Tax Justice Network Explained

Tax Justice Network
Abbreviation:TJN
Formation:March 2003
November 2002
Founder:[1]
Founding Location:London
Type:NGO
Focus:tax avoidance, tax competition, tax evasion, and tax havens.
Headquarters:38 Stanley Avenue, Chesham, Buckinghamshire, HP5 2JG, United Kingdom.
Language:English
Leader Title2:Chief Executive
Leader Name2:Alex Cobham
Revenue:£1,111,981 ($1,556,773)
Revenue Year:2016

The Tax Justice Network (TJN) is a British advocacy group consisting of a coalition of researchers and activists with a shared concern about tax avoidance, tax competition, and tax havens.[2]

Activity

Research

The TJN has reported on the OECD Base erosion and profit shifting (BEPS) projects and conducted their own research that the scale of corporate taxes being avoided by multinationals is an estimated $660 billion in 2012 (a quarter of US multinationals’ gross profits), which is equivalent to 0.9% of World GDP.[3] [4]

In July 2012, following a study into wealthy individuals with offshore accounts, the Tax Justice Network published claims regarding deposits worth at least $21 trillion (£13 trillion), potentially even $32 trillion, in secretive tax havens. As a result, governments suffer a lack of income taxes of up to $280 billion.[5] [6] [7]

In November 2020, the TJN published "The State of Tax Justice 2020" report. It claims $427 billion is lost every year to tax abuse.[8] [9]

Financial Secrecy Index

The Financial Secrecy Index is a biennial publication of the TJN which was started in 2009 and was last released in February 2020.[10] It covers 133 global jurisdictions and produces a "Secrecy Indicator" score for each based on 20 qualitative criteria. Releases are widely covered in the media.[11] [12] [13] [14]

Corporate Tax Haven Index

The Corporate Tax Haven Index is a biennial publication of the TJN which had its inaugural publication in May 2019.[15] It covers 64 global jurisdictions and produces a "Corporate Tax Haven Index" value by combining two core measures; first a "Haven Score" based on 20 mostly tax related criteria, second a "Global Scale Weight" showing the scale of activity. Release are widely covered in the media.[16] [17] [18]

Publicity

Experts of TJN appeared at public hearings of the Finance Committee of the German Bundestag in 2016.[19]

Funding

TJN has been rated as 'highly transparent' in its funding by Transparify[20] and has been given an A grade for funding transparency by Who Funds You?[21]

Leadership and authors

Notable authors who have worked with TJN include accounting scholar Prem Sikka, activist Sony Kapoor, journalist Nicholas Shaxson,[26] and legal scholar Sol Picciotto.[27]

See also

Notes

  1. Web site: Happy Birthday Tax Justice Network. TJN. 9 November 2012.
  2. Web site: Core Funding Prospectus 2018–2021. Tax Justice Network. 24 March 2019. 2018.
  3. Web site: Tax Avoidance Costing U.S. $189 Billion: Tax Justice Network. Bloomberg News . 23 March 2017.
  4. Web site: Base Erosion and Profit Shifting BEPS. Tax Justice Network . 2015.
  5. News: 13 trillion pounds in offshore tax havens: Report . The Times of India . July 22, 2012 . July 22, 2012.
  6. News: Super rich hold $32 trillion in offshore havens . Reuters . July 22, 2012 . July 22, 2012.
  7. Web site: Tax havens: Super-rich 'hiding' at least $21tn . BBC . July 22, 2012 . July 22, 2012.
  8. Web site: The State of Tax Justice 2020. Tax Justice Network. 20 November 2020.
  9. News: $427bn a year lost to tax abuse by firms and rich individuals, study finds. The Guardian. 20 November 2020.
  10. Web site: Financial Secrecy Index 2020 Results. Tax Justice Network. 18 February 2020.
  11. Web site: Report Says U.S. Is World's Second-Biggest Tax Haven. Bloomberg News. 30 January 2018 . The Financial Secrecy Index, an assessment of global financial centers compiled by the Tax Justice Network, a left-leaning research and advocacy group, .
  12. News: U.S. Becomes World's Second-Biggest Tax Haven. Wall Street Journal. 30 January 2018.
  13. News: UN urged to launch global effort to end offshore tax evasion. The Guardian. 30 January 2018.
  14. News: Australia a safe haven for illicit funds, but Switzerland the world's worst. Sydney Morning Herald. 31 January 2018.
  15. Web site: Corporate Tax Haven Index 2019 Results. Tax Justice Network. 28 May 2019.
  16. News: UK and territories are 'greatest enabler' of tax avoidance, study says. The Guardian. 28 May 2019.
  17. News: Channel Islands 'among worst tax havens' worldwide. BBC. 28 May 2019.
  18. Web site: U.K. Islands Unravel Global Corporate Tax Order, Group Says. Bloomberg Tax. 28 May 2019.
  19. Web site: Öffentliche Sitzung des Finanzausschusses . German Bundestag . June 15, 2016 . February 16, 2017 . de.
  20. Web site: Round-Up of Transparify 2018 Ratings . Transparify . 17 December 2018 . en-US . 2019-07-07.
  21. Web site: Tax Justice Network Who Funds You? . whofundsyou.org . en.
  22. Web site: Tax Justice Network . John Christensen steps down as Tax Justice Network chair . .
  23. Web site: Tax Research UK . Richard Murphy . John Christensen quits the Tax Justice Network . .
  24. Web site: Tax Research UK . Richard Murphy .
  25. Web site: Tax Justice Network . The past, present and future of Tax Justice Network . Alex Cobham . .
  26. Web site: Tax Justice Network . Our History .
  27. Web site: Institute of Development Studies . Sol Picciotto, ICTD Senior Fellow .

External links

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Tax Justice Network".

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