Report: £250 billion fraud in UK tax havens greater sum than 20 years of foreign aid budget
Russia most common place of origin for fraudsters using British overseas territories
A NEW report has identified over £250 billion in fraudulent funds directed through UK tax havens, more than over 20 years of the UK Government’s foreign aid budget.
The report, by Transparency International, examined the UK’s overseas territories, many of which act as tax havens for companies around the world to launder illegally obtained funds through.
The analysis comes as the Overseas Territories Joint Ministerial Council is set to meet in London.
Bill Austin: The Brexit borders debate is a red herring – What matters is whether you control your tax system, or let corporations run wild
Customs expert with over 30 years experience in the UK and worldwide, Bill Austin argues that Brexit is an attempt to undermine revenue and customs collection to serve unbridled corporate power, but that there is a chance for an independent Scotland to have a tax system among the world’s best
WE NEED to explain to Scotland’s electorate, but particularly No voters, the consequences to their day-to-day lives of the catastrophic Brexit fraud concurrent with demonstrable evidence of how to protect our society through Independence in the EU. No problem, right?
Robin McAlpine: A 'clean economy' is a great sell for indy – but we have to mean it
CommonSpace columnist and Common Weal director Robin McAlpine warns that Scotland is not immune from the culture that created the Paradise Papers
I HAPPENED to be in Brussels on the day the second tranche of the Panama Papers was released, attending a summit on the state of corporate lobbying in Europe.
About 20 of us met with the German Green MEP who had been behind much of the media coordination of their release and it became clear that views on what would happen next were divided into two camps.
Investigate accountancy firms supporting tax avoidance in Scotland and suspend any new Scottish Government contracts
SNP 2016 election manifesto stated it would not give public procurement contracts to firms involved in tax dodging
COMMON WEAL and one of Britain’s leading tax experts have called on the Scottish Government to investigate the appropriateness of giving contracts to accountancy firms supporting tax avoidance activities in Scotland, in light of new Paradise Papers revelations on Tuesday 7 November.
"The working class are getting their voices back." Daniel Blake star hits out as new benefits cap begins
In an interview with journalist Holly Callender for CommonSpace, I, Daniel Blake actor Dave Johns hits out at "system failings" as UK Government imposes benefits cap
WORKING CLASS people are facing sustained and unfair demonisation while big corporations escape huge bills through tax avoidance, according to I, Daniel Blake star Dave Johns, speaking ahead of a UK government-imposed benefit cap, commencing on Monday 7 November.
Global Justice Now: Brexit exposed as a “facilitation of big business”
Group warns that Brexit is being built by UK Government on tax avoidance and inequality
CAMPAIGNERS against tax avoidance and corporate power have slammed any plans by the UK Government to slash corporation tax to 10 per cent.
The proposed plan, reported in the Sunday Times, would only be carried out if the UK Government is unable to gain access to the EU single market in the forthcoming negotiations with the 28 member state bloc.
What's going to be in the Common Weal white paper on independence?
We take a closer look at the areas that the new white paper due for release in 2017 will cover
THE COMMON WEAL thinktank has announced a new White Paper Project that will look at the systems, structures and finances for establishing an independent Scotland. CommonSpace looks at key aspects that they expect to cover throughout the project.
Patrick Harvie calls for “corporate kleptomaniacs” to be cut off from public funding
£500m pot of new investment funds should go to ethical businesses, Scottish Green leader says
FIRMS THAT DODGE TAX should be blocked from accessing the new half a billion pound pot of public money from the Scottish Government, Green co-convener Patrick Harvie MSP has said.
Following the announcement of the new investment fund, Harvie called on the government to set tough anti-tax avoidance rules to provide a disincentive to “corporate kleptomaniacs” milking the system, while failing to pay their fair share.