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The Financial Secrecy Index

The Financial Secrecy Index
Related:  La mondialisation en fonctionnementUnited Kingdom

Qu'est-ce qu'un paradis fiscal - vidéo (LeMonde.fr) Tax Justice Network: And the losers are . . . The results of the 2009 Financial Secrecy Index Finally, the time has come to reveal the names of the secrecy jurisdictions that we have ranked according to both their lack of transparency and their scale of cross-border financial activity. For the first time ever, and based on far stronger criteria than those used by the OECD, we can now announce the world’s leading secrecy jurisdictions. Nothing like this has ever been done before. Our new index assesses each jurisdiction on an opacity rating – how secretive the jurisdiction is – combined with a weighting according to size. We put special emphasis on the opacity score. And here we go . . .Counting down from number 5, we have, at number 5, the City of London in the United Kingdom, the world's largest financial centre, and the state within a state that sits like a spider at the centre of a web that includes exactly one half of all 60 secrecy jurisdictions ranked on the Index. The Grand Duchy of Luxembourg ranks number two on the index.

Nicholas Shaxson (nickshaxson) A Corporate Coup d?Etat You thought elections counted for something? Look at what wasn’t in the manifesto. By George Monbiot. “I would love to see tax reductions,” David Cameron told an interviewer at the weekend, “but when you’re borrowing 11 per cent of your GDP, it’s not possible to make significant net tax cuts. If you’ve heard nothing of it, you’re in good company. At the moment tax law ensures that companies based here, with branches in other countries, don’t get taxed twice on the same money. Foreign means anywhere. But that’s not the end of it. These measures will drain not only wealth but also jobs from the UK. So how did this happen? I used to think of such processes as regulatory capture: government agencies being taken over by the companies they were supposed to restrain. Reading Treasure Islands, I’ve realised that injustice of the kind described in this column is not a perversion of the system; it is the system. And this government? www.monbiot.com References: 2. and: 3. 4. 5. 8. 9. 10.

Taxation of the financial sector - European commission The Financial Transaction Tax (FTT) The proposal of 14 February 2013…and the way ahead The original proposal of 28 September 2011…and its fate Is the FTT as proposed in compliance with international taxation and European law? Background information (Documents, links, videos) The proposal of 14 February 2013 … On 14 February 2013, the European Commission tabled a proposal for a Council Directive implementing enhanced cooperation. the proposal itself (COM/2013/71 ), the impact assessment (SWD/2013/28 ) and its summary (SWD/2013/29 ), an updated presentation(946 kB) illustrating the features, impacts and functioning of the proposed framework, as well as non-technical(42 kB) and more technical answers(268 kB) to questions raised on the functioning and impacts of the proposal. Through the FTT, as proposed, the financial sector will properly participate in the cost of re-building the economies and bolstering the public finances of the participating Member States. … and the way ahead ).

Vers une "dé-mondialisation heureuse"? (1/4) : Déclin du commerce mondial: la (dé)mondialisation en question Cette semaine CulturesMonde s’attelle à l’ambitieuse tâche de déconstruire l’idée de « dé-mondialisation ». Aujourd’hui nous parlerons économie et nous nous interrogerons sur la ou les nouvelle(s) formes que prend l’économie mondiale en partant d’un constat : la baisse du commerce mondial... La semaine dernière, lors de la conférence des ambassadeurs, François Hollande a marqué le coup en annonçant l’arrêt des négociations pour le TAFTA, le Traité de Libre Echange Transatlantique... Une décision dans l’ère du temps semble-t-il puisque la question du libre échange s’est également invitée dans la campagne présidentielle américaine…et elle n’a plus la cote : chacun avec des réponses différentes, Hillary Clinton et Donald Trump ont pris la défense des « laissés-pour-compte de la globalisation des échanges ». Comment interpréter ce phénomène de baisse du commerce mondial ? Assiste-t-on de facto à un phénomène de démondialisation que beaucoup réclament ? Intervenants

Political change and democracy in China - La vie des idées Wang Shaoguang is a chair professor and chairperson in the Department of Government and Public Administration, a Changjiang [1] Professor in the School of Public Policy and Management at Tsinghua University in Beijing, a non-official member of the Commission on Strategic Development of the Hong Kong Special Administrative Region, and the chief editor of The China Review, an interdisciplinary journal on greater China. He belongs to the first promotion of students to enter University after the Cultural Revolution in 1977. He first studied in the Law department at Beijing University. He later obtained his PhD in Political Science at Cornell University (Ithaca, New York) in 1990. He then taught politics at Yale University (New Haven, Connecticut) from 1990 to 2000 before settling in Hong Kong. Wang belongs to an informal intellectual grouping labelled the New Left (xin zuopai). Wang is also currently working on the publication of a series of books on “State democratic re-building”. Text Video

Tax Havens Send `Massive Capital' to London, Lawmaker Says Offshore financial centers, also known as tax havens, send “massive capital flows” to London and are unduly criticized in the U.K. for secrecy and helping tax avoidance, Conservative party lawmaker Mark Field said. Field, defending financial centers including Jersey and Guernsey yesterday at a London debate, said they had “endured political attacks” that demonstrated “a fundamental lack of understanding of their function and the benefits.” Tax haven critics have included U.K. “The U.K. has a truly unique position in relation to tax havens, or offshore financial centers,” Field, 46, said. Richard Murphy, a U.K. accountant and director of Tax Research LLP who is critical of tax havens, said Field was “wrong” about their benefits. ‘Parochial View’ “He is making a very particular parochial view of the city’s view of what is good for the city,” Murphy said. Bankers may face more criticism as bonuses are announced and paid out in coming months, Field said. British Dependencies

Taxman faces probe into £6bn Vodafone 'let-off' By Lucy FarndonUPDATED: 09:15 GMT, 20 January 2011 Tax bosses are facing an inquiry into how they strike deals with multinationals following accusations that Vodafone was let off a £6bn bill. The National Audit Office yesterday confirmed it was in the 'early stages' of the probe and will look into how tax inspectors reach settlements with large firms. The investigation is the latest in a series of embarrassments for HMRC. Previous bungles include losing the personal data and bank details of 25m people, as well as other similar losses of sensitive data. An NAO spokesman said: 'We are reviewing HMRC's procedures for resolving tax disputes. The results of the review will be published in July. The probe will cause a further dent to morale within the tax office, which is already marred by infighting between disaffected employees. Some HMRC staff are unhappy at the approach taken by controversial tax chief Dave Hartnett. HMRC has said that the suggestion that Vodafone owed £6bn is an 'urban myth'.

Centro Nuovo Modello di Sviluppo Expliquez-nous ... le G7 Au départ, le G7 est le sommet des sept pays les plus industrialisés des années 70. Etats-Unis, Japon, Allemagne, France, Grande-Bretagne, Italie et Canada. Pour comprendre l'histoire du G7 il faut remonter 40 ans en arrière. En novembre 1975, le président français Valery Giscard-d’Estaing organise le premier sommet du G6 à Rambouillet. Il faut se replacer dans le contexte des années 70 avec notamment, un VGE fraichement élu président. Pour en revenir au G7, il devient un sommet à sept l’année suivante en 1976 avec l'arrivée du Canada. Le président de la Commission européenne est également présent lors de ces sommets qui sont préparés des mois à l’avance par des "sherpas", des conseillers surdiplômés qui mâchent le travail pour les chefs d'Etat et de gouvernement. Dans ces sommets, on parle essentiellement d'économie, théoriquement dans une ambiance détendue. Les altermondialistes n'aiment pas ces sommets. Le G20 est le G8 + les pays émergents.

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Related:  Tax Haven