All the main techniques used for capital fiight can be grouped into one area – abuse of cross-border regulation. Tax credit is already an approved method for dealing with revenues cross-border together with withholding taxes.Reverse Tax Credit can use the tax credit principles to deal with costs cross-border and eliminate the “need” for tax havens. Reverse Tax Credit can be enacted unilaterally by any country, and will automatically leverage the playing fields between companies, large or small, mul
In January, a new legislation will be introduced in Norway that might prevent capital flight and ensure a greater degree of transparency. Three activists from the civil society in South Sudan, Uganda and Ghana explain why this law is vital for their work. See the video interview!
Summary • In 2012, government expenditure worldwide was USD 28 656 billion. Total tax burden was USD 18 821 billion.• This huge discrepancy can be reduced by closing loopholes in tax systems and preventing capital flight• This report is about analyzing and fixing loopholes in tax systems – increasing cost-efficiency and ensuring fairer competition in extractive industries.VIDEO: See the presentation of the report "Windfall Taxes".
The Panama Papers are the largest data leak journalists have ever worked with. Photo credits: Carolin Fromm / NDR
- It was a mild Sunday in early April 2016 that changed my perspective on investigative reporting forever. At exactly 8 pm, the story we’ve been working on in secret for so long, broke: The Panama Papers.
Media Communications Specialist and Journalist José Vicente Otero Chate. Photo: José Vicente Otero Chate
Yes to Life, No to Free Trade Agreements, was the motto during the citizen’s public referendum called for by social and indigenous organizations in 6 municipalities of the state of Cauca, in southwestern Columbia, on March 6th, 2005.
Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson walks out from the interview.
- You have to leave your ego outside the door. We are all working together on this and no matter how big or small your news organisations are, said Marina Walker deputy director of ICIJ on my first meeting about the Panama Papers in Washington in May 2015 with around 20 other journalist. This was eleven months before the Panama Papers stories were published all over the world.
PWYP Norway has analysed and documented Statoil's reporting according to the current country-by-country reporting amendment for the three financial years the company has reported on - 2014, 2015, and 2016.
Norwegian Bank Investment Management (NBIM) asked PWYP Norway for feedback in an Expectations document on taxes and transparency.
The Ministry of Finance. Photo: Christian A. Calmeyer (CC BY-NC-ND 2.0)
PWYP Norway explains how the protection of tax havens can be repealed by removing a link between two paragraphs.
Ivan Velasquez, leder i CICIG. Foto: CICIG
How to lead the campaign against corruption when authorities are part of the problem?