“European leaders and the West in general are criticising Greece for their failure to collect taxes. One of the points of our commission [Independent Commission for the Reform of International Corporate Taxation] is that the West has created a framework for global tax avoidance, but the US is opposing the creation of a UN framework and [even] discussions among all the countries to do something about it. Here you have advanced countries trying to undermine a global effort to stop tax avoidance. Can you have a better image of hypocrisy?”
Walmart is the second biggest employer in the world (after army of China). Walmart is one of the most active multinational-companies lobbying for TTIP (EU-USA trade agreement) and TPP (Trans-Pasific partnership between USA and Pacific countries). And, Walmart, as the brand new, hot off the press research by Americans for Tax Fairness shows, it is also a very big and smart tax dodger. Make your own conclusions about Walmart, about how and why rich are rich, and who the real beneficiaries of TTIP/ TPP will be.
Hundreds of billions of dollars every year governments around the world are losing. How? The answer is – tax havens. The Price We Pay – this is probably the newest documentary on modern capitalism’s one of the cornerstones – tax havens, through which multinational companies can dodge or avoid paying tax. No one likes paying tax, one could argue, but equally, tax is one of the cornerstones of the social contract between the state and its citizens.
Moreover, as in this recent interview the director of this documentary Harold Crook puts it, tax havens contribute to increasing inequality, social unrest and disconnection of politics from the society which it is supposed to serve.
in case you are among those, who wonder how the London’s properties have become so unaffordable to buy and if you wonder why in developing countries governments struggle to provide the basic public services to their citizens, here is one of the answers. Apparently, 2.25 sq miles of London property or in other words – 36,342 London properties – are held by hidden companies registered in offshore havens.
Next time I will pass a Lush shop I will buy a bar of soap there as my reverence for growing the pool of companies which pay their fair share of tax. Fair tax mark is the new fair trade. It is a label for good taxpayers and it recognises and accredits businesses which do not practice tax avoidance or dodging. In light of the current HSBC scandal, companies like Lush win without doubt. In this brief video Mark from Lush explains why he thinks it is better to be transparent, straightforward and avoid ‘scheming’. I think, it is inspiring and gives hope that thinks can change and be changed.
This BBC documentary The Super-rich and Us (demonstrated in early January 2015) is probably the best film so far to shed some light on the ill-famous ‘1%’ and their lives. That 1% who caused global financial crisis in 2008 and who are living better than ever. UK has the highest number of millionaires per capita, yet it is also one of the most unequal developed countries, therefore this film asks – how come?
This film is about the myth of trickle-down effect, pro-rich tax regime (UK as the most important tax haven in the world and opportunities for innovative tax avoidance), corruption (HMRC helping companies to avoid or reduce tax), inequality, Thatcher’s ideological heritage, justice, and last but not least – democracy.
as long as tax havens will exist, i will keep saying that phenomenon of tax havens is one of the most malignant tumors of the world order we have. Just because something isnt illegal, does not mean it is legitimate. Even more, tax havens celebrate and maintain unimaginable levels of injustice and unfairness.
But, pressure is building up… certainly in London, which is one of the key tax havens, by the way.