The number of super-rich individuals in Africa is growing, but they are not paying their fair share of taxes. African governments are losing out on roughly US$15 billion in taxes annually.
The tax paid by some household names has been revealed.
AAP/NewZulu/Dinendra Haria
South Africa has sent a strong signal against tax evasion and is planning to introduce a carbon tax. There are also incentives for employers keen on taking inexperienced job seekers.
Treasury Secretary John Fraser now has plenty of company in calling for a ‘fundamental rethink’ of retirement income policy.
AAP/Lukas Coch
Over the last six months a public consensus has emerged among academics, think tanks, community organisations, elements of the superannuation industry and most politicians about superannuation.
Microsoft Corporation’s Bill Sample, Google Australia’s Maile Carnegie and Corporate Vice President of Apple Australia Tony King appeared before Senate committee public hearings on corporate tax avoidance last week.
AAP/Nikki Short
As HSBC suffers under the scorching spotlight of public scrutiny once more, it is fair to ask why the banking group so often finds itself at the heart of the action.
Despite claims, there isn’t a systemic problem with tax evasion by Australian companies.
Image sourced from www.shutterstock.com
The Henry Tax Review identified 125 taxes within Australia levied by all levels of government. Of those 125 taxes, just 10 taxes raised 90% of all tax revenue. The company tax is the second largest source…
Biting his tongue might be a better idea.
Hannah McKay/PA Wire
A row between a Conservative peer and Labour leader Ed Miliband is once again throwing up some inconsistent thinking about tax avoidance. Stanley Fink, the former treasurer of the Conservative party, and…
There has been an international outcry over the leaked HSBC files, which provide evidence that the bank’s Swiss arm helped wealthy clients put millions of dollars worth of assets out of the reach of the…
Heart of the matter. Banks at Canary Wharf.
Simon & His Camera
If we’re looking for ways the global banks can rise to the ethical challenge highlighted by the leaked files from banking giant HSBC, we could do worse than look at one of the few institutions to emerge…
Pressure is building ahead of the Brisbane G20 Leaders’ Summit for action on tax avoidance by multinationals.
Andrew Sutherland/Flickr
Tax avoidance by multinational enterprises is not new. But the current level of political will and public outcry on the issue is uncommon in the history of taxation. The upcoming G20 meeting in Brisbane…
Luxembourg: a fairyland for tax avoidance?
Claude Wians
The revelations that global and multinational businesses have been brokering “secret” tax deals with Luxembourg to avoid paying taxes in their home countries, may be the first time an entire country has…
Future Fund Chairman and former Australian treasurer Peter Costello is likely to face more questions on why the fund has been involved in secret tax deals in Europe.
Dan Himbrechts/AAP
The hollowing out of tax collected for public purposes by rich and poor nations is not confined to technology and mining companies, according to a major leak of secret tax agreements covering more than…
A bitter inversion: AbbVie nixed its US$54 billion acquisition of Irish drug maker Shire after the US Treasury eroded the benefits of doing a corporate inversion.
Reuters
Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of…
Treasurer Joe Hockey has picked up the pace on tax information sharing, in response to a push by the OECD.
Dave Hunt/AAP
Roman Lanis, University of Technology Sydney and Ross McClure, University of Technology Sydney
Despite Treasurer Joe Hockey’s continued statements that the government is doing “everything we can … to ensure that companies that earn profits in Australia pay tax in Australia”, the federal government…
The Organization for Economic Cooperation and Development has proposed a plan to stop companies from avoiding billions of dollars in taxes. As we know from the scandals surrounding Amazon, Starbucks, Vodafone…
When African nations can effectively curb tax evasion, they may also be able to fight their major health problems.
AAP/EPA/AHMED JALLANZO
Much has been written about the poor public health and clinical capacity to respond to the Ebola outbreak in West Africa. Inadequate medical and nursing staff resources, inadequate isolation wards, inadequate…