Systems

German Version of the Video -> here.

Professor of Sorbonne University (Paris)

Perspectives on Money

“I had been accidentally – part of situations (professional jobs) that usually are mutually exclusive – i had been a central banker – i had been involved in the design of the Euro – i had been an off-shore currency fund manager – i had been an academic and i had been president of an electronic payment system – i have been working with the largest multi-nationals on this planet – and i have been working with some of the poorest countries of this planet.

Every one of this angles has every time given me a way of looking at money – in a way that was not visible from the other angles.”

Challenges

“Humanity faces an extraordinary series of unprecedented challenges:

  • Climate-Change
  • Aging of Society
  • Monetary Instabilities under the current system
  • Structural Unemployment – because the technologies we have today – can have economic growth without jobs

Money as a solution

“The conventional money is incompatible with sustainability”

“It has a number of implicit automatic programs that are incompatible with that.”

  • Short-Term-Thinking
  • The way money is created – it is pro-cyclical – it increases the business-cycle
  • it brings all the users in competition with each others. Which is not the best way to operate in certain environments. Competition is good – but having ONLY competition is not good.

Learning from Nature

“Nature does NOT look for MAXIMUM EFFICIENCY.”

It looks for a balance on efficiency on one side and resilience on the other.

If the balance is not correct – if you only go for efficiency – you gonna have a very fragile system.

If you have a over-emphasis on resilience you have stagnation.

Conventional money is extremely efficient.

Money and Sustainability

“The challenges i have mentioned – i claim non of them can be addressed within the current monetary paradigm. (i.e. with a single currency created through bank-debt with interest – none of that is feasable)

With complementary currencies one can address every single one of them.

Money is the most important/powerful leverage point – because it changes the motivation system.

We need to rethink the motivation system that makes it possible to address those challenges.

Complementary Currencies Influencing Behavior

“A complementary currency is a medium of exchange other than conventional money – that people use – within a particular community.

The oldest complementary currency – what i call loyalty currency – the frequent flyer miles – provided motivation to change behavior to use the same airline or return to the same shop.

Those commercial currencies are usefull for the airline or shops but they won’t do anything for society.

Using this technology which is established – 40 years is enough time – a technology that comes from the information age – but apply them for things that do make a difference.

Changing behavior towards the environment, changing behavior to people – motivating people to do things that they won’t do spontaneously – and there is a long list of things that this could apply to.

We need to change behavior on a very large scale rather quickly.

The alternative is regulation or force – prohibiting people to do things – with a currency you can make it attractive – it’s a pull as opposed to a push – and that is a lot more powerful and way more effective.

The big advantage of complementary currencies is you choose your objectives – and you can design a currency that specifically motivates and changes behavior in the direction you are trying to motivate.

If you want to motivate people around the world – to have a complementary currency that specifically aims these behavior patterns and is exportable anywhere in the world – and you can actually bring everybody on board.”

bernard-lietaer-save-the-world-with-a-smart-phone-and-complementary-currencies

“There are more people on the planet having mobile phones than bank accounts.

And the costs of these things 20-30 bucks you have a system that can take part into a global payment system if you want to.”

(Chinese use SmartPhones a lot for payments)

“With the information-age we can now design much cheaper and much more universal payment systems that can have multiple currencies than we could have ever done before.

And that is why i claim that it is possible today to do things with complementary currencies on a scale that has never been available before.

That is fortunate – because we need it on a scale that was never be the same as in the past as well.

My drop in the ocean is an interesting pioneer model.

I want to encourage experimentation – improvements – diversity and my drop in the ocean is part of that.

And it is part of it in a specific field where there is not a hell of lot of things happening otherwise.

We also need to actually start doing work on the main-stream economy with businesses and the relationship with the businesses and citizens/consumers and that is what my drop in the ocean is tackling.”

Visions for the Future

“Leverage of changing the money system is making it possible not only to address the challenges – but actually create a world that i describe as ‘sustainable abundance’.

There is no reason that there should be scarcity in everything.

We can create a planet of sustainable abundance even for 10 billion people i claim.

At the condition – the necessary condition of rethinking our money.

It is not a sufficient condition – i am not claiming it is enough to change the money system and everything else will fall into place.

We still need education – we still need regulation you still need other things.

But i claim it is a necessary condition –

without touching the money system i claim we have no chance – of in a period of 10-15-20 years to have a planet we want to live on.”

stephanie-gibaud-former-ubs-bank-marketing-specialist

former-swizz-banker-rudolf-elmar-whistleblower-public-enemy-went-217-days-into-solitary-confinement-in-prison

sven-enullat-we-have-a-constitution-and-a-law-and-we-should-obey-them-if-not-neither-constitution-nor-law-is-worth-the-paper-it-is-printed-on

https://initiativeouryjalloh.wordpress.com/2008/03/

https://en.wikipedia.org/wiki/Oury_Jalloh

http://www.maz-online.de/Lokales/Dahme-Spreewald/Rauswurf-von-Swen-Ennullat-erregt-in-Koenigs-Wusterhausen-weiterhin-die-Gemueter

Source: https://youtu.be/5yZmV4AdT_c?list=PLPle_vPYGn5y3Bdu-oTwrPvymMtXQI2TS

Related Links:

“Sam Adams Associates for Integrity in Intelligence”

sam_adams_award_logo

http://samadamsaward.ch/

The Sam Adams Award is given annually to an intelligence professional who has taken a stand for integrity and ethics. The Award is given by the Sam Adams Associates for Integrity in Intelligence,[1] a group of retired CIA officers. It is named after Samuel A. Adams, a CIA whistleblower during the Vietnam War, and takes the physical form of a “corner-brightener candlestick”.[2]

Ray McGovern established the Sam Adams Associates “to reward intelligence officials who demonstrated a commitment to truth and integrity, no matter the consequences.”[3]

The 2012, 2013 and 2014 Awards were presented at the Oxford Union.[3][4]

  • 2002: Coleen Rowley[5][6]
  • 2003: Katharine Gun, former British intelligence (GCHQ) translator; leaked top-secret information showing illegal US activities during the push for war in Iraq[7]
  • 2004: Sibel Edmonds, former FBI translator; fired after accusing FBI officials of ignoring intelligence pointing to al-Qaeda attacks against the US[8]
  • 2005: Craig Murray,[5] former British Ambassador to Uzbekistan who blew the whistle on UK complicity in the Uzbek government’s use of torture and involvement in extraordinary rendition
  • 2006: Samuel Provance, former US Army military intelligence sergeant; spoke out about abuses at the Abu Ghraib Prison[9]
  • 2007: Andrew Wilkie, retired Australian intelligence official; claimed intelligence was being exaggerated to justify Australian support for the US invasion of Iraq[8]
  • 2008: Frank Grevil, Danish whistleblower; leaked classified information showing no clear evidence of weapons of mass destruction in Iraq[10]
  • 2009: Larry Wilkerson, former chief of staff to United States Secretary of State Colin Powell and Iraq War critic.[5]
  • 2010: Julian Assange, editor-in-chief and founder of WikiLeaks[11][12]
  • 2011: Thomas Andrews Drake, former senior executive of the US NSA; Jesselyn Radack, former ethics adviser to the US Department of Justice[13]
  • 2012: Thomas Fingar, former chairman of the National Intelligence Council[2]
  • 2013: Edward Snowden, leaked NSA material showing mass surveillance by the agency, sparking heated debate[14][15][16]
  • edward-snowden-gets-sam-adams-associates-for-integrity-in-intelligence-award-price
  • 2014: Chelsea Manning,[17][18] a United States Army soldier who was convicted in July 2013 of violations of the Espionage Act and other offenses
  • 2015: William Binney, a former highly placed intelligence official with the United States National Security Agency turned whistleblower

http://www.zerohedge.com/news/2016-11-02/former-british-ambassador-claims-source-podesta-leaks-comes-within-washington

aproximately 21-36 Trillion USD are avoiding tax off-shore. And 21T is the “conservative estimate”.

If a government – gave away the right to create 90% of the money in circulation – it’s last power is: taxes.

If lobbyists manage to lobby and exploit tax-laws – in order to avoid tax for the super-rich (no one else can afford lobbyists) – then – the tax-system becomes a massive unemployment and injustice scheme – “this shit gotta go” jacque-fresco-this-shit-gotta-go.

Simple solution: WHO EVER EARNS MONEY – PAYS 10% TAX – IN THE COUNTRY WHERE THE CUSTOMER PAID THE BILL TO THE GOVERNMENT IN THE COUNTRY OF THE CUSTOMER.

This can be easily done: ALL BRUTTO INCOME GOES INTO A BANKACCOUNT “TAX” WHERE COMPUTERS AUTOMATICALLY TRANSFER 10% TO THE GOVERNMENT.

ALL OTHER TAXES WILL BE ABOLISHED.

THIS NEEDS TO GO (ALONG WITH WHO IS ALLOWED TO CREATE MONEY AND HOW IS MONEY BROUGHT INTO CIRCULATION) INTO THE CONSTITUION OF A COUNTRY!

FINISHED.

BRING DEMOCRACY TO THE FINANCIAL SECTOR!

OR YOU HARVEST DICTATORSHIP AND BLACKMAILING!

 

YES: EVEN GOVERNMENTS CAN FINANCIALLY FAIL / BECOME BANKCRUPT

BUT THERE IS NO LAW YET, THAT HANDLES SUCH CASES? (PRIVATIZATION OF THE COUNTRY IS NOT THE SOLUTION)

“If you not… we tear down the financial system.” (Too big to jail/fail)

You can download an excerpt of the Panama Paper’s Data here.

Wealth Inequality in Germany: “the lower 50% have accumulated 0% wealth”

“die unteren 50% besitzen zusammen genommen 0%”

nettovermogen-deutschland-nach-diw-berlin-2009-die-untere-halfte-der-bevolkerung-ist-quasi-vermogensfrei-besitzt-also-kein-vermogen
NettoVermögen Deutschland nach DIW Berlin 2009 – die untere Hälfte der Bevölkerung ist quasi Vermögensfrei – besitzt also kein Vermögen

Quelle: http://www.youtube.com/watch?v=KfZyNuEMUTA

“The top 10% have 60% of the wealth of Germany” – will this mean they will start “some random war” in 2020, to keep it that way?

Globally: “The top 0.14% own 81% of the global wealth”

increasing-inequality-zunehmende-ungleichverteilung-usa-wall-street-journal-2008-10-27

new-deal-policies-doubled-fiscal-expenditures-without-increasing-budget-deficit-unemployment-between-worldwar1-and-worldwar2-in-usa-was-above-15-percent-until-ww2

50% of the wealth is “off-shore” which means it pays no tax – it avoids tax.

tax-justice-network

 

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5_tax-havens-and-corruption-diverse-miscreants-sharing-same-facilities-to-protect-and-enjoy-gains-too-big-to-fail-jail-financial-institutions

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19_the-debt-hoax

16_investigative-economics

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11_the-blood-bankers-the-price-we-pay-we-are-not-broke-banqueros-y-lava-dolares-the-debt-hoax-america-the-tax-haven

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2_kleptocracy

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Source: http://www.taxjustice.net/wp-content/uploads/2016/05/Henry-2016-missing-trillions.pptx

http://www.taxjustice.net/2016/05/09/17103/

source: http://www.taxjustice.net

new-analysis-of-the-cayman-offshore-financial-center-anglo-america-japan-and-hedge-funds-play-key-roles-2016-10-24

New analysis of the Cayman offshore financial center – Anglo-America, Japan, and hedge funds play key roles. Paper:

The Facebook Example:

“Facebook UK’s accounts show specific issues, but point also to the real problem:

that major multinational companies appear to be able to pick and choose, unlike the rest of us, where and how much tax they will pay.

British Prime Minister Theresa May has said her government will fight back against tax avoidance – if she is serious, she will immediately implement the tax transparency measure that was passed in the new Finance Bill so that the public can see which companies are meeting their UK responsibilities.”

Source: http://www.taxjustice.net/2016/10/09/facebook-uk-tax-tjn-statement/

“We are an independent international network launched in 2003. We conduct high-level research, analysis and advocacy on international tax; on the international aspects of financial regulation; on the role of tax in society; and on the impacts of tax evasion, tax avoidance, tax ‘competition’ and tax havens. We seek to create understanding and debate, and to promote reform, especially in poorer countries. We are not aligned to any political party.

 CorruptionSecrecy

stiglitzFrom Joseph Stiglitz, writing in Vanity Fair:

“It will not be long before those nations that opt to continue with old-style secrecy will be labeled pariah states and be cut off from the global financial system.”

New and abusive games will continue to emerge to fill the vacuum left by old-style secrecy — including new forms of opacity — but he’s certainly onto something.

From The Guardian:

“More than $12tn has been siphoned out of Russia, China and other emerging economies into the secretive world of offshore finance, new research has revealed, as David Cameron prepares to host world leaders for an anti-corruption summit.
. . .
The analysis, carried out by Columbia University professor James S Henry for the Tax Justice Network, shows that by the end of 2014, $1.3tn of assets from Russia were sitting offshore.

David Cay Johnston, writing in The Daily Beast in the U.S., adds:

“The $12.1 trillion estimate—which amounts to two-thirds of America’s annual GDP being taken out of the economies of much poorer nations—is for flight wealth built up since 1970. Add to that flight wealth from the world’s rich regions, much of it due to tax evasion and criminal activities like drug dealing, and the global figure for hidden offshore wealth totals as much as $36 trillion.”

“MEASSURING SIZE OF A BLACK HOLE”

See also Henry writing in Foreign Affairs on this topic.

Cay Johnston goes into detail, and is worth reading. For the raw data behind the numbers, you’ll need to contact Henry directly: he expects to publish some further details soon. We’ll carry updates in the Reports section of our website.

The initial document is here. More data will be uploaded in due course.

Also see this Guardian story: Tax havens have no economic justification, say top economists. This is a letter co-ordinated by Oxfam, which is reproduced in full here. The list of 300 signatories is here.

Source: http://www.taxjustice.net/2016/05/09/17103/

Screenshots from Henry’s Presentation:

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49_brecht-it-is-capitalism-that-is-truly-radical

18_the-missiong-20-trillion-usd

5_tax-havens-and-corruption-diverse-miscreants-sharing-same-facilities-to-protect-and-enjoy-gains-too-big-to-fail-jail-financial-institutions

24_the-offshore-hole-in-the-global-economy

Source:

http://www.taxjustice.net/wp-content/uploads/2016/05/Henry-2016-missing-trillions.pptx

http://www.taxjustice.net/cms/upload/pdf/Henry%202016%20missing%20trillions.pptx

UN report recommends: go after tax havens, and protect whistleblowers

Our most popular reports

March 2016 – More than $12 trillion stuffed offshore, from developing countries alone — James S. Henry

Nov 2015The Scale of BEPS: estimating the scale of global corporate tax cheating. See also our report Still Broken: Governments must do more to fix the international tax system.

Nov 2015 – Press release: TJN unveils the 2015 Financial Secrecy Index

Oct 2015 – Press release: OECD’s BEPS proposals will not be the end of tax avoidance by multinationals

Sept 2015 – The Greatest Invention: Tax and the Campaign for a Just Society. A book highlighting a decade’s worth of important tax justice articles.

Sept 2015Tax Haven Germany – New TJN Book.

April 2015 – The Offshore Game – new TJN report on offshore finance in football.
See The Offshore Game website, and the main report, here.

March 2015 – Ten Reasons to Defend the Corporation Tax.

The short summary document is here, and the full document is here

Dec 2014 – Developing countries and corporate tax – ten ways forward – Krishen Mehta

Sept 2013 – Corporate directors have no duty to avoid tax – TJN. Also see The Guardian.

July 2013 – Tax Justice Network briefing on the OECD’s “BEPS” project on corporate tax avoidance.

May 2013The Finance Curse: how oversized finance centres hurt the countries that host them.

Dec 2012Towards Unitary Taxation of Transnational Corporations – Prof. Sol Picciotto

2012Tax Us If You Can, second edition. A comprehensive introduction to tax justice. See also Tax us If You Can for Africa, 2011. For foreign language versions, see Tax Us If You Can in French (2005), in Spanish (2005), in Portuguese (2005), in German (2005) in Dutch (2005), and the Hebrew Edition..

July 2012 – The Price of Offshore, Revisited. Estimating some $21-32 trillion stashed offshore. See also our June 2014 response to a paper attacking Price of Offshore Revisited by two U.S. academics, funded by the tax haven of Jersey, here. See also our June 2014 supplementary notes and sources for the Price of Offshore Revisited, here.

Dec 2011 – Why the UK-Swiss tax deal is doomed to fail. (See also: July 2013 – deal fails.)

Nov 2011 – The Cost of Tax Abuse. Estimating that tax evasion worldwide adds up to over 50% of global healthcare costs.

Jan 2007 Mirror, Mirror, on the Wall, Who’s the Most Corrupt of All? Also see Catching Up with Corruption, 2008

All our reports and TJN briefing papers

October 2016Taking the Tax Justice debate forward: Unitary Taxation and G20 OECD Progress

June 2016 – Should Europe Trust Trusts? (Part 2 of 2)

May 2016 – New report exposes flaws in global and EU anti-money laundering rules and explains how they can be fixed (Part 1 of 2)

March 2016 – More than $12 trillion stuffed offshore, from developing countries alone — James S. Henry

March 2016 – Oxfam report: Ending the Era of Tax Havens (co-authored by TJN’s research director, Alex Cobham)

March 2016 – Top rate income tax cuts: 89 percent go to men, 11 percent to women

Jan 2016 – Europe must impose withholding taxes: to tackle US and other tax havens

Nov 2015 – New analysis: why Google is paying just 2% tax rate in the UK.

Nov 2015 – The UK’s Corruption Problem: Progress made and progress that needs to be made in the UK’s overseas territories. (Co-authored with Global Witness, Christian Aid, Transparency International.)

Nov 2015 – TJN-A report: Tax Treaties in Sub-Saharan Africa

Nov 2015The Scale of BEPS: estimating the scale of global corporate tax cheating. See also our report Still Broken: Governments must do more to fix the international tax system.

Nov 2015 – Press release: TJN unveils the 2015 Financial Secrecy Index

Oct 2015 – Press release: OECD’s BEPS proposals will not be the end of tax avoidance by multinationals

Sept 2015 – The Greatest Invention: Tax and the Campaign for a Just Society. A book highlighting a decade’s worth of important tax justice articles.

Sept 2015Holes in new OECD handbook for financial transparency. (On the OECD’s Common Reporting Standards.)

Sept 2015Tax Haven Germany – New TJN Book.

Aug 2015 – The West African Tax Giveaway: new report – TJN Africa and Actionaid

Jul 2015 – Did NGOs invent a pot of gold? (No.) – Alex Cobham

Jul 2015 – Guest blog: how Switzerland corrupted its courts to nail Rudolf Elmer (CFCs.)

May 2015 – BEPS Monitoring Group:

April 2015Report: parties rely on unsafe top tax estimates in UK election. – John Thompson

April 2015The Offshore Game – new TJN report on offshore finance in football.
See The Offshore Game website, and the main report, here.

March 2015Ten Reasons to Defend the Corporation Tax.

  • Short summary document is here
  • Full document here.
  • Press release and blog post here.

Jan 2015 –  Loophole USA:the vortex-shaped hole in global financial transparency

Nov 2014 – “The end of bank secrecy”? Bridging the gap to effective automatic information exchange: An Evaluation of OECD’s Common Reporting Standard (CRS) and its alternatives

Oct 2014 – The end of bank secrecy? : Bridging the gap to effective automatic information exchange.

Aug 2014 – Risk Mining the Public Exchequer: what tax avoidance is

July 2014 – Krishen Mehta: ten ways developing countries can take control of their tax destinies

July 2014 – The full picture of OECD’s AIE Standard is unveiled: Catering to tax havens at the expense of developing countries

June 2014 – Survey: developing countries DO want automatic information exchange, despite OECD reticence

June 2014 – TJN’s response to a paper by two U.S. academics, funded by the tax haven of Jersey and attacking Price of Offshorehere. See also our June 2014 supplementary notes and sources for the Price of Offshore Revisitedhere.

May 2014 – The UK’s shadow economy: £40 billion lost to Treasury

Feb 2014 – TJN responds to OECD plan for automatic information exchange

2014 – The OECD’s BEPS project and developing countries. In English and Spanish.

2013 –  Towards multilateral automatic information exchange: Current practice of AIE in selected countries

July 2012Inequality: you don’t know the half of it (or why hidden offshore wealth means inequality is worse than we thought)

July 2012 – The Price of Offshore, Revisited. Estimating some $21-32 trillion stashed offshore. See also our June 2014 response to a paper attacking Price of Offshore Revisited by two U.S. academics, funded by the tax haven of Jersey, here. See also our June 2014 supplementary notes and sources for the Price of Offshore Revisited, here.

2012 – Where to draw the line? Identifying secrecy jurisdictions for applied research

2012 – Bank account registries in selected countries: lessons for registries of trusts and foundations and for improving automatic information exchange (with CCFD-Terre Solidaire) 

2012Key data report: Financial Secrecy, Banks and the Big 4 Firms of Accountants

2012 – The Council of Europe/OECD Convention on Administrative Assistance in Tax Matters

2012 – Towards Unitary Taxation of Transnational Corporations

2012 – The Creeping Futility of the Global Forum’s Peer Reviews

2011 – The UK-Swiss deal: doomed to fail

2011Briefing paper on EU Savings Tax Directive and Automatic Informatino Exchange

2011 – The Cost of Tax Abuse.

2010Policy paper on automatic tax information exchange between Northern and Southern Countries

2010 – the U.S. Foreign Account Tax Compliance Act (FATCA)

2009 – Tax Information Exchange Agreements (TIEAs)

2009 – Trusts and their Uses. No paper yet, but blog here.

2008 – The EU Savings Tax Directive. See also this 2014 FAQ.

2008 – Country by Country Reporting.      Also see our main site here.

2006 – Tax Competition.      Also see our main site here.

2005 – Source and Residence Taxation.

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