Wednesday, October 23, 2013

The October Taxcast: Swiss villagers, and the oil company with 60 sets of books

In the October 2013 Taxcast: Swiss villagers send some of profit shifting mining giant GlencoreXstrata's money to humanitarian projects, tax havens do some window dressing and HOW many sets of accounts does a multinational corporation really need to file its tax returns? The David and Goliath story of tax collection - even for the United States.

Featuring the Tax Justice Network's John Christensen and Tax Attorney and offshore expert Jack Blum, who notes:
"A well known international oil company that I had the  privilege of looking at several years ago had, as I was shocked to find, over 60 different sets of books: one for each jurisdiction that it was doing business in, and then on top of that a set of internal books  to allocate profits for bonus purposes and internal management purposes. And they were all different."
And much, much more.

Produced by @Naomi_Fowler for the Tax Justice Network.
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Update: For latest and previous Taxcasts, see here.


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