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Brazilians will pay heavily for FIFA’s “obscene” tax abuses
June 12th, 2014
Four years ago the Tax Justice Network wrote about FIFA’s so-called African “tax bubble” where FIFA was forcing a poor African country to forego its potential football tax revenues in order to funnel yet more money into FIFA’s gilded Zürich headquarters and its lucrative empire. We quoted Professor Han Kogels of Erasmus University, Rotterdam, who said:
“They want to create their own tax haven. A fully exempt situation. That is, FIFA and its FIFA subsidiaries that are fully exempt from any tax whatsoever levied at every level – state level, municipal level. All sorts of taxes: consumption taxes, income taxes...
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Tax Justice Focus: The Human Rights Edition
June 11th, 2014

TJF

The Tax Justice Network, a coordinating member of the FTC, just released the latest edition of their newsletter, Tax Justice Focus. This edition focuses on the theme of tax justice and human rights, perhaps the fastest-growing area of interest in the rapidly expanding global tax justice community. Click here for the full edition of Tax Justice Focus, the Human Rights edition. You can also access the individual articles below.
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As The Walls of The Old Ukraine Come Down, Anonymous Companies Keep Popping Up
June 11th, 2014
8436826724_7e2b377e93_zIt’s been months since the ousting of Ukrainian President Viktor Yanukovych. As the walls of the old regime come down, more and more stories of anonymous companies, often those with no walls at all, continue to come to light. A new report from the AP has highlighted the massive extent that anonymous companies—fake companies set up to funnel money undetected—were, and still are, a part of Ukraine’s rampant corruption problem.
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Delaware Bills ‘Mere Window-Dressing’, Will Do Nothing to Curb Abuse of Anonymous Companies
June 11th, 2014

GFI

Civil Society Experts Call on Delaware to Create Public Registry of Beneficial Ownership Information

WASHINGTON, DC – Global Financial Integrity (GFI) and Global Witness expressed disappointment that the Delaware House of Representatives passed two bills this evening that do little to stop criminals from using Delaware companies to launder their illicit proceeds. The two pieces of legislation are House Bill 327 and House Bill 328, which would establish a chain of people that need to be consulted, in turn, in order to identify a person at a limited liability...
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