#2 The City of London: state within a state
#1 The Occupy camp and the 99%
#3 The ABCs of setting up letterbox companies

In the February 2012 Taxcast: Are City of London Police really serious about prosecuting financial crimes? Are bankers paying fair taxes on their bonuses? And how Facebook is saving billions in tax via Ireland and Bermuda.

Want to download to listen to any time offline? Download here.

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
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