking on how tax can transform our lives. This is our chance to unlock our imaginations. It's also time for Ireland to rethink its tax haven model and for many countries, not just Ireland, to ask who it's economy is serving.
View full episode info
Apr 29
2025
The Taxcast
#153 Criminalising journalists
The Taxcast looks at the battle for freedom of the press in Switzerland and the implications for the rest of the world. Investigative journalists like Bastian Obermayer risks arrest, fines and imprisonment if he sets foot in Switzerland again, and Swiss journalists are having to turn away strong public interest stories - for fear of not just rich and powerful people coming after them, but also the Swiss state. Switzerland's always been famous for its banking secrecy laws and it's never been the friendliest place for investigative journalists. Now the situation threatens to get even worse.
View full episode info