Illicit capital flight and tax havens

Illicit capital flight and tax havens

Attacs landsmøte, 2. mars 2014Sigrid Klæboe Jacobsen

About us

Tax Justice Network

A network of researchers, tax professionals, politicians,

journalists, aid organisations, youth organisations

Part of a the Global Alliance for Tax Justice

- 280 organisations world wide

Illicit capital flight from developing countries

$700 bn

Crime

$30 bnCorruption

Commercial activity

Source: Global Financial Integrity

$331 bn

Marta Luttgrodt

Local impact

Financial Secrecy Index

217.000 companies

1209 Orange Street, Delaware, USA

Example Switzerland

Methods to dodge tax

Transfer pricing

Trusts

«Check the box»

Kilde: «Piping Profits» – Publish What You Pay

Investments through tax havens

50% Business investments to developing countries passing through tax havens

«The secret to success is to own nothing, but control

everything» - Nelson Rockefeller, former vice president of the USA

«I own nothing» - John Fredriksen, Norways richest man

Measures for more transparency

Open companiesCountry-by-country reporting

Open countriesAutomatic exchange of information

Open ownershipsBeneficial ownership registries

«Nevertheless, the best of intentions may not mix well with national and global tax systems that are increasingly outdated. An overhaul is needed. The place to start is with a robust and frank assessment of whether current tax systems are still fit for purpose. And the simple answer is that they aren’t, because they were created for a world very different from today’s.»

“The world has moved on. Tax systems need to do the same – and soon.»

PwC, Global Annual Review 2013

Unitary taxation

New research needed

taxjustice.no

Kilder på nett

Piping profits

Ti av verdens største olje- og utvinningsselskaper eier over

6000 datterselskaper. Over en tredjedel av datterselskapene er i

skatteparadis. Tre norske selskaper er vurdert. Søkbar

database: http://www.publishwhatyoupay.no/en/piping-profits

Offshore leaks: http://www.icij.org/offshore

Financial Secrecy Index

Hvert enkelt land vurdert etter 16 faktorer av hemmelighold.

Landrapporter til 82 ulike land.

http://www.financialsecrecyindex.com/introduction/fsi-2013-

results

Nøkkeltall – www.taxjustice.no

Nøkkeltall med referanser

http://taxjustice.no/ressurser/tall

New «app»: moneytrail.no

Thank you for your time!

Sigrid Klæboe JacobsenDirector

Tlf. + 47 46861189sigrid@taxjustice.no

www.taxjustice.no