Illicit capital flight and tax havens
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Illicit capital flight and tax havens Attacs landsmøte, 2. mars 2014 Sigrid Klæboe Jacobsen
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Transcript of Illicit capital flight and tax havens
Illicit capital flight and tax havens
Attacs landsmøte, 2. mars 2014Sigrid Klæboe Jacobsen
About us
Tax Justice Network
A network of researchers, tax professionals, politicians,
journalists, aid organisations, youth organisations
Part of a the Global Alliance for Tax Justice
- 280 organisations world wide
Illicit capital flight from developing countries
$700 bn
Crime
$30 bnCorruption
Commercial activity
Source: Global Financial Integrity
$331 bn
Marta Luttgrodt
Local impact
Financial Secrecy Index
217.000 companies
1209 Orange Street, Delaware, USA
Example Switzerland
Methods to dodge tax
Transfer pricing
Trusts
«Check the box»
Kilde: «Piping Profits» – Publish What You Pay
Investments through tax havens
50% Business investments to developing countries passing through tax havens
«The secret to success is to own nothing, but control
everything» - Nelson Rockefeller, former vice president of the USA
«I own nothing» - John Fredriksen, Norways richest man
Measures for more transparency
Open companiesCountry-by-country reporting
Open countriesAutomatic exchange of information
Open ownershipsBeneficial ownership registries
«Nevertheless, the best of intentions may not mix well with national and global tax systems that are increasingly outdated. An overhaul is needed. The place to start is with a robust and frank assessment of whether current tax systems are still fit for purpose. And the simple answer is that they aren’t, because they were created for a world very different from today’s.»
“The world has moved on. Tax systems need to do the same – and soon.»
PwC, Global Annual Review 2013
Unitary taxation
New research needed
taxjustice.no
Kilder på nett
Piping profits
Ti av verdens største olje- og utvinningsselskaper eier over
6000 datterselskaper. Over en tredjedel av datterselskapene er i
skatteparadis. Tre norske selskaper er vurdert. Søkbar
database: http://www.publishwhatyoupay.no/en/piping-profits
Offshore leaks: http://www.icij.org/offshore
Financial Secrecy Index
Hvert enkelt land vurdert etter 16 faktorer av hemmelighold.
Landrapporter til 82 ulike land.
http://www.financialsecrecyindex.com/introduction/fsi-2013-
results
Nøkkeltall – www.taxjustice.no
Nøkkeltall med referanser
http://taxjustice.no/ressurser/tall
New «app»: moneytrail.no
Thank you for your time!
Sigrid Klæboe JacobsenDirector
Tlf. + 47 [email protected]
www.taxjustice.no
