
Nick Shaxson ■ Pulling the plug: how to stop corporate tax dodging in Europe and beyond

From Oxfam, a new report whose headline we’ve copied. As the introduction notes:
“Making tax fair is one of the key solutions if we want to tackle the growing problem of inequality. Data from 40 countries shows the potential of well-designed, redistributive taxation and corresponding investment by governments to reduce income inequality driven by market conditions.
Finland and Austria, for instance, have halved income inequality thanks to progressive and effective taxation accompanied by wise social spending. Unfortunately, at present, almost all countries suffer from increasingly large scale tax dodging schemes used by big multinationals and wealthy individuals. this deprives all governments of much needed resources to finance essential services, but especially affects developing countries.
The European Union has been at the forefront of the fight against tax dodging over the past five years. Since 2011, several tax reforms have been adopted as first steps towards greater tax fairness. relatively good progress has been made to tackle tax evasion of private wealth (including issues such as automatic information exchange in europe, and transparency of beneficial owners in the anti-money laundering legislation).
However, less attention has been given to putting in place the right legislative measures to tackle corporate tax avoidance, including knowing where companies pay taxes, harmonising tax bases in europe and supporting ambitious reforms at an international level. recent corporate tax dodging scandals have unequivocally reminded us that despite some progress, plenty remains to be done if we truly want ‘banking secrecy to be over’, ‘the end of tax havens’ and a definitive end to tax evasion and avoidance.”
Related articles

Often overlooked, transparency at the tax administration level is key to holding governments accountable

Tax Justice Network Arabic podcast #65: كيف إستحوذ الصندوق السيادي السعودي على مجموعة مستشفيات كليوباترا

How Hollywood gaslights WGA strikers, Uncle Sam and Darth Vader about its profits

Flux Financiers Illicites: Les Institutions Supérieures d’Audit africaines s’engagent à protéger les ressources fiscales #49: The Tax Justice Network French podcast

World Press Freedom Day: The impact of journalists on tax justice

Tax Justice Network Arabic podcast #64: تونس: المغسلة القبرصيّة في خدمة المتهرّبين من الضرائب

Narcobanqueros, la reforma impositiva Colombiana, moneda alternativa: March 2023 Spanish language tax justice podcast, Justicia ImPositiva

Como extrair minérios sem extrair vidas: the Tax Justice Network Portuguese podcast

Organised crime and financial secrecy: the Tax Justice Network podcast, the Taxcast

against shell companies and tax avoidance, sign and share the ECI!
https://ec.europa.eu/citizens-initiative/REQ-ECI-2014-000009/public/?lang=en