Naomi Fowler ■ Mainstream Media Misrepresentations of the Financial Crash in the Tax Justice Network March 2019 podcast


In Edition 87 of the March 2019 Tax Justice Network monthly podcast/radio show, the Taxcast (available on iTunes, Stitcher, Spotify and other podcast platforms):

  • we discuss misleading reporting from the mainstream media on the financial crisis: it was overloaded with finance ‘experts’, fed us all sorts of misunderstandings about the financial crash, sold us the austerity narrative and omitted alternative solutions
  • Plus: two huge court case tax and social justice wins – firstly, an unprecedented case in Kenya by Tax Justice Network Africa regarding a double tax agreement between Kenya and the tax haven of Mauritius. Secondly, a US court has ruled that international financial institutions like the IMF and the World Bank CAN be sued when their development projects hurt communities
  • And we’re happy to report that the EU Commission WILL now investigate one of the cases exposed by the #LuxLeaks whistleblowers…in last month’s Taxcast we joined the International Consortium of Investigative Journalists in calling on the Competition Commissioner to prove there was no conflict of interest.

the way the mainstream media reported on the financial crisis, the structural explanations were largely missing from most media accounts, the deeper structural problems with the banking sector and issues around financialisation and how that affected the economy these weren’t really covered”

Mike Berry of Cardiff University’s School of Journalism, Media and Culture

and author of The Media, the Public and the Great Financial Crisis



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Further reading:

The European Commission will now investigate a case exposed by the LuxLeaks whistleblowers

The EU Commission’s preliminary ruling on Madeira’s ‘free zone’ as unlawful aid here

The EU Commission fines Google a third time for anti-competitive practices

Christian investors who control assets of £21bn using their voting powers against the chairs of Russell 50 and FTSE 350 companies which score badly on tax transparency. Affected by that are companies including ExxonMobil, Amazon and Broadcom.

The World Bank and other financial institutions are no longer above the law after a US court decision.

Kenya’s double tax agreement with Mauritius was found to be unconstitutional in an unprecedented court victory by Tax Justice Network Africa.

Useful further reading on double tax agreements is available here.


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