Monday, December 17, 2012

Links Dec 17

New website on human rights abuses linked to financial sector Centre of Concern
On the launch of rightingfinance by a task force of human rights organizations and networks - a website devoted to highlighting the globally growing concern about the impact of financial regulation on human rights.

Tax demo at Ugland House Cayman News Service
Nov 14 - Passengers travelling on a special cruise with The Nation demonstrate outside Ugland House, the home of legal offshore specialists Maples and Calder. See also CODEPINK press release Americans on Cayman Islands Protest US Corporate Tax Evaders.

Fortune 500 Corporations Holding $1.6 Trillion in Profits Offshore Citizens for Tax Justice
Dec 13 - "Among the Fortune 500 corporations, 290 have revealed that they, collectively, held nearly $1.6 trillion in profits outside the United States at the end of 2011. This is one indication of how much they might benefit from a so-called “territorial” tax system, which would permanently exempt these offshore profits from U.S. taxes." See also: New Report Shows Why Corporate Lobbyists' Proposals Should Not Be Part of Budget Deal.

Americans Support Tax Increase But Not Spending Cuts FiredogLake

Dec 13 - "According to a new Pew Research poll, raising taxes on those making over $250,000 a year is the most popular deficit reduction idea, while cutting eduction spending is the least popular."

The difference between the U.K. and the U.S. on financial regulation Treasure Islands
Dec 14 -  "Financial regulation in the United States has been godawful enough. But compared to Britain, it has always looked rather good ... "

UK: Prince Charles's £700m estate accused of tax avoidance Guardian
Dec 14 - "The duchy of Cornwall last year provided Charles with an income of £18m and HMRC's anti-avoidance group is now being asked to examine its non-payment of corporation tax following a potentially significant court ruling on its legal status. The issue has been raised by an accountant investigating the tax affairs of the duchy – an agricultural, commercial and residential landowner."

Panorama confronts the Barclay brothers with tax revelations Guardian
Dec 14 - Commenting on tonight's BBC Panorama programme "The Tax Haven Twins John Sweeney investigates the secretive world of the billionaire Barclay twins."


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