#102 Racism, reparations and tax justice, part 1
#101 Tax collection, a labour of love
#103 Racism, reparations and tax justice, part 2

Faulkner wrote: “The past is never dead. It’s not even past.”

As we discuss, the legacy of centuries of institutionalised racism is that a wealth chasm has been created between black and white communities.

We also know that the City of London in Britain itself built its wealth from slavery and empire. Still today, major finance sectors have extractive business models, that impoverish some of the world’s poorest nations. And financial secrecy is another form of empire.

So how can we think about combining tax justice and reparations? Keval Bharadia‘s work on a super tax on the $8 trillion a day financial markets could help show the way. And financial institutions must have independent slavery money audits. For those financial institutions now coming forward and offering what they’re calling reparations funds, how do we ensure that these funds are large, they’re targeted to the right places and they’re ongoing?

A transcript of the programme is available here (not 100% accurate)

Featuring:

“We’re recovering from many things. We’re recovering from COVID-19, we’re recovering from 400 years of oppression, and we are also recovering from a looming economic downturn. And one thing we know for sure, and we continue to learn with every economic downturn is that States have choices. They have a choice point and that’s to cut services and continue to cut their budgets that harm families that are in need – or raise revenue, raise revenue on corporations, raise revenue on those that are most profitable and the wealthy. And that’s a racialised choice, given the country’s history and ongoing biases.”

~ Cortney Sanders, Center on Budget and Policy Priorities

“There needs to be a proper negotiation on what level of reparations should be paid and to whom and who will be responsible for holding reparations in trust funds for the genuine benefit of the descendants of slaves. What must not happen is that banks and other companies use tokenistic reparation payments as an exercise in white-washing while not disclosing the full history of their involvement in slavery or in imperial plunder and pillage.”

~ John Christensen, Tax Justice Network

Want to download and listen on the go? Download onto your phone or hand held device by clicking here.

More episodes
Jun 1
2024
The Taxcast
#143 The Corrupting of Tax Justice
In this episode: stories of how we've all been cheated, and a look at some of the actors involved in the corruption of tax policy making in Australia; the consequences have rippled out to affect the rest of the world too. How do we protect ourselves from the forces seeking to limit tax justice in the world? Plus, we'll bring you the latest updates on historic negotiations between nations on a UN Tax Convention from a Tax Justice Network colleague who was in the room and gives us his impressions.
View full episode info
Apr 30
2024
The Taxcast
#142 Blockchain havens
"This will supersede them all." Offshore specialist and human rights lawyer Paul Beckett of Corlett Bolton & Co sounds the alarm on the fast development of 'blockchain havens.'The Tax Justice Network's Bob Michel speaks about the challenges regulators, anti-corruption campaigners and poorer countries face."Cryptocurrency and transactions through the blockchain are tax havens in themselves. But also they touch down on earth into the bricks and mortar world through blockchain havens. [They offer] the deliberate deletion of corporate oversight...an enormous black hole for transparency purposes. Impenetrable.""Secrecy jurisdictions everywhere are busily setting up specialist blockchain hubs. They're happy to be outdoing each other to offer regulatory refuge. And that's what they've always been about. Yet someone told me that they recently interviewed the relevant minister of a well known jurisdiction where they've set up a blockchain hub who told him he couldn't answer questions about crypto and blockchain policy because he didn't understand it!""Commercial work in the offshore havens is diminishing. The number of incorporations everywhere, particularly in places in the Caribbean, is falling, partly because of rules that have been adopted, but partly because people don't need them anymore."
View full episode info
Mar 29
2024
The Taxcast
#141 Crime DOES pay...?
Crime doesn't pay - or does it?! Taxcast host Naomi Fowler talks to former police investigator, asset recovery specialist and co-author of The War on Dirty Money Tristram Hicks about the state of criminal asset recovery. PLUS: The Tax Justice Network's Alex Cobham analyses Australia's much awaited, revised (aka watered down) legislation to tackle multinational tax abuse - disappointing but still significant. AND: a model wealth tax law has been agreed by consensus at the United Nations. We expected the OECD to try to block it but they didn't - why?
View full episode info
Feb 29
2024
The Taxcast
#140 Taxing multinationals, unitary-style
While we wait for a global tax body at the United Nations, what are the ways forward for nations desperate to tax multinationals fairly? We talk unitary taxation in a special extended interview with Emeritus Law Professor, coordinator of the BEPS Monitoring Group and Tax Justice Network special advisor Sol Picciotto.Plus: the return of our analysis slot - Taxcast host Naomi Fowler talks to Zorka Milin of the FACT Coalition about the US's new beneficial ownership registry and its shortcomings; and a tale of two crimes: the punishment of a whistleblower versus a magic circle lawyer in a $6000 suit.
View full episode info
Jan 26
2024
The Taxcast
#139 People Power
People power for tax justice is on the rise like never before. We kick off 2024 with the first in-depth case studies on campaigns for tax reform from around the world. Strategies, successes, limitations, and what we can learn from it all. Plus: Malawian poet and Senior Tax Investigations Officer Robert Chiwamba pays tribute to tax collectors everywhere.
View full episode info
Dec 21
2023
The Taxcast
#138 Overturning a 100 year legacy: the UN tax vote
In an extended Taxcast edition this month, a century of tax rule setting by the former imperial powers has been overturned: we look at the UN vote on global tax reform. Taxcast host Naomi Fowler follows events at the UN, the failed efforts to block it and explores what it all means with Alex Cobham of the Tax Justice Network.
View full episode info