Kerrie Sadiq, Queensland University of Technology and Richard Krever, The University of Western Australia
Rather than ending the race to bottom from international profit shifting, the Australian government’s proposed 15% tax rate is likely to entrench it. Here’s why.
Looks like paradise – especially if you’re a multinational corporation in need of a tax haven.
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Roman Lanis, University of Technology Sydney and Peter Wells, University of Technology Sydney
Juicy stories of political leaders stashing loot overseas make good headlines. But the real story is the need for systemic solutions, especially on property rights and transparency.
Not all tax havens come with fancy resorts and sun-drenched beaches.
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The Covid-19 pandemic has laid bare Europe’s vulnerability to drug-supply disruption. Still, it remains by far the world leader in pharmaceutical products.
Governments around the world lose about US$125 billion in revenues every year because of profit shifting to tax havens.
The Panama Papers was the biggest-ever collaboration for investigative journalism, involving 400 journalists in 80 countries who collectively produced 6,000 stories in 100 different media outlets.
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Media Files: investigative journalist Bastian Obermayer, who led the Panama Papers tax exposé.
The Conversation, CC BY80.6 MB(download)
Today we meet Bastian Obermayer, the Pulitizer prize-winning journalist who led the Panama Papers investigation into global tax evasion.
Glencore’s lawyers argued anything about the company in the Paradise Papers was “privileged” and the tax office should be prevented from using that information.
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Does corruption means the same for everyone? Some social researchers argue that corruption is a social construct shaped by Western anti-corruption elites.
The first strategy is to require the public disclosure of country by country reporting of company tax affairs.
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Unlike the Panama Papers, the latest leak shines a light on the elites of the offshore world.
Tax sheltering is not just the domain of exotic Caribbean isles. Major world powers, including the United Kingdom, play a critical and previously undisclosed role in global tax avoidance.
CORPNET
The Netherlands, Switzerland, the United Kingdom, Singapore and Ireland are among the rich countries that funnel major corporate money into secret offshore tax shelters, according to a new study.
Will the profits of a privatised NSW Land and Property Information Office end up in a tax haven?
NSW LPI
So on the nose is the proposal to auction off the NSW Land and Property Information Office via a 30-year lease that the Law Society, the Real Estate Institute and the Institute of Surveyors oppose it.