In the May 2014 Taxcast: the Taxcast looks at privatisation and tax: what happens when public assets or services get into private hands? Also: Google’s challenged on its tax affairs by its own shareholders; will Congress block the US administration’s decision to agree to the G20’s global transparency standard? And whatever happened to the UK government’s ‘leadership’ on public registers of the real owners of companies now it turns out it’ll ‘encourage’ but not ‘force’ its overseas territories & crown dependencies to sign up to the initiative?
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This is a proposal to create a comprehensive international registry of all wealth and assets, and their real beneficial owners, in order to tackle global tax abuse and redress inequalities.
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.