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The document discusses actions the UN Secretary General could take regarding tax havens. It notes that while European countries are implementing spending cuts, wealthy individuals are sheltering capital in tax havens. It argues the Secretary General should encourage new rules on tax haven assignment and crack down on legal tax avoidance, which costs European countries billions annually. Currently, states provide amnesties rather than aggressively inspecting avoidance, incentivizing more aggressive schemes. A real agreement among major OECD countries is needed to change the system and allow states to regain control over multinational taxation to preserve social democratic systems.
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Mémoire Ixchel Falaize.DUETI.Irlande
- Tax systems within the European Union are highly divergent, with corporate tax rates ranging from 12% in Ireland to 33% in France and Belgium.
- France has higher nominal tax rates and narrower tax bases compared to other EU countries, resulting in high tax burdens. Ireland has lower overall tax burdens with a strong reliance on direct taxes like income tax.
- Ireland's 12.5% corporate tax rate has helped attract significant foreign direct investment, though economists disagree on its overall impact on Ireland's growth. France finances higher public services through taxes.
Genuine Nexus or Perpetual Allegiance ? Some considerations on the Diverted P...
Genuine Nexus or Perpetual Allegiance ? Some considerations on the Diverted P...University of Ferrara
The document discusses the UK's proposed "Diverted Profits Tax" (DPT), which aims to tax the profits of multinational corporations that conduct business in the UK without a physical presence. The DPT challenges traditional definitions of taxable presence and permanent establishment. It also shifts the concept of taxation from residence to allegiance, taxing profits the UK views as belonging to it. The DPT will reshape international tax rules and potentially cause conflicts over taxing rights. It is an attempt to address base erosion and profit shifting that some view as going beyond previous proposals. The implications and compatibility of the DPT with EU law and tax treaties require further examination.UN Model Tax Convention Vs OECD Model Tax Convention Significance of Distinction
As the world moves increasingly towards economic integration and globalization there is a lot of cross border trade, investment and business which will only increase as more and more developing and least developed countries open up their borders for more business with the international community....
Rapport OXFAM sur l'évasion fiscale
Rapport 2016 en anglais de l'ONG OXFAM sur l'évasion fiscale et les paradis fiscaux dans le monde. Classe les paradis fiscaux selon leur "intensité".
Emergence Of A Global Trading Arena
Emergence Of A Global Trading Arena
The document discusses the emergence of globalization and the creation of a global trading arena. It notes that countries realized the importance of integrating their economies and encouraging trade of goods and services across borders. However, parties face various challenges like changes in economic conditions and taxation rates that can discourage business transactions. The concept of cross-border shopping and how governments aim to maximize tax revenue through policies is also examined.
Tax avoidance-industry-lobby-low-res
This document discusses the influence that the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) have on EU tax policy through various channels. It notes that despite evidence that these firms facilitate corporate tax avoidance, they continue to advise the EU on tackling tax avoidance through positions on advisory groups and by receiving millions in public contracts. The document also provides two case studies that illustrate how the Big Four and multinational corporations lobby the EU to weaken proposed transparency rules and country-by-country reporting. It concludes that the Big Four have conflicts of interest due to their role in tax avoidance, and should be removed from advising the EU on related policy.
fifty-shades-of-tax-dodging-the-eu-s-role-in-supporting-an-unjust-global-tax-...
This report examines the EU's role in the global tax system and finds that loopholes still exist that allow tax dodging by multinational corporations. While some transparency measures have been introduced, the public remains in the dark about taxes paid by corporations in different countries. Leaked information has become the main source of public data on tax avoidance. The EU took a hard line against developing country participation in global tax decision making. Overall, the report concludes the EU tax system still enables widespread tax avoidance and more reforms are needed for a fairer global tax system.
A new european tax on financial transactions is set to go global
A new European financial transaction tax is set to take effect in 2014. The tax is expected to raise approximately $45 billion annually from 11 European countries for uses such as offsetting debt or funding social programs. The tax applies extraterritorially to financial transactions made by non-EU companies and investors, which has led to opposition from the US and UK. Supporters argue the tax will make the financial sector pay its fair share, while critics say it could harm the global economy by shifting financial activity to other regions.
Government Tackles Tax Evasion
The document discusses government efforts to tackle tax evasion in the United States. It mentions that many U.S. citizens disagree with tax rates and use legal tax avoidance strategies or illegal tax evasion strategies to pay less in taxes. The Panama Papers leak revealed offshore companies being used to hide wealth and suspicious transactions from tax authorities. As a result, the U.S. Justice Department is reviewing documents from the leak to investigate potential prosecutions for tax evasion or corruption.
A Level Playing Field: The Need for non-G20 Participation in the BEPS' process
This document summarizes the key arguments made in a paper endorsing non-G20 participation in the OECD's Base Erosion and Profit Shifting (BEPS) project. It argues that corporate income tax is even more important for developing country public finances than developed countries. However, the BEPS process currently excludes non-G20 countries. It recommends ensuring non-G20 countries can fully participate in rewriting international tax rules through the BEPS process. The success of BEPS should be judged on reducing double non-taxation while safeguarding developing country tax bases, not just aligning taxes with substance in G20 economies. Solutions must apply to all countries and support less resourced tax administrations
An Introduction to Tax Treaties
The basics about international treaties designed to prevent fiscal evasion, avoid double taxation and more recently to demonstrate compliance with global standards on transparency and the exchange of confidential taxpayer information. Commonly referred to as 'double taxation agreements' there are over 2,000 of this bilateral agreements in existence. www.franhendy.com ; @franhendy; www.facebook.com/franhendy
Blaa
Tax investigation is an inspection of taxpayer records and documents to ensure the correct amount of reported income and taxes are paid according to tax laws. Investigations only occur when there is clear evidence a taxpayer is deliberately avoiding taxes or committing tax fraud. During investigations, correspondence between tax authorities and taxpayer representatives must be on a "without prejudice" basis, except in criminal tax cases where notes and recordings can be used in litigation. Upon completion of a civil tax investigation, a settlement agreement is entered into between the tax authority director general and the taxpayer.
TAX COMPETITION - FINAL
This document is an assignment submission form and abstract for a student named Katrina Murphy. It includes details of the assignment such as the unit name, code, assignment number and title. The abstract provides an overview of the paper topic, which is a discussion of the arguments for and against tax competition. It notes that while tax competition may promote economic growth, some argue it enables harmful tax havens and base erosion. The full paper would explore both sides of this issue in more depth.
Michael taft presentation for post budget seminar 19 oct 16
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International tax cooperation for development
The document discusses several key issues regarding international tax cooperation for development:
1) Taxation is important for developing countries to mobilize domestic resources, but many have lower tax revenues than developed countries due to issues like illicit financial flows.
2) International tax rules and norms influence countries' ability to tax, and the UN model convention preserves more taxing rights for developing countries than the OECD model.
3) Transfer pricing and base erosion profit shifting allow multinational corporations to shift profits between countries and avoid taxation, depriving developing countries of tax revenues.
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Submission to the International Monetary Fund's Consultation on Economic "Spi...
Submission to the International Monetary Fund's Consultation on Economic "Spi...
Genuine Nexus or Perpetual Allegiance ? Some considerations on the Diverted P...
Genuine Nexus or Perpetual Allegiance ? Some considerations on the Diverted P...
UN Model Tax Convention Vs OECD Model Tax Convention Significance of Distinction
UN Model Tax Convention Vs OECD Model Tax Convention Significance of Distinction
fifty-shades-of-tax-dodging-the-eu-s-role-in-supporting-an-unjust-global-tax-...
fifty-shades-of-tax-dodging-the-eu-s-role-in-supporting-an-unjust-global-tax-...
A new european tax on financial transactions is set to go global
A new european tax on financial transactions is set to go global
A Level Playing Field: The Need for non-G20 Participation in the BEPS' process
A Level Playing Field: The Need for non-G20 Participation in the BEPS' process
Michael taft presentation for post budget seminar 19 oct 16
Michael taft presentation for post budget seminar 19 oct 16
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Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75
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Un secretary general
- 1. If you had the opportunity, what actions would you demand of the United Nations Secretary General? Why? After the recent controversial amnesty, which was approved on the thirtieth of March 2012, with the main purpose of fostering up to 2.500 millions euros, and having, notwithstanding, according to the figures released by the Spanish IRS, collectedup to only 50.4 million euros instead, I would request Ban Ki Moon to encourage the creation of a totally new set of rules regarding assignment on tax havens. Indeed, we are experiencing the biggest cuts in government spending ever seen in history and all European nations are trying to convince their citizens that everyone will share the pain while many wealthy people are sheltering their capital in mostly British and US tax havens, which are now at the heart of our global financial system. In this sense, Nicholas Shaxson hit the nail on the head when he stated: “Policymakers, journalists and many others must start to understand and accept how tax havens have become the fortified refuges of financial capital, protecting it from tax and regulation and in the process contributing to bringing the world to the brink of economic collapse in 2007”. Through out the last three decades, the governments of the most important countries belonging to the Organisation for Economic Co-operation and Development have always claimed they wanted to crack down on those who use tax havens, and that includes not only those who illegally evade tax but also those who use legal means to avoid paying it, as tax avoidance nowadays must nowadays be considered an entirely legal activity. Furthermore, in 2006, the United Nations Tax Committee voted to approve a code conduct for international co-operation on taxation. However, this was proven to be not enough since it can be denied that codes of conducts are mere “soft-law” which do not rely in any legal force. Indeed, despite a lot of hot air on the general subject, nobody has even tried to bring into disrepute this particular argument about how tax havens were a central ingredient in the global financial crisis. Per contra, some people may assert tax havens help smooth investment flows around the world, force taxes lower, or help people and companies avoid being taxed twice on the same income. On the other hand, the whole purpose of tax avoidance is to get around the law, which means to try to avoid the tax law and on the way, avoid paying the tax. It’s currently costing the citizen of any of European country more than eight billion euros, even possibly hundreds of billions every year. It goes without saying that it involves a very perverse logical mechanism, since the states, instead of aggressively inspecting the avoidance strategies, provides amnesties. Therefore, as a result, companies using such avoidance schemes become every time even more aggressive, and those which haven’t yet start using will eventually be compelled to do so in order to avoid being at a competitive disadvantage compared to the first. As a result, it is absolutely necessary to change the current system, and this requires a real agreement at least among the major OECD countries. Our states must regain the control of multinationals’ taxations, as it’s the only way in which we will be able to maintain the tax systems as we have known them, and thereupon preserving the social and democratic state of law in which the majority f us still believe in.