“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.”
“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.
“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.
“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.”
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.
March 2016 – More than $12 trillion stuffed offshore, from developing countries alone — James S. Henry
Nov 2015 – The 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.
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.
Nov 2015 – The 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 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
June 2014 – TJN’s response to a paper by two U.S. academics, funded by the tax haven of Jersey and attacking Price of Offshore, here. See also our June 2014 supplementary notes and sources for the Price of Offshore Revisited, here.
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.
was beraten die so? Haben die gepennt die letzten Jahrzehnte? Oder sind die einfach nicht “soooo weise” sondern eher “verweist” und: Wer ist Bernard Lietaer? Und: Haben Sie ihn “KOMPLETT” ignoriert? Oder evtl. sind auch “nur” die Politiker welche Sie beraten beratungs-resistent? (gibt es viele mit der Krankheit)?
“Als Resultat dieser Entwicklungen könne Deutschland „Verteilungs- und Finanzprobleme zukünftig nicht mehr durch Zuwachs lösen, sondern nur noch durch Umverteilung.“ (S. 37)”
“the economy stops growing around the year 2020 because of the growth in productivity and the decrease in the number of working persons compensated each other”
“As a result of these developments, Germany can “distribution- and financial problems from then on not solve by growth, but only through redistribution.” (P. 37)”
“Sammelbezeichnung für alle Regelungen, die das öffentliche Finanzwesen eines Staates betreffen. Dazu gehört insbesondere das Recht, zur Erfüllung seiner Aufgaben Steuern und andere Abgaben zu erheben (Finanzhoheit); aber auch die Verteilung der Einnahmen und die Haushaltswirtschaft gehören dazu.”
Was fehlt in diesem Gesetzestext???
Die ART UND WEISE DER GELDSCHÖPFUNG/ERZEUGUNG!
WIE KOMMT NEUES GELD IN UMLAUF UND WER DARF ES IN UMLAUF BRINGEN?
DÜRFEN BANKEN ES MIT BUCHUNGSTRICKS ERZEUGEN? ODER NUR DIE ZENTRALBANK?
WER DARF MÜNZEN UND SCHEINE HERSTELLEN? WER (NUR) DIGITALES GIRALGELD/BUCHGELD?
WARUM WURDE ETWAS DERART FUNDAMENTALES AUSGESPART?
“Die F. ist in D in den Art. 104 a-108 GG festgelegt. Sie regeln a) die zwischen Bund und Ländern geteilte Finanzhoheit sowie die Finanzbeziehungen zwischen Bund, Ländern und Gemeinden, b) die Verteilung der Ausgabenlasten, c) die Gesetzgebungskompetenz in Steuerangelegenheiten, d) die Steuererträge und e) die Zuständigkeiten der Finanzverwaltung und Finanzgerichtsbarkeit.”
“Das Finanzverfassungsrecht eines Staates regelt die Erhebung von Steuern. Zum Finanzverfassungsrecht im weiteren Sinne gehören auch die Grundsätze der staatlichen Haushalts-, Vermögens- und Schuldenwirtschaft und der Ordnung des Geldwesens. In Bundesstaaten wird im Finanzverfassungsrecht auch die Verteilung der Finanzhoheit zwischen Bund und Ländern geregelt.
Die Bundesrepublik Deutschland ist ein Steuerstaat (BVerfGE 82, 159 [178]). Die Väter des Grundgesetzes hielten es für selbstverständlich, dass dem Staat das Recht zusteht, von seinen Bürgern Steuern zu erheben (BVerfGE 55, 274 [301]). Die stillschweigend vorausgesetzte Gesetzgebungs-, Ertrags- und Verwaltungshoheit wird in den Art. 104a bis 108 GG auf den Bund, die Länder und die Gemeinden verteilt.”